Global Finance News
01 May 2025, 16:01
Targa Resources Reports Record Q1 2025 Results with 22% EBITDA Growth and 33% Dividend Hike
Targa Resources Corp. (NYSE: TRGP) announced first quarter 2025 results, delivering record adjusted EBITDA of $1.18 billion, a 22% increase from $966.2 million in Q1 2024. Net income for the quarter was $270.5 million, slightly down from $275.2 million a year earlier.
Key developments include:
- A 33% year-over-year dividend increase, with the quarterly payout raised to $1.00 per share ($4.00 annualized).
- $214 million in share repurchases through April 2025, including $124.9 million in Q1 and $89.0 million post-quarter.
- Full-year 2025 adjusted EBITDA guidance remains between $4.65 billion and $4.85 billion.
- Capital expenditure estimates for 2025 remain unchanged at $2.6 billion to $2.8 billion.
The $217 million Q1 dividend will be paid on May 15, 2025, to shareholders of record as of April 30.
Targa Resources Corp. (NYSE: TRGP) announced first quarter 2025 results, delivering record adjusted EBITDA of $1.18 billion, a 22% increase from $966.2 million in Q1 2024. Net income for the quarter was $270.5 million, slightly down from $275.2 million a year earlier.
Key developments include:
- A 33% year-over-year dividend increase, with the quarterly payout raised to $1.00 per share ($4.00 annualized).
- $214 million in share repurchases through April 2025, including $124.9 million in Q1 and $89.0 million post-quarter.
- Full-year 2025 adjusted EBITDA guidance remains between $4.65 billion and $4.85 billion.
- Capital expenditure estimates for 2025 remain unchanged at $2.6 billion to $2.8 billion.
The $217 million Q1 dividend will be paid on May 15, 2025, to shareholders of record as of April 30.
