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Barchart
Sristi Jayaswal

Here's What to Expect From Targa Resources' Next Earnings Report

Targa Resources TRGP

Houston, Texas-based Targa Resources Corp. (TRGP) owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. With a market cap of $29.8 billion, Targa Resources operates through Gathering and Processing, and Logistics and Transportation segments. It is expected to announce its Q2 earnings before the market opens on Thursday, Aug. 1.

Ahead of the event, analysts expect Targa Resources to report a profit of $1.16 per share, down 19.4% from $1.44 per share reported in the year-ago quarter. The company has missed Wall Street’s EPS projections in three of the past four quarters while surpassing on one other occasion. Its EPS for the last reported quarter grew significantly to $1.22. However, it missed the consensus estimate by 9.6%.

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