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-0.000293066057089335 -0.000468905691342902 -0.00073266514272317 -0.00246175487954994 -0.00240314166813198 -0.00240314166813198 -0.00240314166813198 -0.00240314166813198
Stock impact report

Targa Resources: Underlying Cash Flow Is Underappreciated [Seeking Alpha]

Targa Resources, Inc. (TRGP) 
US:NYSE Investor Relations: ir.targaresources.com/trc/events.cfm
Company Research Source: Seeking Alpha
TRGP's Q3 results showed robust EBITDA growth, driven by Permian Basin strength, new projects, and higher NGL transportation and export volumes. Aggressive capex is funded by cash flow, with leverage in the target range; future free cash flow growth is expected as expansion projects are completed. Dividend yield is lower than peers but set for 25% growth by 2026, complemented by buybacks and strong capital return potential. Maksim Safaniuk/iStock via Getty Images Shares of Targa Resources ( TRGP ) have been a poor performer over the past year, losing about 15% of their value. Its relatively low dividend yield (compared to midstream peers) and exposure to the more cyclical NGL portion of the oil & gas sector have been headwinds, and This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, an Show less Read more
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