Top Executive Makes Major Move with Targa Resources Stock!

New insider activity at Targa Resources ( (TRGP) ) has taken place on August 19, 2025.

D. Scott Pryor, the President of Logistics and Transportation at Targa Resources, has recently sold 20,000 shares of the company’s stock. This transaction was valued at a substantial $3,307,000, highlighting a significant financial move within the company.

Recent Updates on TRGP stock

Targa Resources Corp. recently held its Q2 earnings call, reporting a significant increase in net income to $629.1 million and an 18% rise in adjusted EBITDA driven by record transportation volumes in the Permian Basin and NGL sectors. Despite challenges such as commodity price volatility and increased competition in the Delaware Basin, the company’s strong financial health and operational efficiency were highlighted. Targa completed a $1.5 billion debt offering and announced a new $1 billion share repurchase program, reflecting its commitment to shareholder returns. Analysts have adjusted price targets due to Targa’s robust financial performance, including its ability to manage planned operational disruptions and its strategic positioning for future growth. The company’s forward-looking guidance remains optimistic, supported by ongoing expansions and strong volume trends in the Permian Basin.

Spark’s Take on TRGP Stock

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

Targa Resources’ overall stock score reflects strong financial performance and positive earnings call sentiment, tempered by high leverage and mixed technical indicators. The company’s strategic initiatives, including share buybacks and debt offerings, bolster its financial positioning, but careful management of debt and cash flow is essential for sustained growth.

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

More about Targa Resources

YTD Price Performance: -8.39%

Average Trading Volume: 1,681,066

Technical Sentiment Signal: Buy

Current Market Cap: $35.12B