Targa (TRGP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
TRGPTarga(TRGP) ZACKS·2024-08-08 19:21

Targa Resources Corp. (TRGP) reported second-quarter 2024 earnings of 1.33pershare,whichbeattheZacksConsensusEstimateof1.33 per share, which beat the Zacks Consensus Estimate of 1.21. The outperformance could be attributed to strong volumes across its systems in the reported quarter. However, the bottom line deteriorated from the year-ago quarter’s level of 1.44.Theyearoveryearunderperformanceresultedfromhigherproductcosts.Revenuestotaled1.44. The year-over-year underperformance resulted from higher product costs.Revenues totaled 3.6 billion, up 4.6% year over year. The increase was driven by higher sales of commodities and fees fr ...