Street Calls of the Week
HOUSTON - Targa Resources Corp. (NYSE:TRGP) announced Thursday its board of directors has declared a quarterly cash dividend of $1.00 per common share for the third quarter of 2025, representing an annualized dividend of $4.00 per share. According to InvestingPro data, the company has maintained dividend payments for 15 consecutive years and has raised its dividend for three consecutive years, with a current yield of 2.65%.
The dividend will be paid on November 17, 2025, to shareholders of record as of October 31, 2025, according to a company press release.
Targa also announced it will report its third quarter 2025 financial results before markets open on Wednesday, November 5, 2025, followed by a webcast at 11:00 a.m. Eastern Time to discuss the results.
The company will make its quarterly earnings supplement and updated investor presentation available on its website prior to the conference call.
Targa Resources Corp. describes itself as a leading provider of midstream services and one of the largest independent infrastructure companies in North America. The company owns and operates assets that connect natural gas and natural gas liquids to domestic and international markets.
The company is included in both the FORTUNE 500 and S&P 500 indices.
In other recent news, Targa Resources has announced plans to construct the Speedway NGL Pipeline and a new gas processing plant to support production in the Permian Basin. The pipeline will span 500 miles and is expected to be operational by the third quarter of 2027, with an estimated cost of $1.6 billion. In addition, Targa Resources reported better-than-expected quarterly earnings, with strong logistics and transportation margins balancing out lower gathering and processing margins and increased costs. Analysts have been active in their assessments, with UBS reiterating a Buy rating and a $228 price target, citing confidence in Targa’s Permian Basin growth outlook. UBS also highlighted Targa’s competitive advantages in the Delaware Basin. Meanwhile, BMO Capital initiated coverage with an Outperform rating and a $185 price target, expressing optimism about Targa’s growth prospects despite a lower rig environment. On the other hand, Goldman Sachs adjusted its price target to $186, maintaining a Buy rating, following Targa’s earnings report. These developments reflect ongoing interest in Targa Resources’ strategic initiatives and financial performance.
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