Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2025 Earnings Webcast

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.

Rhea-AI Summary

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.

Positive

• Q4 dividend declared at $1.00 per share
• Annualized dividend maintained at $4.00 per share for 2025
• Proposed dividend increase to $1.25 per quarter would raise annualized payout to $5.00 (+25%) if approved
• Earnings transparency: Q4 2025 results due before market on Feb 19, 2026 with a live webcast

Negative

• Proposed $1.25 Q1 2026 dividend is subject to Board approval, not guaranteed

Argus Jan 16 session

+1.88% close to close Open Argus

Details

News Market Reaction – TRGP

On Jan 16, the first trading day after this news, TRGP closed 1.88% above the previous close.

Data tracked by StockTitan Argus for the Jan 16 session.

Key Figures

Q4 2025 dividend: $1.00 per common share Q4 2025 dividend annualized: $4.00 per common share Planned Q1 2026 dividend: $1.25 per common share +5 more

Q4 2025 dividend

$1.00 per common share

Declared quarterly dividend for Q4 2025

Q4 2025 dividend annualized

$4.00 per common share

Annualized rate implied by Q4 2025 dividend

Planned Q1 2026 dividend

$1.25 per common share

Intended recommended quarterly dividend for Q1 2026

Planned 2026 dividend annualized

$5.00 per common share

Intended annualized dividend starting Q1 2026

Dividend payment date

February 13, 2026

Payment date for Q4 2025 dividend

Record date

January 30, 2026

Record date for Q4 2025 dividend

Earnings release date

February 19, 2026

Q4 2025 financial results release before market open

Webcast time

10:00 a.m. Central Time

Start time of Q4 2025 earnings webcast

Historical Context

5 past events · Latest: Jan 06

5 events

1. Jan 06

   Acquisition close

   24h Move

   -1.9%

   Completion of $1.25B Stakeholder Midstream acquisition effective Jan 1, 2026.

2. Dec 01

   Acquisition announcement

   24h Move

   +0.8%

   Announcement to acquire Permian gathering and processing assets for $1.25B.

3. Nov 06

   Debt offering

   24h Move

   +1.3%

   Pricing of $1.75B senior notes for refinancing and general corporate purposes.

4. Nov 05

   Earnings and dividend

   24h Move

   +5.3%

   Record Q3 2025 results and expectation for $5.00 annualized 2026 dividend.

5. Oct 16

   Dividend declaration

   24h Move

   +1.6%

   Q3 2025 $1.00 dividend declaration and scheduling of earnings webcast.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

forward-looking statements, form 10-k, form 10-q, form 8-k

4 terms

forward-looking statements regulatory

"Certain statements in this release are “forward-looking statements” within the meaning of"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

form 10-k regulatory

"described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

form 10-q regulatory

"including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K."

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

form 8-k regulatory

"and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K."

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) today announced its quarterly dividend on common shares with respect to the fourth quarter of 2025.

Targa announced today that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026.

For the first quarter of 2026, Targa intends to recommend to its Board of Directors an increase to its common dividend to $1.25 per common share or $5.00 per common share annualized. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2026 and payable in May 2026.

The Company will report its fourth quarter 2025 financial results before the market opens for trading on Thursday, February 19, 2026, and will host a live webcast over the internet at 10:00 a.m. Central Time to discuss its 2025 fourth quarter financial results.

Event Information
Event: Targa Resources Corp. Fourth Quarter 2025 Earnings Webcast and Presentation
Date: Thursday, February 19, 2026
Time: 10:00 a.m. Central Time
Webcast: https://www.targaresources.com/investors/events or directly at https://edge.media-server.com/mmc/p/ktbyx3ix.

Replay Information 
A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available at https://www.targaresources.com/investors/events.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets, and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks.

Targa is a FORTUNE 500 company and is included in the S&P 500.

For more information, please visit the Company’s website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding the Company’s projected financial performance, capital spending, and payment of future dividends. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, actions taken by other countries with significant hydrocarbon production, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of the Company’s completion of capital projects and business development efforts, the expected growth of volumes on the Company’s systems, the impact of significant public health crises, commodity price volatility due to ongoing or new global conflicts, the impact of disruptions in the bank and capital markets, changes in laws and regulations, particularly with regard to taxes, tariffs and international trade, and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Targa Investor Relations
InvestorRelations@targaresources.com
(713) 584-1133

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Targa Resources (TRGP) declare for Q4 2025 and when is it payable?

Targa declared a $1.00 per share Q4 2025 dividend, payable on Feb 13, 2026 to holders of record as of Jan 30, 2026.

Is Targa Resources (TRGP) increasing its dividend in 2026 and by how much?

The company intends to recommend raising the common dividend to $1.25 per quarter (annualized $5.00), which is subject to Board approval and would be payable in May 2026 if approved.

When will Targa Resources (TRGP) report fourth quarter 2025 earnings and how can I listen?

Targa will report Q4 2025 results before market open on Feb 19, 2026 and host a live webcast at 10:00 a.m. Central Time via the company's investor events page.

Where can investors find the Q4 2025 webcast replay and investor presentation for TRGP?

A replay and the quarterly earnings supplement will be posted at the company's investor events page (https://www.targaresources.com/investors/events) about two hours after the event.

What record date must investors meet to receive the Q4 2025 TRGP dividend?

Investors must be holders of record at the close of business on Jan 30, 2026 to receive the Q4 2025 dividend.