Targa Resources shares jump 7% after company agrees to sell North Dakota stake in $1.6 billion deal [MarketWatch]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
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Source: MarketWatch
Targa Resources shares jump 7% after company agrees to sell North Dakota stake in $1.6 billion deal Targa Resources Corp. shares TRGP, +6.61% jumped about 7% Tuesday, after the company said it has agreed to sell a 45% stake in Targa Badlands to private-equity firms GSO Capital Partners and Blackstone Group LP BX, -0.56% for $1.6 billion in cash. Houston, Tx.-based Targa said it will remain operator and hold majority governance rights in Targa Badlands, which is the entity holding all of its assets in North Dakota. The assets are located in the Bakken and Three Forks Shale plays of the Williston Basin in North Dakota, and include about 480 miles of crude oil pipelines, 125,000 barrels of operational crude oil storage, about 260 miles of natural gas gathering pipelines and the Little Missouri natural gas processing plant with a current gross processing capacity of approximately 90 million cubic feet per day. The deal is expected to close in the second quarter. Proceeds have been e
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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