Stonepeak, Targa seek Gulf Coast Express pipeline stake sale - sources [Reuters]
Targa Resources, Inc. (TRGP)
US:NYSE Investor Relations:
ir.targaresources.com/trc/events.cfm
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Source: Reuters
their 25% stake in the Gulf Coast Express natural gas pipeline for more than $750 million, people familiar with the matter said on Monday. Stonepeak and Targa Resources have hired an investment bank to sell Targa GCX Pipeline LLC, the company that owns the stake in the Gulf Coast Express pipeline, the sources said. Stonepeak owns 80% of Targa GCX Pipeline and Targa Resources owns the remainder. The sources cautioned that no deal is certain and asked not to be identified because the matter is confidential. New York-based Stonepeak declined to comment, while Houston-based Targa did not respond to a comment request. Targa Resources struck an agreement with Stonepeak in February 2018 to help finance the development costs of the Gulf Coast Express pipeline, which runs from the Permian basin to just outside Corpus Christi on the Texas coast. The 530-mile pipeline began operating in September 2019 and can carry 2 billion cubic feet per day of natural gas. The other owners of Gulf C
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TRGP
News
- 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
- Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings WebcastGlobeNewswire
- Targa Resources Corp. (NYSE: TRGP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $105.00 to $117.00. They now have a "buy" rating on the stock.MarketBeat
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