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Barchart
Barchart
Aditya Sarawgi

What You Need To Know Ahead of Targa Resources’ Earnings Release

Targa 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 approximately $38 billion, Targa Resources operates through Gathering and Processing and Logistics and Transportation segments.

The midstream energy giant is set to announce its Q1 results before the market opens on Thursday, May 1. Ahead of the event, analysts expect Targa to report non-GAAP profit of $2.04 per share, up a staggering 67.2% from $1.22 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.

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