Investor Presentaiton
Increasing Return of Capital to Shareholders
Returning incremental capital to shareholders: $149 million of common share repurchases in 2Q23
$2.50
Growing Dividend
+43% YoY Dividend Increase in 2023
240
Reducing Share Count(1)
Over 12.5 million shares repurchased since inception of Share Repurchase Program in
October 2020 at a wtd avg price of $44.70(2)
Annual Common Dividend per Share
$2.00
$1.50
$1.00
$0.50
$0.00
2021
2022
(1)
(2)
In May 2023, the Company's Board approved a new $1 billion common stock repurchase program.
Weighted average per share repurchase price inclusive of share repurchases through June 30, 2023.
TR TARGA INVESTOR PRESENTATION
Common Shares Outstanding
(in millions)
235
230
225
220
215
210
205
$201 million repurchased
in 1H23 at a wtd avg
price of $71.49
200
2023
2019
2020
2021
2022
1H23
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