Highest-materiality recent filing
Targa Resources shareholders elect all four Class I directors, ratify auditor, approve say-on-pay
Paul W. Chung, Charles R. Crisp, Laura C. Fulton, and R. Keith Teague elected as Class I directors for three-year terms.
Targa reports record Q1 adjusted EBITDA of $1.4B, raises FY2026 guidance to $5.7-5.9B
Q1 net income $480M vs $271M YoY; adjusted EBITDA $1,403M (+19% YoY).
Targa Resources issues $1.5B in senior notes (4.350% 2031, 6.050% 2056)
Issued $750M 4.350% senior notes due 2031 and $750M 6.050% senior notes due 2056.
Targa Resources prices $1.5B senior notes offering in two tranches
Issued $750M 4.350% Senior Notes due 2031 and $750M 6.050% Senior Notes due 2056.
Targa posts record 2025 adjusted EBITDA of $4.96B, raises dividend 25% for 2026
Record Q4 adjusted EBITDA $1.34B vs $1.12B prior year; full year $4.96B (+20% YoY).
Targa closes $1.75B debt offering; $750M 4.350% notes due 2029, $1B 5.400% notes due 2036
Issued $750M of 4.350% Senior Notes due 2029 and $1.0B of 5.400% Senior Notes due 2036.
Targa Resources prices $1.75B senior notes offering; proceeds to redeem existing 6.875% notes
$750M of 4.350% Senior Notes due 2029 priced at 99.938% of face value.
Targa Q3 adjusted EBITDA record $1.27B, up 19% YoY; plans 25% dividend increase for 2026
Q3 net income $478.4M vs $387.4M YoY; adjusted EBITDA $1,274.8M record (+19% YoY, +10% sequential).
Targa Q2 adj. EBITDA $1.16B (+18% YoY); new $1B buyback authorized
Q2 net income $629.1M (vs $298.5M); adj. EBITDA $1,163M, +18% YoY.
Targa Resources President of Logistics & Transportation to retire; successor appointed
D. Scott Pryor to retire as President – Logistics and Transportation effective March 1, 2026; not due to any disagreement.
Targa extends receivables securitization facility to August 31, 2026
Sixteenth Amendment extends facility termination date to August 31, 2026.
Targa Resources completes $1.5B notes offering; proceeds to redeem 6.5% 2027 notes
Issued $750M aggregate principal of 4.900% Senior Notes due 2030 and $750M of 5.650% Senior Notes due 2036.
Targa Resources prices $1.5B senior notes offering; 4.900% due 2030 and 5.650% due 2036
$750M of 4.900% Senior Notes due 2030 priced at 99.870% and $750M of 5.650% Senior Notes due 2036 priced at 99.700%.
Targa Resources shareholders elect all four Class III directors at 2025 annual meeting
Ratified PricewaterhouseCoopers as independent auditor with 192.6M votes for, 5.1M against.
Targa posts record Q1 adjusted EBITDA of $1.18B, up 22% YoY; dividend increased 33%
Record Q1 adjusted EBITDA $1,178.5M vs $966.2M YoY (+22%); net income $270.5M vs $275.2M.
Targa Resources completes $2B senior notes offering; proceeds for Badlands JV buyout
Issued $1.0B of 5.550% Senior Notes due 2035 and $1.0B of 6.125% Senior Notes due 2055.
Targa Resources prices $2.0B senior notes offering to fund Badlands buyout and general purposes
$1.0B 5.550% Senior Notes due 2035 priced at 99.610% of face value.
Q4 adjusted EBITDA $1,122M vs $960M YoY (+17%); net income $351M vs $299.6M.
Targa Resources names Jennifer R. Kneale President effective March 1, 2025
Jennifer R. Kneale appointed President of Targa Resources Corp., effective March 1, 2025.
Net income $387.4M vs $220M YoY; adjusted EBITDA $1,069.7M record.
Targa extends AR securitization facility termination date to Aug 2025
Fifteenth Amendment to Receivables Purchase Agreement signed Aug 26, 2024.
Targa Resources closes $1.0B offering of 5.500% Senior Notes due 2035
Issued $1.0 billion aggregate principal of 5.500% Senior Notes due 2035 on August 9, 2024.
Targa Resources prices $1.0B of 5.500% Senior Notes due 2035
Offering of $1.0B aggregate principal of 5.500% Senior Notes due February 15, 2035.
Record Q2 adjusted EBITDA $984.3M (up 25% YoY); net income $298.5M vs $329.3M.
Targa Resources appoints new CFO; current CFO moves to President-Finance & Admin
Jennifer R. Kneale becomes President – Finance and Administration effective July 22, 2024; salary raised to $680,000.
Targa Resources CAO Julie Boushka to retire Mar 1, 2025; J. Christopher Eklof appointed successor
Julie Boushka steps down as SVP & CAO effective March 1, 2025; retirement not due to disagreement.
Targa Resources Announces 2024 Annual Meeting Stockholder Voting Results
Three Class II directors elected: Beth A. Bowman (177.5M for), Lindsey M. Cooksen (158.3M for), Joe Bob Perkins (163.7M for).
Targa Q1 adjusted EBITDA record $966.2M; dividend raised 50%; guides FY $3.7-3.9B
Net income $275.2M vs $497.0M YoY; record adj. EBITDA $966.2M (up 2.7% YoY).
Targa Resources Corp. (the “Company”) announced today that Jennifer R. Kneale was appointed President, effective March 1, 2025.
the Board also appointed William A. Byers to serve as the Company’s Chief Financial Officer, effective as of July 22, 2024.
On May 15, 2024, Julie H. Boushka gave notice to Targa Resources Corp. (the “Company”) of her intent to retire from her position as Senior Vice President and Chief Accounting Officer of the Company, effective March 1, 2025.
On May 16, 2024, the Board of Directors of the Company appointed J. Christopher Eklof, age 55, as Senior Vice President and Chief Accounting Officer of the Company, effective March 1, 2025.
Max materiality 0.90 · Median 0.60 · Most common event debt