Targa Resources Corp. Reports Record Third Quarter 2024 Results and Announces Expectations for a 33% Year-Over-Year Increase to its 2025 Common Dividend
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2024 results. Third quarter 2024 net income attributable to Targa Resources Corp. was $387.4 million compared to $220.0 million for the third quarter of 2023. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”)(1) of $1,069.7 million for the third quarter of 2024 compared to $840.2 million for the third quarter of 2023. Highlights Record adjusted EBITDA for the third quarter of $1.07 billionRecord Permian, NGL transportation, and fractionation volumes during the third quarterCompleted its Daytona NGL Pipeline expansion during the third quarterRepurchased approximately $168 million of common stock during the third quarter, and $647 million for the nine months ended September 30, 2024 at a weighted average price of $121.50Estimate f
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News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $185.00 to $223.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $190.00 to $204.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target lowered by analysts at Truist Financial Co. from $225.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
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TRGP
Sec Filings
- 12/3/24 - Form 4
- 12/2/24 - Form 144
- 11/19/24 - Form 4
- TRGP's page on the SEC website