Targa Resources Corp Stock Drops 6.46% Despite 223rd Rank in Trading Volume

On April 10, 2025, Targa Resources Corp. (TRGP) experienced a significant decline in its stock price, dropping by 6.46%. The trading volume for the day was 5.39 billion, marking a 42.23% decrease from the previous day. This placed Targa at the 223rd position in terms of trading volume for the day.

Targa Resources Corp. has announced a substantial increase in its quarterly cash dividend to $1.00 per common share for the first quarter of 2025. This represents a 33% increase compared to the same period in 2024. The dividend will be paid on May 15, 2025, to shareholders of record as of April 30, 2025. The company is scheduled to release its Q1 2025 financial results before the market opens on May 1, 2025, followed by a live webcast to discuss the quarterly performance.

The dividend increase and the upcoming financial results release are expected to boost investor confidence in the company. Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America. The company's operations are critical to the efficient, safe, and reliable delivery of energy across the United States and increasingly to the world. The company's assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks.