Targa Resources Expects To Generate FY23 Adjusted EBITDA Between $3.5 Billion-$3.7 Billion
Portfolio Pulse from Benzinga Newsdesk
Targa Resources has projected its FY23 Adjusted EBITDA to be between $3.5 billion and $3.7 billion. The company's estimate for 2023 total net growth capital expenditures remains unchanged at between $2.0 billion and $2.2 billion, including spending on the Greenwood II and Bull Moose plants.
August 04, 2023 | 12:48 pm
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Targa Resources' FY23 Adjusted EBITDA forecast and unchanged capital expenditure estimates could influence investor sentiment and the company's stock price.
Targa Resources' financial forecasts, including its FY23 Adjusted EBITDA and capital expenditure estimates, are key indicators of the company's financial health and future performance. These figures could influence investor sentiment and potentially impact the company's stock price. However, the direction of the impact is uncertain without additional context, such as market expectations and the company's historical performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100