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.
Targa Resources Corp. (NYSE:TRGP ) Q2 2025 Earnings Conference Call August 7, 2025 11:00 AM ET Company Participants Benjamin Branstetter - Corporate Participant D. Scott Pryor - President of Logistics & Transportation Jennifer R.
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.
Targa Resources benefits from strong NGL demand, Permian growth, and a fee-based model driving stable, record EBITDA and sustainable cash flows. Aggressive capex and expansion, combined with disciplined deleveraging, position Targa for long-term growth and shareholder value through dividends and buybacks. Risks include heavy Permian dependence and potential regulatory/environmental headwinds, but current tailwinds outweigh these concerns for now.