Targa Resources (TRGP) Reports Q4 Net Income of $88M

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Targa Resources Corp. Reports First Quarter 2022 Financial Results

May 5, 2022 6:00 AM EDT

HOUSTON, May 05, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (TRGP, the Company or Targa) today reported first quarter 2022 results.

First Quarter 2022 Financial Results

First quarter 2022 net income attributable to Targa Resources Corp. was $88.0 million compared to $146.4 million for the first quarter of 2021.

The Company reported adjusted earnings before interest, income taxes, depreciation and amortization, and other non-cash items (adjusted EBITDA) of $625.8 million for the first quarter of 2022 compared to $515.7 million for the first quarter of 2021.

On April... More