Targa Resources Corp. Declares Quarter Dividend and Earnings Call

Targa Resources Corp. Declares Quarterly Dividend

Targa Resources Corp. has proudly announced its quarterly dividend for the fourth quarter of 2024, reinforcing its dedication to delivering shareholder value. The NYSE-listed company revealed that its board of directors has declared a cash dividend of $0.75 per common share, amounting to an impressive $3.00 per share on an annualized basis.

Dividend Payout Schedule

This quarterly dividend is scheduled for payment on February 14, 2025, to all shareholders who are on record by the close of business on January 31, 2025. This precise timing ensures that all eligible stockholders will benefit from this rewarding decision.

Proposed Increase in Common Dividend

Looking ahead, Targa Resources intends to recommend to its Board of Directors an increase in the common dividend for the first quarter of 2025 to $1.00 per common share, translating to an annualized figure of $4.00. If approved, this increase would mark a significant step in enhancing shareholder returns as it reflects the company's positive financial outlook and commitment to providing enhanced financial rewards to its investors.

Fourth Quarter Earnings Webcast Details

Targa Resources Corp. is set to release its fourth-quarter financial results before the market opens on Thursday, February 20, 2025. This announcement will precede a live webcast at 11:00 a.m. Eastern Time, where the company will discuss its results in detail, offering insights into its operating performance and strategic direction.

Event Information for Investors

The upcoming earnings webcast is an excellent opportunity for investors to gain firsthand insights into the operations and future strategies of Targa Resources. This engagement not only strengthens transparency but also fosters a sense of connection between the company and its stakeholders.

About Targa Resources Corp.

Targa Resources Corp. stands as a leading provider of midstream services within North America, showcasing its position as one of the largest independent midstream infrastructure companies. With a diversified portfolio, Targa operates critical infrastructure assets responsible for the safe and efficient delivery of energy across the United States.

The Company is proficient in gathering, compressing, treating, processing, transporting, and selling natural gas. Additionally, Targa is engaged in transporting, storing, and processing natural gas liquids (NGLs) and crude oil, which are vital in meeting the growing demand for cleaner energy sources.

Commitment to Stakeholders

As a recognized FORTUNE 500 company and a member of the S&P 500 index, Targa Resources Corp. exemplifies commitment to operational excellence and responsible environmental practices. Adopting innovative solutions and technologies, Targa addresses the increasing quest for cleaner fuels and feedstocks, ensuring its business practices are sustainable and future-focused.

Investor Relations and Resources

For those interested in further information regarding the Company's operations or governance, Targa makes extensive resources available to its investors. Regular updates, comprehensive reports, and engaging presentations ensure that stakeholders are well-informed regarding Targa's performance and strategic aspirations.

Frequently Asked Questions

What is the amount of the quarterly dividend declared by Targa?

The board of directors of Targa Resources Corp. has declared a quarterly cash dividend of $0.75 per common share.

When will the quarterly dividend be paid?

The quarterly dividend will be paid on February 14, 2025, to all holders of record as of January 31, 2025.

Is there a proposed increase in the dividend for 2025?

Yes, Targa intends to recommend increasing the common dividend to $1.00 per share for the first quarter of 2025.

When will Targa report its fourth quarter financial results?

Targa will report its fourth quarter results before the market opens on February 20, 2025.

Where can I find more information about Targa Resources Corp.?

Further information can be found on Targa's official investor relations website at www.targaresources.com.

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