Reports Net Income: Midstream operator Targa Resources Corp. TRGP reported adjusted net income of $705 million compared to a net loss of $38.9 million in the year-ago period. The improved results came on the back of strong volume growth.Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for first-quarter earnings remain same over the last 7 days.Coming to earnings surprise history, the Houston, TX-based energy infrastructure provider beat estimates on two occasions and missed twice, delivering an average positive surprise of 44.15%. This is depicted in the graph below: Targa Resources Inc Price and EPS Surprise Targa Resources Inc price-eps-surprise | Targa Resources Inc QuoteRevenues Miss: Revenues of $2 billion were came below the Zacks Consensus Estimate of $2.2 billion.Key Stats: Gathering and Processing segment recorded operating margin of $255.7 million during the quarter, up 7% from the $238.3 million achieved in the year-ago period.In the Logistics and Transportation segment, the company reported operating margin of $294 million, surging 93.2% year over year.Meanwhile, distributable cash flow came in at $301.9 million, compared to $187 millionin the first quarter of 2019.Zacks Rank: Currently, Targa Resources carries a Zacks Rank #3 (Hold).(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Targa Resources Inc (TRGP): Free Stock Analysis Report To read this article on Zacks.com click here.