Targa Resources Corp. Stock News

Shares of Targa Resources (TRGP -0.30%) were blistering hot in 2024. The midstream company was up more than 105% heading into the final trading days of the year.

U.S. natural gas prices are trading around two-year highs as cold temperatures and potentially more LNG exports are boosting the commodity. The post This Commodity Rallied 67% In 2 Months.

High-return investments are appealing, but high-risk-adjusted-return investments are even more valuable. While risk can be challenging to measure, investors often use volatility as a proxy.

3 No-Brainer Energy Stocks to Buy With $1,000 Right Now

The most important element of corporate stock buybacks is the reduction in the share count.

TRGP's price performance over the last several months has been incredibly strong, pushing it out past my price target for 2026. The new growth projects announced by the company will likely cause the company to increase debt levels in 2025, although still at manageable levels. Targa Resources will become a full taxpayer by 2027, negativity will impact FCF.

HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the BofA Securities Global Energy Conference in Houston, TX on Wednesday, November 13, 2024.

Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance.