Welcome to our dedicated page for Targa Res SEC filings (Ticker: TRGP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Targa Resources Corp. (NYSE: TRGP) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Targa is a Delaware-incorporated midstream energy company whose common stock is registered under Section 12(b) of the Exchange Act and listed on the New York Stock Exchange. Its filings give detailed information on operations, financing arrangements, governance and material events affecting the business.
Among the key documents are current reports on Form 8-K, where Targa reports items such as quarterly financial results, senior notes offerings, amendments to credit and securitization facilities, share repurchase program approvals and certain executive changes. For example, recent 8-K filings describe the completion and pricing of senior notes offerings under an existing base indenture and supplemental indentures, the use of proceeds to redeem other notes and repay borrowings, and the extension of an accounts receivable securitization facility.
Other 8-K filings furnish earnings press releases that discuss non-GAAP financial measures like adjusted EBITDA, adjusted cash flow from operations, adjusted free cash flow and adjusted operating margin (segment), along with reconciliations to GAAP metrics. These filings also outline how Targa communicates under Regulation FD, including through press releases, SEC filings, public conference calls and its website.
On this page, users can also review filings that cover share repurchase program authorizations, dividend-related disclosures and material agreements entered into by Targa or its subsidiaries. For debt investors, the indenture and supplemental indentures referenced in the 8-Ks, along with descriptions of guarantees by subsidiary guarantors, provide insight into the company’s capital structure and direct financial obligations.
Stock Titan enhances these filings with AI-powered summaries that explain the significance of each document in clear language. Real-time updates from EDGAR help users see new Targa filings as they appear, while AI highlights key terms in items such as senior notes offerings, facility amendments, and results of operations, making it easier to interpret complex regulatory text.
Targa Resources Corp. is offering two series of senior unsecured notes due 2031 and 2056 under a preliminary prospectus supplement. The notes will be senior unsecured obligations, initially guaranteed by certain subsidiaries, and may be redeemed at the company’s option subject to the redemption provisions described in the supplement.
The company expects to use net proceeds for general corporate purposes, including to repay borrowings under its Commercial Paper Program, repay other indebtedness, fund capital expenditures and fund investments in subsidiaries. Recent liquidity actions disclosed include approximately $161.0 million outstanding under the Commercial Paper Program as of December 31, 2025, subsequent borrowings of $1.357 billion, and the $1.25 billion acquisition of Stakeholder Midstream, LLC closed on January 6, 2026.
Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Form 144 to sell common stock of TRGP, including 7,194 shares tied to restricted stock that vested on 01/19/2026 and 22,315 shares tied to restricted stock that vested on 01/20/2025.
The filing lists these vested, issuer‑granted shares as the securities to be sold under the notice; timing and the eventual sale amounts or methods are not specified in the excerpt.
TRGP notice of proposed sale of common stock under Rule 144 linked to restricted stock vesting. The filing lists 899 shares tied to vesting on 01/16/2026 and 460 shares tied to vesting on 02/14/2011.
The transactions are described as sales following issuer plan vesting; timing and method of sale are not provided.
Targa Resources Corp. provides midstream energy services, gathering and processing natural gas and crude oil and fractionating, transporting and exporting NGLs, with major positions in the Permian Basin and Gulf Coast.
Recent growth includes multiple new 275 MMcf/d Permian gas plants, additional Mont Belvieu fractionation trains, the Speedway NGL pipeline of about 500 miles and an expanded LPG export terminal targeting up to 19 MMBbl per month. Targa also advanced large joint-venture gas pipelines from the Permian to South Texas and between Agua Dulce and Katy.
Strategic moves feature the $1.8 billion Badlands acquisition effective January 1, 2025 and the $1.25 billion Stakeholder Midstream purchase effective January 1, 2026, plus increased quarterly dividends to $1.00 per share and $641.8 million of share repurchases in 2025. Financing activity included a new $3.5 billion revolving credit facility and several senior notes offerings totaling multiple billions to fund acquisitions, refinance higher‑coupon debt and support general corporate needs.
Targa Resources Corp. provides midstream energy services, gathering and processing natural gas and crude oil and fractionating, transporting and exporting NGLs, with major positions in the Permian Basin and Gulf Coast.
Recent growth includes multiple new 275 MMcf/d Permian gas plants, additional Mont Belvieu fractionation trains, the Speedway NGL pipeline of about 500 miles and an expanded LPG export terminal targeting up to 19 MMBbl per month. Targa also advanced large joint-venture gas pipelines from the Permian to South Texas and between Agua Dulce and Katy.
Strategic moves feature the $1.8 billion Badlands acquisition effective January 1, 2025 and the $1.25 billion Stakeholder Midstream purchase effective January 1, 2026, plus increased quarterly dividends to $1.00 per share and $641.8 million of share repurchases in 2025. Financing activity included a new $3.5 billion revolving credit facility and several senior notes offerings totaling multiple billions to fund acquisitions, refinance higher‑coupon debt and support general corporate needs.
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. 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. Chief Financial Officer William A. Byers reported an acquisition of company stock. On 01/15/2026, he acquired 7,237 shares of Targa Resources common stock at a price of $0 per share, which typically indicates a grant rather than an open-market purchase. Following this transaction, he beneficially owned 16,760 shares held directly.
The filing notes that submission was delayed due to issues obtaining valid EDGAR Next filing credentials, clarifying that the timing of the report was affected by administrative factors rather than the transaction itself.
Targa Resources Corp. executive Patrick J. McDonie, identified as President - Gathering and Processing, reported multiple transactions in the company’s common stock in January 2026. On January 15, 2026, he acquired 9,081 shares at a price of $0 per share, bringing his directly held position to 322,822 shares afterward. On January 19, 2026, he acquired an additional 33,965 shares at $0 per share, followed by two transactions coded “F” disposing of 14,129 shares and 5,958 shares at $185.35 per share. After these transactions, he directly beneficially owned 336,700 shares of Targa Resources common stock.
Targa Resources Corp. officer D. Scott Pryor reported multiple transactions in the company’s common stock dated January 19, 2026. He acquired 33,965 shares at a price of $0.00 per share, then disposed of 12,600 shares and a further 5,347 shares at $185.35 per share in separate transactions.
After these transactions, Pryor directly beneficially owned 49,438 shares of Targa Resources common stock. In addition, 20,000 shares are indirectly owned through the Pryor Trust, for which D. Scott Pryor and Marcy Gaye Pryor serve as co‑trustees. His position with the company is listed as President - Logistics and Transportation.
Targa Resources Corp. insider activity: Chief Executive Officer and Director Matthew J. Meloy reported multiple transactions in the company’s common stock. On 01/15/2026, he acquired 32,828 shares at a price of $0, bringing his holdings to 706,384 shares. On 01/19/2026, he acquired an additional 133,905 shares at $0, increasing his position to 840,289 shares.
Also on 01/19/2026, Meloy disposed of 51,921 shares of common stock at $185.35 per share, followed by a further disposition of 21,077 shares at the same price, resulting in 767,291 shares of common stock owned directly after these transactions.