TRGP Earnings Prediction
The chart below shows how TRGP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TRGP sees a -1.08% change in stock price 10 days leading up to the earnings, and a +1.72% change 10 days following the report. On the earnings day itself, the stock moves by +1.22%. This data can give you a slight idea of what to expect for the next quarter's release.
TRGP Key Earning Data
TRGP Earnings Analysis
Positive
Quarterly Adjusted EBITDA Growth: Record quarterly adjusted EBITDA of $1.179 billion, a 22% increase from a year ago, driven by higher Permian volumes and the Badlands transaction.
Share Repurchase Strategy: Opportunistically repurchased nearly $215 million worth of common shares in 2025, enhancing shareholder value.
Natural Gas Volume Increase: Strong operational performance with natural gas inlet volumes in the Permian averaging over 6 billion cubic feet per day, an 11% increase year-over-year.
Volume Growth Forecast: Forecasting significant volume growth in the second half of 2025 due to expected well completions and resilient drilling inventory.
Strong Investment-Grade Balance Sheet: Maintained a strong investment-grade balance sheet with a pro forma consolidated leverage ratio of approximately 3.6x, within the long-term target range of 3x to 4x.
Dividend Increase Announcement: Declared a 33% increase in common dividend for Q1 2025 compared to 2024, reflecting commitment to returning capital to shareholders.
Debt Offering Success: Successful completion of a $2 billion debt offering to fund strategic initiatives and maintain liquidity.
LPG Export Strength: Continued strength in LPG export business with loadings averaging 13.4 million barrels per month and strong global demand for LPGs.
Negative
Winter Weather Impact on Volumes: Targa's volumes were impacted by several winter weather events, leading to a 1% decrease in Permian volumes from the previous quarter.
Operational Turnaround Impact: The planned turnaround at Trains I through III at the CBF fractionation complex affected operations for much of the first quarter and into April.
EBITDA Challenges Amid Price Decline: Despite a record quarterly adjusted EBITDA, the company faced challenges due to lower crude price curves and potential impacts from global tariffs on project costs.
Project Cost Impact: The company anticipates a low-single-digit percentage impact to budgeted project costs across announced projects due to evolving global tariffs, which could affect profitability.
EBITDA Growth Analysis: While Targa reported a 22% increase in adjusted EBITDA year-over-year, the sequential increase was only 5%, indicating potential stagnation in growth momentum.
TRGP FAQs
How does TRGP typically perform around its earnings report dates?
TRGP's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -1.08% change leading up to the report and a +1.72% change in the 10 days following the release.
Is Targa Resources Corp (TRGP) Q1 2025 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TRGP Earning Call Sentiment
Targa Resources Corp. (TRGP) Q1 2025 Earnings Call Transcript
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