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

Posted by Geri Gentry on Aug 4th, 2026

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

Targa Resources (NYSE:TRGP – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The pipeline company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a net margin of 12.87% and a return on equity of 71.00%. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.68 billion. 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 Performance

Shares of TRGP stock opened at $264.89 on Tuesday. The company has a 50 day moving average price of $268.92 and a 200-day moving average price of $246.18. Targa Resources has a 52 week low of $144.14 and a 52 week high of $291.04. The firm has a market capitalization of $56.86 billion, a PE ratio of 26.78, a P/E/G ratio of 1.38 and a beta of 0.71. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64.

Targa Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $1.25 dividend. The ex-dividend date 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 currently 50.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TRGP shares. US Capital Advisors downgraded shares of Targa Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, May 29th. Citigroup reissued a “buy” rating on shares of Targa Resources in a report on Wednesday, May 27th. Wells Fargo & Company raised their price target on Targa Resources from $264.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. The Goldman Sachs Group lifted their price objective on Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Scotiabank upped their price objective on Targa Resources from $249.00 to $257.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

Read Our Latest Research Report on Targa Resources

Insider Buying and Selling

In other news, Director Charles R. Crisp sold 10,602 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the transaction, the director owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This trade 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 available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Miller Capital Partners Inc. bought a new stake in Targa Resources during the fourth quarter valued at about $30,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Targa Resources in the fourth quarter worth $52,000. DV Equities LLC bought a new position in shares of Targa Resources during the fourth quarter worth $55,000. Greenline Wealth Management LLC bought a new position in shares of Targa Resources during the fourth quarter worth $58,000. Finally, Kestra Investment Management LLC bought a new position in shares of Targa Resources during the second quarter worth $70,000. Institutional investors own 92.13% of the company’s stock.

About Targa Resources

(Get Free Report)

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.