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Targa Resources Inc Value Stock - Dividend - Research Selection

Targa resources

ISIN: US87612G1013 , WKN: A1C9E3

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Description of the company

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

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NEWS


Targa Resources: The Price Is Not Always Right (Rating Downgrade)

2024-11-13
Targa Resources has outperformed my 2026 price target with strong growth. Learn why TRGP stock is downgraded to a hold despite new projects and growth plans.

Q3 2024: Another Strong Quarter For Midstream/MLP Payouts

2024-11-13
Dividend growth has been a key tailwind for midstream in recent years, enhancing already generous payouts. Those tailwinds continued in Q3 2024 and are expected to extend to 2025 and beyond.

Targa Resources Q3 Earnings Beat on Permian Volume Strength

2024-11-12
TRGP's adjusted EBITDA for the third quarter totaled $1.1 billion, up from $840.2 million in the prior-year period.

Targa Resources Corp. to Participate in BofA Securities Global Energy Conference

2024-11-11
HOUSTON, Nov. 11, 2024 (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 BofA Securities Global Energy Conference in Houston, TX on Wednesday, November 13, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/ev

Targa Resources (TRGP): Dominating the Permian Basin Amid Market Oversupply

2024-11-11
We recently published a list of UBS’ Top Quant Stocks In AI, IT, Healthcare & Other Sectors: Top 33 Stocks In All Sectors. In this article, we are going to take a look at where Targa Resources Corp. (NYSE:TRGP) stands against other UBS’ top quant stocks in AI, IT, healthcare & other sectors. With the […]

Targa Resources (TRGP) Upgraded to Buy: What Does It Mean for the Stock?

2024-11-11
Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Energy Transfer: Gathering Steam In The Permian

2024-11-11
Read why I'm bullish on Energy Transfer due to strong Q3 performance, Permian basin focus, and WTG Midstream acquisition. Click here to read my analysis.

Targa Resources: Assuming The Past Never Happens Again

2024-11-10
Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. See why TRGP stock is a Sell.

Four Midstream Energy CEFs Now Offer Strong Total Return Potential

2024-11-09
The energy sector, particularly midstream companies, is set to benefit from Trump's pro-oil and gas policies, boosting fossil fuel investments.

Targa Resources Corp. Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next

2024-11-08
Shareholders of Targa Resources Corp. ( NYSE:TRGP ) will be pleased this week, given that the stock price is up 12% to...