Q3 EPS Estimates for Targa Resources Increased by Analyst

Key Points

• Capital One Financial has raised its Q3 2025 earnings per share estimate for Targa Resources to $2.09, an increase from the previous estimate of $2.00, while the consensus estimate for full-year earnings stands at $8.15 per share.
• Targa Resources reported $2.87 earnings per share for its latest quarter, significantly outperforming the consensus estimate of $1.95, though its revenue fell short of expectations with $4.26 billion generated.
• The company recently declared a quarterly dividend of $1.00 per share, reflecting a notable increase from the previous $0.12 dividend, resulting in an annualized yield of 2.4%.

Targa Resources, Inc. (NYSE:TRGP - Free Report) - Capital One Financial lifted their Q3 2025 EPS estimates for Targa Resources in a research report issued on Thursday, August 14th. Capital One Financial analyst W. Suki now anticipates that the pipeline company will earn $2.09 per share for the quarter, up from their previous forecast of $2.00. The consensus estimate for Targa Resources' current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources' Q4 2025 earnings at $2.33 EPS and FY2026 earnings at $9.80 EPS.

Targa Resources (NYSE:TRGP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The pipeline company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.92. Targa Resources had a net margin of 8.99% and a return on equity of 43.35%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.82 billion.

Other equities analysts also recently issued research reports about the stock. Scotiabank reiterated an "outperform" rating on shares of Targa Resources in a report on Thursday, August 14th. The Goldman Sachs Group decreased their target price on Targa Resources from $218.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company reiterated an "overweight" rating and set a $205.00 target price (up previously from $198.00) on shares of Targa Resources in a research report on Friday, August 8th. Cfra Research upgraded Targa Resources to a "hold" rating in a research report on Friday, August 8th. Finally, TD Securities began coverage on Targa Resources in a research report on Monday, July 7th. They set a "hold" rating on the stock. Two 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.21.

Targa Resources Stock Up 1.1%

Shares of TRGP traded up $1.7420 during mid-day trading on Monday, hitting $162.5120. 1,717,901 shares of the company traded hands, compared to its average volume of 1,867,682. Targa Resources has a 1-year low of $141.58 and a 1-year high of $218.51. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 5.93. The company has a market capitalization of $34.97 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.12. The business has a 50 day moving average of $168.45 and a 200 day moving average of $176.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its position in shares of Targa Resources by 578.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 129 shares of the pipeline company's stock worth $26,000 after purchasing an additional 110 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Targa Resources during the 4th quarter worth about $31,000. Colonial Trust Co SC increased its position in shares of Targa Resources by 5,400.0% during the 4th quarter. Colonial Trust Co SC now owns 165 shares of the pipeline company's stock worth $29,000 after purchasing an additional 162 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Targa Resources during the 4th quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Targa Resources during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Targa Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. This is a boost from Targa Resources's previous quarterly dividend of $0.12. Targa Resources's payout ratio is presently 56.58%.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.