Targa Resources Q4 Earnings Miss Estimates, Revenues Increase Y/Y
Portfolio Pulse from
Targa Resources (TRGP) reported its Q4 earnings, which missed estimates, but showed a year-over-year increase in revenues. The company's adjusted EBITDA for the quarter was $1.1 billion, up from $959.9 million in the previous year.
February 27, 2025 | 12:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Targa Resources reported Q4 earnings that missed estimates, but revenues increased year-over-year. Adjusted EBITDA rose to $1.1 billion from $959.9 million.
The earnings miss could negatively impact the stock price, but the year-over-year revenue increase and higher adjusted EBITDA may offset this. The net impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100