Highest-materiality recent filing
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 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 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 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.
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 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