US Capital Advisors Predicts Targa Resources Q3 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at US Capital Advisors decreased their Q3 2026 earnings estimates for Targa Resources in a research note issued to investors on Wednesday, July 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $2.52 for the quarter, down from their prior estimate of $2.58. US Capital Advisors has a “Moderate Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $10.80 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2026 earnings at $2.75 EPS, Q1 2027 earnings at $2.78 EPS, Q2 2027 earnings at $2.76 EPS and FY2028 earnings at $13.42 EPS.

A number of other equities research analysts have also issued reports on TRGP. Citigroup reaffirmed a “buy” rating on shares of Targa Resources in a research report on Wednesday, May 27th. Erste Group Bank began coverage on Targa Resources in a research report on Thursday, June 25th. They issued a “buy” rating for the company. The Goldman Sachs Group lifted their price target on Targa Resources from $242.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Barclays boosted their price objective on Targa Resources from $270.00 to $282.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Truist Financial upped their price objective on shares of Targa Resources from $289.00 to $312.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Seventeen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

Targa Resources Stock Performance

TRGP opened at $268.44 on Friday. The firm has a market cap of $57.62 billion, a PE ratio of 27.14, a P/E/G ratio of 1.35 and a beta of 0.71. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 5.64. The business has a fifty day simple moving average of $269.28 and a 200-day simple moving average of $244.91. Targa Resources has a fifty-two week low of $144.14 and a fifty-two week high of $291.04.

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

Targa Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st. Targa Resources’s dividend 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 firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $255.96, for a total transaction of $2,713,687.92. Following the completion of the sale, the director directly owned 66,492 shares in the company, valued at approximately $17,019,292.32. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Targa Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Targa Resources by 1.3% in the 4th quarter. State Street Corp now owns 12,668,233 shares of the pipeline company’s stock valued at $2,337,289,000 after purchasing an additional 162,878 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Targa Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 5,867,345 shares of the pipeline company’s stock worth $1,078,497,000 after purchasing an additional 45,495 shares during the period. Norges Bank acquired a new stake in shares of Targa Resources during the fourth quarter worth approximately $735,758,000. Tortoise Capital Advisors L.L.C. grew its position in Targa Resources by 20.3% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company’s stock valued at $625,272,000 after purchasing an additional 572,562 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Targa Resources by 48.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock valued at $607,023,000 after purchasing an additional 1,075,246 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

More Targa Resources News

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: US Capital Advisors raised its Q2 2026 EPS forecast for Targa Resources to $2.75 from $2.53 and maintained a “Moderate Buy” rating. The revision signals greater confidence in the company’s near-term operating performance. MarketBeat analyst estimate update
• Positive Sentiment: US Capital Advisors also increased its FY2026 EPS forecast to $10.24 from $10.18, while Erste Group Bank raised its estimate to $10.94 from $10.80 and reiterated a “Buy” rating. The upward revisions reinforce the view that earnings momentum may be improving. MarketBeat earnings estimate revisions
• Positive Sentiment: Zacks expects Targa Resources to beat consensus estimates when it reports second-quarter results, citing favorable earnings-surprise indicators. Investors are focused on whether the company can exceed the expected $2.75-per-share result. Targa Resources expected earnings beat
• Neutral Sentiment: Targa Resources is scheduled to release its quarterly earnings on Thursday, making the upcoming report the primary near-term catalyst for TRGP. The stock carries a consensus “Moderate Buy” rating, although its valuation and elevated leverage could magnify volatility if results disappoint. Targa Resources earnings release schedule

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.