HOUSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the Citi One-on-One Midstream and New Energy Infrastructure Conference in Las Vegas, NV on Tuesday, August 13 and Wednesday, August 14, 2024.

Targa (TRGP) anticipates its capital expenditure for 2024 to be at $2.7 billion, with net maintenance capital expenditures amounting to $225 million.

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP), announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035 at a price to the public of 99.943% of their face value. The Offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions.

Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share.

Targa Resources Corp. (NYSE:TRGP ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Sanjay Lad - Vice President, Finance and Investor Relations Matt Meloy - Chief Executive Officer Jen Kneale - President, Finance & Administration Pat McDonie - President, Gathering & Processing Scott Pryor - President, Logistics & Transportation Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Spiro Dounis - Citi Theresa Chen - Barclays Michael Blum - Wells Fargo John Mackay - Goldman Sachs Manav Gupta - UBS Keith Stanley - Wolfe Research Sunil Sibal - Seaport Global Tristan Richardson - Scotiabank Operator Good day, and welcome to the Targa Resources Corporation Second Quarter 2024 Earnings Webcast and Presentation. At this time, all participants are in a listen-only mode.

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2024 results.

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HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the second quarter of 2024.