Targa Resources

TRGP

Market cap $32.5B

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources (TRGP) have what it takes?

Dassault: Despite solid fundamentals, cyclical downturns have led the share price to decline nearly 40% from its peak, providing the opportunity to purchase shares. Hexagon is poised to see an inflection in return on capital employed (ROCE), cash flow, and share price over the long term. We were happy to purchase Targa shares at a discount to peers based on normalized earnings power and our estimate of intrinsic value.

A strategy of growing dividend income over time might be better than focusing on high current yields.

HOUSTON, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or “the Company”) announced today new organic growth projects to support continuing NGL and natural gas production growth in the Permian Basin and to meet the infrastructure needs of its customers.

HOUSTON, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2024 is now available on the Company's website at https://www.targaresources.com/sustainability. The report provides a review of Targa's performance for calendar year 2024 against various environmental, social, and governance topics that we believe are important to our industry and our business.

Targa Resources Corp. has delivered exceptional total returns and outperformed midstream peers over the past five years, driven by strong financial growth. TRGP remains attractively valued compared to both the S&P 500 and other midstream C-corporations, despite its market outperformance. The company's focus on natural gas in the Permian Basin positions it for continued cash flow growth, with four new processing plants coming online through 2026.

TRGP launches open season for its Forza Pipeline, aiming to boost Delaware Basin gas connectivity to Texas markets by mid-2028.

HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today the launch of a non-binding open season for its proposed Forza Pipeline Project (“Forza Project”), a new interstate natural gas pipeline that will support increasing natural gas production in the Delaware Basin in Southeast New Mexico.

Targa Resources is well positioned in the Permian Basin, driving strong volume and cash flow growth through aggressive capital investment and infrastructure expansion. Despite a lower dividend yield than peers, Targa's buyback program and future dividend growth potential make it attractive for long-term investors. The company maintains a solid balance sheet, manageable leverage, and benefits from tax changes, supporting ongoing growth projects without financial strain.

TRGP benefits from strong global LPG demand, fee-based revenues, tax advantages and Permian scale, but faces risks from overbuild, execution and competition.