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 $47.4 billion, Targa Resources operates through Gathering and Processing, and Logistics and Transportation segments.
The midstream energy giant is set to announce its Q4 results before the market opens on Thursday, Feb. 20. Ahead of the event, analysts expect Targa to report a non-GAAP profit of $1.92 per share, up a staggering 56.1% from $1.23 per share reported in the year-ago quarter. While the company has surpassed Wall Street’s earnings projections twice over the past four quarters, it has missed the estimates on two other occasions. Its adjusted EPS for the last reported quarter surged 80.4% year-over-year to $1.75, exceeding the consensus estimates by 10.8%.
