Targa Resources Earnings Reports

Targa Resources Corp. reported record adjusted EBITDA of $1,178.5 million for the first quarter of 2025, a 22% increase compared to the prior year period, driven by growth in the Permian Basin and higher marketing margin. Net income attributable to Targa Resources Corp. slightly decreased to $270.5 million compared to $275.2 million in the first quarter of 2024. Volumes were negatively impacted by winter weather events and planned maintenance.

Targa Resources Corp. reported a net income attributable to Targa Resources Corp. of $351.0 million for Q4 2024, compared to $299.6 million for Q4 2023. The company's adjusted EBITDA for the fourth quarter of 2024 was $1,122.2 million, compared to $959.9 million for the fourth quarter of 2023. The company announced refinancing of Badlands Preferred Equity.

Targa Resources Corp. reported strong third quarter 2024 results, achieving a record adjusted EBITDA of $1,069.7 million, up from $840.2 million in the third quarter of 2023. The company saw increased volumes across its Gathering and Processing and Logistics and Transportation systems and expects full year 2024 adjusted EBITDA to be above the top end of its $3.95 billion to $4.05 billion range. They also announced expectations for a 33% year-over-year increase to its 2025 common dividend.