Q1 EPS Forecast for Targa Resources Boosted by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at US Capital Advisors raised their Q1 2026 earnings per share (EPS) estimates for shares of Targa Resources in a research note issued on Monday, February 2nd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $2.33 per share for the quarter, up from their prior estimate of $2.31. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.44 EPS.

Targa Resources (NYSE:TRGP) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $2.20 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.02). Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.70 billion.

Other analysts have also recently issued reports about the stock. Morgan Stanley reiterated an “overweight” rating and issued a $266.00 target price on shares of Targa Resources in a research note on Wednesday, January 28th. BMO Capital Markets upped their price target on shares of Targa Resources from $185.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wells Fargo & Company increased their price objective on Targa Resources from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Royal Bank Of Canada boosted their target price on Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen lowered Targa Resources from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Targa Resources currently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Targa Resources Trading Up 0.4%

Shares of Targa Resources stock opened at $205.26 on Wednesday. The company’s 50-day moving average price is $185.14 and its 200-day moving average price is $171.18. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 5.91. Targa Resources has a 12-month low of $144.14 and a 12-month high of $211.87. The company has a market cap of $44.06 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 0.88 and a beta of 0.88.

Targa Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, January 30th. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Targa Resources’s dividend payout ratio (DPR) is presently 53.19%.

Insider Activity

In related news, insider Gerald R. Shrader sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.21, for a total value of $498,327.50. Following the completion of the sale, the insider owned 29,561 shares in the company, valued at $5,356,748.81. The trade was a 8.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider D. Scott Pryor sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $172.21, for a total value of $3,444,200.00. Following the completion of the sale, the insider directly owned 22,139 shares of the company’s stock, valued at approximately $3,812,557.19. This represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Targa Resources

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Targa Resources during the second quarter valued at about $708,366,000. Wellington Management Group LLP lifted its stake in shares of Targa Resources by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 19,643,139 shares of the pipeline company’s stock valued at $3,291,012,000 after acquiring an additional 1,620,253 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Targa Resources during the 3rd quarter valued at about $121,426,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Targa Resources by 441.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 675,352 shares of the pipeline company’s stock worth $117,565,000 after acquiring an additional 550,591 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Targa Resources by 306.6% during the 2nd quarter. Franklin Resources Inc. now owns 601,370 shares of the pipeline company’s stock worth $104,686,000 after acquiring an additional 453,460 shares during 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 slightly raised its Q1 2026 EPS forecast to $2.33 (from $2.31), a near-term beat to prior expectations that may support sentiment around upcoming quarterly results.
• Neutral Sentiment: Market commentary notes TRGP has had daily gains but still underperformed peers on a relative basis — a reminder that sector rotation or peer moves may limit upside even when company-specific estimates are tweaked. Targa Resources Corp. stock underperforms Tuesday when compared to competitors despite daily gains
• Negative Sentiment: US Capital Advisors trimmed several forward estimates: Q2 2026 to $2.22 (from $2.23), Q3 2026 to $2.33 (from $2.35), Q4 2026 to $2.56 (from $2.58), FY2026 to $9.44 (from $9.47) and FY2027 to $10.35 (from $10.56). While the downgrades are modest, they lower the firm’s multi-quarter and multi-year EPS profile and could cap upside until clearer demand/earnings momentum returns. US Capital Advisors Predicts Targa Resources Q4 Earnings

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.