Targa Resources Corp (TRGP) reported better-than-expected financial results for the third quarter of fiscal 2025. The company's earnings per share (EPS) reached $2.20, surpassing Wall Street's consensus estimate of $2.13 by $0.07. However, revenue of $4.2 billion fell short of the expected $4.7 billion.
The announcement highlights Targa's operational performance during the quarter, reflecting its role in the energy sector. The company is engaged in gathering, compressing, treating, processing, transporting, and selling natural gas, alongside its logistics and transportation services. Targa operates a diversified portfolio of midstream infrastructure assets across the United States, employing 3,370 full-time staff.
Management will host an earnings conference call at BMO to discuss these results further and provide additional insights into the company's performance.
Investors are encouraged to review the full earnings release and listen to management commentary for complete context on the quarter's performance and future outlook. Targa's market capitalisation stands at $36.93 billion, with a trailing P/E ratio of 22.55 and a dividend yield of 235.5%. Upcoming earnings are scheduled for April 28, 2026, with an EPS estimate of $2.2855 and revenue estimate of $5.4 billion.