- Zacks
Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y
Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.
- Insider Monkey
Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP) Q1 2024 Earnings Call Transcript May 2, 2024 Targa Resources Corp. misses on earnings expectations. Reported EPS is $1.24 EPS, expectations were $1.38. Targa Resources Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you […]
- Reuters
Targa Resources beats first-quarter core profit estimates on higher transportation volumes
Targa Resources beat Wall Street estimates for first-quarter core profit, as the pipeline operator benefitted from higher volumes of natural gas liquids (NGL) transported through its system. NGL pipeline transportation volumes were up nearly 34% in the January-March quarter compared to last year, while NGL sales rose about 22% to 1.23 million bbl/d in the quarter from a year earlier. Crude prices gained in the January-March quarter, as production curtailments from OPEC+, Russian refinery outages and the Middle East conflict raised concerns over supplies, helping oil and gas transportation firms like Targa Resources charge higher fees.
