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 […]
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.
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