Brokers Set Expectations for Targa Resources Q1 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at US Capital Advisors lifted their Q1 2026 earnings per share estimates for Targa Resources in a research report issued to clients and investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $2.41 per share for the quarter, up from their previous forecast of $2.33. 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 $2.30 EPS, Q4 2026 earnings at $2.50 EPS, Q1 2027 earnings at $2.44 EPS, Q2 2027 earnings at $2.39 EPS, Q3 2027 earnings at $2.52 EPS and FY2027 earnings at $10.09 EPS.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. The Goldman Sachs Group restated a “buy” rating and set a $242.00 price target on shares of Targa Resources in a research note on Friday, February 20th. Stifel Nicolaus raised their price objective on shares of Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, February 20th. TD Cowen lifted their price objective on shares of Targa Resources from $192.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Barclays reissued an “overweight” rating and set a $226.00 target price on shares of Targa Resources in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Targa Resources presently has an average rating of “Moderate Buy” and a consensus target price of $252.57.

Targa Resources Trading Down 0.4%

Shares of Targa Resources stock opened at $245.15 on Tuesday. The stock has a market capitalization of $52.69 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.61 and a beta of 0.84. Targa Resources has a 52-week low of $144.14 and a 52-week high of $250.00. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67. The stock’s 50-day simple moving average is $220.50 and its 200 day simple moving average is $187.35.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.12 billion.

Institutional Investors Weigh In On Targa Resources

A number of large investors have recently added to or reduced their stakes in TRGP. Hantz Financial Services Inc. boosted its holdings in shares of Targa Resources by 10.5% in the 4th quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock worth $97,000 after purchasing an additional 50 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Targa Resources by 0.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock valued at $1,376,000 after buying an additional 51 shares in the last quarter. First Horizon Corp lifted its position in Targa Resources by 20.1% in the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock worth $63,000 after buying an additional 57 shares during the last quarter. Larson Financial Group LLC lifted its position in Targa Resources by 4.1% in the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock worth $253,000 after buying an additional 60 shares during the last quarter. Finally, Equitable Holdings Inc. boosted its stake in Targa Resources by 3.6% in the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock worth $287,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Insiders Place Their Bets

In other news, President Jennifer R. Kneale sold 29,509 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $230.12, for a total value of $6,790,611.08. Following the transaction, the president owned 235,260 shares of the company’s stock, valued at $54,138,031.20. This represents a 11.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick J. Mcdonie sold 31,537 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the sale, the insider owned 305,163 shares in the company, valued at approximately $73,043,815.68. This trade represents a 9.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 104,929 shares of company stock worth $24,692,134. 1.34% of the stock is owned by corporate insiders.

Targa Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 30th. This represents a $4.00 annualized dividend and a yield of 1.6%. Targa Resources’s payout ratio is presently 46.57%.

Targa Resources News Roundup

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a “buy” rating, giving the stock meaningful upside relative to recent levels. UBS raises PT to $280
• Positive Sentiment: Truist/Truist Securities initiated/upped coverage on Targa with a buy/strong‑buy stance and a roughly $279 price target, adding another institutional endorsement supporting the stock. Truist initiates coverage
• Neutral Sentiment: US Capital Advisors published a broad set of estimate updates: they raised several near‑term and long‑term forecasts (examples: Q1/Q2 2026, FY2026 and FY2028 estimates were nudged higher), signaling upside to multi‑year earnings expectations. US Capital Advisors estimate changes
• Negative Sentiment: That same US Capital Advisors report included downgrades to certain quarters (notably Q3/Q4 2026) and a lower FY2027 outlook vs. their prior view — a near‑term earnings tempering that could weigh on sentiment. US Capital Advisors cuts to some quarters/FY2027

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.