Targa Resources Q4 Sales $4.24B Beat $3.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
Targa Resources (NYSE:TRGP) reported Q4 sales of $4.24 billion, surpassing the analyst consensus estimate of $3.85 billion by 10.12%, but marking a 6.92% decrease from the previous year's $4.55 billion.
February 15, 2024 | 11:04 am
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Targa Resources reported Q4 sales of $4.24 billion, exceeding estimates but showing a year-over-year decline.
Beating the sales estimate is likely to be viewed positively by investors, indicating better-than-expected performance. However, the year-over-year decrease might temper some of the optimism, suggesting a mixed short-term impact.
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