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 Corporation's third quarter 2025 earnings call presents a mixed yet optimistic picture of the company's current performance and future trajectory.</li><li>On one hand, the company posted record adjusted EBITDA and achieved substantial growth in NGL and natural gas volumes, primarily driven by increased activity in the Permian Basin.</li><li>This places Targa on track to reach the top end of its annual guidance for 2025.</li></ul>

Targa Resources Corporation's third quarter 2025 earnings call presents a mixed yet optimistic picture of the company's current performance and future trajectory.On one hand, the company posted record adjusted EBITDA and achieved substantial growth in NGL and natural gas volumes, primarily driven by increased activity in the Permian Basin.This places Targa on track to reach the top end of its annual guidance for 2025.

Targa Resources Bets $1.25 Billion On Permian Takeover—Will It Pay Off?

<ul><li>Targa Resources Corporation (TRGP) delivered a robust performance in the second quarter of 2025, reinforcing its position in the energy infrastructure sector.</li><li>The company's results reflect strong execution and operational efficiency, matched with strategic positioning in key production areas.</li><li>Financially, Targa reported adjusted EBITDA of $1.163 billion for the quarter, an 18% increase from the previous year.</li></ul>

Targa Resources Corporation (TRGP) delivered a robust performance in the second quarter of 2025, reinforcing its position in the energy infrastructure sector.The company's results reflect strong execution and operational efficiency, matched with strategic positioning in key production areas.Financially, Targa reported adjusted EBITDA of $1.163 billion for the quarter, an 18% increase from the previous year.

Can Targa Resources Finally Build A Competitive Edge With Largest Sour Gas Treating Capacity!

<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

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 Bets $1.25 Billion On Permian Takeover—Will It Pay Off?

Targa Resources Corporation's third quarter 2025 earnings call presents a mixed yet optimistic picture of the company's current performance and...

Baptista Research

Can Targa Resources Finally Build A Competitive Edge With Largest Sour Gas Treating Capacity!

Targa Resources Corporation (TRGP) delivered a robust performance in the second quarter of 2025, reinforcing its position in the energy...

Baptista Research

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

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