HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22, 2024. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer ("CFO"), will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Ta ...

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22, 2024. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer ("CFO"), will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Ta ...

In terms of dividend growth, the company's current annualized dividend of $3 is up 62.2% from last year. Over the last 5 years, Targa Resources, Inc. has increased its dividend 2 times on a year-over-year basis for an average annual increase of 1.67%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Targa Resources's current payout ratio is 41%, meaning it paid out 41% of its traili ...

HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the 21st Annual Energy Infrastructure CEO & Investor Conference in Aventura, FL on Wednesday, May 22, 2024. A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to https://www.targaresources.com/investors/e ...

Core Viewpoint - Targa Resources Corp. will participate in the 21st Annual Energy Infrastructure CEO & Investor Conference on May 22, 2024, in Aventura, FL, highlighting its role in the energy infrastructure sector [1]. Company Overview - Targa Resources Corp. is a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America [3]. - The company owns, operates, acquires, and develops a diversified portfolio of midstream infrastructure assets critical for the efficient delivery of energy across the United States and globally [3]. - Targa's operations include gathering, compressing, treating, processing, transporting, and selling natural gas, as well as handling natural gas liquids (NGLs) and crude oil [3]. Financial and Market Position - Targa is recognized as a FORTUNE 500 company and is included in the S&P 500 index, indicating its significant market presence and financial stability [4].

Targa Resources Corp. (TRGP) reported first-quarter 2024 earnings of $1.22 per share, which missed the Zacks Consensus Estimate of $1.35. The underperformance could be attributed to lower commodity sales and increased operating expenses. However, the bottom line improved from the year-ago quarter’s level of 3 cents. Revenues totaled $4.6 billion, up 0.9 % year over year, due to strong volumes across its systems. The top line also beat the Zacks Consensus Estimate of $4.3 billion.The company’s adjusted EBITD ...

Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Sanjay Lad - VP, Finance & IR Matt Meloy - CEO Jen Kneale - CFO Scott Pryor - President, Logistics and Transportation Pat McDonie - President, Gathering and Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Michael Blum - Wells Fargo Theresa Chen - Barclays Jeremy Tonet - JPMorgan Securities John Mackay - Goldman Sachs Spiro Dounis - Citi Jacob Nivasch - Truist Securi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-34991 TARGA RESOURCES CORP. (Exact name of registrant as specified in its charter) Delaware 20-3701075 (State or other jurisdi ...

Exhibit 99.1 811 Louisiana, Suite 2100 Houston, TX 77002 713.584.1000 Targa Resources Corp. Reports First Quarter 2024 Financial Results HOUSTON – May 2, 2024 - Targa Resources Corp. (NYSE: TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and ...

HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $966.2 million for the first quarter of 2024 compared ...