Targa: 2024 Shaping Up To Be A Good Year [Seeking Alpha]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Seeking Alpha
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. Back in early December , I wrote that Targa Resources ( NYSE: TRGP ) had some of the best growth prospects in the midstream space, starting coverage of the stock with a “Buy” rating. The stock has returned nearly 20% since then. With the company reporting results last month, let's catch up on the name. Company Profile As a quick reminder, TRGP is a midstream company that operates in a number of basins throughout the U.S. Within its Gathering & Processing (G&P) segment the company gathers, processes, treats, and transports natural gas, and to a lesser extent it the gathers and stores crude oil. The Permian is its biggest area of operation for the segment. The company's Logistics & Transportation segment, meanwhile, is involved in NGL transportation & fractionation, LPG exports, and marketing. The Gran
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TRGP
News
- Targa Resources Corp. (NYSE:TRGP) Stock Goes Ex-Dividend In Just Two Days [Yahoo! Finance]Yahoo! Finance
- Targa Resources' (NYSE:TRGP) Dividend Will Be Increased To $0.75 [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Stifel Nicolaus from $111.00 to $130.00. They now have a "buy" rating on the stock.MarketBeat
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Scotiabank from $112.00 to $128.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Investors' Guide to Targa Resources' (TRGP) Dividend Hike [Yahoo! Finance]Yahoo! Finance
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