Get a deeper insight into the potential performance of Targa Resources (TRGP) for the quarter ended June 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?
Targa offers strong EBITDA growth, Permian strength and shareholder returns, but faces debt, capex strain, trade risks and rising midstream competition.
Oil & Gas Midstream Industry | Energy Sector | Matthew J. Meloy CEO | NYSE Exchange | 87612G101 Cusip |
US Country | 3,370 Employees | 31 Jul 2025 Last Dividend | - Last Split | 7 Dec 2010 IPO Date |
Targa Resources Corp., in collaboration with its subsidiary Targa Resources Partners LP, embarks on buying, owning, developing, and operating a diverse set of midstream infrastructure assets across North America. With its operations bifurcated into the Gathering and Processing segment alongside the Logistics and Transportation segment, the company focuses on providing an array of services in natural gas and liquids sector. Targa Resources Corp. stands as a cornerstone in the energy infrastructure domain, boasting a strategic footprint that caters to the gathering, processing, storage, and transportation needs of the industry. Incorporated in 2005 and with its headquarters rooted in Houston, Texas, the corporation leverages its extensive asset base and industry expertise to serve a wide range of customers, including multi-state retailers, independent retailers, and other end-users. As of the end of 2023, its operational assets include a significant fleet of leased and managed railcars, tractors, vacuum trucks, and pressurized NGL barges, underpinning its robust logistical capabilities.