Targa Resources Corp.
Targa Resources Reports Record 2025 Financial Results and Outlook for 2026
Summary
Targa Resources Corp. reported record fourth quarter and full year 2025 financial results, with adjusted EBITDA of $1.3 billion and $4.96 billion respectively, and net income attributable to Targa Resources Corp. of $545 million and $1.92 billion. The company also announced a new plant in the Permian Delaware, with plans to commence operations in the fourth quarter of 2027, and expects full year 2026 adjusted EBITDA between $5.4 billion and $5.6 billion. Targa intends to recommend an annual common dividend of $5.00 per share for 2026, a 25% increase from 2025, and expects to continue increasing capital returns to shareholders through dividend increases and opportunistic stock repurchases.
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About Targa Resources Corp.
Targa Resources Corp. is a prominent midstream energy company focused on the processing, storage, transportation, and marketing of natural gas and natural gas liquids (NGLs). It plays a vital role in the energy sector by facilitating the efficient flow of these critical resources from production sites to end users. Targa Resources Corp. provides a variety of essential services including gathering and processing, which involves collecting natural gas from wells, separating impurities, and preparing it for transport. Additionally, the company is involved in fractionation, which divides mixed NGLs into individual hydrocarbons such as propane, butane, and ethane. Targa's operations are key to energy infrastructure, supporting industries that rely on natural gas and NGLs for power generation, manufacturing, and heating. With a significant presence in major U.S. shale basins, Targa Resources Corp. contributes to the country's energy supply chain stability and efficiency, making it a strategic player in the integration and distribution of energy resources across multiple markets.
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