Welcome to our dedicated page for Targa Res news (Ticker: TRGP), a resource for investors and traders seeking the latest updates and insights on Targa Res stock.
Targa Resources Corp. operates midstream energy infrastructure focused on natural gas gathering and processing and logistics and transportation for natural gas liquids. Company news commonly covers earnings results, adjusted EBITDA, adjusted cash flow metrics, Permian inlet volumes, NGL fractionation activity, marketing margins, and operations across assets such as the Grand Prix NGL pipeline and LPG export facilities.
Recurring updates also include common-stock dividends, capital projects for new processing plants in the Permian Midland and Permian Delaware, acquisition-related volume growth, weather or commodity-price effects on producer activity, and annual or quarterly reporting matters tied to its NYSE-listed common stock.
Targa Resources (NYSE: TRGP) announced several leadership changes effective September 1, 2026, approved by its Board. Longtime midstream executive Brent B. Secrest, formerly Executive Vice President and Chief Commercial Officer at Enterprise Products Partners, will join Targa as President – Logistics and Transportation.
Benjamin J. Branstetter, currently President – Logistics and Transportation and with Targa since 2017, has been appointed Chief Financial Officer. Existing CFO William A. Byers, who has served in the role for the past two years, will retire and transition to an advisory role through year-end 2026 to support an orderly handover.
Targa Resources (NYSE: TRGP) announced new 20-year, fee-based integrated midstream agreements with ExxonMobil subsidiaries covering natural gas gathering, processing and downstream NGL transportation and fractionation across the Permian Delaware and Permian Midland, including extensive new acreage dedications and extensions of existing Midland agreements through 2046.
To support expected volume growth, Targa will build three new Permian Delaware processing plants (Wrangler, Ranger and Ranger II) with a combined capacity of about 825 MMcf/d and a new ~70-mile Bull Run II natural gas pipeline to the Waha Hub, all targeted for service in the first half of 2028. The company updated its full-year 2026 net growth capital estimate to approximately $5.0 billion.
Targa Resources (NYSE: TRGP) reported record second quarter 2026 results, with net income attributable to Targa of $765 million versus $629 million a year earlier and adjusted EBITDA of $1.603 billion, up 38% year-over-year and 14% sequentially. Total revenues were $4.44 billion, up 4%.
The company highlighted record Permian inlet, NGL transportation, fractionation and LPG export volumes, supported by the start-up of its Train 11 fractionator, Delaware Express NGL Pipeline expansion and the East Driver processing plant. Adjusted cash flow from operations rose 47% to $1.37 billion and adjusted free cash flow improved to $205 million.
Targa declared a quarterly dividend of $1.25 per share (25% higher year-over-year), totaling about $268 million, and repurchased 308,102 shares for $80 million, with $1.239 billion remaining under repurchase programs. As of June 30, 2026, total debt was $19.6 billion and liquidity about $3.2 billion. Targa now expects full-year 2026 adjusted EBITDA toward the top of its $5.7–$5.9 billion range and continues to forecast approximately $4.5 billion of net growth capex and $250 million of net maintenance capex.
Targa Resources (NYSE: TRGP) announced that its board declared a second quarter 2026 quarterly cash dividend of $1.25 per common share, equivalent to $5.00 per share on an annualized basis. The dividend will be paid on August 14, 2026 to shareholders of record as of the close of business on July 31, 2026.
The company plans to release its second quarter 2026 financial results before the market opens on Thursday, August 6, 2026, followed by a live earnings webcast and presentation at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Investors can access the webcast via Targa’s website under “Events and Presentations” or directly through the provided media-server link, with a replay available about two hours after the event. Targa will also post a quarterly earnings supplement and updated investor presentation in the Investors section of its website prior to the call.
Targa Resources (NYSE: TRGP) reported Q1 2026 net income of $480 million and record adjusted EBITDA of $1.403 billion. The company raised full‑year 2026 adjusted EBITDA guidance to $5.7–$5.9 billion, kept net growth capex at ~$4.5 billion, and increased the quarterly dividend to $1.25.
Notable items: completed multiple Permian processing plants and a Train 11 fractionator, repurchased shares ($55 million), $19.132 billion total consolidated debt, and ~$3.1 billion liquidity as of March 31, 2026.
Targa Resources Corp (NYSE: TRGP) said its board raised the quarterly cash dividend to $1.25 per share (annualized $5.00), a 25% increase versus Q1 2025. The dividend is payable May 15, 2026 to holders of record April 30, 2026.
The company will report Q1 2026 results before markets open on May 7, 2026 and host an 11:00 a.m. ET webcast with replay available.
Targa Resources (NYSE: TRGP) priced a $1.5 billion offering of senior notes: $750 million 4.350% due 2031 and $750 million 6.050% due 2056, sold at 99.812% and 99.975% of face, respectively.
The offering is expected to close on March 2, 2026. The company said net proceeds will be used for general corporate purposes, including repaying commercial paper and other indebtedness, repurchasing or redeeming securities, funding capital expenditures, working capital, or subsidiary investments.
Targa Resources (NYSE: TRGP) filed its Form 10-K with the SEC for the year ended December 31, 2025. The report is available on www.sec.gov, the company's Investors site, and can be requested in hard copy free of charge from investor relations.
Investors can access filings at https://www.targaresources.com/investors/financial-information/sec-filings or request a mailed copy via the company's investor relations email or phone.
Targa Resources (NYSE: TRGP) reported record fourth-quarter and full-year 2025 results, with 2025 adjusted EBITDA of $4.96 billion (up 20% YoY) and net income attributable of $1.923 billion (up 47% YoY). Management guided 2026 adjusted EBITDA of $5.4–5.6 billion (midpoint +11%) and plans a recommended $5.00 annual dividend per share (25% increase).
Key actions: $642 million of common share repurchases in 2025, $1.25 billion acquisition of Stakeholder, announced new Permian plants and Mont Belvieu Train 13, and estimated 2026 net growth capital of ~$4.5 billion.
Targa Resources Corp (NYSE: TRGP) declared a quarterly cash dividend of $1.00 per common share for Q4 2025 ($4.00 annualized), payable Feb 13, 2026, to holders of record as of the close of business on Jan 30, 2026. The company said it intends to recommend a common dividend increase to $1.25 per share for Q1 2026 ($5.00 annualized), subject to Board approval and payable in May 2026 if approved. Targa will report Q4 2025 results before market open on Feb 19, 2026 and host a live webcast at 10:00 a.m. CT, with a replay and updated investor materials available online.