Every 8-K that Targa Resources Corp. (TRGP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TRGP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRGP filings page.
Targa Resources Corp. (TRGP) announced several executive leadership changes. Effective September 1, 2026, the Board appointed Brent B. Secrest as President – Logistics and Transportation. Secrest, age 53, previously held senior commercial and marketing roles at Enterprise Products Holdings LLC and its affiliates.
The Board also approved the appointment of Benjamin J. Branstetter, currently President – Logistics and Transportation, as Chief Financial Officer and principal financial officer, effective September 1, 2026, succeeding William A. Byers$600,000 and his annual long-term incentive award will equal 400% of base salary, first applying to his 2027 award, with the higher salary prorated from his appointment date.
Byers notified the company on August 19, 2026 of his intent to retire as CFO effective September 1, 2026 and will remain in a non-executive role through December 31, 2026 under a Transition Period. Under a Separation Agreement, he will continue to receive base salary during the Transition Period, his 2024 RSU and PSU awards and 2025 RSU awards will remain outstanding and settle per existing terms, his 2025 PSU and all 2026 RSU and PSU awards will be forfeited, and he will remain eligible for a 2026 annual incentive cash award based on target opportunity and final 2026 corporate performance.
Targa Resources Corp. reported record second-quarter 2026 results, with net income attributable to common shareholders of $764.6 million and adjusted EBITDA of $1.603 billion, up 22% and 38% year-over-year, respectively. Total revenues were $4.44 billion, driven by record Permian inlet volumes and record NGL transportation, fractionation and LPG export volumes, alongside stronger marketing margins.
Adjusted cash flow from operations rose to $1.371 billion and adjusted free cash flow to $205.3 million for the quarter. Targa now estimates full year 2026 adjusted EBITDA toward the top of its $5.7–$5.9 billion range and continues to expect about $4.5 billion of net growth capital and $250 million of maintenance capital in 2026. The company declared a quarterly dividend of $1.25 per share (25% higher than a year earlier), totaling $268 million, and repurchased 308,102 shares for $80 million, leaving $1.239 billion under existing repurchase programs. Total consolidated debt was $19.578 billion and liquidity about $3.2 billion, supported by an expanded and extended securitization facility and significant revolver availability.
Targa Resources Corp. appointed Thomas Mathiasmeier to its Board of Directors as a Class II Director effective July 16, 2026, with a term expiring at the 2027 annual meeting of stockholders. He also joined the Board’s Audit Committee. Mathiasmeier most recently served as President, Global Gas, Power & Emerging Markets at ConocoPhillips, and has held multiple leadership roles across natural gas, LNG, power, midstream and commercial operations, as well as serving on industry association boards.
Mathiasmeier is a non-employee director and will receive compensation under Targa’s existing non-employee director policies, including equity awards under the Amended and Restated Targa Resources Corp. 2010 Stock Incentive Plan. In connection with his appointment, the Compensation Committee expects to grant him a pro-rated award of 477 shares of restricted stock. Targa also entered into an Indemnification Agreement with Mathiasmeier, providing indemnification to the fullest extent permitted under Delaware law and advancement of expenses for covered proceedings related to his service.
Targa Resources Corp. reports that subsidiary Targa Resources Partners LP and Targa Receivables LLC entered a Seventeenth Amendment to their Receivables Purchase Agreement governing the accounts receivable securitization facility.
The amendment extends the Facility Termination Date to July 30, 2027 and adds an uncommitted line of $200 million. As of July 1, 2026, after the amendment, approximately $451 million of trade receivable purchases were outstanding under the facility. PNC Bank, National Association, continues as administrator and letter of credit bank, alongside various conduit and committed purchasers.
Targa Resources Corp. reported the results of its 2026 Annual Meeting of Stockholders held on May 21, 2026. Stockholders elected four Class I directors—Paul W. Chung, Charles R. Crisp, Laura C. Fulton, and R. Keith Teague—to three-year terms expiring at the 2029 Annual Meeting.
All four director nominees received more votes for than against, with support ranging from about 161.6 million to 179.6 million votes for each nominee and broker non-votes over 12.0 million. This indicates solid backing for the current board slate.
Stockholders also ratified PricewaterhouseCoopers LLP as independent auditors for 2026 with 189,588,676 votes for, 7,795,387 against, and 62,452 abstentions. In addition, the advisory vote on named executive officer compensation was approved, receiving 176,432,347 votes for, 8,616,715 against, 337,011 abstentions, and 12,060,442 broker non-votes.
Targa Resources Corp. reported record first quarter 2026 results with higher earnings and stronger guidance. Net income attributable to Targa rose to $480 million from $271 million a year earlier, while adjusted EBITDA increased 19% to $1.4 billion. Revenue declined 10% to $4.1 billion as lower commodity prices more than offset higher volumes.
The company raised its full-year 2026 adjusted EBITDA outlook to a range of $5.7 billion to $5.9 billion, about 17% growth year-over-year at the midpoint. Targa is investing heavily in new Permian processing plants, NGL fractionators, and pipeline expansions, and continues to estimate 2026 net growth capital expenditures of approximately $4.5 billion.
Targa increased its quarterly dividend to $1.25 per share, 25% above the prior-year quarter, and paid about $268 million in cash dividends. It also repurchased 227,801 shares for $55 million. Total consolidated debt was $19.1 billion at March 31, 2026, with liquidity of roughly $3.1 billion, including $3.0 billion available under its revolving credit facility.
Targa Resources Corp. completed an underwritten public debt offering consisting of $750.0 million of 4.350% Senior Notes due 2031 and $750.0 million of 6.050% Senior Notes due 2056, for total new senior unsecured notes of $1.5 billion.
The notes are fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries, subject to conditions, under an existing indenture and a Thirteenth Supplemental Indenture with U.S. Bank Trust Company as trustee. Targa expects to use the net proceeds for general corporate purposes, including repaying commercial paper and other debt, repurchasing or redeeming securities, and funding capital spending, working capital, or subsidiary investments.
Targa Resources Corp. is issuing $1.5 billion of new senior notes through an underwritten public offering. The debt is split between $750 million of 4.350% Senior Notes due 2031 and $750 million of 6.050% Senior Notes due 2056, both guaranteed on a senior unsecured basis by subsidiary guarantors.
The notes are expected to close on March 2, 2026, with interest accruing from that date and paid semi-annually. Targa plans to use the net proceeds for general corporate purposes, including repaying commercial paper and other debt, potentially repurchasing or redeeming securities, and funding capital spending and investments in subsidiaries.
Targa Resources Corp. reported record results for 2025, with full-year net income attributable to the company of $1,923 million versus $1,312 million and adjusted EBITDA rising 20% to $4,957 million. Fourth quarter net income grew to $545 million and adjusted EBITDA to $1,341 million, both record levels.
Targa highlighted strong Permian gathering, NGL transportation, fractionation and LPG export volumes, completed several new plants and bolt-on deals, and closed the $1.25 billion Stakeholder Midstream acquisition. The company repurchased $642 million of common stock and plans a 25% dividend increase to $5.00 per share in 2026.
For 2026, Targa estimates adjusted EBITDA between $5.4 billion and $5.6 billion and about $4.5 billion of net growth capital spending on six new Permian plants, three Mont Belvieu fractionators, pipelines and export projects, targeting continued volume growth and higher fee-based cash flow.
Targa Resources Corp. completed an underwritten notes offering, issuing $750.0 million of 4.350% Senior Notes due 2029 and $1.0 billion of 5.400% Senior Notes due 2036. The notes are fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries, subject to stated conditions, under an existing indenture and a new Twelfth Supplemental Indenture.
The company expects to use a portion of the net proceeds to redeem Targa Resources Partners LP’s 6.875% Senior Notes due 2029, with the remainder for general corporate purposes, including repaying commercial paper and other debt, repurchasing or redeeming securities, and funding capital expenditures, working capital, or subsidiary investments. The securities were issued off an automatic shelf registration on Form S-3ASR and a prospectus supplement dated November 6, 2025.
Targa Resources Corp. announced the pricing and sale of $1.75 billion of senior notes, split between $750.0 million 4.350% Senior Notes due 2029 and $1.0 billion 5.400% Senior Notes due 2036, fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries.
The 2029 notes mature on January 15, 2029, with interest payable each January 15 and July 15 beginning January 15, 2026. The 2036 notes mature on July 30, 2036, with interest payable each January 30 and July 30 beginning January 30, 2026. Interest on both series accrues from November 12, 2025, and the company may redeem the notes in whole or in part at applicable redemption prices.
Targa expects to use a portion of net proceeds to redeem its affiliates’ 6.875% Senior Notes due 2029 and to use the remainder for general corporate purposes, including repayment of borrowings under its commercial paper program or other indebtedness, repurchases or redemptions of securities, and funding capital expenditures, working capital, or subsidiary investments. The offering was conducted via a prospectus supplement under an effective Form S‑3 shelf.
Targa Resources Corp. (TRGP) furnished an 8‑K announcing its quarterly results release. The company issued a press release covering financial results for the three months ended September 30, 2025, and scheduled a live webcast conference call for 11:00 a.m. Eastern (10:00 a.m. Central) on November 5, 2025. A replay will be available through the Investors section of its website.
The materials reference non‑GAAP measures, including adjusted EBITDA, adjusted cash flow from operations, adjusted free cash flow, and adjusted operating margin (segment), with reconciliations to GAAP included in the press release. The press release was furnished as Exhibit 99.1 and, along with the 8‑K, is not deemed filed for liability purposes under Section 18 unless specifically incorporated by reference.