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Targa Resources ( (TRGP) ) has issued an update.
On November 6, 2025, Targa Resources Corp. announced the pricing of a $1.75 billion public offering of senior notes, consisting of $750 million in 4.350% Senior Notes due 2029 and $1 billion in 5.400% Senior Notes due 2036. The offering aims to redeem existing 6.875% Senior Notes due 2029 and support general corporate purposes, including debt repayment and funding capital expenditures. The transaction, involving major underwriters like BofA Securities and Citigroup Global Markets, underscores Targa’s strategic financial maneuvers to optimize its capital structure and enhance operational flexibility.
The most recent analyst rating on (TRGP) stock is a Hold with a $192.00 price target. To see the full list of analyst forecasts on Targa Resources stock, see the TRGP Stock Forecast page.
Spark’s Take on TRGP Stock
According to Spark, TipRanks’ AI Analyst, TRGP is a Neutral.
Targa Resources’ overall score is driven by strong earnings call performance and strategic growth initiatives, which are offset by high leverage and bearish technical indicators. The company’s moderate valuation and proposed dividend increase provide additional support to the score.
To see Spark’s full report on TRGP stock, click here.
More about Targa Resources
Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America. The company owns, operates, acquires, and develops a diversified portfolio of domestic infrastructure assets, crucial for the efficient, safe, and reliable delivery of energy across the United States and globally. Targa’s assets connect natural gas and natural gas liquids to domestic and international markets with a growing demand for cleaner fuels and feedstocks.
Average Trading Volume: 1,529,178
Technical Sentiment Signal: Strong Buy
Current Market Cap: $35.01B
Find detailed analytics on TRGP stock on TipRanks’ Stock Analysis page.