Targa Resources Corp recently revealed its plans for a $1.75 Billion Senior Notes Offering and priced $750 Million in Senior Notes Due 2029 and $1 Billion due 2036. The company's Q3 2025 performance was robust, with a significant increase in EBITDA and dividend plans. Although the earnings per share of $2.12 missed estimates by $0.02, the profit margin continued to improve despite valuation concerns amidst slower growth. Institutions like BMO Capital and Bank of Montreal continue their support, with holdings worth $33.48 Million and new price target set at $196.00 from $185. The company also has ambitious growth plans, such as the launch of the Forza Pipeline to boost Delaware Basin Growth. However, Targa Resources experienced a cut to Hold at Wall Street Zen, and their Q3 earnings fell short of estimates. The company's projections indicate dividend plans of $5.00 for 2026, a 25% increase. Targa's dividends attract investors, alongside their new Permian investments. Despite some challenges, the company still looks poised for growth.
Targa Resources Corp TRGP News Analytics from Sat, 04 Jan 2025 08:00:00 GMT to Sat, 08 Nov 2025 21:39:14 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor 2
