Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast

Targa Resources Corp. (NYSE: TRGP), a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America, has announced its quarterly dividend and the timing of its fourth quarter 2024 earnings webcast. The company, which owns, operates, acquires, and develops a diversified portfolio of complementary domestic midstream infrastructure assets, is committed to providing natural gas and natural gas liquids (NGLs) efficiently and safely to meet the increasing domestic and global demand for cleaner, affordable fuel and feedstocks.

The company declared a quarterly dividend of $0.75 per share, payable on November 15, 2024, to shareholders of record as of the close of business on October 31, 2024. This dividend represents a 33% year-over-year increase and reflects the company's strong financial performance and commitment to returning capital to shareholders.

In addition to the dividend announcement, Targa Resources Corp. also announced the timing of its fourth quarter 2024 earnings webcast. The webcast, which will be held on November 5, 2024, at 11:00 AM EDT, will provide investors and other stakeholders with an opportunity to hear from the company's management team and learn more about its financial performance and strategic initiatives.



Targa Resources Corp.'s strong financial performance and commitment to returning capital to shareholders are reflected in its dividend history. The company has consistently increased its annual dividend for the past four consecutive years, demonstrating its ability to generate earnings and cash flow to support its dividend payouts. In 2023, the company reported revenue of $16.06 billion and earnings of $828.20 million, a decrease of 23.27% and 7.65% compared to the previous year, respectively. Despite the decrease in earnings, the company's strong cash flow generation and earnings stability have enabled it to maintain and increase its dividend payouts.



Targa Resources Corp.'s ability to maintain or increase its dividend payouts in the future will be influenced by several factors, including its financial performance, cash flow generation, and the stability of its earnings. The company's strong financial performance and cash flow generation, as well as its history of increasing dividends, suggest that it is well-positioned to continue paying and potentially increasing its dividends in the future.

In conclusion, Targa Resources Corp.'s announcement of its quarterly dividend and the timing of its fourth quarter 2024 earnings webcast demonstrates the company's commitment to returning capital to shareholders and its strong financial performance. The company's history of increasing dividends and its ability to generate earnings and cash flow suggest that it is well-positioned to continue paying and potentially increasing its dividends in the future. Investors and other stakeholders should closely monitor the company's financial performance and strategic initiatives as it continues to execute on its growth strategy and provide natural gas and NGLs efficiently and safely to meet the increasing domestic and global demand for cleaner, affordable fuel and feedstocks.