Targa Resources Corp
TRGP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$513.00 | Wqk | Mjyvvfds |
Targa Earnings: Weather Affects Volumes in the Permian, but LPG Exports Skyrocket
Targa's first-quarter earnings generally met our expectations. The 2024 EBITDA guidance by management is unchanged at a midpoint of $3.8 billion, matching our forecast. We expect to leave our fair value estimate unchanged at $99 as well as our no moat rating.