Targa Resources ( (TRGP) ) has shared an update.
Targa Resources reported a record first quarter 2025 adjusted EBITDA of $1.2 billion, marking a 22% increase from the previous year, despite a slight decrease in net income. The company declared a 33% increase in its annual dividend and repurchased $214 million in common shares. Targa’s operations were impacted by winter weather, affecting volumes in its Gathering and Processing and Logistics and Transportation systems. However, the company anticipates significant growth in the second half of 2025, with ongoing construction projects expected to enhance capacity and performance.
Spark’s Take on TRGP Stock
According to Spark, TipRanks’ AI Analyst, TRGP is a Neutral.
Targa Resources demonstrates strong financial performance with robust cash flows and positive earnings call sentiments. However, high leverage and valuation concerns weigh on the score. The strategic corporate event supports growth, but technical indicators suggest caution in the short term.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. operates in the midstream energy sector, focusing on gathering, processing, storing, and transporting natural gas and natural gas liquids (NGLs). The company is a key player in the Permian Basin, a significant area for energy production in the United States.
YTD Price Performance: -3.36%
Average Trading Volume: 2,084,415
Technical Sentiment Signal: Sell
Current Market Cap: $37.19B
Find detailed analytics on TRGP stock on TipRanks’ Stock Analysis page.