Q2 EPS Estimates for Targa Resources Raised by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at US Capital Advisors boosted their Q2 2026 earnings per share estimates for Targa Resources in a research report issued to clients and investors on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $2.75 per share for the quarter, up from their prior forecast of $2.53. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $10.79 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $10.24 EPS.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, May 7th. The pipeline company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.27). Targa Resources had a return on equity of 71.00% and a net margin of 12.87%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.68 billion.

TRGP has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $310.00 price target on shares of Targa Resources in a report on Tuesday, July 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of Targa Resources in a report on Monday, May 4th. The Goldman Sachs Group raised their price target on shares of Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus set a $268.00 price objective on Targa Resources in a report on Friday, May 8th. Seventeen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Targa Resources currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Targa Resources Stock Up 1.2%

Shares of TRGP stock opened at $264.71 on Thursday. The company has a market capitalization of $56.82 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.33 and a beta of 0.71. The firm has a fifty day moving average of $269.31 and a 200-day moving average of $244.26. Targa Resources has a 12-month low of $144.14 and a 12-month high of $291.04. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $1.25 per share. The ex-dividend date is Friday, July 31st. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. Targa Resources’s payout ratio is currently 50.56%.

Insider Transactions at Targa Resources

In other Targa Resources news, Director Charles R. Crisp sold 10,602 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total value of $2,713,687.92. Following the completion of the transaction, the director owned 66,492 shares of the company’s stock, valued at $17,019,292.32. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Woodline Partners LP increased its holdings in Targa Resources by 40.7% in the first quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after purchasing an additional 5,327 shares during the period. Focus Partners Wealth boosted its holdings in shares of Targa Resources by 157.4% during the 1st quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock worth $788,000 after buying an additional 2,404 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Targa Resources by 6.3% during the 2nd quarter. Baird Financial Group Inc. now owns 3,697 shares of the pipeline company’s stock worth $644,000 after buying an additional 219 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Targa Resources by 13.1% during the 2nd quarter. Brown Advisory Inc. now owns 4,521 shares of the pipeline company’s stock worth $787,000 after buying an additional 524 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Targa Resources by 11.0% during the 2nd quarter. Cerity Partners LLC now owns 31,881 shares of the pipeline company’s stock worth $5,550,000 after buying an additional 3,163 shares during the period. Institutional investors own 92.13% of the company’s stock.

About Targa Resources

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.