La vendita allo scoperto per Targa Resources dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Targa Resources. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Targa Resources (NYSE:TRGP) Azioni, Report sulle vendite allo scoperto

Targa Resources

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

Targa Resources Corp

<p>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) has outperformed the market over the past 5 years by 17.95% on an annualized basis producing an average annual return of 32.21%. Currently, Targa Resources has a market capitalization of $35.47 billion. </p>
<p><strong>Buying $1000 In TRGP:</strong> If an investor had bought $1000 of TRGP stock 5 years ago, it would be worth <strong>$4,111.73</strong> today based on a price of $161.92 for TRGP at the time of writing.</p>
<h3>Targa Resources's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729199018_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


News

Trading Ideas

TRGP

Here's How Much $1000 Invested In Targa Resources 5 Years Ago Would Be Worth Today

<p>B of A Securities  analyst Jean Ann Salisbury   reinstates Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Buy and announces $182 price target.</p>


Price Target

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B of A Securities Reinstates Buy on Targa Resources, Announces $182 Price Target

<p>RBC Capital  analyst Elvira Scotto   maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Outperform and raises the price target from $153 to $172.</p>


RBC Capital Maintains Outperform on Targa Resources, Raises Price Target to $172

<p>7 analysts have expressed a variety of opinions on Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $154.0, a high estimate of $171.00, and a low estimate of $141.00. Observing a 12.41% increase, the current average has risen from the previous average price target of $137.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729018825_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>A clear picture of Targa Resources's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$171.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$163.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$153.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$153.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$147.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Sunil Sibal</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$129.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Targa Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Targa Resources compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Targa Resources's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Targa Resources's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TRGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Targa Resources analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Targa Resources</h2>
<p>Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.</p>
<h3>Targa Resources: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Targa Resources showcased positive performance, achieving a revenue growth rate of <strong>4.65%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>8.38%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Targa Resources's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>11.54%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Targa Resources's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>1.42%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Targa Resources's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>5.53</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Navigating 7 Analyst Ratings For Targa Resources

<p>Barclays  analyst Christine Cho   maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Overweight and raises the price target from $155 to $171.</p>


Barclays Maintains Overweight on Targa Resources, Raises Price Target to $171

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Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

<p><strong>Petrobras</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), an&nbsp;oil and gas company of Brazil, is close to reaching an agreement with Brazil&#39;s regulators that will enable the company to start redeveloping the large Tupi oil field, a significant asset in the country&#39;s energy landscape. This redevelopment initiative is expected to not only boost Petrobras&#39; production capabilities but also reinvigorate Brazil&#39;s oil output, which has faced stagnation in recent years.</p>
<h2>Resolving the Tax Dispute: A Critical Step</h2>
<p>One of the most pressing issues for Petrobras is the long-standing tax dispute with Brazil&#39;s National Agency of Petroleum, Natural Gas and Biofuels (ANP). According to Sylvia dos Anjos, the head of exploration and production at Petrobras, the company anticipates that this dispute will be resolved by the end of 2024. Successfully settling this issue is crucial for Petrobras to extend its operating contract for Tupi, potentially for another 27 years, allowing for a more extensive and profitable development plan.</p>
<p>The heart of the conflict lies in the interpretation of tax regulations pertaining to oil fields. Petrobras argues that Tupi consists two distinct deposits &mdash;Tupi and Cernambi. Under the ANP&#39;s maintenance these are a single entity. This interpretation affects the tax rate applicable to Petrobras, with larger fields incurring higher taxes. The ongoing arbitration proceedings may soon give way to negotiations, as both parties appear ready to find common ground.</p>
<h2>Strategic Redevelopment Plans for Tupi</h2>
<p>With the potential resolution of the tax dispute, Petrobras is poised to embark on ambitious plans to drill new wells and conduct seismic research at the Tupi oil field. The company is also contemplating the addition of another floating production unit, a significant investment that can cost more than $4 billion and take several years to construct. This move would significantly enhance Petrobras&#39; ability to extract oil from Tupi, which is essential for addressing the natural decline in production rates.</p>
<p>Cesar Cunha de Souza, Petrobras&#39; executive manager for ultra-deep waters, indicated that the start date for this new production unit will be defined in the company&#39;s next strategic plan. The goal is to maximize output from Tupi through infill drilling campaigns, which are designed to improve extraction rates from a field that has been in production for over a decade.</p>
<h2>Economic Significance of Tupi</h2>
<p>The Tupi oil field is a cornerstone of Petrobras&#39; operations and Brazil&#39;s economy. In the early 2010s, Tupi propelled Brazil into the ranks of the world&#39;s top ten oil producers, generating substantial tax revenues that have been crucial for the national economy. It has been a driving force behind exploration in the pre-salt region, a hotbed for international oil investments.</p>
<p>In 2023, Tupi outperformed oil production from several countries, including Colombia, Venezuela, the United Kingdom and Argentina. This achievement underscores the field&#39;s significance not only for Petrobras but for Brazil&#39;s energy independence and economic stability.</p>
<h2>Challenges and Comparisons in Global Oil Production</h2>
<p>Despite the positive outlook for Tupi, Petrobras faces challenges similar to those experienced by other oil-producing nations. For instance, Mexico&#39;s oil output has dramatically declined since the peak of the Cantarell field in the 2000s, significantly impacting government revenues. Anjos emphasized the necessity of intensifying efforts to extract more from Tupi, stating, &quot;We&#39;re going to carry out a process to get much more out of Tupi. It&#39;s a giant field.&quot;</p>
<p>The ongoing global demand for oil makes it imperative for Petrobras to arrest the decline in production effectively. The company is committed to exploring new methodologies and technologies that can enhance extraction and efficiency, ensuring that Tupi remains a vital contributor to Brazil&#39;s energy portfolio.</p>
<h2>Production Metrics and PBR&#39;s Projections</h2>
<p>Recent data reveals that Tupi has maintained an impressive output, producing an average of 764,000 barrels of oil per day in the first eight months of 2024. This output not only surpasses that of Buzios, another field where Petrobras is expanding production but also highlights Tupi&#39;s continued importance in Brazil&#39;s energy strategy. In August, daily crude output returned to last year&#39;s level, reaching 830,000 barrels per day following the conclusion of planned maintenance on a key platform.</p>
<p>Such metrics indicate that with the right investments and strategies in place, Tupi could enhance its production capabilities even further, reinforcing Petrobras&#39; position as a leader in the oil industry.</p>
<h2>Future of Petrobras and the Tupi Oil Field</h2>
<p>As Petrobras navigates the complexities of its tax dispute with the ANP, the company&#39;s focus on the Tupi oil field exemplifies its broader strategy to secure and expand Brazil&#39;s energy resources. The outcome of these negotiations will significantly influence the future trajectory of the company and its ability to innovate and adapt to an ever-changing global oil landscape.</p>
<p>Overall, the redevelopment of Tupi is not just a crucial step for Petrobras. It is a significant chapter in Brazil&#39;s quest for energy security and economic growth. The company&#39;s commitment to resolving its tax issues and investing in new technology positions PBR to capitalize on one of the most important oil fields in the world, ensuring that Brazil remains a key player in the global energy market.</p>
<h2>PBR&#39;s Zacks Rank &amp; Key Picks</h2>
<p>Currently, PBR has a Zacks Rank of #3 (Hold).</p>
<p>Investors interested in the energy sector might look at some better-ranked stocks like <strong>Targa Resources</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>) and <strong>Archrock</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), each sporting a Zacks Rank #1 (Strong Buy), and <strong>Core Laboratories Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clb#NYSE">CLB</a>), carrying a Zacks Rank #2 (Buy) at present.</p>
<p>Targa Resources is valued at $34.62 billion. In the past year, its shares have risen 90%. TRGP is a leading provider of midstream energy infrastructure services in the United States. It offers a wide range of services, including gathering, processing, transportation, storage and marketing of natural gas and natural gas liquids.</p>
<p>Houston-based Archrock is valued at $3.68 billion. The oil and gas exploration and production company currently pays a dividend of 66 cents per share, or 3.03%, on an annual basis. AROC, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services.</p>
<p>Core Laboratories is valued at $929.82 million. The company currently pays a dividend of 4 cents per share, or 0.2%, on an annual basis. CLB is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to oil and gas companies.</p>
<p><a href="https://www.zacks.com/stock/news/2347049/petrobras-to-close-final-deal-for-redeveloping-the-tupi-oil-field?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2347049">To read this article on Zacks.com click here.</a></p>


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Petrobras to Close Final Deal for Redeveloping the Tupi Oil Field

<p>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) has outperformed the market over the past 5 years by 15.45% on an annualized basis producing an average annual return of 29.75%. Currently, Targa Resources has a market capitalization of $31.95 billion. </p>
<p><strong>Buying $1000 In TRGP:</strong> If an investor had bought $1000 of TRGP stock 5 years ago, it would be worth <strong>$3,631.07</strong> today based on a price of $145.86 for TRGP at the time of writing.</p>
<h3>Targa Resources's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727461879_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,600 Today

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Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

<p>Analysts' ratings for Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) over the last quarter vary from bullish to bearish, as provided by 10 analysts.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $147.2, along with a high estimate of $163.00 and a low estimate of $138.00. This upward trend is evident, with the current average reflecting a 10.86% increase from the previous average price target of $132.78.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726776126_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The standing of Targa Resources among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$163.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$153.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$153.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$147.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Sunil Sibal</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$142.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$138.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$140.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Targa Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Targa Resources compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Targa Resources's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Targa Resources's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TRGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Targa Resources analyst ratings.</strong></a></p>
<h2>About Targa Resources</h2>
<p>Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.</p>
<h3>Breaking Down Targa Resources's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> Targa Resources's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>4.65%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Targa Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>8.38%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Targa Resources's ROE excels beyond industry benchmarks, reaching <strong>11.54%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Targa Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.42%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a high debt-to-equity ratio of <strong>5.53</strong>, Targa Resources faces challenges in effectively managing its debt levels, indicating potential financial strain.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For Targa Resources

<p>Goldman Sachs  analyst John Mackay   maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Buy and raises the price target from $147 to $163.</p>


Goldman Sachs Maintains Buy on Targa Resources, Raises Price Target to $163

<p><strong>The Williams Companies, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmb#NYSE">WMB</a>) is on an ambitious path to expand its natural gas infrastructure with the addition of 12 projects representing approximately 4.2 billion cubic feet per day (bcfd) of capacity from 2024 to 2027. This announcement was made by CEO Alan Armstrong at the Barclays CEO Energy-Power Conference on Wednesday, according to Reuters.</p>
<p>This latest expansion follows the Tulsa, OK-based leading oil and gas storage and transportation company&#39;s successful completion of 17 projects, which collectively contributed about 5 bcfd, between 2018 and 2023. These projects are aimed at boosting natural gas supply, especially as demand for energy increases across various sectors.</p>
<h2>WMB&#39;s Upcoming Projects: 2024-2027</h2>
<p>The company&#39;s growth plan for the next few years focuses heavily on critical projects such as the Louisiana Energy Gateway and Southeast Supply Enhancement pipelines. These two high-capacity projects are expected to bring substantial additional supply into the U.S. natural gas market.</p>
<p>One of the flagship projects in this expansion is the Louisiana Energy Gateway, a pipeline designed to deliver 1.8 bcfd of natural gas. This project is currently under construction and expected to begin service in the second half of 2025. The project will play a crucial role in increasing gas supply from regions with abundant natural resources to areas where demand is surging.</p>
<p>This gateway not only addresses current energy needs but also lays the groundwork for future demand in domestic and international markets, with a particular focus on liquefied natural gas (&quot;LNG&quot;) exports.</p>
<p>Another key project is the Southeast Supply Enhancement pipeline, designed to deliver 1.6 bcfd of natural gas. This pipeline is currently under development and expected to be operational by the fourth quarter of 2027. The $1.45 billion investment will help to meet the rising energy needs in the Mid-Atlantic and Southeastern U.S. regions, with the increasing demand for electricity generation from data centers and artificial intelligence applications.</p>
<p>WMB anticipates this project to play a critical role in replacing retiring coal-fired power plants with natural gas as the go-to fuel for electricity generation. With the focus on decarbonization and the transition to cleaner energy sources, the demand for natural gas is set to remain robust in the next decade.</p>
<h2>WMB&#39;s Historical Project Success: 2018-2023 Expansion</h2>
<p>Between 2018 and 2023, Williams brought 17 projects online, adding a total of 5 bcfd of capacity. This growth reflects the company&#39;s commitment to meeting U.S. energy demands, driven by the shift from coal to natural gas for electricity and increasing LNG export needs. Natural gas is supporting the U.S. power grid&#39;s decarbonization efforts as less efficient coal plants are phased out.</p>
<h2>Pipeline Projects of Williams</h2>
<p>Williams plans to introduce approximately 11.5 bcfd of capacity between 2026 and 2032, with a $10.2 billion capital expenditure. These projects will support industrial and power generation needs and enhance LNG export capabilities. Strategic project locations will ensure a steady gas supply for domestic and international markets.</p>
<h2>WMB&#39;s M&amp;A Strategy and Focus</h2>
<p>On the mergers and acquisitions (M&amp;A) front, WMB has taken a cautious approach in recent years. According to Armstrong, the company&#39;s recent M&amp;A activity has been focused on acquiring gas storage assets, which align with WMB&#39;s long-term strategic goals. Beyond gas storage, Armstrong expressed skepticism about other potential acquisitions, noting that the company has yet to find any attractive opportunities for bolt-on acquisitions that offer significant synergies.</p>
<p>This cautious approach highlights Williams&#39; focus on making strategic investments that enhance its existing asset base. However, WMB denied reports that it had made a buyout offer to <strong>Targa Resources Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>), a Houston-based oil and gas storage and transportation company.</p>
<p>In conclusion, WMB is positioned as a key player in the U.S. energy transition, leveraging natural gas to support a cleaner energy future. With an extensive pipeline of projects and a focus on gas storage, the company is prepared to meet rising energy demands and contribute to a lower-carbon future.</p>
<h2>Zacks Rank and Key Picks</h2>
<p>Currently, WMB and TRGP each have a Zacks Rank #3 (Hold).</p>
<p>Investors interested in the energy sector might look at some better-ranked stocks like <strong>MPLX LP</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>), sporting a Zacks Rank #1 (Strong Buy) and <strong>VAALCO Energy, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egy#NYSE">EGY</a>), carrying a Zacks Rank #2 (Buy), at present.</p>
<p>Findlay, OH-based MPLX LP is valued at $43.3 billion. In the past year, its shares have risen 21.3%. MPLX owns and operates midstream energy infrastructure and logistics assets in the United States. It operates under two segments, namely Logistics and Storage, and Gathering and Processing.</p>
<div>
<p>Houston, TX-based Vaalco Energy is valued at $595.49 million. The oil and gas exploration and production company currently pays a dividend of 25 cents per share, or 4.36%, on an annual basis. EGY is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas.</p>
<p><a href="https://www.zacks.com/stock/news/2332591/williams-to-boost-natural-gas-capacity-with-12-new-projects?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2332591">To read this article on Zacks.com click here.</a></p>
</div>


MPLX

Williams to Boost Natural Gas Capacity With 12 New Projects

<p>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) has outperformed the market over the past 5 years by 17.48% on an annualized basis producing an average annual return of 30.12%. Currently, Targa Resources has a market capitalization of $31.98 billion. </p>
<p><strong>Buying $100 In TRGP:</strong> If an investor had bought $100 of TRGP stock 5 years ago, it would be worth <strong>$371.37</strong> today based on a price of $145.99 for TRGP at the time of writing.</p>
<h3>Targa Resources's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725640223_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

Reported Earlier, Targa Resources Is Said To Have Rebuffed Williams M&A Interest

<p><strong>Targa Resources's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) short percent of float has fallen 4.95% since its last report. The company recently reported that it has <strong>3.28 million shares sold short</strong>, which is 1.73% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.5 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Targa Resources Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725306321_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Targa Resources has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Targa Resources's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Targa Resources's peer group average for short interest as a percentage of float is 3.94%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

(TRGP) - Analyzing Targa Resources's Short Interest

<p>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) has outperformed the market over the past 5 years by 18.79% on an annualized basis producing an average annual return of 32.72%. Currently, Targa Resources has a market capitalization of $31.80 billion. </p>
<p><strong>Buying $1000 In TRGP:</strong> If an investor had bought $1000 of TRGP stock 5 years ago, it would be worth <strong>$4,118.53</strong> today based on a price of $145.13 for TRGP at the time of writing.</p>
<h3>Targa Resources's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724860835_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In Targa Resources 5 Years Ago Would Be Worth This Much Today

<p>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) has outperformed the market over the past 5 years by 17.92% on an annualized basis producing an average annual return of 31.04%. Currently, Targa Resources has a market capitalization of $30.14 billion. </p>
<p><strong>Buying $100 In TRGP:</strong> If an investor had bought $100 of TRGP stock 5 years ago, it would be worth <strong>$400.88</strong> today based on a price of $137.59 for TRGP at the time of writing.</p>
<h3>Targa Resources's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723579315_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In This Stock 5 Years Ago Would Be Worth $400 Today

<p>RBC Capital  analyst Elvira Scotto   maintains Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) with a Outperform and raises the price target from $147 to $153.</p>


RBC Capital Maintains Outperform on Targa Resources, Raises Price Target to $153

<p><strong>Targa Resources Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>) reported second-quarter 2024 earnings of $1.33 per share, which beat the Zacks Consensus Estimate of $1.21. The outperformance could be attributed to strong volumes across its systems in the reported quarter. However, the bottom line deteriorated from the year-ago quarter&#39;s level of $1.44. The year-over-year underperformance resulted from higher product costs.</p>
<p>Revenues totaled $3.6 billion, up 4.6% year over year. The increase was driven by higher sales of commodities and fees from midstream services year over year. However, the top line missed the Zacks Consensus Estimate of $4.3 billion.</p>
<p>The company&#39;s adjusted EBITDA for the second quarter totaled $984.3 million, up from $789.1 million in the prior-year period.</p>
<p>On Jul 11, Targa declared a quarterly cash dividend of 75 cents per common share or $3 on an annualized basis for the second quarter of 2024. Total cash dividends of approximately $164 million will be distributed on Aug 15, to its shareholders of record as of the close of business on Jul 31.</p>
<p>Targa repurchased more than 2.9 million shares of its common stock in this quarter, spending approximately $355 million at an average price of $118.91 per share. As of Jun 30, the company had $291.3 million remaining in its existing $1 billion share repurchase program. In July 2024, Targa&#39;s board authorized a new share repurchase program of up to $1 billion, increasing the total available funds for share repurchases to $1.3 billion.</p>
<p>In the second quarter, the company recorded significant volumes in the Permian Basin, indicating robust activity levels across the Permian Midland and Permian Delaware systems. Furthermore, the new 230 million cubic feet per day (MMcf/d) Roadrunner II plant in the Permian Delaware commenced operations and achieved high utilization in this period.</p>
<p>The company announced plans to build two new gas processing plants in the Permian Basin, each capable of processing 275 million cubic feet of gas per day.</p>
<div class="chart_embed">
<h3>Targa Resources, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="Targa Resources, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e4/1723110535.png" style="height:265px; width:583px" title="" /></p>
<p>Targa Resources, Inc. price-consensus-eps-surprise-chart | Targa Resources, Inc. Quote</p>
</div>
<h3>Operational Performance&nbsp;</h3>
<p><strong>Gathering and Processing:</strong> The segment recorded an operating margin of $572.6 million, up 14% from $502.5 million recorded in the year-ago period.</p>
<p>This primarily reflects higher Permian Basin volumes that increased 12% year over year to an average of 5,671.5 MMcf/d</p>
<p><strong>Logistics and Transportation:</strong> This unit mainly reflects the company&#39;s downstream operations. Its operating margin of $547.7 million increased 34.2% year over year. The rise can be attributed to higher pipeline transportation and fractionation, and LPG export margins.</p>
<p>The Logistics and Transportation segment saw its adjusted operating margin increase sequentially attributed to record-high NGL pipeline transportation and fractionation volumes. This growth was driven by increased NGL supplies from Targa&#39;s Permian G&amp;P operations.</p>
<p>TRGP&#39;s fractionation volumes totaled 902.2 thousand barrels per day, up 14% from 794.4 thousand barrels per day recorded a year ago. NGL pipeline transportation volumes rose 26% year over year, export volumes increased 30% and NGL sales saw an 8% improvement in the same period.</p>
<h3>Costs, Capex &amp; Balance Sheet&nbsp;</h3>
<p>Targa incurred product costs of $2.2 billion in the second quarter, up 6% from the year-ago quarter&#39;s actual. At the same time, the company reported operating expenses of $290.7 million, up 7% from the year-ago quarter&#39;s level of $272.6 million.</p>
<p>The company spent $798.7 million on growth capital programs compared with $579.5 million in the year-ago period.</p>
<p>As of Jun 30, TRGP had cash and cash equivalents of $166.4 million and long-term debt of $13 billion, with a debt-to-capitalization of around 75.7%.</p>
<h3>Guidance</h3>
<p><strong>2024 Guidance:</strong> Targa Resources anticipates a strong year with adjusted EBITDA expected to reach between $3.95 billion and $4.05 billion, representing a 5% increase from the previous estimate. This growth is fueled by increased activity across its operations.</p>
<p>To accommodate higher volumes and new projects, the company expects its capital expenditure estimate for 2024 to be at $2.7 billion, with net maintenance capital expenditures totaling $225 million. This includes investments in new gas processing plants, expanded infrastructure and accelerated downstream connections in the Permian Basin. Targa expects to begin operations on the reactivation of Gulf Coast Fractionators in Mont Belvieu in the third quarter of 2024.</p>
<p><strong>2025 Guidance: </strong>Targa expects continued growth in 2025, with significantly higher adjusted EBITDA and free cash flow compared to the previous prediction. This should increase the amount to be returned to its shareholders through dividend growth and share repurchases. &nbsp;</p>
<p>Capital expenditures are projected to decrease significantly in 2025 compared to 2024, as major projects like the Daytona NGL Pipeline and Train 10 fractionator are near completion. However, the company&#39;s management believes investments in Permian infrastructure will continue to drive growth.</p>
<p><strong>2026 Guidance:</strong> The Bull Moose II plant is anticipated to start operations in the first quarter of 2026 and the East Pembrook plant is expected to commence operations in the third quarter. Blackcomb Pipeline is expected to start operating in the second half of 2026, subject to regulatory approval.</p>
<p>TRGP currently has a Zacks Rank #3 (Hold).</p>
<h3>Important Energy Earnings So Far</h3>
<p>While it&#39;s early in the earnings season, there have been a few key energy releases thus far. Let&#39;s glance through a couple of them.</p>
<p><strong>Liberty Energy</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lbrt#NYSE">LBRT</a>), the Denver-CO-based oil and gas equipment company, announced second-quarter 2024 adjusted earnings of 61 cents per share, which marginally beat the Zacks Consensus Estimate of 60 cents. However, LBRT&#39;s bottom line underperformed the year-ago quarter&#39;s reported figure of 87 cents due to a year-over-year increase in costs and expenses.</p>
<p>Ahead of the earnings release, Liberty&#39;s board of directors announced a cash dividend of 7 cents per common share, payable on Sep 20, 2024, to its stockholders of record as of Sep 6. As part of its shareholder return policy, LBRT repurchased the company&#39;s shares worth $30 million at an average price of $20.39 per share in the reported quarter. Liberty returned $41 million to its shareholders through share repurchases and cash dividends.</p>
<p>Houston, TX-based <strong>Halliburton Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hal#NYSE">HAL</a>), an oil and gas equipment and services provider, reported second-quarter 2024 adjusted net income per share of 80 cents, in line with the Zacks Consensus Estimate and above the year-ago quarter profit of 77 cents (adjusted). The robust numbers reflect strength in the international markets.</p>
<p>As of Jun 30, 2024, the company reported $2.1 billion in cash and cash equivalents and $7.6 billion in long-term debt, representing a debt-to-capitalization ratio of 43.2. HAL also bought back $250 million worth of its stock in the April-June period. The company generated $1.1 billion of cash flow from operations in the second quarter, leading to a free cash flow of $793 million.&nbsp;&nbsp;</p>
<p>Meanwhile, energy infrastructure provider <strong>Kinder Morgan</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>)&nbsp;reported second-quarter adjusted earnings per share of 26 cents, in line with the Zacks Consensus Estimate. The bottom line was favorably impacted by strong financial contributions from the Natural Gas Pipelines, Products Pipelines and Terminals business segments. Moreover, KMI&#39;s second-quarter discounted cash flow (DCF) was $1.10 billion, up from $1.07 billion a year ago.</p>
<div>
<p>As of Jun 30, 2024, Kinder Morgan reported $98 million in cash and cash equivalents. Its long-term debt amounted to $28.5 billion at the quarter-end. For the full year 2024, KMI anticipates a DCF of $5 billion ($2.26 per share) and an adjusted EBITDA of $8.16 billion, each indicating 8% growth from the previous year&#39;s reported figures.</p>
<p><a href="https://www.zacks.com/stock/news/2318815/targa-trgp-q2-earnings-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318815">To read this article on Zacks.com click here.</a></p>
</div>


Earnings

Earnings Beats

Guidance

Targa Q2 Earnings Beat Estimates, Revenues Rise Y/Y

<p>Targa Resources Corp. ("Targa" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>), announced today the pricing of an underwritten public offering (the "Offering") of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035 at a price to the public of 99.943% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions.<br /><br />&nbsp;</p>
<p>The Company expects to use the net proceeds from the Offering for general corporate purposes, including to repay borrowings under its commercial paper note program, a portion of which were incurred to repay the remaining $500.0 million outstanding under its prior $1.5 billion unsecured term loan facility due July 2025, which was terminated in May 2024. Other general corporate purposes may include repayment of other indebtedness, capital expenditures, additions to working capital and investments in its subsidiaries.</p>


Offerings

Targa Resources Corp. Prices $1B Offering Of 5.500% Senior Notes Due 2035 At A Price To The Public Of 99.943% Of Their Face Value

Midstream Energy - Relative Quality

Williams raised at Morgan Stanley, seeing sustainable 5%-7% annual EBITDA growth

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Targa Resources declares $0.75 dividend

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Short sellers boost bets against energy stocks as prices fall

Barclays analyst Theresa Chen maintained a Buy rating on Targa Resources (TRGP – Research Report) today and set a price target of $171.00. The comp...

Targa Resources (TRGP) Receives a Rating Update from a Top Analyst

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Management

Press Releases

Targa Resources Corp. Announces Organizational Changes

Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2024 Earnings Webcast

Commodities

Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region

Targa Resources Corp. Reports Record Second Quarter 2024 Results and Increases Full Year 2024 Outlook

Targa Resources Corp. Prices $1.0 Billion Offering of Senior Notes

Targa Resources Corp. to Participate in Citi One-on-One Midstream and New Energy Infrastructure Conference

Targa Resources Corp. to Participate in Barclays CEO Energy & Power Conference

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

Targa Resources Corp. Releases Sustainability Report

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EnLink Midstream, LLC Common Units representing Limited Partner Interests

EnLink Midstream

Enterprise Products Partners L.P. Common Stock

Enterprise Prods Partners

Energy Transfer

Frontline

Golar LNG

Hafnia

Hess Midstream

International Seaways

Kinder Morgan

Kinetik Holdings Inc. Class A Common Stock

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MPLX LP Common Units Representing Limited Partner Interests

New Fortress Energy Inc. - Class A Common Stock

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ONEOK

Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests

Plains All American

Plains GP Holdings, L.P. - Class A Shares representing limited partner interests

Plains GP Holdings

Scorpio Tankers

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas

TORM

Ultrapar Participacoes S.A. (New) American Depositary Shares (Each representing one Common Share)

Ultrapar Participacoes

Western Midstream Partners, LP Common Units Representing Limited Partner Interests

Western Midstream

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Targa Resources

Vendite allo scoperto

Targa Resources (NYSE:TRGP) Azioni, Report sulle vendite allo scoperto

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BENZINGA NEL MONDO