Targa Resources Declares Cash Dividend Amid Earnings Update
Targa Resources Corp. Announces Quarterly Cash Dividend
HOUSTON — Targa Resources Corp. (NYSE: TRGP) has shared exciting news regarding its quarterly dividend for the third quarter of 2024. The company's board of directors recently declared a cash dividend of $0.75 per common share, translating to an impressive $3.00 per share on an annual basis. This dividend is set to be paid on November 15, 2024, to all shareholders who are on record as of the close of business on October 31, 2024.
Third Quarter Earnings Report and Webcast Details
As part of its financial disclosure, Targa plans to report its third quarter 2024 results before the market opens on November 5, 2024. Investors and analysts alike are invited to participate in a live webcast discussion at 11:00 a.m. Eastern Time (10:00 a.m. Central Time), where company leaders will delve into the performance and insights from the quarter.
Event Information for Investors
Details of the upcoming earnings webcast are as follows:
Event: Targa Resources Corp. Third Quarter 2024 Earnings Webcast
Date: Tuesday, November 5, 2024
Time: 11:00 a.m. Eastern Time
Replay and Additional Resources
For those unable to attend live, a replay of the webcast will be accessible approximately two hours after the event concludes. Additionally, a quarterly earnings supplement and an updated investor presentation will be available in the Investors section of the Targa website prior to the start of the call.
About Targa Resources Corp.
Targa Resources stands as a leading entity in the midstream services sector and is recognized as one of the largest independent midstream infrastructure companies in North America. Through an extensive network of assets, Targa connects natural gas and NGLs to domestic and international markets, facilitating the efficient delivery of energy across the nation and globally. Their operations are crucial for the transition to cleaner fuels and feedstocks in a world increasingly focused on sustainable energy solutions.
Understanding Targa’s Role in the Energy Sector
Targa Resources is fundamentally engaged in various essential operations, including the gathering, compressing, treating, processing, transporting, purchasing, and selling of natural gas and NGLs. This encompasses a full suite of services related to the transportation and storage of crude oil and NGL products, providing significant support to LPG exporters. As a FORTUNE 500 company, Targa is also part of the S&P 500, underscoring their prominence and reliability in the volatile energy market.
Contact Information
Investors and other interested parties can reach out for more inquiries through Targa's investor relations department via email at InvestorRelations@targaresources.com or by calling (713) 584-1133. The company's leadership team includes Sanjay Lad, Vice President of Finance & Investor Relations; William Byers, Chief Financial Officer; and Jennifer Kneale, President of Finance and Administration.
Frequently Asked Questions
What is the declared dividend amount for Targa Resources?
Targa Resources has declared a quarterly cash dividend of $0.75 per common share for the third quarter of 2024.
When will the dividend be paid?
The dividend will be paid on November 15, 2024, to all shareholders recorded by October 31, 2024.
When will Targa release its third quarter earnings report?
The earnings report will be released before market opening on November 5, 2024.
How can I access the earnings webcast?
The earnings webcast can be accessed through Targa’s website, and it takes place on November 5, 2024, at 11:00 a.m. Eastern Time.
What sectors does Targa Resources operate in?
Targa Resources primarily operates in the midstream sector, focusing on natural gas, NGLs, and crude oil services.
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