Targa Resources IncTRGP
▲ PositiveCapitalrelevance
Record Q2 earnings, raised guidance, dividend increase, and buybacks
Impact on stocks 1
Energy
Targa Resources IncTarga Resources Raises Guidance After Record Q2 Earnings
EarningsCorporate Action
Targa Resources Corp. reported record second-quarter 2026 results with revenue of US$4,440.1 million and net income of US$764.6 million, and raised its full-year adjusted EBITDA guidance toward the top of its prior range. The company also announced a 25% dividend increase and ongoing share repurchases, citing 38% year-over-year adjusted EBITDA growth and record Permian gas volumes. Management highlighted confidence in the business despite risks around potential midstream overbuild and intensifying competition in core regions.
Targa Resources IncRecord Q2 earnings, raised guidance, dividend increase, and buybacks