Targa Resources (TRGP) announced new 20-year agreements with ExxonMobil subsidiaries for integrated natural gas gathering, processing, and downstream services in the Permian Basin. The long-term contract supports TRGP’s midstream cash flows and operational footprint in a key basin, which is likely to be modestly positive for sentiment toward the stock.
Targa Resources (TRGP) announced new 20-year agreements with ExxonMobil subsidiaries for integrated natural gas gathering, processing, and downstream services in the Permian Basin. The long-term contract supports TRGP’s midstream cash flows and operational footprint in a key basin, which is likely to be modestly positive for sentiment toward the stock.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
Ticker Sentiment
