Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Targa Resources Corp., a key player in the midstream energy sector, presented its first-quarter 2025 earnings, demonstrating a mixed performance influenced by a combination of operational excellence and market challenges.</li><li>The company reported record adjusted EBITDA driven by strong activity in the Permian Basin, despite facing adverse winter weather conditions that impacted volumes.</li><li>However, the company's proactive approach to managing these interruptions, including strategic purchase and storage of steel to mitigate potential tariff impacts, stands out as a positive aspect.</li></ul>

Targa Resources Corp., a key player in the midstream energy sector, presented its first-quarter 2025 earnings, demonstrating a mixed performance influenced by a combination of operational excellence and market challenges.The company reported record adjusted EBITDA driven by strong activity in the Permian Basin, despite facing adverse winter weather conditions that impacted volumes.However, the company's proactive approach to managing these interruptions, including strategic purchase and storage of steel to mitigate potential tariff impacts, stands out as a positive aspect.

Targa Resources: An Insight Into Its Permian Basin Positioning

<ul><li>Targa Resources Corp has reported strong financial performance for the fourth quarter of 2024 and the full year, showcasing a period of significant growth and robust operational metrics.</li><li>The company achieved record volumes, particularly from its assets in the Permian Basin, which drove the record levels of NGL transportation, fractionation, and export volumes, exceeding initial forecasts.</li><li>This robust performance resulted in a 17% increase in adjusted EBITDA year-over-year, reaching $4.1 billion, and an adjusted free cash flow generation that facilitated a 50% increase in common dividends and substantial share repurchases.</li></ul>

Targa Resources Corp has reported strong financial performance for the fourth quarter of 2024 and the full year, showcasing a period of significant growth and robust operational metrics.The company achieved record volumes, particularly from its assets in the Permian Basin, which drove the record levels of NGL transportation, fractionation, and export volumes, exceeding initial forecasts.This robust performance resulted in a 17% increase in adjusted EBITDA year-over-year, reaching $4.1 billion, and an adjusted free cash flow generation that facilitated a 50% increase in common dividends and substantial share repurchases.

Targa Resources: An Insight Into Its Permian Basin Expansion & Major Growth Catalysts!

<ul><li>Targa Resources Corp. has demonstrated a robust performance during the third quarter of 2024, with record volumes and adjusted EBITDA, suggesting a significant growth trajectory.</li><li>The company's strategic positioning in volatile markets, a strong Permian Basin presence, and a focus on fee-based or fee floor contracts, primarily in the Gathering and Processing (G&P) segments, have mitigated exposure to commodity price downturns.</li><li>Notably, Targa has invested in long-term growth by expanding its infrastructure and capacity through key projects, such as the construction of new processing plants and sour gas treating facilities in the Permian Delaware Basin, expected to be operational by the upcoming years.</li></ul>

Targa Resources Corp. has demonstrated a robust performance during the third quarter of 2024, with record volumes and adjusted EBITDA, suggesting a significant growth trajectory.The company's strategic positioning in volatile markets, a strong Permian Basin presence, and a focus on fee-based or fee floor contracts, primarily in the Gathering and Processing (G&P) segments, have mitigated exposure to commodity price downturns.Notably, Targa has invested in long-term growth by expanding its infrastructure and capacity through key projects, such as the construction of new processing plants and sour gas treating facilities in the Permian Delaware Basin, expected to be operational by the upcoming years.

Targa Resources: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

<ul><li>Targa Resources Corporation reported their second-quarter 2024 earnings with several positive outcomes and a few considerations for investors.</li><li>The company navigated through Hurricane Beryl with minimal impact on its operations, demonstrating effective crisis management and highlighting the resilience of its infrastructure.</li><li>Significant milestones included the completion of the Train 9 fractionator and Roadrunner II plant in the Permian, both of which came online as planned and within budget.</li></ul>

Targa Resources Corporation reported their second-quarter 2024 earnings with several positive outcomes and a few considerations for investors.The company navigated through Hurricane Beryl with minimal impact on its operations, demonstrating effective crisis management and highlighting the resilience of its infrastructure.Significant milestones included the completion of the Train 9 fractionator and Roadrunner II plant in the Permian, both of which came online as planned and within budget.

Targa Resources Corp.: Expanding Integrated Infrastructure To Push Growth! - Major Drivers

<ul><li>Targa Resources Corporation has presented its second quarter 2024 results, emphasizing strong performance across several fronts.</li><li>The highlight of the quarter includes the operational beginning of the Train 9 fractionator in Mont Belvieu and the Roadrunner II plant in Permian Delaware, indicating a robust strategic growth in asset developments.</li><li>These expansions are timely and critical due to the increasing volume across Targa's systems, driven by record volumes in the Permian that led to elevated NGL transportation and fractionation volumes downstream.</li></ul>

Targa Resources Corporation has presented its second quarter 2024 results, emphasizing strong performance across several fronts.The highlight of the quarter includes the operational beginning of the Train 9 fractionator in Mont Belvieu and the Roadrunner II plant in Permian Delaware, indicating a robust strategic growth in asset developments.These expansions are timely and critical due to the increasing volume across Targa's systems, driven by record volumes in the Permian that led to elevated NGL transportation and fractionation volumes downstream.

Targa Resources Snubs Williams’ Offer? What Lies Ahead For The Pipeline Giant!

United States

Targa Resources Corp. owns general and limited partner interests in a limited partnership that provides midstream natural gas and natural gas liquid services.  The partnership gathers, compresses, treats, processes, and sells natural gas.  The Company also stores, fractionates, treats, transports, and sells natural gas liquids and related products.

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Targa Resources (TRGP US)

Targa Resources: An Insight Into Its Permian Basin Positioning

Targa Resources Corp., a key player in the midstream energy sector, presented its first-quarter 2025 earnings, demonstrating a mixed performance...

Baptista Research

Targa Resources: An Insight Into Its Permian Basin Expansion & Major Growth Catalysts!

Targa Resources Corp has reported strong financial performance for the fourth quarter of 2024 and the full year, showcasing a period of...

Baptista Research

Targa Resources: These Are The 6 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

Targa Resources Corp. has demonstrated a robust performance during the third quarter of 2024, with record volumes and adjusted EBITDA, suggesting...

Baptista Research

Targa Resources Corp.: Expanding Integrated Infrastructure To Push Growth! - Major Drivers

Targa Resources Corporation reported their second-quarter 2024 earnings with several positive outcomes and a few considerations for investors. The...

Baptista Research

Targa Resources Snubs Williams’ Offer? What Lies Ahead For The Pipeline Giant!

Targa Resources Corporation has presented its second quarter 2024 results, emphasizing strong performance across several fronts. The highlight of...

Baptista Research

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