• Targa Resources Corp TRGP.N reported quarterly adjusted earnings of $2.51​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of sixteen analysts for the quarter was for earnings of $2.30 per share. Wall Street expected results to range from $2.06 to $2.48 per share.

• Revenue fell 6.7% to $4.11 billion from a year ago; analysts expected $4.66 billion.

• Targa Resources Corp's reported EPS for the quarter was $2.56​.

• The company reported quarterly net income of $542 million.

• Targa Resources Corp shares had risen by 21.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for Targa Resources Corp is $218.68, about 2.5% below its last closing price of $224.16

This summary was machine generated from LSEG data February 20 at 05:58 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)