Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2023 results. Fourth quarter 2023 net income attributable to Targa Resources Corp. was $299.6 million compared to $318.0 million for the fourth quarter of 2022. For full year 2023, net income attributable to Targa Resources Corp. was a record $1,345.9 million compared to $1,195.5 million for 2022. Highlights Record full year adjusted EBITDA(1) for 2023 of $3,530.0 million, a 22% increase over 2022Record full year 2023 Permian, NGL transportation, fractionation, and LPG export volumesRecord full year 2023 common share repurchases of $373.7 millionExiting 2023 with ~90% of Gathering and Processing (“G&P”) volumes fee or fee-floor basedRecord quarterly adjusted EBITDA(1) for the fourth quarter of $959.9 million, a 14% sequential increaseRecord Permian, NGL transportation, fractionation, and LPG export volumes during the fo
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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