Targa Resources (TRGP) Reports Q3 Revenue Beat

Targa Resources (NYSE: TRGP) reported Q3 revenue for the quarter came in at $2.12 billion versus the consensus estimate of $1.97 billion.

2020 Outlook

As previously disclosed, Targa estimates its full year 2020 Adjusted EBITDA to be at or around the high end of its previously provided outlook of $1.5 billion to $1.625 billion. Targa also estimates that its 2020 net growth capital spending to be around $700 million, and now estimates that its full year 2020 net maintenance capital to be approximately $110 million.

For earnings history and earnings-related data on Targa Resources (TRGP) click here.

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