Targa Resources Corp. has recently seen significant growth and promising activities. The company launched the Forza Pipeline to enhance growth in the Delaware Basin. Several management firms, such as Segment Wealth Management LLC and Union Bancaire Privee UBP SA, have increased their positions in Targa. They've also announced new investments in the Permian, including a $1.6B NGL pipeline and gas processing plant. The company's shares have experienced some fluctuation recently; however, they still draw attention from multiple investors.
The company will also implement a share repurchase program following their second quarter 2025 financial results. There are multiple dividend declarations and an increase in shareholder returns. Further, Targa secured $1.5B through a dual senior notes offering at lower interest rates.
The company is anticipated to continue its growth story and is expected to strengthen its resilience in the midstream sector. Due to its strategic growth plans and strong earnings growth, analysts have maintained a positive outlook on Targa Resources' stock despite some underperformance compared to the Nasdaq.
Targa Resources Corp TRGP News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 04 Oct 2025 09:40:21 GMT - Rating 6 - Innovation 7 - Information 7 - Rumor -2
