Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2026 Earnings Webcast

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.

Rhea-AI Summary

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.

Positive

• Dividend increased 25% to $1.25 per quarter
• Dividend payable May 15, 2026; record date April 30, 2026
• Q1 2026 results scheduled pre-market May 7, 2026 with webcast

Negative

• None.

Argus Apr 17 session

-1.80% close to close Open Argus

Details

News Market Reaction – TRGP

On Apr 17, the first trading day after this news, TRGP closed 1.80% below the previous close.

Data tracked by StockTitan Argus for the Apr 17 session.

Key Figures

Quarterly dividend: $1.25 per share Annualized dividend: $5.00 per share Dividend increase: 25 percent +5 more

Quarterly dividend

$1.25 per share

Declared for first quarter of 2026

Annualized dividend

$5.00 per share

Annualized based on Q1 2026 dividend

Dividend increase

25 percent

Increase vs. dividend for first quarter of 2025

Dividend pay date

May 15, 2026

Cash dividend payment date for Q1 2026

Record date

April 30, 2026

Shareholders of record eligible for Q1 2026 dividend

Earnings release date

May 7, 2026

First quarter 2026 financial results before market open

Webcast time (ET)

11:00 a.m.

First quarter 2026 earnings webcast start time Eastern

Webcast time (CT)

10:00 a.m.

First quarter 2026 earnings webcast start time Central

Previous Dividends,earnings Reports

5 past events · Latest: Jan 15

Same Type 5 events

1. Jan 15

   Dividend & Q4 call

   24h Move

   +1.9%

   Declared $1.00 Q4 2025 dividend and guided to $1.25 Q1 2026 payout.

2. Nov 05

   Record Q3 results

   24h Move

   +5.3%

   Reported record Q3 2025 and flagged expectation for 25% 2026 dividend hike.

3. Oct 16

   Dividend & Q3 call

   24h Move

   +1.6%

   Declared $1.00 Q3 2025 dividend and set timing for Q3 results webcast.

4. Jul 10

   Dividend & Q2 call

   24h Move

   +0.7%

   Announced $1.00 Q2 2025 dividend and scheduled Q2 earnings webcast.

5. Apr 10

   Dividend increase

   24h Move

   +0.7%

   Raised quarterly dividend to $1.00 for Q1 2025, a 33% YoY increase.

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

1 terms

forward-looking statements regulatory

"Certain statements in this release are “forward-looking statements” within the meaning of Section 27A..."

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.

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

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HOUSTON, April 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash dividend to $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25 percent increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026.

The Company will report its first quarter 2026 financial results before the market opens for trading on Thursday, May 7, 2026, and will host a live webcast at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2026 first quarter financial results.

Event Information
Event: Targa Resources Corp. First Quarter 2026 Earnings Webcast and Presentation
Date: Thursday, May 7, 2026
Time: 11:00 a.m. Eastern Time (10:00 a.m. Central Time)
Webcast: www.targaresources.com under "Events and Presentations" or directly at to https://edge.media-server.com/mmc/p/r9w9ai8y/.

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 under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly 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, payment of future dividends and stock repurchase activity. 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, 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 Q1 2026 and when is it payable?

Targa declared a quarterly cash dividend of $1.25 per share, payable May 15, 2026. According to the company, the dividend applies to holders of record as of April 30, 2026.

How much did TRGP's dividend increase versus Q1 2025 and what is the annualized rate?

The dividend rose by 25% versus Q1 2025 to an annualized $5.00 per share. According to the company, this change is consistent with previously disclosed expectations.

When will Targa Resources (TRGP) report first quarter 2026 earnings and how can investors listen?

Targa will report Q1 2026 results before market open on May 7, 2026 with an 11:00 a.m. ET webcast. According to the company, the webcast is on its investor site with a replay available afterward.

Where can I find the TRGP Q1 2026 webcast replay and investor presentation after the call?

A webcast replay and updated investor presentation will be available on the company’s investor events page. According to the company, the replay posts about two hours after the event concludes.

What record date must shareholders meet to receive TRGP's May 15, 2026 dividend?

Shareholders must be on record by the close of business on April 30, 2026 to receive the dividend. According to the company, the payment date is May 15, 2026 for all outstanding common shares.

Does Targa Resources (TRGP) provide forward-looking statements about dividends or performance in this release?

Yes, the release contains forward-looking statements about projected performance, capital spending, and future dividends. According to the company, these statements are subject to risks and uncertainties detailed in SEC filings.