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Barchart
Barchart
Kritika Sarmah

What to Expect From Targa Resources' Q3 2024 Earnings Report

Targa Resources TRGP

Targa Resources Corp. (TRGP), based in Houston, Texas, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. With a market cap of $36.8 billion, Targa Resources operates through Gathering and Processing, as well as Logistics and Transportation segments. It is expected to announce its Q3 earnings before the market opens on Tuesday, November 5.

Ahead of the event, analysts expect Targa Resources to report a profit of $1.57 per share, up 61.9% from $0.97 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 beat the consensus estimate by 9.9%.

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