Targa Resources Corp. is expected to release its Q3 2026 10-Q filing on November 3, 2026, before market open. Last quarter: Targa Resources Corp. delivered robust Q2 FY2026 results led by new asset start-ups and a shift to fee-based income, driving a 38% jump in adjusted EBITDA and positive free cash flow.
EPS Estimate
$2.80
Revenue Estimate
$4.85B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the TRGP page.
Drawn from management commentary in the Q2 2026 10-Q:
During Q2 2026, Targa started up the Falcon II, East Pembrook, and East Driver cryogenic plants (each 275 MMcf/d) and Train 11 (150 MBbl/d) in Mont Belvieu, expanding Permian and downstream capacity.
In January 2026, Targa completed the $1.25 billion cash acquisition of Stakeholder Midstream, integrating complementary Permian Basin assets into its Delaware operations.
The company repurchased $80.1 million in common stock during Q2 and increased the quarterly dividend to $1.25 per share (annualized $5.00), reflecting capital discipline and shareholder returns.
Revenue
$4.44B
+4.23% YoY
EPS (Diluted)
$3.54
+23.34% YoY
Operating Income
$1.23B
+19.44% YoY
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