Targa Resources (TRGP) shares dipped slightly after the company declared a quarterly cash dividend of $1.00 per share for Q4 2025 and announced an intended increase to $1.25 for Q1 2026, subject to board approval. The company also confirmed the closure of its $1.25 billion acquisition of Stakeholder Midstream, which is expected to add significant fee-based revenue streams and enhance its Permian Basin operations.
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Targa Resources Shares Dip After Dividend Declaration
Targa Resources (TRGP) shares dipped slightly after the company declared a quarterly cash dividend of $1.00 per share for Q4 2025 and announced an intended increase to $1.25 for Q1 2026, subject to board approval. The company also confirmed the closure of its $1.25 billion acquisition of Stakeholder Midstream, which is expected to add significant fee-based revenue streams and enhance its Permian Basin operations.