Targa Resources (TRGP) Expected to Release Quarterly Earnings on Thursday

Targa Resources (NYSE:TRGP) is expected to announce its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $2.74 per share and revenue of $4.77 billion for the quarter. Parties may review the information on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.71. The business had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.90 billion. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. On average, analysts expect Targa Resources to post $11.42 EPS for the current fiscal year and $12.58 EPS for the next fiscal year.

Targa Resources Trading Down 6.5%

TRGP opened at $294.42 on Tuesday. The firm has a market cap of $63.13 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.26 and a beta of 0.80. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 5.01. Targa Resources has a 12 month low of $151.78 and a 12 month high of $316.60. The stock has a fifty day moving average price of $290.23 and a 200-day moving average price of $259.43.

Targa Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Friday, October 30th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Targa Resources’s dividend payout ratio (DPR) is presently 47.80%.

Insider Activity

In other news, Director Charles Crisp sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $290.23, for a total transaction of $870,690.00. Following the sale, the director directly owned 62,292 shares of the company’s stock, valued at $18,079,007.16. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Chung sold 1,816 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $296.11, for a total value of $537,735.76. Following the completion of the transaction, the director directly owned 44,000 shares in the company, valued at approximately $13,028,840. The trade was a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,216 shares of company stock valued at $2,127,634 over the last ninety days. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRGP has been the topic of several analyst reports. Capital One Financial lifted their target price on Targa Resources from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $322.00 price target on shares of Targa Resources in a research report on Tuesday, October 13th. Mizuho increased their price target on shares of Targa Resources from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. Raymond James Financial restated a “strong-buy” rating and issued a $340.00 price target on shares of Targa Resources in a report on Tuesday, October 20th. Finally, Wolfe Research set a $335.00 price objective on shares of Targa Resources in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $325.47.

About Targa Resources

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.