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Targa Resources Corp. (TRGP)

NYSE - NYSE Delayed Price. Currency in USD
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17.11-0.07 (-0.41%)
At close: 4:00PM EDT
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Previous Close17.18
Open17.27
Bid16.91 x 800
Ask17.27 x 900
Day's Range16.81 - 17.35
52 Week Range3.66 - 42.13
Volume1,848,632
Avg. Volume2,538,946
Market Cap3.99B
Beta (5Y Monthly)2.92
PE Ratio (TTM)N/A
EPS (TTM)-8.35
Earnings DateNov. 05, 2020
Forward Dividend & Yield0.40 (2.34%)
Ex-Dividend DateJul. 30, 2020
1y Target Est24.63
  • GlobeNewswire

    Targa Resources Corp. Announces Quarterly Dividends and Timing of Third Quarter 2020 Earnings Webcast

    HOUSTON, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the third quarter of 2020. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the third quarter of 2020. This cash dividend will be paid November 16, 2020 on all outstanding common shares to holders of record as of the close of business on October 30, 2020.Targa also announced today that its board of directors has declared a quarterly cash dividend of $23.75 per Series A preferred share for the third quarter of 2020. This cash dividend will be paid November 13, 2020 on all outstanding Series A preferred shares to holders of record as of the close of business on October 30, 2020.Additionally, the Company will report its third quarter 2020 financial results before the market opens for trading on Thursday, November 5, 2020 and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2020 third quarter financial results.Event Information Event: Targa Resources Corp. Third Quarter 2020 Earnings Webcast and Presentation Date: Thursday, November 5, 2020 Time: 11:00 a.m. Eastern Time Webcast: www.targaresources.com under "Events and Presentations" or directly at https://edge.media-server.com/mmc/p/w5f4facwReplay Information  A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.About Targa Resources Corp.Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream infrastructure assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and selling natural gas; transporting, storing, fractionating, treating and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling and selling crude oil.For more information, please visit the Company’s website at www.targaresources.com.Forward-Looking StatementsCertain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics such as COVID-19, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the timing and success of business development efforts, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2019, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.Sanjay Lad Vice President, Finance & Investor RelationsJennifer Kneale Chief Financial Officer

  • GlobeNewswire

    Targa Resources Partners LP Announces Monthly Distribution on Preferred Units

    HOUSTON, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for October 2020. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of $0.1875 per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for October 2020. This cash distribution will be paid November 16, 2020 on all outstanding Series A Preferred Units to holders of record as of the close of business on October 30, 2020.About Targa Resources Partners LPTarga Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream infrastructure assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. Targa owns, operates, acquires and develops a diversified portfolio of complementary midstream infrastructure assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and selling natural gas; transporting, storing, fractionating, treating and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling and selling crude oil.The principal executive offices of Targa Resources Partners LP are located at 811 Louisiana, Suite 2100, Houston, TX 77002 and their telephone number is 713-584-1000.For more information, please visit our website at www.targaresources.com.Forward-Looking StatementsCertain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics such as COVID-19, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.Sanjay Lad Vice President, Finance & Investor RelationsJennifer Kneale Chief Financial Officer

  • Energy ETFs & Stocks Surge on Norway Strike & Delta Hurricane
    Zacks

    Energy ETFs & Stocks Surge on Norway Strike & Delta Hurricane

    Oil price is on track for the biggest weekly gain since May driven by a Norway strike and Hurricane Delta that has threatened output.