Targa Resources Set to Announce Q4 Earnings on February 19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TRGP?
Source: seekingalpha
- Earnings Announcement Schedule: Targa Resources is set to release its Q4 earnings on February 19 before market open, with consensus EPS estimates at $2.40 and revenue expectations at $4.14 billion, highlighting market focus on the company's profitability.
- Earnings Estimate Changes: Over the last three months, Targa's EPS estimates have seen two upward revisions with no downward adjustments, indicating increased analyst confidence in the company's earnings potential, although revenue estimates experienced one upward and two downward revisions, reflecting cautious market sentiment regarding future growth.
- Industry Outlook Analysis: Market analysis suggests that industry shrinkage may signal a potential recession, casting uncertainty on future growth prospects for Targa Resources, which may face significant market challenges and will need to implement effective strategies to navigate this uncertainty.
- Investor Movements: The Oakmark Select Fund Investor Class increased its stake in Targa Resources during Q4 while exiting positions in CHTR and GLIBK, demonstrating investor confidence in TRGP and optimism regarding its future performance.
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Analyst Views on TRGP
Wall Street analysts forecast TRGP stock price to fall
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 224.290
Low
188.00
Averages
214.75
High
266.00
Current: 224.290
Low
188.00
Averages
214.75
High
266.00
About TRGP
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Targa Resources Set to Announce Q4 Earnings on February 19
- Earnings Announcement Schedule: Targa Resources is set to release its Q4 earnings on February 19 before market open, with consensus EPS estimates at $2.40 and revenue expectations at $4.14 billion, highlighting market focus on the company's profitability.
- Earnings Estimate Changes: Over the last three months, Targa's EPS estimates have seen two upward revisions with no downward adjustments, indicating increased analyst confidence in the company's earnings potential, although revenue estimates experienced one upward and two downward revisions, reflecting cautious market sentiment regarding future growth.
- Industry Outlook Analysis: Market analysis suggests that industry shrinkage may signal a potential recession, casting uncertainty on future growth prospects for Targa Resources, which may face significant market challenges and will need to implement effective strategies to navigate this uncertainty.
- Investor Movements: The Oakmark Select Fund Investor Class increased its stake in Targa Resources during Q4 while exiting positions in CHTR and GLIBK, demonstrating investor confidence in TRGP and optimism regarding its future performance.
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- Earnings Announcement Schedule: Targa Resources is set to release its Q4 earnings on February 19 before market open, with consensus EPS estimates at $2.40 and revenue expectations at $4.14 billion, highlighting market focus on the company's profitability.
- Earnings Estimate Changes: Over the last three months, Targa's EPS estimates have seen two upward revisions with no downward adjustments, indicating increased analyst confidence in the company's earnings potential, although revenue estimates experienced one upward and two downward revisions, reflecting cautious market sentiment regarding future growth.
- Industry Outlook Analysis: Market analysis suggests that industry shrinkage may signal a potential recession, casting uncertainty on future growth prospects for Targa Resources, which may face significant market challenges and will need to implement effective strategies to navigate this uncertainty.
- Investor Movements: The Oakmark Select Fund Investor Class increased its stake in Targa Resources during Q4 while exiting positions in CHTR and GLIBK, demonstrating investor confidence in TRGP and optimism regarding its future performance.
See More
Key Companies to Monitor This Week: PCE, Walmart, Palo Alto, Analog Devices, Deere, and Others
- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
Powell's Tenure Nears End, Market Focuses on His Legacy
- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
See More
Natural Gas Demand Surge Draws Market Attention
- Surge in Natural Gas Demand: The massive snowstorm has led to a significant rise in natural gas demand, drawing attention to midstream companies like Targa Resources, whose stock is nearing all-time highs, reflecting market interest in energy infrastructure.
- Strong Performance by Targa Resources: Targa Resources reported a record adjusted EBITDA of $1.27 billion for Q3 2025, a 19% year-over-year increase, with net income reaching $478.4 million, showcasing robust growth in the natural gas transmission sector.
- Devon Energy Merger Talks: Devon Energy achieved an oil production average of 390,000 barrels per day in Q3 2025 and is in discussions to merge with Coterra Energy, potentially creating a $57 billion independent U.S. shale producer, indicating a trend towards industry consolidation.
- Corteva Raises Guidance: Corteva has raised its full-year 2025 EBITDA guidance to between $3.8 billion and $3.9 billion, representing a 14% growth, highlighting strong performance and renewed market confidence in the agricultural sector.
See More
Cushing Asset Management Increases Stake in Kinetik Holdings
- Share Increase: Cushing Asset Management significantly increased its stake in Kinetik Holdings by purchasing 855,000 shares, bringing its total holdings to 1.8 million shares, reflecting confidence in the company's future performance.
- AUM Impact: This acquisition raises Kinetik Holdings' representation to 3.8% of Cushing's assets under management, indicating its significant position within the fund's investment portfolio.
- Price Volatility: Despite Kinetik's stock price declining by 35.5% over the past year, the company recently raised its quarterly dividend by 4% to $0.81, demonstrating a positive cash flow performance even in challenging conditions.
- Market Comparison: Kinetik's 8.1% dividend yield is substantially higher than the S&P 500's 1.1%, which may attract more investors seeking stable income from the stock.
See More
Winter Storm Fern to Impact Natural Gas Production, Excelerate Energy Stock Soars 28%
- Natural Gas Price Surge: Natural gas prices have jumped 70% in less than two weeks, reaching record highs, which has driven Excelerate Energy (EE) stock up 28% this month, reflecting strong market demand and renewed investor confidence in natural gas supply.
- Production Loss Estimates: Natural gas production is projected to decrease by 10 to 80 billion cubic feet, similar to the 30 billion cubic feet loss caused by Winter Storm Uri in 2021, potentially leading to supply tightness and impacting price volatility in the market.
- Utility Challenges: Heavy snow and freezing rain could lead to widespread power outages for utilities like Exelon (EXC) and NRG Energy (NRG), with analysts projecting a 42% upside for NRG's stock price, indicating confidence in its recovery capabilities amid adverse weather conditions.
- Infrastructure Investment Opportunities: As concerns over grid reliability increase, companies like Quanta Power Services (PWR) may benefit from power line repairs and infrastructure investments, with analysts expecting this to drive long-term investment growth in the energy sector.
See More
