Analysts Issue Forecasts for Targa Resources Q2 Earnings

Targa Resources, Inc. (NYSE:TRGP) – US Capital Advisors lowered their Q2 2026 earnings estimates for Targa Resources in a report issued on Monday, February 2nd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $2.22 per share for the quarter, down from their previous estimate of $2.23. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q3 2026 earnings at $2.33 EPS, Q4 2026 earnings at $2.56 EPS and FY2027 earnings at $10.35 EPS.

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

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on Targa Resources from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $266.00 price target on shares of Targa Resources in a research note on Wednesday, January 28th. Wall Street Zen lowered shares of Targa Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group restated a “buy” rating on shares of Targa Resources in a report on Friday, January 9th. Finally, Royal Bank Of Canada lifted their price target on Targa Resources from $213.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Targa Resources currently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Targa Resources Stock Up 2.9%

TRGP opened at $211.59 on Thursday. The company has a market capitalization of $45.42 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 0.88 and a beta of 0.88. The firm has a 50-day simple moving average of $185.87 and a two-hundred day simple moving average of $171.52. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 5.91. Targa Resources has a 52 week low of $144.14 and a 52 week high of $211.87.

Institutional Trading of Targa Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of TRGP. Vanguard Group Inc. boosted its stake in shares of Targa Resources by 1.5% during the third quarter. Vanguard Group Inc. now owns 28,382,289 shares of the pipeline company’s stock valued at $4,755,169,000 after purchasing an additional 422,075 shares during the period. Wellington Management Group LLP lifted its holdings in Targa Resources by 9.0% during 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 buying an additional 1,620,253 shares in the last quarter. Geode Capital Management LLC boosted its position in Targa Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,856,899 shares of the pipeline company’s stock valued at $1,022,222,000 after buying an additional 95,611 shares during the period. Norges Bank bought a new position in Targa Resources in the 2nd quarter worth about $708,366,000. Finally, UBS Group AG grew its stake in Targa Resources by 9.9% in the 3rd quarter. UBS Group AG now owns 2,360,311 shares of the pipeline company’s stock worth $395,447,000 after acquiring an additional 212,887 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Insider Transactions at Targa Resources

In other Targa Resources news, insider D. Scott Pryor sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were 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 owned 22,139 shares of the company’s stock, valued at $3,812,557.19. This trade represents a 47.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerald R. Shrader sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.21, for a total value of $498,327.50. Following the transaction, the insider owned 29,561 shares of the company’s stock, valued at $5,356,748.81. This trade represents a 8.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.34% of the company’s stock.

Targa Resources Dividend Announcement

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

Targa Resources Company Profile

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.