Targa Resources

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the following business segments: Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005, and is headquartered in Houston, TX.

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Targa Resources excels in Q4, eyes growth amid challenges

Targa Resources delivered exceptional performance in Q4 2022, with a robust outlook for 2023 driven by growth initiatives and strategic focus on returns.
While facing challenges like inflation pressures and hedge impacts, Targa remains agile in optimizing investments and maintaining capital efficiency.
The company's strengths lie in its operational successes, strong financial discipline, and strategic positioning for future growth opportunities.

Targa Resources reports robust Q1 performance amidst growth opportunities

Targa Resources Corp. demonstrated solid financial performance in Q1 2023, driven by record volumes and strategic investments. While facing challenges such as commodity price fluctuations and operational issues, the company's strong balance sheet and growth initiatives position it well for the future.

Targa Resources posts record Q2 volumes, eyes growth opportunities

Targa Resources reports strong Q2 performance with record volumes and strategic investments in Permian operations.
Maintaining financial strength and flexibility, the company is poised for growth with a focus on shareholder value.
Challenges include managing pricing dynamics and balancing leverage for future investments and returns.

Targa Resources reports strong Q3 performance and eyes dividend growth

Targa Resources demonstrated robust performance with record volumes and increased EBITDA, underpinned by strategic expansions and operational efficiencies.
While facing challenges like shifting gas volumes, the company's focus on profitability optimization and growth avenues positions it well for the future.
Opportunities lie in dividend growth, EBITDA expansion, and market connectivity, showcasing Targa's commitment to shareholder value and sustainable growth.

Targa Resources achieves record performance in 2023, eyes Permian growth

Targa Resources reported record performance in 2023 and expects continued growth in Permian volumes for 2024.
The company is focused on capital spending for Permian projects, dividend increases, and share repurchases.
Challenges include long lead times for equipment and supply chain issues, but proactive measures are in place.
Opportunities lie in fee-based revenue growth, downstream investments, and evaluating strategic infrastructure projects.

Targa Resources reports record earnings, eyes expansion amid market challenges

Targa Resources delivered strong financial performance in Q1 2024, driven by record EBITDA and operational achievements.
Despite challenges like weather impacts and pricing dynamics, Targa's strategic initiatives and growth projects position it for future success.
The company's focus on expansion, infrastructure development, and market responsiveness underscores its commitment to long-term growth and stability.

Targa Resources Corp reports record Q2 earnings and strategic growth

Targa Resources Corp delivered a stellar second quarter performance, marked by record volumes and financial achievements, setting the stage for continued success.
Despite facing challenges in managing capital spending and growth expectations, the company's strong balance sheet and strategic focus on shareholder returns provide a solid foundation for growth.
Opportunities lie in strategic investments like the Blackcomb pipeline joint venture and continued growth in the Permian, positioning Targa for sustained success in the energy sector.

Targa Resources (TRGP) excels in Q3, plans for growth and sustainability

Targa Resources (TRGP) reported outstanding Q3 results, exceeding guidance and demonstrating operational excellence in key regions. The company's focus on capital allocation priorities, including increasing shareholder returns and sustainability initiatives, reflects a commitment to long-term value creation. While challenges may arise from expansion plans, Targa Resources is poised to leverage growth opportunities and tax incentives for continued success.

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Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil, and storing, terminaling, and selling refined petroleum products. It operates through the Gathering and Processing and Logistics and Transportation segments. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities, and assets used for crude oil gathering and terminaling. The Logistics and Transportation segment focuses on the activities necessary to convert mixed NGLs into NGL products and provides certain value-added services such as the storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters, and the storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded in October 2005 and is headquartered in Houston, TX.

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Dividends Aren't Surviving the Oil Market Meltdown

HOUSTON, March  20, 2020  (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for March 2020.

Targa Resources Partners  LP Announces  Monthly Distribution on Preferred Units

HOUSTON, March  18, 2020  (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Board of Directors approved a reduction in the Company’s quarterly common dividend to $0.10 per share for the quarter ended March 31, 2020 from $0.91 per share in the previous quarter. This reduction provides for approximately $755 million of additional annual direct cash flow, resulting in significant free cash flow available to reduce debt. Targa is also reducing its estimated 2020 net growth capital expenditures to approximately $800 to $900 million from its previously communicated range of $1.2 billion to $1.3 billion, which represents a 32 percent reduction at the midpoint of both ranges. The vast majority of spending is for major ongoing growth capital projects where the capital is already predominantly spent. 

Targa Resources Announces Dividend Reduction, Decrease in 2020 Capital Spending, Provides Initial 2021 Capital Spending Expectations and Provides Insight on Response to Current Market Conditions

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HOUSTON, March  02, 2020  (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) today announced it has completed the 2019 tax packages for the holders of Targa Resources Partners 9% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred (“Series A Preferred Units”), including Schedules K-1.

Targa Resources Partners LP Announces 2019 Schedules K-1 Available

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Targa Resources' fourth-quarter results and 2020 outlook show that its big-time dividend is a step closer to sustainability.

This 9.2%-Yielding Energy Stock Is Finally Getting Its Dividend Back on Solid Ground

Targa Resources Corp (TRGP) CEO Joe Bob Perkins on Q4 2019 Results - Earnings Call Transcript

HOUSTON, Feb.  14, 2020  (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for February 2020.

Targa Resources Partners LP  Announces Monthly Distribution on Preferred Units

HOUSTON, Jan.  27, 2020  (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at U.S. Capital Advisors Midstream Corporate Access Day on Tuesday, January 28, 2020 in Houston, Texas.

Targa Resources Corp. to Participate in U.S.

HOUSTON, Jan.  16, 2020  (GLOBE NEWSWIRE) -- Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the fourth quarter of 2019.

Targa Resources Corp.  Announces Quarterly Dividends

HOUSTON, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for January 2020.

Targa  Resources  Partners LP  Announces Monthly Distribution on Preferred Units

The midstream company benefited from an uptick in oil prices last month.

Why Targa Resources Stock Rallied Nearly 12% in December

HOUSTON, Dec.  16, 2019  (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for December 2019.

Targa Resources Partners LP Announces Monthly Distribution on Preferred Units.

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Targa Resources has several catalysts ahead that should put its ultra-high-yielding dividend on a more sustainable foundation next year.

4 Reasons 2020 Could Be a Big Year for This 9.9%-Yielding Dividend Stock

Targa Resources' third-quarter results show that its expansion plan is paying dividends.

This Ultrahigh-Yield Stock Is Starting to Stomp on the Accelerator

Targa Resources Corp (TRGP) CEO Joe Bob Perkins on Q3 2019 Results - Earnings Call Transcript

HOUSTON, Oct.  16, 2019  (GLOBE NEWSWIRE) -- Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the third quarter of 2019.

Targa Resources Corp. Announces Quarterly Dividends.

The midstream company’s growth engine is beginning to rev up.

Why Targa Resources Stock Rallied 11% in September

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Targa Resources: Growth Projects Coming Online

The high-yielding midstream company is about to stomp on the accelerator.

Is Targa Resources a Buy?

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News for Targa Resources Stock (TRGP)