Targa Resources to acquire Stakeholder Midstream for $1.25 billion

Pipeline operator Targa Resources said on Monday it will acquire Stakeholder Midstream for $1.25 billion in cash.

Reuters • Dec 1, 2025

Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion

Targa Resources agreed to acquire Stakeholder Midstream, which provides natural gas gathering and processing services in the Permian Basin, for $1.25 billion in cash.

WSJ • Dec 1, 2025

Targa Resources Corp. to Acquire Permian Basin Gathering & Processing System for $1.25 Billion

HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) --  Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Stakeholder Midstream, LLC (“Stakeholder”) for $1.25 billion in cash.

GlobeNewsWire • Dec 1, 2025

Targa Resources: Underlying Cash Flow Is Underappreciated

Targa Resources is rated a 'Buy,' with a 12-month price target of $200, reflecting strong growth prospects and undervaluation. TRGP's Q3 results showed robust EBITDA growth, driven by Permian Basin strength, new projects, and higher NGL transportation and export volumes. Aggressive capex is funded by cash flow, with leverage in the target range; future free cash flow growth is expected as expansion projects are completed.

Seeking Alpha • Nov 20, 2025

Oakmark Global All Cap Strategy Q3 2025 Portfolio Positioning

Dassault Systèmes (DASTY) primarily operates in oligopolistic niches, where it maintains what we view as a strong competitive position driven by high switching costs and distinguishes itself from peers through superior innovation and a sustained commitment to R&D. Over the years, Hexagon has strengthened its economic profile through strategic portfolio transformation and continuous innovation leading to a compelling set of value-added technologies today. Targa is a part of a group that controls 90% of the fractionation capacity in the largest hub for NGLs in the world, known as Mont Belvieu.

Seeking Alpha • Nov 10, 2025

Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

HOUSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of their face value, respectively. The Offering is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions.

GlobeNewsWire • Nov 6, 2025

Targa Resources Corp. (TRGP) Q3 2025 Earnings Call Transcript

Targa Resources Corp. ( TRGP ) Q3 2025 Earnings Call November 5, 2025 11:00 AM EST Company Participants Tristan Richardson Matt Meloy - CEO & Director Jennifer Kneale - President William Byers - Chief Financial Officer Robert Muraro - Chief Commercial Officer D. Pryor - President of Logistics & Transportation Patrick McDonie - President of Gathering & Processing Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co, Research Division Spiro Dounis - Citigroup Inc., Research Division Theresa Chen - Barclays Bank PLC, Research Division Keith Stanley - Wolfe Research, LLC Michael Blum - Wells Fargo Securities, LLC, Research Division Manav Gupta - UBS Investment Bank, Research Division Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division John Mackay - Goldman Sachs Group, Inc., Research Division Jean Ann Salisbury - BofA Securities, Research Division Jason Gabelman - TD Cowen, Research Division Sunil Sibal - Seaport Research Partners Brandon Bingham - Scotiabank Global Banking and Markets, Research Division Presentation Operator Thank you for standing by.

Seeking Alpha • Nov 5, 2025

Targa Resources Corp. Reports Record Third Quarter 2025 Results and Announces Expectation for a 25% Increase to its 2026 Common Dividend

HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2025 results.

GlobeNewsWire • Nov 5, 2025

Targa Resources (TRGP) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Targa Resources (TRGP) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Nov 5, 2025

Unlocking Q3 Potential of Targa Resources (TRGP): Exploring Wall Street Estimates for Key Metrics

Evaluate the expected performance of Targa Resources (TRGP) for the quarter ended September 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Zacks Investment Research • Nov 4, 2025