Targa reports record Q3 adjusted EBITDA $1.07B; guides 2024 above top end $4.05B; plans 33% dividend increase to $4.00

Targa Resources Corp.

2024-Q3 EPS reported $4.30 revenue$11,976,200,000

Net income $387.4M vs $220M YoY; adjusted EBITDA $1,069.7M record.
Expects 2024 adjusted EBITDA above $3.95-4.05B range (guidance raise).
Plans to recommend $4.00 annual dividend for 2025, a 33% increase from $3.00.
Completed Daytona NGL expansion; new plants in Permian; credit upgrades to BBB/Baa2.
Repurchased $168M of stock in Q3; $1.1B remaining under buyback programs.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.