Targa Resources Q3 Earnings Beat on Permian Volume Strength
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Targa Resources reported strong Q3 earnings, with adjusted EBITDA rising to $1.1 billion from $840.2 million last year, driven by increased Permian volume.
November 12, 2024 | 1:30 pm
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Targa Resources' Q3 earnings exceeded expectations, with adjusted EBITDA increasing significantly due to strong Permian volume.
The significant increase in adjusted EBITDA from $840.2 million to $1.1 billion indicates strong financial performance, likely boosting investor confidence and positively impacting TRGP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100