TimesSquare Capital Management highlighted Targa Resources Corp. as a beneficiary of geopolitical tensions in Iran, contributing to stock price appreciation. The midstream energy company saw a 37% stock price increase following a solid fourth quarter driven by strong production volumes. Management announced increased planned capital expenditures, construction of a new natural gas liquids plant in Delaware, and expansion of their NGL pipeline. Targa Resources shares gained 48.58% over the past 52 weeks, closing at $257.81 on July 1, 2026, with a market capitalization of $55.34 billion.
Targa Resources IncHighlighted as beneficiary of geopolitical tensions in Iran, driving stock price appreciation.