06:19 AM EST, 02/20/2025 (MT Newswires) -- Targa Resources ( TRGP ) reported Q4 net income Thursday of $318.1 million, up from $280.2 million a year earlier.

Three analysts surveyed by FactSet expected $398.5 million.

Revenue for the quarter ended Dec. 31 was $4.41 billion, compared with $4.24 billion a year earlier.

Four analysts surveyed by FactSet expected $4.48 billion.

Targa plans to recommend a 33% increase in its quarterly dividend to $1 per share to its board for Q1, adding if approved, the new dividend would be payable in May.