Targa Resources Corp. Reports First Quarter 2024 Financial Results
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (“adjusted EBITDA”)(1) of $966.2 million for the first quarter of 2024 compared to $940.6 million for the first quarter of 2023. Highlights Record adjusted EBITDA for the first quarter of $966.2 millionRecord Permian and liquefied petroleum gas (“LPG”) export volumes during the first quarterStarting up its new 120 thousand barrels per day (“MBbl/d”) Train 9 fractionator in Mont Belvieu, TX in early MayAnnounced a new 275 million cubic feet per day (“MMcf/d”) Permian Midland gas plantAnnounced a 150 MBbl/d Train 11 fractionator in Mont BelvieuNo chan
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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