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TRGPBearishEarningsnews
Materiality pending

Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y

May 7, 2024, 9:34 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- TRGP reports Q1 2024 earnings of $1.22/share, missing estimates due to lower sales. - Revenues at $4.6 billion, beating expectations, adjusted EBITDA up from prior year. - Company declares 75 cent/quarter dividend, 50% increase from year-ago quarter. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings

  • TRGP reports Q1 2024 earnings of $1.22/share, missing estimates due to lower sales.
  • Revenues at $4.6 billion, beating expectations, adjusted EBITDA up from prior year.
  • Company declares 75 cent/quarter dividend, 50% increase from year-ago quarter.

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