Form 8-K · Current Report · Filed 2026-08-06
Targa Resources Corp. Reports Record Second Quarter 2026 Financial Results
Targa Resources Corp. reported record second quarter 2026 financial results with net income of $765 million, up 22% from the same period in 2025. Adjusted EBITDA reached $1.6 billion, a 38% increase year-over-year. The company also declared a quarterly cash dividend of $1.25 per common share, a 25% increase from the previous year. Additionally, Targa repurchased 308,102 shares of its common stock during the quarter. Operational highlights include record Permian volumes and the commencement of new projects in the Permian Midland and Mont Belvieu.
- Filer
- Targa Resources Corp. TRGP · NYSE
- Filed
- Accession
- 0001193125-26-336525
- CIK
- 0001389170
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$260.11
Since filing
+0.0%
Latest close
$260.11
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Previous filings from TRGP reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, TRGP insiders reported 4 Form 4 transactions — net selling of $985K.
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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