TRGP Stock Recent News

HOUSTON, May 16, 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:

Targa (TRGP) expects an adjusted EBITDA of $3.5-$3.7 billion, growth capital expenditures of $2-$2.2 billion and net maintenance capital spending of $175 million for 2023.

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Targa Resources, Inc. (TRGP) could produce exceptional returns because of its solid growth attributes.

The average of price targets set by Wall Street analysts indicates a potential upside of 27.4% in Targa Resources, Inc. (TRGP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

HOUSTON, April 13, 2023 (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 $0.50 per common share, or $2.00 per common share on an annualized basis, for the first quarter of 2023, consistent with previously disclosed expectations. This dividend represents a 43 percent increase over the common dividend declared with respect to the first quarter of 2022. This cash dividend will be paid May 15, 2023 on all outstanding common shares to holders of record as of the close of business on April 28, 2023.

Targa Resources, Inc. (TRGP) reported earnings 30 days ago. What's next for the stock?

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Targa Resources' (TRGP) 2023 adjusted EBITDA stands at $2.95-$3.5 billion, growth capex at $1.8-$1.9 billion, and net maintenance capex at $175 million.

Here is how Targa Resources, Inc. (TRGP) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.