Reported 5 months ago
Targa Resources, often overshadowed by larger pipeline companies, has seen its stock soar over 30% this year, significantly outperforming the S&P 500. The company anticipates a substantial increase in free cash flow in 2025 due to upcoming expansion projects, leading to a potentially continued rally in its stock. With a record-setting 2023 performance and plans for further growth, including increased dividends and share buybacks, Targa Resources is positioned for continued success.
Source: YAHOO