Targa Resources Corp. Stock News

Targa Resources agreed to acquire Stakeholder Midstream, which provides natural gas gathering and processing services in the Permian Basin, for $1.25 billion in cash.

Pipeline operator Targa Resources said on Monday it will acquire Stakeholder Midstream for $1.25 billion in cash.

HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) --  Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Stakeholder Midstream, LLC (“Stakeholder”) for $1.25 billion in cash.

Targa Resources is rated a 'Buy,' with a 12-month price target of $200, reflecting strong growth prospects and undervaluation. TRGP's Q3 results showed robust EBITDA growth, driven by Permian Basin strength, new projects, and higher NGL transportation and export volumes. Aggressive capex is funded by cash flow, with leverage in the target range; future free cash flow growth is expected as expan...

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HOUSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of th...

Targa Resources Corp. ( TRGP ) Q3 2025 Earnings Call November 5, 2025 11:00 AM EST Company Participants Tristan Richardson Matt Meloy - CEO & Director Jennifer Kneale - President William Byers - Chief Financial Officer Robert Muraro - Chief Commercial Officer D. Pryor - President of Logistics & Transportation Patrick McDonie - President of Gathering & Processing Conference Call Participants Jer...

HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2025 results.