Targa Resources Corp.
Targa Resources Corp. Reports Record Financial Performance for 2024 and Announces New Expansions and Refinancing
Summary
Targa Resources Corp. reported record fourth quarter and full year 2024 financial results, achieving a 17% increase in adjusted EBITDA. The company also announced several new expansions including the Delaware Express pipeline, Train 12 fractionator, and the GPMT LPG Export Expansion. Additionally, Targa announced the refinancing of its Badlands Preferred Equity for $1.8 billion and an increase in its common dividend for 2025. These developments reflect Targa's strategic growth initiatives and financial strength.
Profitelligence Alerts
Get alerts for TRGP
Be first to know when Targa Resources Corp. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Targa Resources Corp.
Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.
Official SEC Documents
Advertisement