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Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2022 Earnings Webcast

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Targa Resources Corp. (NYSE: TRGP) declared a quarterly cash dividend of $0.35 per common share for Q4 2022, amounting to $1.40 annually. This dividend will be paid on February 15, 2023, to shareholders on record as of January 31, 2023. Additionally, Targa is set to release its Q4 2022 financial results on February 22, 2023, before market opening, followed by a live webcast at 11:00 a.m. Eastern Time.

As a leading midstream services provider in North America, Targa plays a pivotal role in the delivery of energy resources, supporting cleaner fuels and efficient market connectivity.

Positive
  • Declared quarterly cash dividend of $0.35 per share for Q4 2022.
  • Solid annualized dividend of $1.40 per share.
  • Upcoming Q4 2022 financial results announcement set for February 22, 2023.
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  • None.

HOUSTON, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2022.

Targa announced today that its board of directors has declared a quarterly cash dividend of $0.35 per common share, or $1.40 per common share on an annualized basis, for the fourth quarter of 2022. This cash dividend will be paid February 15, 2023 on all outstanding common shares to holders of record as of the close of business on January 31, 2023.

The Company will report its fourth quarter 2022 financial results before the market opens for trading on Wednesday, February 22, 2023 and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2022 fourth quarter financial results.

Event Information
Event: Targa Resources Corp. Fourth Quarter 2022 Earnings Webcast and Presentation
Date: Wednesday, February 22, 2023
Time: 11:00 a.m. Eastern Time
Webcast: www.targaresources.com under "Events and Presentations" or directly at https://edge.media-server.com/mmc/p/5awdkn55

Replay Information 
A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

Targa is a FORTUNE 500 company and is included in the S&P 500.

For more information, please visit the Company’s website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the timing and success of business development efforts, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact the Company's investor relations department by email at
InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad
Vice President, Finance & Investor Relations

Jennifer Kneale
Chief Financial Officer


FAQ

What is Targa Resources Corp's dividend for Q4 2022?

Targa Resources Corp. declared a quarterly cash dividend of $0.35 per common share for Q4 2022.

When will Targa Resources announce its Q4 2022 financial results?

Targa Resources will announce its Q4 2022 financial results on February 22, 2023, before market opening.

What is the annualized dividend per share for Targa Resources?

The annualized dividend for Targa Resources is $1.40 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 15, 2023, to shareholders of record as of January 31, 2023.

Targa Resources Corp.

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Oil & Gas Midstream
Natural Gas Transmission
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United States of America
HOUSTON