Inferra AIResearch Tools

Inferra AI / Company / TRGP

Targa Resources

TRGP · Energy

Last earnings Aug 6, 2026  ·  Next earnings Nov 5, 2026

AI analysis

Q2 2026 · reported Aug 6, 2026

Based on: Earnings release + parent 8-K — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

EBITDA

“to be towards the top end of our $5.7 billion to $5.9 billion”

capital expenditures

“to be approximately $4.5 billion”

Guidance stated in the release for full year 2026; figures as stated.

Next earningsNov 5, 2026Verified from the company’s own announcement

Capital allocation

This dividend25 percent
Dividend$268M

This dividend represents a 25 percent increase over the common dividend declared with respect to the second quarter of 2025.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Reports Record Second Quarter 2026 Financial Results HOUSTON &#x2013

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

EBITDA: “EBITDA to be towards the top end of our $5.7 billion to $5.9 billion”

capital expenditures: “capital expenditures to be approximately $4.5 billion”

EBITDA (“full year 2026”)
“s performance through the first two quarters of the year, Targa now estimates full year 2026 adjusted EBITDA to be towards the top end of our $5.7 billion to $5.9 billion range.”

capital expenditures (“full year 2026”)
“We continue to estimate net growth capital expenditures to be approximately $4.5 billion, and our estimate for 2026 net maintenance capital expenditures remains unchanged at approximately $250 million.”

Guidance stated in the release for full year 2026; figures as stated.

Capital allocation

This dividend represents a 25 percent increase over the common dividend declared with respect to the second quarter of 2025.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Total cash dividends of approximately $268 million will be paid on August 14, 2026 on all outstanding shares of common stock to holders of record as of the close of business on July 31, 2026.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

During the second quarter of 2026, Targa repurchased 308,102 shares of its common stock at a weighted average per share price of $259.93 for a total net cost of $80 million.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

As of June 30, 2026, there was $1,239 million remaining under the Company’s share repurchase programs.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

The premium on repurchase of noncontrolling interests, net of tax was due to the Badlands Transaction in the first quarter of 2025.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Adjusted EBITDA is used as a supplemental financial measure by the Company and by external users of the Company’s financial statements such as investors, commercial banks and others to measure the ability of the Company’s assets to generate cash sufficient to pay interest costs, support the Company’s indebtedness and pay dividends to the Company’s investors.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Strategy & priorities

In our L&T segment, we commenced operations of our Train 11 fractionator in Mont Belvieu, TX and our Delaware Express NGL Pipeline expansion in the second quarter.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Construction continues on our Train 12 and Train 13 fractionators in Mont Belvieu, our Speedway NGL Pipeline, our GPMT LPG Export Expansion, and our Bull Run, Buffalo Run and Forza intra-basin residue gas pipeline projects.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Risks & headwinds

(2) Litigation and environmental reserves includes charges related to specific litigation and environmental compliance matters that are nonrecurring in nature and outside the ordinary course of our business and/or not reflective of our ongoing core operations.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

SEC original ↗Targa Resources — Earnings release (8-K exhibit)EX-99Aug 6, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyYPF (YPF) EnergyCenovus Energy (CVE) EnergySuncor Energy (SU) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyCameco (CCJ) EnergyVista Energy, S.A.B. De C.V. (VIST) Energy
Documents

Filings

62 documents

Earnings releases

15 documents

Presentations

0 documents

No presentations for Targa Resources are held in this edition of the library.

Transcripts

0 documents

No transcripts for Targa Resources are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Targa Resources by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.