View ValuationTarga Resources 将来の成長Future 基準チェック /46Targa Resources利益と収益がそれぞれ年間9.5%と13.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に56.7% 11.5%なると予測されています。主要情報9.5%収益成長率11.54%EPS成長率Oil and Gas 収益成長7.6%収益成長率13.1%将来の株主資本利益率56.71%アナリストカバレッジGood最終更新日12 May 2026今後の成長に関する最新情報お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.お知らせ • Nov 03+ 1 more updateTarga Resources Corp. Provides Earnings Guidance for the Full Year 2023Targa Resources Corp. provided earnings guidance for the full year 2023. For the period, the company expects Net income attributable to Targa Resources Corp. $1,403.0 million.すべての更新を表示Recent updatesお知らせ • Apr 17+ 1 more updateTarga Resources Corp. Declares Dividend for the First Quarter of 2026, Payable on May 15, 2026Targa Resources Corp. announced that its board of directors has declared an increase to its quarterly cash dividend to $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25% increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026.お知らせ • Mar 27Targa Resources Corp., Annual General Meeting, May 21, 2026Targa Resources Corp., Annual General Meeting, May 21, 2026. Location: at 811 louisiana street, suite 2100, tx 77002, houston United StatesReported Earnings • Feb 20Full year 2025 earnings released: EPS: US$8.62 (vs US$5.77 in FY 2024)Full year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 19Targa Resources Corp. Provides Dividend Guidance for the First Quarter, Payable in May 2026 and Annual Common Dividend for the Fiscal Year 2026Targa Resources Corp. announced that the company's Board of Directors an annual common dividend per share of $5.00 in 2026, a 25% increase to 2025 For the first quarter of 2026, the company intend to recommend to Board of Directors an increase to quarterly common dividend to $1.25 per common share or $5.00 per common share annualized. The recommended 25% increase in common dividend per share, if approved, would be effective for the first quarter of 2026 and payable in May 2026. Going forward, The company expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of common stock.Declared Dividend • Jan 24Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 1.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jan 24Upcoming dividend of US$1.00 per shareEligible shareholders must have bought the stock before 30 January 2026. Payment date: 13 February 2026. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (15%).Declared Dividend • Jan 18Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 1.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 16+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend, Payable on February 13, 2026Targa Resources Corp. announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026.お知らせ • Jan 07Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. for $1.3 billion on December 1, 2025. Targa Resources Corp. will acquire Stakeholder Midstream, LLC for $1.3 billion in cash. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Ryan Maierson, James Garrett, Patrick Nevins, Joshua Marnitz, Jim Cole, Jason Cruise, Peter Todaro, David Della Rocca, Sandra Benjamin, Aaron Friberg, Robert Brown, Harrison White, James Robertson, Eric Leon and Benjamin Gelfand of Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Sarah McLean, Robert Jacobson, Britton Davis, Jonathan Konoff and Scott Thompson of Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. on January 6, 2026. The acquisition has an effective date of January 1, 2026.お知らせ • Dec 01Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion on December 1, 2025. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC.お知らせ • Nov 06+ 1 more updateTarga Resources Corp. Provides Dividend Guidance for the First Quarter and Full Year 2026Targa Resources Corp. provided dividend guidance for the first quarter and full year 2026. for the quarter, the company intends to recommend to Targa’s Board of Directors an increase to its common dividend to $1.25 per common share. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2026 and payable in May 2026. for the year, company intends to recommend to Targa’s Board of Directors dividend of $5.00 per common share.Declared Dividend • Oct 20Second quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 17+ 1 more updateTarga Resources Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2025, Payable on November 17, 2025Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025.Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold Mex$62m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly Mex$3,091 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$845m more than they bought in the last 12 months.お知らせ • Aug 07+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025Reported Earnings • May 02First quarter 2025 earnings released: EPS: US$0.92 (vs US$1.23 in 1Q 2024)First quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in South America.Declared Dividend • Apr 21Fourth quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 11Targa Resources Corp. to Report Q1, 2025 Results on May 01, 2025Targa Resources Corp. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 128% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (311% net debt to equity). Dividend is not well covered by cash flows (128% cash payout ratio). Significant insider selling over the past 3 months (Mex$501m sold).お知らせ • Mar 31Targa Resources Corp., Annual General Meeting, May 20, 2025Targa Resources Corp., Annual General Meeting, May 20, 2025. Location: 811 louisiana street, suite 2100, tx 77002, houston United StatesRecent Insider Transactions • Mar 07President of Logistics & Transportation recently sold Mex$141m worth of stockOn the 27th of February, D. Pryor sold around 35k shares on-market at roughly Mex$4,039 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$195m. Insiders have been net sellers, collectively disposing of Mex$923m more than they bought in the last 12 months.お知らせ • Feb 22+ 1 more updateTarga Resources Corp. Recommends Dividend Increase for the First Quarter of 2025, Payable in May 2025For the first quarter of 2025, Targa Resources Corp. intends to recommend to its Board of Directors an increase to its quarterly common dividend to $1.00 per common share or $4.00 per common share annualized. The recommended 33% common dividend per share increase, if approved, would be effective for the first quarter of 2025 and payable in May 2025. Going forward, Targa expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of its common stock.お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.Declared Dividend • Jan 20Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 1.0%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 49%. Cash payout ratio: 204%.お知らせ • Jan 17+ 2 more updatesTarga Resources Corp. to Report Q4, 2024 Results on Feb 20, 2025Targa Resources Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 35%After last week's 35% share price gain to Mex$3,970, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 6x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,467 per share.お知らせ • Oct 11+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend for the Third Quarter of 2024, Payable on November 15, 2024Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.Recent Insider Transactions • Aug 15President of Logistics & Transportation recently sold Mex$52m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly Mex$2,613 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$414m more than they bought in the last 12 months.お知らせ • Aug 01Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.Declared Dividend • Jul 21First quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (196% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 12+ 1 more updateTarga Resources Corp. to Report Q2, 2024 Results on Aug 01, 2024Targa Resources Corp. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Mex$2,399, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 5x in the Oil and Gas industry in South America. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,929 per share.Reported Earnings • May 03First quarter 2024 earnings released: EPS: US$1.24 (vs US$0.028 in 1Q 2023)First quarter 2024 results: EPS: US$1.24 (up from US$0.028 in 1Q 2023). Revenue: US$4.56b (flat on 1Q 2023). Net income: US$275.2m (up US$268.9m from 1Q 2023). Profit margin: 6.0% (up from 0.1% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 24Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Mexican dividend payers (6.5%). Lower than average of industry peers (15%).Board Change • Apr 24Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Robert Teague was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 12+ 1 more updateTarga Resources Corp. to Report Q1, 2024 Results on May 02, 2024Targa Resources Corp. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024お知らせ • Mar 22Targa Resources Corp., Annual General Meeting, May 16, 2024Targa Resources Corp., Annual General Meeting, May 16, 2024, at 08:00 Central Standard Time. Location: 811 Louisiana Street, Suite 2100 Houston Texas United States Agenda: To elect the three Class II Directors named in this proxy statement, each to serve until the 2027 annual meeting of stockholders; to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent auditors for 2024; to approve, on an advisory basis, the compensation of the Company’s named executive officers for the fiscal year ended December 31, 2023; and to transact such other business as may properly come before the Annual Meeting.お知らせ • Mar 15Targa Resources Corp. Appoints Caron A. Lawhorn as Class III Director and Member of Audit CommitteeTarga Resources Corp. announced that on March 11, 2024, the Board appointed Ms. Caron A. Lawhorn to serve on the Board. Ms. Lawhorn was designated as a Class III Director, with a term expiring at the Company’s 2025 annual meeting of stockholders. Ms. Lawhorn was also appointed as a member of the Board’s Audit Committee, effective March 11, 2024.お知らせ • Feb 29Targa Resources Corp. Announces Board ChangesRobert B. Evans, age 75, a member of the Board of Directors of Targa Resources Corp. retired as a director of the Company, effective February 26, 2024. Mr. Evans has served as a director of the Company since March 1, 2016. There are no disagreements between Mr. Evans and the Company on any matter relating to the Company’s operations, policies or practices. Mr. Evans was a member of the Board’s Audit Committee and Compensation Committee. On February 26, 2024, the Board appointed Mr. Robert Keith Teague to serve on the Board to fill the vacancy resulting from the resignation of Mr. Evans. Mr. Teague was designated as a Class I Director, with a term expiring at the Company’s 2026 annual meeting of stockholders. Mr. Teague was also appointed as a member of the Board’s Audit Committee and Compensation Committee, effective February 27, 2024.お知らせ • Jan 19+ 2 more updatesTarga Resources Corp. to Report Q4, 2023 Results on Feb 15, 2024Targa Resources Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 15, 2024お知らせ • Nov 03+ 1 more updateTarga Resources Corp. Provides Earnings Guidance for the Full Year 2023Targa Resources Corp. provided earnings guidance for the full year 2023. For the period, the company expects Net income attributable to Targa Resources Corp. $1,403.0 million.お知らせ • Oct 13+ 1 more updateTarga Resources Corp. to Report Q3, 2023 Results on Nov 02, 2023Targa Resources Corp. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023Upcoming Dividend • Jul 21Upcoming dividend of US$0.50 per share at 2.5% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (30%).お知らせ • Jul 14+ 1 more updateTarga Resources Corp. to Report Q2, 2023 Results on Aug 03, 2023Targa Resources Corp. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023お知らせ • May 05+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 48%After last week's 48% share price gain to Mex$1,350, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,590 per share.Recent Insider Transactions • Mar 03Executive VP recently sold Mex$45m worth of stockOn the 27th of February, Regina Gregory sold around 32k shares on-market at roughly Mex$1,386 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$205m more than they bought in the last 12 months.Reported Earnings • Feb 23Full year 2022 earnings released: EPS: US$3.96 (vs US$0.07 loss in FY 2021)Full year 2022 results: EPS: US$3.96 (up from US$0.07 loss in FY 2021). Revenue: US$20.9b (up 24% from FY 2021). Net income: US$896.8m (up US$912.9m from FY 2021). Profit margin: 4.3% (up from net loss in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in South America.お知らせ • Jan 20+ 1 more updateTarga Resources Corp. to Report Q4, 2022 Results on Feb 22, 2023Targa Resources Corp. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 22, 2023お知らせ • Jan 10Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX).Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion on January 3, 2023. Under the terms of the transaction, Targa Resources will acquire Blackstone Energy Partners’ 25% in Targa’s Grand Prix NGL Pipeline for $1.05 billion in cash plus customary working capital adjustments. On January 3, 2023, Targa announced an offering, and a portion of the net proceeds from this offering will be used to fund the transaction. Post the closing of the transaction, Targa will own 100% of Grand Prix. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2023 with an effective date of January 1, 2023. Truist Securities, Inc. is serving as Targa’s financial advisor. Benji Barron, Ryan Carney, Brian Russell and Darren Tucker of Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) on January 9, 2023. On January 9, 2023, Targa Resources Corp. completed the previously announced underwritten public offering (the “Offering”) of (i) $900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033 (the “2033 Notes”) and (ii) $850,000,000 in aggregate principal amount of the Company’s 6.500% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”). The Company used a portion of the net proceeds from the Offering to fund the acquisition.お知らせ • Jan 05Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion on January 3, 2023. Under the terms of the transaction, Targa Resources will acquire Blackstone Energy Partners’ 25% in Targa’s Grand Prix NGL Pipeline for $1.05 billion in cash plus customary working capital adjustments. On January 3, 2023, Targa announced an offering, and a portion of the net proceeds from this offering will be used to fund the transaction. Post the closing of the transaction, Targa will own 100% of Grand Prix. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2023 with an effective date of January 1, 2023. Truist Securities, Inc. is serving as Targa’s financial advisor. Benji Barron, Ryan Carney, Brian Russell and Darren Tucker of Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction.Recent Insider Transactions • Nov 16Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stockOn the 9th of November, Julie Boushka sold around 2k shares on-market at roughly Mex$1,387 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$400m more than they bought in the last 12 months.Recent Insider Transactions • Nov 12Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stockOn the 9th of November, Julie Boushka sold around 2k shares on-market at roughly Mex$1,387 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$400m more than they bought in the last 12 months.Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$0.85 (vs US$0.70 in 3Q 2021)Third quarter 2022 results: EPS: US$0.85 (up from US$0.70 in 3Q 2021). Revenue: US$5.36b (up 20% from 3Q 2021). Net income: US$193.1m (up 20% from 3Q 2021). Profit margin: 3.6% (in line with 3Q 2021). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% decline forecast for the Oil and Gas industry in South America.Upcoming Dividend • Oct 21Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 28 October 2022. Payment date: 15 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (28%).Recent Insider Transactions • Aug 12Executive VP recently sold Mex$8.7m worth of stockOn the 10th of August, Regina Gregory sold around 6k shares on-market at roughly Mex$1,346 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$29m. Insiders have been net sellers, collectively disposing of Mex$492m more than they bought in the last 12 months.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: US$1.63 (vs US$0.15 in 2Q 2021)Second quarter 2022 results: EPS: US$1.63 (up from US$0.15 in 2Q 2021). Revenue: US$6.06b (up 77% from 2Q 2021). Net income: US$372.7m (up US$338.3m from 2Q 2021). Profit margin: 6.2% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 32% growth forecast for the industry in Mexico.Upcoming Dividend • Jul 21Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 15 August 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (23%).業績と収益の成長予測BMV:TRGP * - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202824,2002,8183,0105,631712/31/202722,6352,4261,3005,144812/31/202620,2392,301-1194,60573/31/202616,5622,1202623,703N/A12/31/202517,0281,8415843,917N/A9/30/202517,3781,6156433,740N/A6/30/202517,0791,5244283,682N/A3/31/202516,3811,1956403,728N/A12/31/202416,3821,2706843,650N/A9/30/202416,2161,2313213,280N/A6/30/202416,2611,0654243,146N/A3/31/202416,1021,0953392,918N/A12/31/202316,0608288263,212N/A9/30/202316,3768686072,791N/A6/30/202317,8398448552,844N/A3/31/202320,4918901,1972,802N/A12/31/202220,9308971,0472,381N/A9/30/202221,8172441,3492,347N/A6/30/202220,9162111,6572,383N/A3/31/202218,276-1281,7582,371N/A12/31/202116,950-161,7982,303N/A9/30/202114,0813191,9782,448N/A6/30/202111,7371951,7752,309N/A3/31/20219,8442101,2661,972N/A12/31/20208,260-1,6857931,745N/A9/30/20208,161-1,8283201,567N/A6/30/20207,949-1,944-1661,576N/A3/31/20208,421-2,034-7411,535N/A12/31/20198,671-334N/A1,390N/A9/30/20198,795-327N/A1,148N/A6/30/20199,879-302N/A1,153N/A3/31/201910,328-182N/A1,097N/A12/31/201810,484-119N/A1,144N/A9/30/201810,589272N/A1,322N/A6/30/20189,735129N/A1,019N/A3/31/20189,15878N/A975N/A12/31/20178,815-63N/A940N/A9/30/20178,125-497N/A809N/A6/30/20177,645-339N/A844N/A3/31/20177,361-420N/A915N/A12/31/20166,691-278N/A837N/A9/30/20166,326-72N/A900N/A6/30/20166,306-19N/A1,008N/A3/31/20166,42149N/A1,005N/A12/31/20156,65958N/A1,035N/A9/30/20157,04457N/A938N/A6/30/20157,70075N/A822N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TRGP *の予測収益成長率 (年間9.5% ) は 貯蓄率 ( 9% ) を上回っています。収益対市場: TRGP *の収益 ( 9.5% ) はMX市場 ( 9.1% ) よりも速いペースで成長すると予測されています。高成長収益: TRGP *の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: TRGP *の収益 ( 13.1% ) MX市場 ( 6.2% ) よりも速いペースで成長すると予測されています。高い収益成長: TRGP *の収益 ( 13.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TRGP *の 自己資本利益率 は、3年後には非常に高くなると予測されています ( 56.7 %)。成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/12 15:07終値2026/02/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Targa Resources Corp. 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。33 アナリスト機関Ethan BellamyBairdRichard GrossBarclaysTheresa ChenBarclays30 その他のアナリストを表示
お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.
お知らせ • Nov 03+ 1 more updateTarga Resources Corp. Provides Earnings Guidance for the Full Year 2023Targa Resources Corp. provided earnings guidance for the full year 2023. For the period, the company expects Net income attributable to Targa Resources Corp. $1,403.0 million.
お知らせ • Apr 17+ 1 more updateTarga Resources Corp. Declares Dividend for the First Quarter of 2026, Payable on May 15, 2026Targa Resources Corp. announced that its board of directors has declared an increase to its quarterly cash dividend to $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25% increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026.
お知らせ • Mar 27Targa Resources Corp., Annual General Meeting, May 21, 2026Targa Resources Corp., Annual General Meeting, May 21, 2026. Location: at 811 louisiana street, suite 2100, tx 77002, houston United States
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: US$8.62 (vs US$5.77 in FY 2024)Full year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in South America. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 19Targa Resources Corp. Provides Dividend Guidance for the First Quarter, Payable in May 2026 and Annual Common Dividend for the Fiscal Year 2026Targa Resources Corp. announced that the company's Board of Directors an annual common dividend per share of $5.00 in 2026, a 25% increase to 2025 For the first quarter of 2026, the company intend to recommend to Board of Directors an increase to quarterly common dividend to $1.25 per common share or $5.00 per common share annualized. The recommended 25% increase in common dividend per share, if approved, would be effective for the first quarter of 2026 and payable in May 2026. Going forward, The company expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of common stock.
Declared Dividend • Jan 24Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 1.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jan 24Upcoming dividend of US$1.00 per shareEligible shareholders must have bought the stock before 30 January 2026. Payment date: 13 February 2026. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (15%).
Declared Dividend • Jan 18Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 1.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 16+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend, Payable on February 13, 2026Targa Resources Corp. announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026.
お知らせ • Jan 07Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. for $1.3 billion on December 1, 2025. Targa Resources Corp. will acquire Stakeholder Midstream, LLC for $1.3 billion in cash. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Ryan Maierson, James Garrett, Patrick Nevins, Joshua Marnitz, Jim Cole, Jason Cruise, Peter Todaro, David Della Rocca, Sandra Benjamin, Aaron Friberg, Robert Brown, Harrison White, James Robertson, Eric Leon and Benjamin Gelfand of Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Sarah McLean, Robert Jacobson, Britton Davis, Jonathan Konoff and Scott Thompson of Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. on January 6, 2026. The acquisition has an effective date of January 1, 2026.
お知らせ • Dec 01Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion on December 1, 2025. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC.
お知らせ • Nov 06+ 1 more updateTarga Resources Corp. Provides Dividend Guidance for the First Quarter and Full Year 2026Targa Resources Corp. provided dividend guidance for the first quarter and full year 2026. for the quarter, the company intends to recommend to Targa’s Board of Directors an increase to its common dividend to $1.25 per common share. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2026 and payable in May 2026. for the year, company intends to recommend to Targa’s Board of Directors dividend of $5.00 per common share.
Declared Dividend • Oct 20Second quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.0%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 17+ 1 more updateTarga Resources Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2025, Payable on November 17, 2025Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025.
Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold Mex$62m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly Mex$3,091 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$845m more than they bought in the last 12 months.
お知らせ • Aug 07+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.
お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025
Reported Earnings • May 02First quarter 2025 earnings released: EPS: US$0.92 (vs US$1.23 in 1Q 2024)First quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in South America.
Declared Dividend • Apr 21Fourth quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 11Targa Resources Corp. to Report Q1, 2025 Results on May 01, 2025Targa Resources Corp. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025
New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 128% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (311% net debt to equity). Dividend is not well covered by cash flows (128% cash payout ratio). Significant insider selling over the past 3 months (Mex$501m sold).
お知らせ • Mar 31Targa Resources Corp., Annual General Meeting, May 20, 2025Targa Resources Corp., Annual General Meeting, May 20, 2025. Location: 811 louisiana street, suite 2100, tx 77002, houston United States
Recent Insider Transactions • Mar 07President of Logistics & Transportation recently sold Mex$141m worth of stockOn the 27th of February, D. Pryor sold around 35k shares on-market at roughly Mex$4,039 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$195m. Insiders have been net sellers, collectively disposing of Mex$923m more than they bought in the last 12 months.
お知らせ • Feb 22+ 1 more updateTarga Resources Corp. Recommends Dividend Increase for the First Quarter of 2025, Payable in May 2025For the first quarter of 2025, Targa Resources Corp. intends to recommend to its Board of Directors an increase to its quarterly common dividend to $1.00 per common share or $4.00 per common share annualized. The recommended 33% common dividend per share increase, if approved, would be effective for the first quarter of 2025 and payable in May 2025. Going forward, Targa expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of its common stock.
お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.
Declared Dividend • Jan 20Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 1.0%, which is lower than the industry average of 6.4%. Payout Ratios Payout ratio: 49%. Cash payout ratio: 204%.
お知らせ • Jan 17+ 2 more updatesTarga Resources Corp. to Report Q4, 2024 Results on Feb 20, 2025Targa Resources Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improves as stock rises 35%After last week's 35% share price gain to Mex$3,970, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 6x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,467 per share.
お知らせ • Oct 11+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend for the Third Quarter of 2024, Payable on November 15, 2024Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.
Recent Insider Transactions • Aug 15President of Logistics & Transportation recently sold Mex$52m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly Mex$2,613 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$414m more than they bought in the last 12 months.
お知らせ • Aug 01Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.
Declared Dividend • Jul 21First quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (196% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 12+ 1 more updateTarga Resources Corp. to Report Q2, 2024 Results on Aug 01, 2024Targa Resources Corp. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Mex$2,399, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 5x in the Oil and Gas industry in South America. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,929 per share.
Reported Earnings • May 03First quarter 2024 earnings released: EPS: US$1.24 (vs US$0.028 in 1Q 2023)First quarter 2024 results: EPS: US$1.24 (up from US$0.028 in 1Q 2023). Revenue: US$4.56b (flat on 1Q 2023). Net income: US$275.2m (up US$268.9m from 1Q 2023). Profit margin: 6.0% (up from 0.1% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 24Upcoming dividend of US$0.75 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Mexican dividend payers (6.5%). Lower than average of industry peers (15%).
Board Change • Apr 24Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Robert Teague was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 12+ 1 more updateTarga Resources Corp. to Report Q1, 2024 Results on May 02, 2024Targa Resources Corp. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024
お知らせ • Mar 22Targa Resources Corp., Annual General Meeting, May 16, 2024Targa Resources Corp., Annual General Meeting, May 16, 2024, at 08:00 Central Standard Time. Location: 811 Louisiana Street, Suite 2100 Houston Texas United States Agenda: To elect the three Class II Directors named in this proxy statement, each to serve until the 2027 annual meeting of stockholders; to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent auditors for 2024; to approve, on an advisory basis, the compensation of the Company’s named executive officers for the fiscal year ended December 31, 2023; and to transact such other business as may properly come before the Annual Meeting.
お知らせ • Mar 15Targa Resources Corp. Appoints Caron A. Lawhorn as Class III Director and Member of Audit CommitteeTarga Resources Corp. announced that on March 11, 2024, the Board appointed Ms. Caron A. Lawhorn to serve on the Board. Ms. Lawhorn was designated as a Class III Director, with a term expiring at the Company’s 2025 annual meeting of stockholders. Ms. Lawhorn was also appointed as a member of the Board’s Audit Committee, effective March 11, 2024.
お知らせ • Feb 29Targa Resources Corp. Announces Board ChangesRobert B. Evans, age 75, a member of the Board of Directors of Targa Resources Corp. retired as a director of the Company, effective February 26, 2024. Mr. Evans has served as a director of the Company since March 1, 2016. There are no disagreements between Mr. Evans and the Company on any matter relating to the Company’s operations, policies or practices. Mr. Evans was a member of the Board’s Audit Committee and Compensation Committee. On February 26, 2024, the Board appointed Mr. Robert Keith Teague to serve on the Board to fill the vacancy resulting from the resignation of Mr. Evans. Mr. Teague was designated as a Class I Director, with a term expiring at the Company’s 2026 annual meeting of stockholders. Mr. Teague was also appointed as a member of the Board’s Audit Committee and Compensation Committee, effective February 27, 2024.
お知らせ • Jan 19+ 2 more updatesTarga Resources Corp. to Report Q4, 2023 Results on Feb 15, 2024Targa Resources Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 15, 2024
お知らせ • Nov 03+ 1 more updateTarga Resources Corp. Provides Earnings Guidance for the Full Year 2023Targa Resources Corp. provided earnings guidance for the full year 2023. For the period, the company expects Net income attributable to Targa Resources Corp. $1,403.0 million.
お知らせ • Oct 13+ 1 more updateTarga Resources Corp. to Report Q3, 2023 Results on Nov 02, 2023Targa Resources Corp. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023
Upcoming Dividend • Jul 21Upcoming dividend of US$0.50 per share at 2.5% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (30%).
お知らせ • Jul 14+ 1 more updateTarga Resources Corp. to Report Q2, 2023 Results on Aug 03, 2023Targa Resources Corp. announced that they will report Q2, 2023 results Pre-Market on Aug 03, 2023
お知らせ • May 05+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improves as stock rises 48%After last week's 48% share price gain to Mex$1,350, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Oil and Gas industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,590 per share.
Recent Insider Transactions • Mar 03Executive VP recently sold Mex$45m worth of stockOn the 27th of February, Regina Gregory sold around 32k shares on-market at roughly Mex$1,386 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$205m more than they bought in the last 12 months.
Reported Earnings • Feb 23Full year 2022 earnings released: EPS: US$3.96 (vs US$0.07 loss in FY 2021)Full year 2022 results: EPS: US$3.96 (up from US$0.07 loss in FY 2021). Revenue: US$20.9b (up 24% from FY 2021). Net income: US$896.8m (up US$912.9m from FY 2021). Profit margin: 4.3% (up from net loss in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% decline forecast for the Oil and Gas industry in South America.
お知らせ • Jan 20+ 1 more updateTarga Resources Corp. to Report Q4, 2022 Results on Feb 22, 2023Targa Resources Corp. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 22, 2023
お知らせ • Jan 10Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX).Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion on January 3, 2023. Under the terms of the transaction, Targa Resources will acquire Blackstone Energy Partners’ 25% in Targa’s Grand Prix NGL Pipeline for $1.05 billion in cash plus customary working capital adjustments. On January 3, 2023, Targa announced an offering, and a portion of the net proceeds from this offering will be used to fund the transaction. Post the closing of the transaction, Targa will own 100% of Grand Prix. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2023 with an effective date of January 1, 2023. Truist Securities, Inc. is serving as Targa’s financial advisor. Benji Barron, Ryan Carney, Brian Russell and Darren Tucker of Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) on January 9, 2023. On January 9, 2023, Targa Resources Corp. completed the previously announced underwritten public offering (the “Offering”) of (i) $900,000,000 in aggregate principal amount of the Company’s 6.125% Senior Notes due 2033 (the “2033 Notes”) and (ii) $850,000,000 in aggregate principal amount of the Company’s 6.500% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”). The Company used a portion of the net proceeds from the Offering to fund the acquisition.
お知らせ • Jan 05Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion on January 3, 2023. Under the terms of the transaction, Targa Resources will acquire Blackstone Energy Partners’ 25% in Targa’s Grand Prix NGL Pipeline for $1.05 billion in cash plus customary working capital adjustments. On January 3, 2023, Targa announced an offering, and a portion of the net proceeds from this offering will be used to fund the transaction. Post the closing of the transaction, Targa will own 100% of Grand Prix. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of 2023 with an effective date of January 1, 2023. Truist Securities, Inc. is serving as Targa’s financial advisor. Benji Barron, Ryan Carney, Brian Russell and Darren Tucker of Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction.
Recent Insider Transactions • Nov 16Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stockOn the 9th of November, Julie Boushka sold around 2k shares on-market at roughly Mex$1,387 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$400m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 12Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stockOn the 9th of November, Julie Boushka sold around 2k shares on-market at roughly Mex$1,387 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$400m more than they bought in the last 12 months.
Reported Earnings • Nov 04Third quarter 2022 earnings released: EPS: US$0.85 (vs US$0.70 in 3Q 2021)Third quarter 2022 results: EPS: US$0.85 (up from US$0.70 in 3Q 2021). Revenue: US$5.36b (up 20% from 3Q 2021). Net income: US$193.1m (up 20% from 3Q 2021). Profit margin: 3.6% (in line with 3Q 2021). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% decline forecast for the Oil and Gas industry in South America.
Upcoming Dividend • Oct 21Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 28 October 2022. Payment date: 15 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.1%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (28%).
Recent Insider Transactions • Aug 12Executive VP recently sold Mex$8.7m worth of stockOn the 10th of August, Regina Gregory sold around 6k shares on-market at roughly Mex$1,346 per share. In the last 3 months, there was an even bigger sale from another insider worth Mex$29m. Insiders have been net sellers, collectively disposing of Mex$492m more than they bought in the last 12 months.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: US$1.63 (vs US$0.15 in 2Q 2021)Second quarter 2022 results: EPS: US$1.63 (up from US$0.15 in 2Q 2021). Revenue: US$6.06b (up 77% from 2Q 2021). Net income: US$372.7m (up US$338.3m from 2Q 2021). Profit margin: 6.2% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 32% growth forecast for the industry in Mexico.
Upcoming Dividend • Jul 21Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 15 August 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (23%).