Targa Resources Corp. (TRGP), engaged in developing complementary domestic midstream infrastructure assets, reported mixed fiscal 2024 second-quarter results. The company posted revenue of $3.56 billion, missing the analysts’ expectations of $4.47 billion. Also, its income from operations decreased 3.4% from the prior-year quarter to $627.20 million.
However, TRGP has gained in the year-to-date period, when its stock rose by 75.2%. Such price changes allow investors to benefit substantially. Over the past six months, TRGP’s shares have soared 39.5% and 78.8% over the past year to close its last trading session at $152.21.
