Targa Resources: Growth And Cash Flow Inflection Support The Rally

Impact · against what's priced in

Targa Resources is seeing a positive catalyst driven by upwardly revised EBITDA guidance and a shift toward free cash flow generation as capital expenditures decline. The combination of structural Permian Basin growth and double-digit dividend targets provides a strong fundamental basis for a valuation rerating.

TRGP+0.70

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In context

The raise in EBITDA guidance to $5.7–$5.9 billion and the expected decline in capital expenditures create a tangible inflection point for free cash flow and dividend growth.

Read from the article alone

• TRGPNew
• cash flow
• dividends
• cap ex
• ebitda
• energy exports
• midstream
• ngl
• permian basin