Targa Resources Estimates Full-year 2024 Adjusted EBITDA Of $3.7B-$3.9B, With The Midpoint Of The Range Representing An 8% YoY Increase; Targa's Estimate For 2024 Net Growth Capital Expenditures Is Between $2.3B-$2.5B
Portfolio Pulse from Benzinga Newsdesk
Targa Resources projects its full-year 2024 adjusted EBITDA to be between $3.7B-$3.9B, marking an 8% year-over-year increase. The company also estimates its 2024 net growth capital expenditures to range from $2.3B to $2.5B.
February 15, 2024 | 11:12 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Targa Resources anticipates an 8% YoY increase in adjusted EBITDA for 2024, with projections between $3.7B-$3.9B and net growth capital expenditures estimated at $2.3B-$2.5B.
Targa Resources' optimistic financial projections for 2024, including a significant year-over-year increase in adjusted EBITDA and substantial net growth capital expenditures, suggest a strong growth trajectory and operational expansion. This positive outlook is likely to be well-received by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100