Targa Resources beats first-quarter core profit estimates on higher transportation volumes [Yahoo! Finance]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
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Source: Yahoo! Finance
NGL pipeline transportation volumes were up nearly 34% in the January-March quarter compared to last year, while NGL sales rose about 22% to 1.23 million bbl/d in the quarter from a year earlier. Crude prices gained in the January-March quarter, as production curtailments from OPEC+, Russian refinery outages and the Middle East conflict raised concerns over supplies, helping oil and gas transportation firms like Targa Resources charge higher fees. The company said its pipeline transported higher volumes primarily through its systems in the Permian Basin. NGLs are hydrocarbon liquids like ethane, propane and butane among others which are used as fuels for heating, refrigeration and gasoline blending among others. Targa Resources said its revenue for the first quarter rose slightly to $4.56 billion, from $4.52 billion last year. The company reaffirmed its full-year adjusted core profit forecast of $3.7 billion to $3.9 billion, compared with analysts' estimates of $3.84 billio
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TRGP
News
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Royal Bank of Canada from $123.00 to $128.00. They now have an "outperform" rating on the stock.MarketBeat
- We Think Targa Resources Corp.'s (NYSE:TRGP) CEO Compensation Looks Fair [Yahoo! Finance]Yahoo! Finance
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at Wells Fargo & Company from $109.00 to $124.00. They now have an "overweight" rating on the stock.MarketBeat
- Targa Resources: Improving Ebitda And Possible Upside Potential [Seeking Alpha]Seeking Alpha
- Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TRGP
Sec Filings
- 5/14/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- TRGP's page on the SEC website