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

Targa Resources (NYSE:TRGP) is expected to issue its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $2.83 per share and revenue of $4.8978 billion for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 6, 2026 at 11:00 AM ET.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.27). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Targa Resources had a net margin of 12.87% and a return on equity of 71.00%. On average, analysts expect Targa Resources to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Targa Resources Stock Down 0.5%

Shares of NYSE TRGP opened at $263.40 on Wednesday. The company has a market capitalization of $56.54 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.35 and a beta of 0.72. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.72 and a quick ratio of 0.62. The company has a 50 day simple moving average of $268.78 and a 200-day simple moving average of $246.75. Targa Resources has a 1 year low of $144.14 and a 1 year high of $291.04.

Targa Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $5.00 annualized dividend and a yield of 1.9%. Targa Resources’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRGP shares. Erste Group Bank began coverage on Targa Resources in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. TD Cowen upped their target price on shares of Targa Resources from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Targa Resources in a research report on Thursday, July 2nd. Jefferies Financial Group started coverage on shares of Targa Resources in a report on Thursday, June 18th. They issued a “buy” rating and a $314.00 price objective on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $333.00 target price on shares of Targa Resources in a report on Tuesday, July 21st. Seventeen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

Insider Activity at Targa Resources

In related news, Director Charles R. Crisp sold 10,602 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the sale, the director directly owned 66,492 shares in the company, valued at approximately $17,019,292.32. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRGP. Miller Capital Partners Inc. purchased a new stake in shares of Targa Resources in the 4th quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Targa Resources during the 4th quarter worth $52,000. DV Equities LLC acquired a new position in shares of Targa Resources during the fourth quarter worth $55,000. Greenline Wealth Management LLC acquired a new position in shares of Targa Resources during the fourth quarter worth $58,000. Finally, Kestra Investment Management LLC purchased a new position in Targa Resources in the second quarter valued at $70,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

About Targa Resources

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.