Targa Resources reports Q3 results

Nov. 03, 2022 6:04 AM ETTarga Resources Corp. (TRGP)By: Deepa Sarvaiya, SA News Editor
  • Targa Resources press release (NYSE:TRGP): Q3 Net income of $193.1M
  • Revenue of $5.36B (+20.2% Y/Y) misses by $1.53B.
  • adjusted EBITDA of $768.6 million
  • 2022 Outlook: While commodity prices were significantly lower in the third quarter than the assumptions underlying Targa’s last provided financial estimates for 2022, there is no change to the Company’s expectation to generate full year adjusted EBITDA between $2.85 billion and $2.95 billion.

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