An update from Targa Resources ( (TRGP) ) is now available.
On February 24, 2025, Targa Resources Corp. announced the pricing of a $2.0 billion public offering of senior notes, consisting of $1.0 billion in 5.550% Senior Notes due 2035 and $1.0 billion in 6.125% Senior Notes due 2055. The proceeds from this offering are intended to fund the repurchase of outstanding preferred equity in Targa Badlands LLC for approximately $1.8 billion and for general corporate purposes, including debt repayment and capital expenditures. This strategic financial move is expected to enhance Targa’s operational flexibility and strengthen its market position.
More about Targa Resources
Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America. The company owns, operates, acquires, and develops a diversified portfolio of infrastructure assets that are crucial for the delivery of energy across the United States and globally. Targa’s operations include gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas, as well as transporting, storing, and selling natural gas liquids and crude oil.
YTD Price Performance: 11.60%
Average Trading Volume: 1,623,279
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $43.29B
See more data about TRGP stock on TipRanks’ Stock Analysis page.