TRGP Stock Recent News

Targa Resources' (TRGP) current dividend yield of 2.6% might not be the best going around, but it is well ahead of the S&P 500's 1.3% and is well protected with a payout ratio of 52.

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $0.75 per common share, or $3.00 per common share on an annualized basis, for the first quarter of 2024, consistent with previously disclosed expectations. This dividend represents a 50 percent increase over the common dividend declared with respect to the first quarter of 2023. This cash dividend will be paid May 15, 2024 on all outstanding common shares to holders of record as of the close of business on April 30, 2024.

Targa Resources reported solid Q4 results, with adjusted EBITDA growing 14%. The Permian will power results in 2024 and 2025, as new projects in the basin come online. TRGP will see lower growth capex in 2025, which should lead to robust free cash flow.

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Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.

Although the revenue and EPS for Targa Resources, Inc. (TRGP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the following investor conferences in New York City, NY:

Targa (TRGP) expects 2023 adjusted EBITDA to be in the $3.5-$3.7 billion range, with capital expenditures between $2 billion and $2.2 billion, and net maintenance capital spending of $200 million.

The headline numbers for Targa Resources, Inc. (TRGP) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Targa Resources Corp. (TRGP) Q3 2023 Earnings Call Transcript