Targa Resources ( (TRGP) ) has provided an announcement.
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Targa Resources Corp. reported a record third quarter 2024 with a net income of $387.4 million and adjusted EBITDA of $1.07 billion, reflecting significant growth from the previous year. The company has completed several infrastructure projects, including the Daytona NGL Pipeline, and plans further expansions in the Permian region. Targa announced an expected 33% increase in its 2025 common dividend, highlighting its strong financial outlook and commitment to returning value to shareholders. With robust liquidity and recent credit upgrades, Targa is well-positioned for continued growth and shareholder returns.
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