Targa Resources Q2 Sales $3.560B Miss $4.474B Estimate
Portfolio Pulse from Benzinga Newsdesk
Targa Resources (NYSE:TRGP) reported Q2 sales of $3.560 billion, missing the analyst consensus estimate of $4.474 billion by 20.42%. This represents a 4.58% increase over the same period last year.
August 01, 2024 | 10:03 am
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Targa Resources reported Q2 sales of $3.560 billion, missing the analyst consensus estimate of $4.474 billion by 20.42%. Despite the miss, sales increased by 4.58% year-over-year.
The significant miss on sales estimates is likely to negatively impact TRGP's stock price in the short term. However, the year-over-year sales increase may provide some support.
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