Targa Resources Corp

TRGP remains in a Stage 2 advancing regime within a long-term uptrend, supported by clear higher highs and higher lows, and EMAs rising. Short-term price is tightly tracking above rising 9- and 20-day EMAs with RSI in neutral territory, providing a favorable entry now. Execution should focus on continuation participation, engaging on shallow pullbacks into the EMAs or on acceptance above recent highs near the 288–292 range.

• ↑Q1 adjusted EBITDA $1.4B (+5% sequentially) demonstrating resilience
• ↑Permian gas volumes +11% YoY to 6 Bcf/d driving fee income
• ↓Elevated debt levels limit flexibility if interest rates climb