---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-121056"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:15:41.114719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-121056
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000095017024121056/0000950170-24-121056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000095017024121056/trgp-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-121056
- JSON: https://secwatch.observer/filing/0000950170-24-121056.json
- Plain text: https://secwatch.observer/filing/0000950170-24-121056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.