Targa Resources, IncNYSE: TRGP

No material news in the last 48 hours.

No material news in the last 48 hours.

No material news in the last 48 hours.

Israel's June 13, 2026 strike on Iran triggered the biggest one-day oil-price jump in roughly five years, lifting Permian-focused midstream operators including Targa Resources. Targa, which gathers, processes and transports natural gas and NGLs from the Permian, stands to benefit from accelerated drilling and from global gas demand redirected to U.S. supply after Iranian disruption to Qatari LNG. The move builds on already-strong fundamentals: Targa earlier reported record adjusted EBITDA, raised 2026 EBITDA guidance to 5.7-5.9 billion dollars, and hiked its dividend 25 percent to 1.25 dollars per quarter, with the stock up roughly 62 percent over the past year. Bear case: the rally is driven by a geopolitical event that could reverse quickly on de-escalation, Q1 2026 adjusted EPS of 2.21 dollars actually missed the 2.57 dollar estimate, and Seaport Research recently downgraded the stock to Neutral. Commodity volatility remains the core risk.

Oil surges as Israel strikes Iran nuclear sites, traders eye supply risksspglobal.comTarga Resources Corp. (TRGP) Stock Price & Newsmarketbeat.com

No material news in the last 48 hours.

Targa Resources reported record Q1 2026 net income of $480M (vs $271M YoY) and adjusted EBITDA of $1.403B (vs $1.179B YoY), though EPS of $2.21 missed the $2.56 consensus. The company raised full-year 2026 adjusted EBITDA guidance to $5.7-$5.9B, kept net growth capex near $4.5B, and bumped the quarterly dividend to $1.25. To support Permian volume growth, Targa announced two new gas processing plants: the 265 MMcf/d Roadrunner III and the 275 MMcf/d Copperhead II. Multiple analysts raised price targets in May. Insider activity included director Charles Crisp selling 10,602 shares at ~$256 on May 12.

Targa Resources Q1 EBITDA Hits $1.4B, Lifts 2026 Viewstocktitan.netTarga Resources Q1 2026 earnings surge on Permian dealstocktitan.netTarga Resources Q1 2026 Margin Strengthsimplywall.st

Targa Resources delivered a record first quarter on May 7, 2026, with net income jumping to $480M from $271M a year earlier and adjusted EBITDA up 19% to $1.4B, fueled by record Permian inlet and fractionation volumes. The company raised its 2026 adjusted EBITDA outlook to $5.7-$5.9B and declared a 25% higher quarterly dividend of $1.25/share, paid May 15. Operationally, Targa brought the Falcon II and East Pembrook Permian gas processing plants online, commissioned its Train 11 fractionator in Mont Belvieu, and began starting up the Delaware Express NGL Pipeline expansion. It also announced two additional Permian Delaware plants - Roadrunner III and Copperhead II - scheduled for 2028. With $3.1B of liquidity and recent long-term debt issuances, the company plans about $4.5B of growth capex in 2026 and is continuing share repurchases. Recent commentary supports the bull case on the stock, though with valuation moving up.

Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026finance.yahoo.comTarga Resources Posts Record Q1 Results, Lifts Outlooktipranks.comWhy Targa Resources (TRGP) Is Up 5.6% After Dividend Hike And Rising Institutional Supportsimplywall.st

No material news in the last 48 hours.

Targa Resources director (Charles Crisp, Independent Director) sold ~10,602 shares (~$2.7M at ~$256/share) in mid-May, while CEO Matthew Meloy reported a 15,000-share gift, retaining 712,291 shares. Q1 2026 results (May 7) showed record adjusted EBITDA of $1.403B and net income of $480M (vs $271M prior year). The company raised full-year 2026 adjusted EBITDA guidance to $5.7B-$5.9B, kept growth capex at ~$4.5B, and raised the quarterly dividend 25% to $1.25. Targa announced construction of two new Permian processing plants: Roadrunner III (265 MMcf/d) and Copperhead II (275 MMcf/d), adding to recently commissioned Falcon II (Feb) and East Pembrook (March) plants. Multiple analysts raised PTs: Barclays to $262 (from $255), Morgan Stanley to $331 (from $327), RBC Capital to $281 (from $270), Scotiabank to $257 (from $249). Stock trades at ~$267.48 with $57.41B market cap.

Targa Resources Q1 EBITDA Hits $1.4B, Lifts 2026 Viewstocktitan.netTarga Resources (NYSE: TRGP) director sells 10,602 shares in open marketstocktitan.netTarga Resources (TRGP) Q1 2026 Margin Strength Tests Bullish Infrastructure Narrativessimplywall.st

Targa Resources reported record Q1 2026 net income of $480M (vs $271M Y/Y) and adjusted EBITDA of $1.403B on May 7, 2026, raising full-year 2026 adjusted EBITDA guidance to $5.7-$5.9B and increasing the quarterly dividend to $1.25/share ($5.00 annualized). In May the company announced construction of two new Permian natural gas processing plants: Roadrunner III (265 MMcf/d) and Copperhead II (275 MMcf/d) to meet rising producer volumes. Multiple analysts raised PTs: Morgan Stanley to $331, Truist $289, RBC $281, Barclays $262, Scotiabank $257. Risks include commodity-price exposure on Permian throughput and rising capex (~$4.5B net growth capex maintained). Insider activity: a director sold 10,602 shares on May 13.

Targa Resources Reports Record First Quarter 2026globenewswire.comTarga Resources Q1 EBITDA Hits $1.4B, Lifts 2026 Viewstocktitan.netTarga Resources Q1 2026 Margin Strength Tests Bullish Infrastructure Narrativessimplywall.st

Targa Resources reported record Q1 2026 results on May 7 with net income of $480M (up from $271M YoY) and adjusted EBITDA of $1.4B (up 19% YoY), driven by record Permian inlet and fractionation volumes. The board raised the quarterly dividend 25% to $1.25 per share, payable May 15. The company boosted its 2026 adjusted EBITDA outlook to $5.7B-$5.9B and plans about $4.5B of 2026 growth capital backed by $3.1B in liquidity. Operationally, Targa brought online the Falcon II and East Pembrook gas processing plants in the Permian, commissioned its Train 11 fractionator in Mont Belvieu, and began starting up the Delaware Express NGL Pipeline expansion. Two additional Permian Delaware plants, Roadrunner III and Copperhead II, were announced for 2028. The $1.25B Stakeholder Midstream acquisition closed during the quarter. Revenue of $4.09B missed $4.74B consensus.

Targa Resources Reports Record Q1 2026 Financial Results and Increases 2026 Outlookglobenewswire.comTarga Resources Q1 EBITDA Hits $1.4B, Lifts 2026 Viewstocktitan.netTarga Resources Posts Record Q1 Results, Lifts Outlooktipranks.com

Recent analyst coverage on May 11-12, 2026 has focused on how Targa's $4.5 billion growth capex plan is reframing the investment thesis after the company reported record Q1 2026 results last week. The company posted Q1 net income of $480 million, adjusted EBITDA of $1.4 billion, and raised full-year 2026 EBITDA guidance to $5.7-$5.9 billion (17% YoY increase). Targa announced two new processing plants in May 2026 (Roadrunner III and Copperhead II) and declared a 25% dividend increase to $1.25 quarterly. RBC Capital raised its price target to $281 while Stifel raised to $268. Shares traded between $247-$252 on May 10. The stock continues to benefit from Permian production growth and infrastructure expansion.

How The Growth Capex Plan Is Reframing The Targa Resources (TRGP) Investment Storyfinance.yahoo.comTarga Resources (TRGP) Q1 2026 Margin Strength Tests Bullish Infrastructure Narrativessimplywall.stRBC raises Targa Resources stock price target on growth outlookinvesting.com

Targa Resources reported record Q1 2026 financial results on May 7, 2026, with net income of $480M (up from $271M) and adjusted EBITDA of $1.4B (up 19% YoY) driven by record Permian inlet and fractionation volumes. The company raised its full-year 2026 adjusted EBITDA outlook to $5.7-$5.9B while keeping net growth capital at ~$4.5B. The quarterly dividend was hiked 25% YoY, with ~$268M in cash dividends paid May 15. Targa brought online the Falcon II and East Pembrook gas plants and Train 11 fractionator, began starting up the Delaware Express NGL Pipeline expansion, and announced two new Permian Delaware plants (Roadrunner III, Copperhead II) for 2028. Scotiabank and Stifel reiterated Buy; Seaport Global downgraded to Hold on May 4. EPS of $2.21 missed consensus of $2.48. Stock closed at $253.18, up 2.04% on May 11.

Targa Resources Reports Record Q1 2026 Resultsglobenewswire.comTarga raises 2026 adjusted EBITDA outlook to $5.7B-$5.9Bseekingalpha.comTarga (TRGP) Q1 2026 Earnings Call Transcriptfool.com