TRGP - Mergers and acquisitions

HOUSTON, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2025. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at investorrelations@targaresources.com, or by phone at (713) 584-1133. About Targa Resources Corp

HOUSTON, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") today announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026. For the first quarter of 2026, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.25 per common s

HOUSTON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has closed the previously announced acquisition of Stakeholder Midstream, LLC for $1.25 billion in cash. The acquisition has an effective date of January 1, 2026.   About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets, and its operations are critical to the efficient, safe and reliable delivery of energy across the United

$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flowUnderpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contractsStable volume profile with significant additional economic drilling opportunitiesFurther enhances Targa's leading sour gas treating capabilities and expands Targa's gathering and processing (G&P) footprint in the Permian BasinIncreases scale and cash flow with minimal impact to pro forma leverage 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 S

HOUSTON, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or "the Company") announced today new organic growth projects to support continuing NGL and natural gas production growth in the Permian Basin and to meet the infrastructure needs of its customers. With ~1 million barrels per day of natural gas liquids ("NGLs") currently being transported on Targa's existing NGL transportation system, including volumes from the Pembrook II plant that came online during the third quarter of 2025 in the Permian Midland and is currently running at high utilization, Targa is moving forward with plans to construct the Speedway NGL Pipeline ("Speedway"). Speedway will transpo

HOUSTON, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2024 is now available on the Company's website at https://www.targaresources.com/sustainability. The report provides a review of Targa's performance for calendar year 2024 against various environmental, social, and governance topics that we believe are important to our industry and our business. The report references the Global Reporting Initiative ("GRI") Standards, International Financial Reporting Standards' ("IFRS"), Sustainability Accounting Standards Board's ("SASB") Oil & Gas Midstream Standard, and the Task Force on Climate-Rel

HOUSTON, July 10, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the second quarter of 2025. This cash dividend will be paid August 15, 2025 on all outstanding common shares to holders of record as of the close of business on July 31, 2025. The Company will report its second quarter 2025 financial results before the market opens for trading on Thursday, August 7, 2025, and will host a live webcast at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2025 second quarter finan

HOUSTON, April 10, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $1.00 per common share, or $4.00 per common share on an annualized basis, for the first quarter of 2025, consistent with previously disclosed expectations. This dividend represents a 33 percent increase over the common dividend declared with respect to the first quarter of 2024. This cash dividend will be paid May 15, 2025 on all outstanding common shares to holders of record as of the close of business on April 30, 2025. The Company will report its first quarter 2025 financial result

AUSTIN, Texas, April 3, 2025 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC joint venture ("WPC"), have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers. The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approxi

HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2024. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at investorrelations@targaresources.com, or by phone at (713) 584-1133. About Targa Resources Corp

HOUSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares with respect to the fourth quarter of 2024. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the fourth quarter of 2024. This cash dividend will be paid February 14, 2025, on all outstanding common shares to holders of record as of the close of business on January 31, 2025. For the first quarter of 2025, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.00 per common sha

HOUSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2023 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2023 against various environmental, social, and governance topics that we believe are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2023 calendar year include the following: Decreased Gathering & Boosting (G&B) sector methane intensity by 19%;Exceeded the original methane int

AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in

HOUSTON, June 24, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22, 2024. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer ("CFO"), will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Targa as Chief Financial Officer, reporting to Jen. Will previously served as CFO at Manchester Energy, LLC ("Manchester") and Executive Vice President and CFO at Navitas Midstream Partners

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2023. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at investorrelations@targaresources.com, or by phone at (713) 584-1133. About Targa Resources Corp

HOUSTON, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2022 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2022 against various environmental, social, and governance topics that are important to our industry and our business. Highlights of Targa's Sustainability Report for the 2022 calendar year include the following: Reduced absolute methane emissions by 42% (as based on figures reported to the EPA), making progress towards Targ

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2022. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at investorrelations@targaresources.com, or by phone at (713) 584-1133. About Targa Resources Corp

HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners' 25 percent interest in Targa's Grand Prix NGL Pipeline ("Grand Prix") for $1.05 billion in cash. The acquisition has an effective date of January 1, 2023, with Targa now owning 100 percent of Grand Prix. Grand Prix has capacity to transport up to one million barrels per day of natural gas liquids ("NGL") to the NGL market hub at Mont Belvieu, Texas. Grand Prix connects Targa's gathering and processing positions throughout the Permian Basin, North Texas, and Southern Oklahoma (as wel

HOUSTON, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today a definitive agreement to acquire Blackstone Energy Partners' ("Blackstone") 25 percent interest in Targa's Grand Prix NGL Pipeline ("Grand Prix") for $1.05 billion in cash plus customary working capital adjustments. Targa will own 100 percent of Grand Prix upon closing. Grand Prix has capacity to transport up to one million barrels per day of natural gas liquids ("NGL") to the NGL market hub at Mont Belvieu, Texas. Grand Prix connects Targa's gathering and processing positions throughout the Permian Basin, North Texas, and Southern Oklahoma (as well as third-party posit

HOUSTON, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2021 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance for calendar year 2021 against various environmental, social, and governance topics that are important to our industry. Highlights of Targa's Sustainability Report for the 2021 calendar year include the following: Reduced scope 1 plus scope 2 GHG intensity by 12%Reduced flaring volumes from emissions events by 40%Exported approximately 4.9 bi

Complementary and highly strategic acquisition of leading gathering and processing (G&P) system in the Delaware BasinIncreases Targa's size and scale in the Delaware BasinLong-term fixed-fee contracts increase Targa's overall fee-based marginUnderpinned by long-term high-quality producer dedications$3.55 billion acquisition price represents approximately 7.5 times estimated 2023 adjusted EBITDA multipleNear and longer-term synergy potential reduces acquisition multiple over timeTarga now estimates standalone 2022 adjusted EBITDA to be between $2.675 billion and $2.775 billion and year-end leverage ratio of about 2.7 timesFully cash and debt-financed transaction; expect pro forma year-end 202

BOSTON, May 17, 2022 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a wholly-owned subsidiary of Targa Resources Corp. (NYSE:TRGP) ("Targa") that owns a 25% equity interest in Gulf Coast Express Pipeline ("GCX") for $857 million. GCX is a premier, natural gas pipeline with 2.02 Bcf/d of capacity that is underpinned by a diverse array of shippers under long-term, committed contracts. GCX is operated by Kinder Morgan Inc. and provides critical residue gas takeaway service from the Permian Basin to key US Gulf Coast end-markets, including key emerging demand regions such as the growing liquefied n

HOUSTON, April 21, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Southcross Energy Operating LLC and its subsidiaries in South Texas. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires, and develops a diversified portfolio of complementary midstream infrastructure assets and its operations are essential to the efficient, safe, and reliable delivery of energy across the United States and increasingly

HOUSTON, April 18, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP), a Delaware corporation (the "Company"), today announced that it will deliver a notice of redemption to the holders of 9.5% Series A Preferred Stock (the "Series A Preferred Stock") of the Company to call for redemption on May 3, 2022 (the "Redemption Date") all of the issued and outstanding Series A Preferred Stock pursuant to and in accordance with that certain Certificate of Designations of Series A Preferred Stock of the Company, dated as of March 16, 2016. Following the redemption, there will be no Series A Preferred Stock outstanding, dividends on the Series A Preferred Stock will cease to accumulate and al

HOUSTON, March 23, 2022 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership"), a subsidiary of Targa Resources Corp. (NYSE:TRGP), announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding senior notes listed in the following table upon the terms and conditions described in the Partnership's Offer to Purchase dated March 23, 2022 (the "Offer to Purchase"). Issuer(1) Title of Security CUSIPNumber PrincipalAmountOutstanding PurchasePrice per$1,000 ofNotesTarga Resources Partners LP 5.875% Senior Notes due 2026 87612BBJ0 $963,247,000 $1,030.88 ____________________(1) Targa Resources Pa

HOUSTON, March 17, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has executed agreements to acquire Southcross Energy Operating LLC and its subsidiaries in South Texas for $200 million. Transaction Highlights Attractive acquisition price represents approximately 4 times adjusted EBITDA multipleFurther synergy potential to reduce acquisition multiple over timePotential to move a currently idle 200 million cubic feet per day plantFee-based contracts, with the vast majority of volumes being low pressure wellhead gatheringContinued simplification through acquisition of remaining T2 joint venture interests Wells Fargo Securities

HOUSTON, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC" or the "Company") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2021. The report may be accessed at www.sec.gov. The report is also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at investorrelations@targaresources.com, or by phone at (713) 584-1133. About Targa Resources Corp. Targa Res

HOUSTON, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has executed agreements selling its wholly-owned subsidiary that holds a 25 percent equity interest in the Gulf Coast Express Pipeline ("GCX") for $857 million. Targa expects to receive the full proceeds from the sale in the second quarter of 2022 following a customary call right period in favor of the other members of GCX. J.P. Morgan is serving as Targa's financial advisor and Vinson & Elkins LLP is acting as Targa's legal counsel on the transaction. About Targa Resources Corp. Targa Resources Corp. is a leading provider of midstream services and is one of th

HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that it has executed agreements to repurchase interests in its development company joint ventures ("DevCo JVs") from investment vehicles affiliated with Stonepeak Partners LP ("Stonepeak") for approximately $925 million. Targa had approximately $3.2 billion of available liquidity at December 31, 2021 and intends to fund the DevCo acquisition using available liquidity. The acquisition will close on January 14, 2022. Pro forma, Targa will own a 75 percent interest in its Grand Prix NGL Pipeline, 100 percent of its Train 6 fractionator in Mont Belvieu, TX, and a 25 percent

HOUSTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC ("Targa NGL Pipeline"), a wholly owned subsidiary of the Company, has launched an open season commencing November 18, 2021 and closing December 17, 2021 to gauge shipper interest in committed interstate transportation service for natural gas liquids ("NGLs") from a planned interconnection with upstream pipeline facilities in Stephens and Grady counties, Oklahoma to Mont Belvieu, Texas. This open season will provide an opportunity for shippers to secure firm capacity for NGL transportation subject to the terms of their transportation

HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") today announced it has entered into agreements to source renewable electricity from Concho Valley Solar, LLC ("Concho Valley Solar") to provide power to Targa's natural gas processing infrastructure in the Permian Basin in West Texas. Concho Valley Solar is a joint development between Merit SI and Komipo America, Inc. Concho Valley Solar initiated construction of the 160 MWac project near San Angelo in Tom Green County, Texas in the fourth quarter of 2021 and is expected to begin delivery of clean, renewable energy during the fourth quarter of 2022. Concho Valley Solar will deliver lo

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2020 is now available on the Company's website at https://www.targaresources.com/sustainability. The report advances Targa's sustainability disclosures and provides a review of Targa's performance against various environmental, social, and governance topics that are important to our industry. Highlights of Targa's 2020 Sustainability Report include the following: Achieved a 34% decrease in flaring volumes from emissions events and a 16% decrease in the total number of flaring incidentsDeveloped a goal to reduce methane intensity to 0.

HOUSTON, July 15, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the second quarter of 2021. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the second quarter of 2021. This cash dividend will be paid August 16, 2021 on all outstanding common shares to holders of record as of the close of business on July 30, 2021. Targa also announced today that its board of directors has declared a quarterly cash dividend of

HOUSTON, May 06, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC", the "Company" or "Targa") today reported first quarter 2021 results. First Quarter 2021 Financial Results First quarter 2021 net income attributable to Targa Resources Corp. was $146.4 million compared to a net loss of ($1,737.8) million for the first quarter of 2020. The net loss in the first quarter of 2020 was primarily related to the non-cash pre-tax impairment loss of $2,442.8 million associated with the Company's long-lived assets. The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items ("Adjusted EBITDA") of $515.7 million for t

HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. ("Targa" or the "Company") (NYSE:TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the first quarter of 2021. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the first quarter of 2021. This cash dividend will be paid May 14, 2021 on all outstanding common shares to holders of record as of the close of business on April 30, 2021. Targa also announced today that its board of directors has declared a quarterly cash dividend of $2

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("TRC" or the "Company") and Targa Resources Partners LP ("Targa Resources Partners" or the "Partnership") have filed their respective Form 10-Ks with the Securities and Exchange Commission (SEC) for the year ended December 31, 2020. The reports may be accessed at www.sec.gov. The reports are also available in the Investors section of the Company's website at www.targaresources.com, or by going directly to https://www.targaresources.com/investors/financial-information/sec-filings. Hard copies of the report may be ordered free of charge by contacting the Company's investor relations department by email at invest

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2020 results. Fourth Quarter and Full Year 2020 Financial Results Fourth quarter 2020 net income (loss) attributable to Targa Resources Corp. was $33.6 million compared to ($112.8) million for the fourth quarter of 2019. In the fourth quarter of 2019, the Company recorded a non-cash pre-tax impairment charge of $225.3 million for the partial impairment of certain gas processing facilities and gathering systems associated with Targa’s Central and Coastal operations. For the full year 2020, net income (loss) attributable to Targa was ($

HOUSTON, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced that it continues to expect to report its fourth quarter 2020 financial results before the market opens for trading on Thursday, February 18, 2021, but as a result of the impacts of severe winter weather, is rescheduling its live webcast to discuss fourth quarter and full year 2020 results to Tuesday, February 23, 2021 at 12:00 p.m. Eastern Time (11:00 a.m. Central Time). Event InformationEvent: Targa Resources Corp. Fourth Quarter 2020 Earnings Webcast and PresentationDate: Tuesday, February 23, 2021Time: 12:00 p.m. Eastern TimeWebcast: www.targaresources.com under "Events a

HOUSTON, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 5 1/8% senior notes due 2025 (the “2025 Notes”) expired at 5:00 p.m., New York City time, on February 1, 2021, (the “Expiration Time”). As of the Expiration Time, $152,123,000 aggregate principal amount of the 2025 Notes (31.63%) were validly tendered, which excludes $5,816,000 aggregate principal amount of the 2025 Notes that remain subject to guaranteed delivery procedures. Targa Resources Partners expect

HOUSTON, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the fourth quarter of 2020. Targa announced today that its board of directors has declared a quarterly cash dividend of $0.10 per common share, or $0.40 per common share on an annualized basis, for the fourth quarter of 2020. This cash dividend will be paid February 16, 2021 on all outstanding common shares to holders of record as of the close of business on February 1, 2021. Targa also announced today that its board of directors has declared a quarterly cash d

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today the pricing of an upsized offering of $1.0 billion in aggregate principal amount of senior unsecured notes due 2032 (the “2032 Notes”). The 2032 Notes will accrue interest at a rate of 4% per annum, will mature on January 15, 2032, and were priced at par. The offering is expected to close on February 2, 2021, subject to customary closing conditions. The Partnership intends to use a portion of the net proceeds from the offering to fund the previously annou

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States pursuant to Regulation S under the Securities Act, $750.0 million in aggregate principal amount of senior unsecured notes due 2032. The Partnership intends to use a portion of the net proceeds from t

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding senior notes listed in the following table upon the terms and conditions described in the Partnership’s Offer to Purchase dated January 19, 2021 (the “Offer to Purchase”). Issuer(1) Title of Security CUSIPNumber Principal Amount Outstanding Purchase Price per $1,000 of NotesTarga Resources Partners LP 5.125% Senior Notes due 2025 87612BBB7 $480,986,000 $1,026.88 ____________________(1) Targa Resources