Will TRGP's Q1 2025 earnings beat forecasts?

**Targa Resources' Q1 2025 earnings are likely to beat forecasts.** Here's why:

1. **Strong Financial Outlook**: Targa Resources has projected an estimated EPS of $2.04 for Q1 2025, which is the figure analysts are likely to beat. Additionally, the estimated revenue for the quarter is $5.28 billion.

2. **Analyst Confidence**: Recent analyst actions suggest confidence in Targa's performance. Truist Securities and RBC Capital have increased their price targets for the stock, indicating a positive outlook.
3. **Growth Projects**: Targa's extensive expansion projects are expected to significantly enhance the company's capacities, which should bolster earnings and free cash flow. These projects include adding gas processing capacity and increasing NGL transportation and fractionation capacities.
4. **Historical Performance**: Targa Resources has a track record of strong performance. For instance, the company delivered record earnings and growth, with a focus on meeting producer demand while maintaining long-term financial goals.

In conclusion, Targa Resources is poised to deliver strong Q1 2025 earnings, likely exceeding market forecasts. The company's financial projections, analyst optimism, strategic growth initiatives, and historical performance indicators support this positive outlook.