Reported Earnings • May 07
First 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. Live-nyheter • May 05
Targa Resources Sets New Permian Gas Records Plans Higher Dividend and Major Expansion Targa 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. Declared Dividend • Apr 20
Fourth quarter dividend increased to US$1.25 Dividend 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. Tillkännagivande • Mar 27
Targa Resources Corp., Annual General Meeting, May 21, 2026 Targa Resources Corp., Annual General Meeting, May 21, 2026. Location: at 811 louisiana street, suite 2100, tx 77002, houston United States Recent Insider Transactions Derivative • Mar 03
President of Gathering & Processing notifies of intention to sell stock Patrick 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 26
President recently sold US$6.8m worth of stock On 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. Price Target Changed • Feb 23
Price target increased by 8.2% to US$231 Up 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 20
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue 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. Tillkännagivande • Feb 19
Targa Resources Corp. Provides Dividend Guidance for the First Quarter, Payable in May 2026 and Annual Common Dividend for the Fiscal Year 2026 Targa 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 19
Third quarter dividend of US$1.00 announced Shareholders 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. Tillkännagivande • Jan 07
Targa 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. Tillkännagivande • Dec 01
Targa 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. Recent Insider Transactions • Nov 19
President of Logistics & Transportation recently sold US$3.4m worth of stock On 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 16
President of Logistics & Transportation notifies of intention to sell stock D. 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 06
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third 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. Declared Dividend • Oct 20
Second quarter dividend of US$1.00 announced Shareholders 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. Recent Insider Transactions • Aug 20
President of Logistics & Transportation recently sold US$3.3m worth of stock On 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 17
President of Logistics & Transportation notifies of intention to sell stock D. 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 08
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second 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. Declared Dividend • Jul 14
First quarter dividend of US$1.00 announced Shareholders 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. Recent Insider Transactions • May 13
President of Logistics & Transportation recently sold US$3.2m worth of stock On 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 09
President of Logistics & Transportation notifies of intention to sell stock D. 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 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue 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 14
Fourth quarter dividend of US$1.00 announced Shareholders 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. Tillkännagivande • Apr 11
Targa Resources Corp. to Report Q1, 2025 Results on May 01, 2025 Targa Resources Corp. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor 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. Tillkännagivande • Mar 31
Targa Resources Corp., Annual General Meeting, May 20, 2025 Targa Resources Corp., Annual General Meeting, May 20, 2025. Location: 811 louisiana street, suite 2100, tx 77002, houston United States Buy Or Sell Opportunity • Mar 10
Now 20% undervalued after recent price drop Over 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 09
Chairman of the Board notifies of intention to sell stock Paul 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 27
CEO & Director recently sold US$9.5m worth of stock On 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 26
CEO & Director notifies of intention to sell stock Matthew 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. Reported Earnings • Feb 20
Full 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. Tillkännagivande • Feb 20
Targa Resources Corp. Provides Earnings Guidance for the Year 2025 Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions. Declared Dividend • Jan 20
Third quarter dividend of US$0.75 announced Shareholders 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. Recent Insider Transactions Derivative • Nov 18
Senior VP & Chief Accounting Officer notifies of intention to sell stock Julie 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 13
President of Logistics & Transportation recently sold US$5.7m worth of stock On 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 11
President of Logistics & Transportation notifies of intention to sell stock D. 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. Price Target Changed • Nov 08
Price target increased by 7.2% to US$179 Up 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 05
Third 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 14
Second quarter dividend of US$0.75 announced Shareholders 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. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued after recent price rise Over 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 16
Independent Director notifies of intention to sell stock Joe 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 15
Now 21% overvalued after recent price rise Over 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 14
President of Logistics & Transportation recently sold US$2.8m worth of stock On 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. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second 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. Tillkännagivande • Aug 01
Targa 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 15
First quarter dividend of US$0.75 announced Shareholders 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.