trending Market Intelligence /marketintelligence/en/news-insights/trending/h1DF3vb4VicEUPLgYq3ExQ2 content esgSubNav
In This List

Targa posts lower Q2 results but beats analyst expectations

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Targa posts lower Q2 results but beats analyst expectations

Targa Resources Corp. on Aug. 8 reported second-quarter adjusted EBITDA of $306.5 million, a drop from $315.2 million in the prior-year period.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate for the quarter was $285.5 million.

The company's distributable cash flow in the second quarter was $192.0 million, a drop from $225.1 million a year earlier.

Targa reported a net loss attributable to the company of $10.2 million, falling from an income of $109.1 million a year earlier.