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Targa Resources Extends Receivables Agreement to 2026

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Targa Resources Extends Receivables Agreement to 2026

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

On July 28, 2025, Targa Resources Partners LP and Targa Receivables LLC, subsidiaries of Targa Resources Corp., executed a Sixteenth Amendment to their Receivables Purchase Agreement, extending the termination date of their accounts receivable securitization facility to August 31, 2026. This amendment reflects the company’s ongoing efforts to manage its financial operations effectively, maintaining approximately $600 million in trade receivable purchases outstanding, and highlights its continued collaboration with financial institutions for investment banking and commercial services.

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.

The most significant factors influencing Targa Resources’ overall stock score are its strong financial performance and a positive outlook from the recent earnings call. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock may be overvalued. These mixed insights result in a moderate overall score.

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

More about Targa Resources

Targa Resources Corp. operates in the energy sector, primarily focusing on the gathering, processing, and transportation of natural gas and natural gas liquids. The company is known for its extensive network of midstream assets and services, catering to a diverse range of clients in the energy industry.

Average Trading Volume: 1,881,243

Technical Sentiment Signal: Buy

Current Market Cap: $35.92B

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

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