Targa Resources agreed to acquire Stakeholder Midstream, which provides natural gas gathering and processing services in the Permian Basin, for $1.25 billion in cash.
Although the revenue and EPS for Targa Resources (TRGP) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Targa Resources Corp. ( TRGP ) Q3 2025 Earnings Call November 5, 2025 11:00 AM EST Company Participants Tristan Richardson Matt Meloy - CEO & Director Jennifer Kneale - President William Byers - Chief Financial Officer Robert Muraro - Chief Commercial Officer D. Pryor - President of Logistics & Transportation Patrick McDonie - President of Gathering & Processing Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co, Research Division Spiro Dounis - Citigroup Inc., Research Division Theresa Chen - Barclays Bank PLC, Research Division Keith Stanley - Wolfe Research, LLC Michael Blum - Wells Fargo Securities, LLC, Research Division Manav Gupta - UBS Investment Bank, Research Division Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division John Mackay - Goldman Sachs Group, Inc., Research Division Jean Ann Salisbury - BofA Securities, Research Division Jason Gabelman - TD Cowen, Research Division Sunil Sibal - Seaport Research Partners Brandon Bingham - Scotiabank Global Banking and Markets, Research Division Presentation Operator Thank you for standing by.
Evaluate the expected performance of Targa Resources (TRGP) for the quarter ended September 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources (TRGP) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources (TRGP) have what it takes?
In big news for the energy infrastructure space, Targa Resources Corp. (TRGP) has announced significant new investments in its Permian Basin operations. The announcement includes a new natural gas liquids (NGL) pipeline and incremental natural gas infrastructure.
TRGP launches open season for its Forza Pipeline, aiming to boost Delaware Basin gas connectivity to Texas markets by mid-2028.
Targa Resources is well positioned in the Permian Basin, driving strong volume and cash flow growth through aggressive capital investment and infrastructure expansion. Despite a lower dividend yield than peers, Targa's buyback program and future dividend growth potential make it attractive for long-term investors. The company maintains a solid balance sheet, manageable leverage, and benefits from tax changes, supporting ongoing growth projects without financial strain.
TRGP benefits from strong global LPG demand, fee-based revenues, tax advantages and Permian scale, but faces risks from overbuild, execution and competition.
TRGP expects full-year 2025 adjusted EBITDA of $4.65-$4.85 billion and net growth capital expenditures of $3 billion.
While the top- and bottom-line numbers for Targa Resources (TRGP) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.