Targa Q2 net income $596.4M, adj EBITDA $666.4M; raises 2022 outlook to $2.85-2.95B

Targa Resources Corp.

2022-Q2 EPS reported $1.66 revenue$11,014,900,000

Net income $596.4M (incl $435.9M gain on sale of GCX Pipeline) vs $56.2M in Q2 2021.
Adjusted EBITDA $666.4M, +6% sequentially; full-year 2022 guidance raised to $2.85-2.95B.
Acquired Lucid Energy for $3.55B in July; funded with term loan, senior notes, revolver draw.
Announced new 275 MMcf/d Greenwood plant (late Q4 2023) and 120 MBbl/d fractionation Train 9 (Q2 2024).
Q2 dividend $0.35/share, paid Aug 15; repurchased 1.12M shares in Q2 at avg $66.07.

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.