Targa Resources Completes $1.5 Billion Senior Notes Offering

An announcement from Targa Resources ( (TRGP) ) is now available.

On June 18, 2025, Targa Resources Corp. completed a public offering of $1.5 billion in senior notes, with $750 million due in 2030 and another $750 million due in 2036. The proceeds from this offering are intended to redeem existing notes due in 2027 and support general corporate purposes, impacting the company’s financial strategy and potentially benefiting stakeholders by improving debt management.

The most recent analyst rating on (TRGP) stock is a Hold with a $208.00 price target. To see the full list of analyst forecasts on Targa Resources stock, see the TRGP Stock Forecast page.

Spark’s Take on TRGP Stock

According to Spark, TipRanks’ AI Analyst, TRGP is a Outperform.

Targa Resources scores well due to strong earnings performance and cash flow, highlighted by robust growth in key metrics and shareholder returns. Technical indicators are mixed, but the company’s solid financial foundation and positive earnings call outlook drive confidence. Valuation metrics suggest some caution due to a high P/E ratio, but the overall financial health and strategic initiatives support a positive score.

To see Spark’s full report on TRGP stock, click here.

More about Targa Resources

Targa Resources Corp. operates in the energy sector, focusing on the gathering, processing, storage, and transportation of natural gas and natural gas liquids. The company provides essential midstream services to the oil and gas industry.

Average Trading Volume: 2,250,118

Technical Sentiment Signal: Strong Buy

Current Market Cap: $37.2B

Find detailed analytics on TRGP stock on TipRanks’ Stock Analysis page.