TRGP Stock Recent News

HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2025 results.

Here's a preview of what to expect from energy stocks TRP, TRGP, and PBF ahead of their quarterly earnings reports, set to be released tomorrow.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Targa Resources (TRGP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.

HOUSTON, April 10, 2025 (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 $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025, consistent with previously disclosed expectations. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. This cash dividend will be paid May 15, 2025 on all outstanding common shares to holders of record as of the close of business on April 30, 2025.

Targa Resources (TRGP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

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TRGP, in partnership with WPC JV, reaches a FID for the construction of the Traverse Pipeline to transport natural gas to key areas.

Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa's stock price is up over 50% in less than a year, but the company has good growth projects underway.

TRGP offers solid financial performance and stable revenues from fee-based contracts but is exposed to regulatory uncertainties, market competition and execution risks.

TRGP's adjusted EBITDA for the fourth quarter totaled $1.1 billion, up from $959.9 million in the prior-year period.