Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y
TRGPTarga(TRGP) Zacks Investment Research·2024-05-07 21:26

Targa Resources Corp. (TRGP) reported first-quarter 2024 earnings of 1.22pershare,whichmissedtheZacksConsensusEstimateof1.22 per share, which missed the Zacks Consensus Estimate of 1.35. The underperformance could be attributed to lower commodity sales and increased operating expenses. However, the bottom line improved from the year-ago quarter’s level of 3 cents. Revenues totaled 4.6billion,up0.94.6 billion, up 0.9 % year over year, due to strong volumes across its systems. The top line also beat the Zacks Consensus Estimate of 4.3 billion. The company’s adjusted EBIT ...