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Targa Resources ( (TRGP) ) has shared an announcement.
Targa Resources Corp. reported record financial results for the fourth quarter and full year 2024, with significant increases in adjusted EBITDA and volumes across its Permian assets. The company announced several growth initiatives, including new plants and expansions in the Delaware and Mont Belvieu areas, and a refinancing move expected to reduce costs. Looking forward to 2025, Targa forecasts further growth in volumes and adjusted EBITDA, alongside increased capital expenditures to support infrastructure expansion, with plans to raise its dividend and continue share repurchases.
More about Targa Resources
Targa Resources Corp. operates in the oil and gas industry, focusing on gathering, processing, and transporting natural gas and natural gas liquids (NGLs). The company’s operations are primarily centered in the Permian Basin, and it has a significant presence in NGL transportation, fractionation, and LPG export markets.
YTD Price Performance: 18.24%
Average Trading Volume: 1,611,670
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $45.67B
For detailed information about TRGP stock, go to TipRanks’ Stock Analysis page.
