Pipeline operator Targa Resources forecasts 2024 profit growth [Yahoo! Finance]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
Company Research
Source: Yahoo! Finance
processing facilities in the Permian, LPG exports and high transport volumes of natural gas liquids (NGL). The company expects adjusted core profit between $3.7 billion and $3.9 billion in the current year, an about 8% rise from the previous year at midpoint. The International Energy Agency (IEA), which advises industrialized countries, last month predicted global oil consumption will rise by 1.24 million barrels per day (bpd) in 2024. Houston-based Targa also reported an adjusted core profit of $959.9 million for the fourth quarter ended Dec. 31, beating analysts' estimates of $936.8 million, according to LSEG data. The results were primarily driven by performance at its logistics and transportation segment, which includes the activities and assets necessary to convert mixed NGLs into NGL products. The NGL pipeline transportation volumes were up about 44% to 722,000 barrels per day (Bbl/d) and NGL sales were up about 31% at 1.12 million Bbl/d in the quarter, from the previo
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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