Targa Resources Q1 Earnings Miss Estimates, Expenses Increase Y/Y

Targa Resources Corp. (TRGP) reported first-quarter 2025 adjusted earnings of 91 cents per share, which missed the Zacks Consensus Estimate of $2.04 as Permian Basin volumes fell short of estimates.The bottom line also decreased from the year-ago quarter’s level of$1.22. The year-over-year decrease in earnings can be attributed to increased operating expenses and product costs.Total quarterly revenues of $4.6 billion were in line with the prior-year quarter’s level. However, the top line missed the Zacks C ...