View Financial HealthTarga Resources 배당 및 자사주 매입배당 기준 점검 3/6Targa Resources 수익으로 충분히 충당되는 현재 수익률 1.98% 보유한 배당금 지급 회사입니다. 다음 지급일은 15th May, 2026 이며 배당락일은 다음과 같습니다. 30th April, 2026.핵심 정보2.0%배당 수익률1.3%자사주 매입 수익률총 주주 수익률3.3%미래 배당 수익률2.7%배당 성장률-5.1%다음 배당 지급일15 May 26배당락일30 Apr 26주당 배당금n/a배당 성향30%최근 배당 및 자사주 매입 업데이트Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • 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.공지 • 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 19Third 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 2.2%, which is lower than the industry average of 4.5%. 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.공지 • 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.공지 • 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.모든 업데이트 보기Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.실시간 뉴스 • May 05Targa Resources Sets New Permian Gas Records Plans Higher Dividend and Major ExpansionTarga Resources reported record Permian Basin natural gas volumes and strong EBITDA, supported by primarily fee-based cash flows with limited commodity price exposure. The company plans to lift its quarterly dividend by 25% to an annualized US$1.25 for Q1 2026 and increase 2026 capital spending to support eight new processing plants and Speedway system upgrades. Management outlined multiple processing and export projects through 2027, while several large banks maintained buy ratings and raised price targets, and major passive investors such as Vanguard held significant positions. For you as an investor, the key takeaway is that Targa is leaning into its role as an integrated midstream operator in the Permian, with record gas volumes and an 11% Permian volume increase projected for 2025 supporting its outlook. The emphasis on fee-based contracts suggests a business model that is less tied to commodity price swings, which can matter if you are focused on cash flow visibility rather than direct exposure to gas or NGL prices. The planned 25% dividend increase and higher 2026 capital budget indicate management’s view of future cash generation from new plants and export-related projects. Large-bank research coverage and substantial passive ownership show that Targa is closely followed and widely held, which can influence liquidity and market attention. If you follow midstream stocks, the current story at Targa centers on execution of its expansion program and how efficiently those projects translate into EBITDA and distributable cash flow over the next several years.내러티브 업데이트 • Apr 23TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have nudged the fair value estimate for Targa Resources higher, lifting the implied price target by about $4 to $264. This move is supported by a series of recent target increases that reflect updated growth projects, higher long term multiples and refined EBITDA forecasts across the Street.Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Apr 19Targa Resources: Growth Supports A Dividend Hike With More To ComeSummary Targa Resources has outperformed, gaining 38% since November, driven by a differentiated growth profile and robust cash flow. TRGP increased its dividend by 25% to $1.25, with expectations for continued rapid dividend growth as major projects come online. 90% of TRGP’s cash flow is now fee-based, supporting a more resilient model and improved dividend sustainability amid a strong balance sheet. I maintain a buy rating with a $265 price target, citing TRGP’s prime Permian position, export strategy, and compelling medium-term growth outlook. Read the full article on Seeking Alpha공지 • 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.내러티브 업데이트 • Apr 09TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have raised the Targa Resources price target by about $6 to reflect updated views on revenue, profit margins and future P/E, supported by a series of recent target increases across major research firms. Analyst Commentary Recent research updates cluster around higher price targets and largely constructive views on Targa Resources, but they also flag execution and capital allocation questions that matter if you are focused on risk and return balance.공지 • 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 States내러티브 업데이트 • Mar 26TRGP: Permian Expansion And Elevated 2026 Capex Will Support Dividend GrowthThe analyst price target for Targa Resources has been updated from $244.40 to $253.67. Analysts cite higher forecast profit margins, increased growth capex plans through 2026 and beyond, and updated models following recent Q4 results as key drivers of their revised views.내러티브 업데이트 • Mar 11TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend ExpansionThe analyst price target for Targa Resources in our model has increased by about $13.75 to $244.40, as analysts factor in stronger revenue growth assumptions, updated profit margin expectations, and higher valuation multiples following a series of upward target revisions across the Street. Analyst Commentary Recent research updates show a clear tilt toward higher valuation frameworks for Targa Resources, with multiple firms lifting their price targets following the latest Q4 report, updated capital plans, and revised margin assumptions.Recent Insider Transactions Derivative • Mar 03President of Gathering & Processing notifies of intention to sell stockPatrick McDonie intends to sell 32k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$239, it would amount to US$7.5m. Since March 2025, Patrick's direct individual holding has increased from 280.32k shares to 336.70k. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 26President recently sold US$6.8m worth of stockOn the 24th of February, Jennifer Kneale sold around 30k shares on-market at roughly US$230 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. This was Jennifer's only on-market trade for the last 12 months.내러티브 업데이트 • Feb 24TRGP: Permian Buildout And Dividend Plan Will Support Balanced Future Cash ReturnsThe analyst fair value estimate for Targa Resources has moved from $212.40 to $230.65. Analysts attribute this change to updated models after Q4 results, stronger medium- to long-term growth assumptions including three Permian processing plants per year, and recent Street price target increases into the $220 to $243 range.Price Target Changed • Feb 23Price target increased by 8.2% to US$231Up from US$213, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of US$232. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$10.00 for next year compared to US$8.52 last year.Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull 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 missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. 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 45% per year, which means it is tracking significantly ahead of earnings growth.공지 • 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.분석 기사 • Feb 12Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With InvestorsThe Targa Resources Corp. ( NYSE:TRGP ) share price has done very well over the last month, posting an excellent gain...내러티브 업데이트 • Feb 09TRGP: Permian Volumes And Diversification Will Underpin Balanced Future Cash ReturnsNarrative Update on Targa Resources The updated analyst price target for Targa Resources edges higher to about US$212.40. Analysts point to recent target revisions, slight tweaks to growth, margins and discount rate assumptions, and ongoing confidence in the company’s diversified, multi segment footprint as key drivers of the change.내러티브 업데이트 • Jan 25TRGP: Permian Volumes And Diversification Will Support Measured Future Cash ReturnsNarrative Update: Targa Resources Analyst Price Target Shift The analyst price target for Targa Resources has moved higher to US$212.05, with analysts pointing to refined assumptions around revenue growth, profit margins and future P/E, alongside recent research highlighting Q3 outperformance, diversified midstream exposure and solid Permian volume trends as key supports for the updated view. Analyst Commentary Recent research on Targa Resources highlights a mix of optimism around execution and growth, alongside some caution on macro sensitivity and the midstream sector reset in price targets.Declared Dividend • Jan 19Third 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 2.2%, which is lower than the industry average of 4.5%. 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.공지 • 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.내러티브 업데이트 • Jan 11TRGP: Permian Volume Momentum And Diversification Will Support Future Cash ReturnsAnalysts have trimmed their average price targets on Targa Resources by about US$1 per share, reflecting modest adjustments to growth and discount rate assumptions, while still highlighting Q3 outperformance, diversified operations and Permian volume momentum as key supports for the valuation. Analyst Commentary Street research on Targa Resources reflects small downward moves in price targets, but commentary still leans constructive on execution, earnings quality and asset positioning.공지 • 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.내러티브 업데이트 • Dec 26TRGP: Expanding Permian Volumes Will Drive Future Cash Returns And BuybacksThe analyst price target for Targa Resources has been lifted modestly, from approximately $208.90 to $209.40, as analysts point to resilient Q3 results, diversified midstream exposure, and stronger than expected Permian growth prospects despite slightly lower Street price objectives. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Q3 results exceeded expectations, reinforcing confidence in management execution and supporting a premium valuation multiple versus the midstream peer group.내러티브 업데이트 • Dec 11TRGP: Expanded Permian Volumes Will Support Future Cash Returns And BuybacksAnalysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.공지 • 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.내러티브 업데이트 • Nov 27TRGP: Expanding Permian Volumes Will Drive Profitability Amid Market UncertaintyAnalysts have modestly raised their fair value estimate for Targa Resources to $208.00. They cite the company's solid profit margins and commercial growth prospects, even though there have been broad reductions in sector price targets.Recent Insider Transactions • Nov 19President of Logistics & Transportation recently sold US$3.4m worth of stockOn the 14th of November, D. Pryor sold around 20k shares on-market at roughly US$172 per share. This transaction amounted to 27% 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 US$34m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 16President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$172, it would amount to US$3.4m. Since March 2025, Pryor's direct individual holding has decreased from 82.14k shares to 75.56k. Company insiders have collectively sold US$31m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.공지 • 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 2.5%, which is lower than the industry average of 4.5%. 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.공지 • 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.내러티브 업데이트 • Sep 20Permian And Export Developments Will Drive Long-Term SuccessDespite Targa Resources' resilient Permian volumes, robust cash flow prospects, and investor focus on capital returns, analysts modestly lowered price targets—now $205.30—citing sector-wide valuation concerns and near-term growth already reflected in the stock after a significant rally. Analyst Commentary Bullish analysts cite Targa's strong positioning for natural gas, LNG, and natural gas liquid infrastructure expansion, underpinned by robust global power demand and high-quality asset selection.내러티브 업데이트 • Aug 29Permian And Export Developments Will Drive Long-Term SuccessAnalysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold US$3.3m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly US$165 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 US$42m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 17President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of August. If the sale is conducted around the recent share price of US$165, it would amount to US$3.3m. Since December 2024, Pryor's direct individual holding has decreased from 124.81k shares to 95.56k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공지 • 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.분석 기사 • Aug 03These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Jul 18Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The MarkWith a price-to-earnings (or "P/E") ratio of 30.2x Targa Resources Corp. ( NYSE:TRGP ) may be sending very bearish...Declared Dividend • Jul 14First quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (136% 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 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • 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, 2025분석 기사 • May 29Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?Key Insights Targa Resources' estimated fair value is US$286 based on 2 Stage Free Cash Flow to Equity Targa Resources...Recent Insider Transactions • May 13President of Logistics & Transportation recently sold US$3.2m worth of stockOn the 8th of May, D. Pryor sold around 20k shares on-market at roughly US$162 per share. This transaction amounted to 17% 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 US$9.5m. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 09President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$162, it would amount to US$3.2m. Since June 2024, Pryor's direct individual holding has decreased from 177.93k shares to 82.14k. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 14Fourth 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 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • 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, 2025Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$161, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$258 per share.공지 • 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 StatesSeeking Alpha • Mar 21Targa Resources May Still Interest Growth InvestorsSummary Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa’s stock price is up over 50% in less than a year, but the company has good growth projects underway. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to US$178. The fair value is estimated to be US$224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Recent Insider Transactions Derivative • Mar 09Chairman of the Board notifies of intention to sell stockPaul Chung intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.3m. Since March 2024, Paul's direct individual holding has decreased from 546.42k shares to 521.29k. Company insiders have collectively sold US$47m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 27CEO & Director recently sold US$9.5m worth of stockOn the 25th of February, Matthew Meloy sold around 49k shares on-market at roughly US$195 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Feb 26CEO & Director notifies of intention to sell stockMatthew Meloy intends to sell 49k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of February. If the sale is conducted around the recent share price of US$195, it would amount to US$9.5m. For the year to December 2018, Matthew's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Matthew's direct individual holding has increased from 530.15k shares to 774.47k. Company insiders have collectively sold US$23m more than they bought, via options and on-market transactions in the last 12 months.공지 • 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.Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$5.86 (vs US$3.69 in FY 2023)Full year 2024 results: EPS: US$5.86 (up from US$3.69 in FY 2023). Revenue: US$16.4b (up 2.0% from FY 2023). Net income: US$1.28b (up 54% from FY 2023). Profit margin: 7.8% (up from 5.2% in FY 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.공지 • 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.Seeking Alpha • Feb 06Targa Resources: From Commodity Exposure To Fee-Based StabilitySummary Over the past decade, Targa has transformed into a fee-based midstream operator. The company’s growth is driven by expanding assets in the Permian Basin, increasing processing capacity, and enhancing infrastructure. Despite its focus on fee-based revenue, strong cash flow, and capital allocation, I have some concerns about its high reinvestment rate, high debt-capital ratio, and low cash position. TRGP is well-positioned for long-term stability and growth. However, my valuation showed that there is no margin of safety at the current market price. Read the full article on Seeking AlphaDeclared 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 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • 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, 2025Recent Insider Transactions Derivative • Nov 18Senior VP & Chief Accounting Officer notifies of intention to sell stockJulie Boushka intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$191, it would amount to US$1.9m. Since March 2024, Julie's direct individual holding has decreased from 59.92k shares to 35.14k. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 13President of Logistics & Transportation recently sold US$5.7m worth of stockOn the 8th of November, D. Pryor sold around 30k shares on-market at roughly US$190 per share. This transaction amounted to 19% 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 US$34m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 11President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$190, it would amount to US$5.7m. Since March 2024, Pryor's direct individual holding has increased from 156.10k shares to 157.93k. Company insiders have collectively sold US$27m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Nov 11Targa Resources: Assuming The Past Never Happens AgainSummary Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance. TRGP's rapid dividend growth, recently increased to $4 from $3, highlights its aggressive strategy, making it atypical for midstream investments. The time to invest in a company like this is when it is out of favor. Read the full article on Seeking AlphaPrice Target Changed • Nov 08Price target increased by 7.2% to US$179Up from US$167, the current price target is an average from 21 analysts. New target price is 6.9% below last closing price of US$192. Stock is up 127% over the past year. The company is forecast to post earnings per share of US$6.08 for next year compared to US$3.69 last year.Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: US$1.77 (vs US$0.97 in 3Q 2023)Third quarter 2024 results: EPS: US$1.77 (up from US$0.97 in 3Q 2023). Revenue: US$3.85b (down 1.1% from 3Q 2023). Net income: US$387.4m (up 78% from 3Q 2023). Profit margin: 10% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Declared Dividend • Oct 14Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (155% 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 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • 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.Buy Or Sell Opportunity • Sep 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$147. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions Derivative • Aug 16Independent Director notifies of intention to sell stockJoe Perkins intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$139, it would amount to US$2.9m. Since March 2024, Joe has owned 350.59k shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$143. The fair value is estimated to be US$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions • Aug 14President of Logistics & Transportation recently sold US$2.8m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly US$138 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 US$23m more than they bought in the last 12 months.Seeking Alpha • Aug 06Targa Resources: Large Growth Potential With High Capex SpendingSummary Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share. Read the full article on Seeking AlphaReported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.34 (down from US$1.44 in 2Q 2023). Revenue: US$3.56b (up 4.7% from 2Q 2023). Net income: US$298.5m (down 8.4% from 2Q 2023). Profit margin: 8.4% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.공지 • 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 15First 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 1.9%, which is lower than the industry average of 4.5%. 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 3.5% 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.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: TRGP 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: TRGP 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Targa Resources 배당 수익률 vs 시장TRGP의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (TRGP)2.0%시장 하위 25% (US)1.4%시장 상위 25% (US)4.2%업계 평균 (Oil and Gas)3.4%분석가 예측 (TRGP) (최대 3년)2.7%주목할만한 배당금: TRGP 의 배당금( 1.98% )은 US 시장에서 배당금 지급자의 하위 25%( 1.41% )보다 높습니다.고배당: TRGP 의 배당금( 1.98% )은 US 시장에서 배당금 지급자의 상위 25%( 4.23% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 30.4% )로 TRGP 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 183.9% )이 높기 때문에 TRGP 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 15:36종가2026/05/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Targa Resources Corp.는 33명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ethan BellamyBairdRichard GrossBarclaysTheresa ChenBarclays30명의 분석가 더 보기
Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • 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.
공지 • 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 19Third 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 2.2%, which is lower than the industry average of 4.5%. 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.
공지 • 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.
공지 • 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.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
실시간 뉴스 • May 05Targa Resources Sets New Permian Gas Records Plans Higher Dividend and Major ExpansionTarga Resources reported record Permian Basin natural gas volumes and strong EBITDA, supported by primarily fee-based cash flows with limited commodity price exposure. The company plans to lift its quarterly dividend by 25% to an annualized US$1.25 for Q1 2026 and increase 2026 capital spending to support eight new processing plants and Speedway system upgrades. Management outlined multiple processing and export projects through 2027, while several large banks maintained buy ratings and raised price targets, and major passive investors such as Vanguard held significant positions. For you as an investor, the key takeaway is that Targa is leaning into its role as an integrated midstream operator in the Permian, with record gas volumes and an 11% Permian volume increase projected for 2025 supporting its outlook. The emphasis on fee-based contracts suggests a business model that is less tied to commodity price swings, which can matter if you are focused on cash flow visibility rather than direct exposure to gas or NGL prices. The planned 25% dividend increase and higher 2026 capital budget indicate management’s view of future cash generation from new plants and export-related projects. Large-bank research coverage and substantial passive ownership show that Targa is closely followed and widely held, which can influence liquidity and market attention. If you follow midstream stocks, the current story at Targa centers on execution of its expansion program and how efficiently those projects translate into EBITDA and distributable cash flow over the next several years.
내러티브 업데이트 • Apr 23TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have nudged the fair value estimate for Targa Resources higher, lifting the implied price target by about $4 to $264. This move is supported by a series of recent target increases that reflect updated growth projects, higher long term multiples and refined EBITDA forecasts across the Street.
Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Apr 19Targa Resources: Growth Supports A Dividend Hike With More To ComeSummary Targa Resources has outperformed, gaining 38% since November, driven by a differentiated growth profile and robust cash flow. TRGP increased its dividend by 25% to $1.25, with expectations for continued rapid dividend growth as major projects come online. 90% of TRGP’s cash flow is now fee-based, supporting a more resilient model and improved dividend sustainability amid a strong balance sheet. I maintain a buy rating with a $265 price target, citing TRGP’s prime Permian position, export strategy, and compelling medium-term growth outlook. Read the full article on Seeking Alpha
공지 • 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.
내러티브 업데이트 • Apr 09TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have raised the Targa Resources price target by about $6 to reflect updated views on revenue, profit margins and future P/E, supported by a series of recent target increases across major research firms. Analyst Commentary Recent research updates cluster around higher price targets and largely constructive views on Targa Resources, but they also flag execution and capital allocation questions that matter if you are focused on risk and return balance.
공지 • 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
내러티브 업데이트 • Mar 26TRGP: Permian Expansion And Elevated 2026 Capex Will Support Dividend GrowthThe analyst price target for Targa Resources has been updated from $244.40 to $253.67. Analysts cite higher forecast profit margins, increased growth capex plans through 2026 and beyond, and updated models following recent Q4 results as key drivers of their revised views.
내러티브 업데이트 • Mar 11TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend ExpansionThe analyst price target for Targa Resources in our model has increased by about $13.75 to $244.40, as analysts factor in stronger revenue growth assumptions, updated profit margin expectations, and higher valuation multiples following a series of upward target revisions across the Street. Analyst Commentary Recent research updates show a clear tilt toward higher valuation frameworks for Targa Resources, with multiple firms lifting their price targets following the latest Q4 report, updated capital plans, and revised margin assumptions.
Recent Insider Transactions Derivative • Mar 03President of Gathering & Processing notifies of intention to sell stockPatrick McDonie intends to sell 32k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$239, it would amount to US$7.5m. Since March 2025, Patrick's direct individual holding has increased from 280.32k shares to 336.70k. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 26President recently sold US$6.8m worth of stockOn the 24th of February, Jennifer Kneale sold around 30k shares on-market at roughly US$230 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. This was Jennifer's only on-market trade for the last 12 months.
내러티브 업데이트 • Feb 24TRGP: Permian Buildout And Dividend Plan Will Support Balanced Future Cash ReturnsThe analyst fair value estimate for Targa Resources has moved from $212.40 to $230.65. Analysts attribute this change to updated models after Q4 results, stronger medium- to long-term growth assumptions including three Permian processing plants per year, and recent Street price target increases into the $220 to $243 range.
Price Target Changed • Feb 23Price target increased by 8.2% to US$231Up from US$213, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of US$232. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$10.00 for next year compared to US$8.52 last year.
Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull 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 missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. 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 45% per year, which means it is tracking significantly ahead of earnings growth.
공지 • 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.
분석 기사 • Feb 12Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With InvestorsThe Targa Resources Corp. ( NYSE:TRGP ) share price has done very well over the last month, posting an excellent gain...
내러티브 업데이트 • Feb 09TRGP: Permian Volumes And Diversification Will Underpin Balanced Future Cash ReturnsNarrative Update on Targa Resources The updated analyst price target for Targa Resources edges higher to about US$212.40. Analysts point to recent target revisions, slight tweaks to growth, margins and discount rate assumptions, and ongoing confidence in the company’s diversified, multi segment footprint as key drivers of the change.
내러티브 업데이트 • Jan 25TRGP: Permian Volumes And Diversification Will Support Measured Future Cash ReturnsNarrative Update: Targa Resources Analyst Price Target Shift The analyst price target for Targa Resources has moved higher to US$212.05, with analysts pointing to refined assumptions around revenue growth, profit margins and future P/E, alongside recent research highlighting Q3 outperformance, diversified midstream exposure and solid Permian volume trends as key supports for the updated view. Analyst Commentary Recent research on Targa Resources highlights a mix of optimism around execution and growth, alongside some caution on macro sensitivity and the midstream sector reset in price targets.
Declared Dividend • Jan 19Third 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 2.2%, which is lower than the industry average of 4.5%. 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.
공지 • 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.
내러티브 업데이트 • Jan 11TRGP: Permian Volume Momentum And Diversification Will Support Future Cash ReturnsAnalysts have trimmed their average price targets on Targa Resources by about US$1 per share, reflecting modest adjustments to growth and discount rate assumptions, while still highlighting Q3 outperformance, diversified operations and Permian volume momentum as key supports for the valuation. Analyst Commentary Street research on Targa Resources reflects small downward moves in price targets, but commentary still leans constructive on execution, earnings quality and asset positioning.
공지 • 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.
내러티브 업데이트 • Dec 26TRGP: Expanding Permian Volumes Will Drive Future Cash Returns And BuybacksThe analyst price target for Targa Resources has been lifted modestly, from approximately $208.90 to $209.40, as analysts point to resilient Q3 results, diversified midstream exposure, and stronger than expected Permian growth prospects despite slightly lower Street price objectives. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Q3 results exceeded expectations, reinforcing confidence in management execution and supporting a premium valuation multiple versus the midstream peer group.
내러티브 업데이트 • Dec 11TRGP: Expanded Permian Volumes Will Support Future Cash Returns And BuybacksAnalysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.
공지 • 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.
내러티브 업데이트 • Nov 27TRGP: Expanding Permian Volumes Will Drive Profitability Amid Market UncertaintyAnalysts have modestly raised their fair value estimate for Targa Resources to $208.00. They cite the company's solid profit margins and commercial growth prospects, even though there have been broad reductions in sector price targets.
Recent Insider Transactions • Nov 19President of Logistics & Transportation recently sold US$3.4m worth of stockOn the 14th of November, D. Pryor sold around 20k shares on-market at roughly US$172 per share. This transaction amounted to 27% 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 US$34m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 16President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$172, it would amount to US$3.4m. Since March 2025, Pryor's direct individual holding has decreased from 82.14k shares to 75.56k. Company insiders have collectively sold US$31m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.
공지 • 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 2.5%, which is lower than the industry average of 4.5%. 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.
공지 • 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.
내러티브 업데이트 • Sep 20Permian And Export Developments Will Drive Long-Term SuccessDespite Targa Resources' resilient Permian volumes, robust cash flow prospects, and investor focus on capital returns, analysts modestly lowered price targets—now $205.30—citing sector-wide valuation concerns and near-term growth already reflected in the stock after a significant rally. Analyst Commentary Bullish analysts cite Targa's strong positioning for natural gas, LNG, and natural gas liquid infrastructure expansion, underpinned by robust global power demand and high-quality asset selection.
내러티브 업데이트 • Aug 29Permian And Export Developments Will Drive Long-Term SuccessAnalysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.
Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold US$3.3m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly US$165 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 US$42m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 17President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of August. If the sale is conducted around the recent share price of US$165, it would amount to US$3.3m. Since December 2024, Pryor's direct individual holding has decreased from 124.81k shares to 95.56k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공지 • 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.
분석 기사 • Aug 03These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Jul 18Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The MarkWith a price-to-earnings (or "P/E") ratio of 30.2x Targa Resources Corp. ( NYSE:TRGP ) may be sending very bearish...
Declared Dividend • Jul 14First quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (136% 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 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • 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
분석 기사 • May 29Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?Key Insights Targa Resources' estimated fair value is US$286 based on 2 Stage Free Cash Flow to Equity Targa Resources...
Recent Insider Transactions • May 13President of Logistics & Transportation recently sold US$3.2m worth of stockOn the 8th of May, D. Pryor sold around 20k shares on-market at roughly US$162 per share. This transaction amounted to 17% 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 US$9.5m. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 09President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$162, it would amount to US$3.2m. Since June 2024, Pryor's direct individual holding has decreased from 177.93k shares to 82.14k. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 14Fourth 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 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • 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
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$161, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$258 per share.
공지 • 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
Seeking Alpha • Mar 21Targa Resources May Still Interest Growth InvestorsSummary Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa’s stock price is up over 50% in less than a year, but the company has good growth projects underway. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to US$178. The fair value is estimated to be US$224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Recent Insider Transactions Derivative • Mar 09Chairman of the Board notifies of intention to sell stockPaul Chung intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.3m. Since March 2024, Paul's direct individual holding has decreased from 546.42k shares to 521.29k. Company insiders have collectively sold US$47m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 27CEO & Director recently sold US$9.5m worth of stockOn the 25th of February, Matthew Meloy sold around 49k shares on-market at roughly US$195 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Feb 26CEO & Director notifies of intention to sell stockMatthew Meloy intends to sell 49k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of February. If the sale is conducted around the recent share price of US$195, it would amount to US$9.5m. For the year to December 2018, Matthew's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Matthew's direct individual holding has increased from 530.15k shares to 774.47k. Company insiders have collectively sold US$23m more than they bought, via options and on-market transactions in the last 12 months.
공지 • 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.
Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$5.86 (vs US$3.69 in FY 2023)Full year 2024 results: EPS: US$5.86 (up from US$3.69 in FY 2023). Revenue: US$16.4b (up 2.0% from FY 2023). Net income: US$1.28b (up 54% from FY 2023). Profit margin: 7.8% (up from 5.2% in FY 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
공지 • 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.
Seeking Alpha • Feb 06Targa Resources: From Commodity Exposure To Fee-Based StabilitySummary Over the past decade, Targa has transformed into a fee-based midstream operator. The company’s growth is driven by expanding assets in the Permian Basin, increasing processing capacity, and enhancing infrastructure. Despite its focus on fee-based revenue, strong cash flow, and capital allocation, I have some concerns about its high reinvestment rate, high debt-capital ratio, and low cash position. TRGP is well-positioned for long-term stability and growth. However, my valuation showed that there is no margin of safety at the current market price. Read the full article on Seeking Alpha
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 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • 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
Recent Insider Transactions Derivative • Nov 18Senior VP & Chief Accounting Officer notifies of intention to sell stockJulie Boushka intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$191, it would amount to US$1.9m. Since March 2024, Julie's direct individual holding has decreased from 59.92k shares to 35.14k. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 13President of Logistics & Transportation recently sold US$5.7m worth of stockOn the 8th of November, D. Pryor sold around 30k shares on-market at roughly US$190 per share. This transaction amounted to 19% 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 US$34m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 11President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$190, it would amount to US$5.7m. Since March 2024, Pryor's direct individual holding has increased from 156.10k shares to 157.93k. Company insiders have collectively sold US$27m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Nov 11Targa Resources: Assuming The Past Never Happens AgainSummary Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance. TRGP's rapid dividend growth, recently increased to $4 from $3, highlights its aggressive strategy, making it atypical for midstream investments. The time to invest in a company like this is when it is out of favor. Read the full article on Seeking Alpha
Price Target Changed • Nov 08Price target increased by 7.2% to US$179Up from US$167, the current price target is an average from 21 analysts. New target price is 6.9% below last closing price of US$192. Stock is up 127% over the past year. The company is forecast to post earnings per share of US$6.08 for next year compared to US$3.69 last year.
Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: US$1.77 (vs US$0.97 in 3Q 2023)Third quarter 2024 results: EPS: US$1.77 (up from US$0.97 in 3Q 2023). Revenue: US$3.85b (down 1.1% from 3Q 2023). Net income: US$387.4m (up 78% from 3Q 2023). Profit margin: 10% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Oct 14Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (155% 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 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • 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.
Buy Or Sell Opportunity • Sep 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$147. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions Derivative • Aug 16Independent Director notifies of intention to sell stockJoe Perkins intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$139, it would amount to US$2.9m. Since March 2024, Joe has owned 350.59k shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$143. The fair value is estimated to be US$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions • Aug 14President of Logistics & Transportation recently sold US$2.8m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly US$138 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 US$23m more than they bought in the last 12 months.
Seeking Alpha • Aug 06Targa Resources: Large Growth Potential With High Capex SpendingSummary Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share. Read the full article on Seeking Alpha
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.34 (down from US$1.44 in 2Q 2023). Revenue: US$3.56b (up 4.7% from 2Q 2023). Net income: US$298.5m (down 8.4% from 2Q 2023). Profit margin: 8.4% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
공지 • 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 15First 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 1.9%, which is lower than the industry average of 4.5%. 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 3.5% 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.
