From Stocktwits: 2025-02-20 07:48:15

Targa Resources Corp (TRGP) reported record fourth-quarter adjusted profits but fell short of revenue expectations. The company saw a 4% YoY rise in revenues to $4.41 billion. However, record adjusted EBITDA of $1.1 billion was achieved, attributing the increase to higher volumes in G&P and L&T systems. The firm anticipates full-year 2025 adjusted EBITDA between $4.65 billion and $4.85 billion, expecting growth in Permian operations. TRGP also announced a $1.00 quarterly dividend recommendation and a $1.8 billion preferred equity repurchase agreement with Blackstone. Stocktwits data shows a dip in retail sentiment to ‘bearish’ territory.



Read more at Stocktwits: Targa Reports Record Q4 Adjusted Operating Profit, But Revenue Falls Short Of Street Expectations: Retail Gets More Bearish