Targa Resources Corp.
Targa Resources Announces Second Quarter 2025 Results and New Share Repurchase Program
Summary
On August 7, 2025, Targa Resources Corp. reported its financial results for the second quarter of 2025, showing a significant increase in net income attributable to the company, driven by higher commodity sales and record transportation volumes. The company also declared a quarterly cash dividend of $1.00 per common share and announced a new share repurchase program for up to $1.0 billion of its outstanding common stock. A conference call is scheduled to discuss these results. The company continues to estimate full-year 2025 adjusted EBITDA between $4.65 billion and $4.85 billion.
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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.
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