UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-34991 TARGA RESOURCES CORP. (Exact name of registrant as specified in its charter) Delaware 20-3701075 (State or other jurisdi ...

Exhibit 99.1 811 Louisiana, Suite 2100 Houston, TX 77002 713.584.1000 Targa Resources Corp. Reports First Quarter 2024 Financial Results HOUSTON – May 2, 2024 - Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and ...

HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP," the "Company" or "Targa") today reported first quarter 2024 results. First quarter 2024 net income attributable to Targa Resources Corp. was $275.2 million compared to $497.0 million for the first quarter of 2023. The Company reported record adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("adjusted EBITDA")(1) of $966.2 million for the first quarter of 2024 compared ...

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公司股息政策 - Targa Resources Corp.宣布将每股普通股的季度现金股息提高至0.75美元，年化为3.00美元[1] 财务业绩公布 - 公司将于2024年5月2日市场开盘前公布2024年第一季度财务业绩，并将在东部时间上午11:00（中部时间上午10:00）通过互联网举行现场网络直播[2] 公司业务范围 - Targa Resources Corp.是一家领先的中游服务提供商，拥有北美最大的独立中游基础设施公司之一，主要从事天然气、天然气液体和原油的采集、压缩、处理、运输、存储、分级、终端处理和购买销售业务[5]

ssuaphoto Back in early December, I wrote that Targa Resources (NYSE:TRGP) had some of the best growth prospects in the midstream space, starting coverage of the stock with a “Buy” rating. The stock has returned nearly 20% since then. With the company reporting results last month, let’s catch up on the name. Company Profile As a quick reminder, TRGP is a midstream company that operates in a number of basins throughout the U.S. Within its Gathering & Processing (G&P) segment the company gathers, processes, t ...

公司活动 - Targa Resources Corp.宣布公司代表将参加摩根士丹利能源与动力会议[1] - 公司在网站上定期发布重要信息，鼓励投资者关注[4] 公司背景 - Targa Resources Corp.是北美最大的独立中游基础设施公司之一[3]

公司财务表现 - Targa Resources Corp. (TRGP)第四季度2023年每股收益为1.23美元，低于Zacks Consensus Estimate的1.49美元，也较去年同期的1.38美元有所下降[1] - 公司第四季度总收入为42亿美元，同比下降8.7%，也低于Zacks Consensus Estimate的45亿美元[2] - 调整后的EBITDA为959.9百万美元，较去年同期的840.4百万美元有所增长[3] - 可分配现金流为7.097亿美元，比去年同期的6.555亿美元增长了8.3%[4] 业务运营情况 - 采集和加工部门的运营利润为5.363亿美元，较去年同期的5.44亿美元下降了1.4%[6] - 物流和运输部门的运营利润为5.542亿美元，较去年同期增长了25.5%[8] - TRGP的分馏量达到每日84.48万桶，比去年同期的74.44万桶增长了13.5%[10] - NGL管道运输量同比增长了43.7%，NGL销量也同比提高了30.8%[11] 资本支出和财务展望 - 公司在第四季度的产品成本为29亿美元，较去年同期下降了12.1%[12] - 公司在增长资本项目上支出了6.36亿美元，较去年同期的5.524亿美元有所增加[13] - 截至2023年12月31日，TRGP的现金及现金等价物为1.417亿美元，长期债务为123亿美元，负债占资本比率约为81.8%[14] - 公司预计2024年调整后的EBITDA在37亿至39亿美元之间[15] - 公司预计2024年增长资本支出在23亿至25亿美元之间，净维护资本支出为2.25亿美元[16] 股息政策和投资建议 - 公司宣布2023年第四季度每股普通股50美分的现金股息，年化为2美元，于2024年2月15日支付给截至2024年1月31日的股东[5] - 公司计划将2024年第一季度的普通股股息提高至每股75美分，年化为3美元，公司打算向董事会推荐同等股息[17] - TRGP目前持有Zacks Rank 5（强烈卖出）[18] - 投资者可能对能源行业的一些排名更高的股票感兴趣，如Subsea 7 S.A.（SUBCY）和Energy Transfer LP（ET），两者均为Zacks Rank 1（强烈买入），以及Murphy USA Inc.（MUSA），目前为Zacks Rank 2（买入）[19]

公司财务表现 - Targa Resources, Inc.在2023年12月报告的营收为42.4亿美元，同比下降6.9%[1] - 每股收益为1.23美元，较去年同期的1.38美元有所下降[1] - 公司的营收和每股收益均低于华尔街预期，营收低于预期5.73%，每股收益低于预期17.45%[2] 投资者关注点 - 投资者通常关注公司的营收和盈利同比变化，以及与华尔街预期的比较，以确定下一步的行动[3] - 通过比较关键指标，投资者可以更准确地预测股票的价格表现[4]