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home / news releases / TRGP - Targa Resources Buyback: Sector-Wide Implications

TRGP - Targa Resources Buyback: Sector-Wide Implications

Targa Resources Inc.
  • Targa Resources authorizes share repurchases, sparking confidence into a period of uncertainty.
  • Despite having high leverage, a significantly cut dividend has freed up capital for this use because credit markets have improved.
  • Expect more of this from midstream going forward, with independent entities doubling down on the embedded value in their equity prices.

For further details see:

Targa Resources Buyback: Sector-Wide Implications
Stock Information
Company Name: Targa Resources Inc.
Stock Symbol: TRGP
Market: NYSE
Website: targaresources.com
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