Can This High-Yield Stock Maintain Its Payout? [The Motley Fool]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: The Motley Fool
Targa Resources is paying a hefty price to grow the business right now. Can its slate of projects cover the cost of new shares? In a little over two years, Targa Resources ( NYSE:TRGP ) (NYSE: NGLS-PA) went from a company that didn't have a whole lot of growth projects to one that arguably has too many projects at the moment. Its current slate of capital spending is massive and it has been putting a bit of a strain on the company's ability to pay its shareholders a generous dividend. This past quarter, though, many of Targa's projects became revenue-generating assets, and it made a big difference on the bottom line. Is it enough to save the company's high-yield dividend? Let's take a look at its most recent results to see what's going on at Targa Resources. Image source: Getty Images. By the numbers Metric Q3 2018 Q2 2018 Q3 2017 Revenue $2.98 billion $2.44 billion $2.13 billion Adjusted EBITDA $358.0 million $326.
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TRGP
News
- Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 ForumGlobeNewswire
- The 4.7% return this week takes Targa Resources' (NYSE:TRGP) shareholders three-year gains to 262% [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Truist Financial Co. from $105.00 to $120.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Barclays PLC from $105.00 to $116.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $125.00. They now have an "overweight" rating on the stock.MarketBeat
TRGP
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- TRGP's page on the SEC website