Capital One Financial Estimates Targa Resources Q3 Earnings

Key Points

• Capital One Financial raised its Q3 2025 EPS estimate for Targa Resources to $2.23, up from a previous estimate of $2.09, indicating positive revisions for the company's earnings.
• Targa Resources will pay a quarterly dividend of $1.00 on November 17, representing a 2.6% dividend yield and an annualized payout of $4.00.
• Currently, Targa Resources stock is rated as a "Moderate Buy" by analysts, with a consensus target price of $209.50.

Targa Resources, Inc. (NYSE:TRGP - Free Report) - Equities researchers at Capital One Financial upped their Q3 2025 EPS estimates for Targa Resources in a report issued on Wednesday, October 22nd. Capital One Financial analyst W. Suki now anticipates that the pipeline company will post earnings per share of $2.23 for the quarter, up from their prior estimate of $2.09. 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 $2.35 EPS and FY2026 earnings at $10.16 EPS.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets assumed coverage on shares of Targa Resources in a report on Friday, September 19th. They issued an "outperform" rating and a $185.00 price target on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Targa Resources in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Targa Resources from $205.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Mizuho decreased their price target on shares of Targa Resources from $212.00 to $207.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Finally, Scotiabank reiterated an "outperform" rating on shares of Targa Resources in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.50.

Targa Resources Stock Up 2.0%

Shares of NYSE TRGP opened at $154.47 on Thursday. Targa Resources has a 1 year low of $144.14 and a 1 year high of $218.51. The firm's 50 day moving average price is $162.66 and its 200 day moving average price is $165.61. The firm has a market cap of $33.24 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The company has a debt-to-equity ratio of 5.93, a quick ratio of 0.56 and a current ratio of 0.69.

Targa Resources (NYSE:TRGP - Get Free Report) last announced its earnings results on Thursday, August 7th. The pipeline company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $4.82 billion.

Targa Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 31st. Targa Resources's dividend payout ratio (DPR) is currently 56.58%.

Hedge Funds Weigh In On Targa Resources

A number of hedge funds have recently made changes to their positions in TRGP. Norges Bank purchased a new position in shares of Targa Resources in the 2nd quarter valued at $708,366,000. GQG Partners LLC raised its stake in shares of Targa Resources by 64.0% in the 1st quarter. GQG Partners LLC now owns 3,614,307 shares of the pipeline company's stock valued at $724,560,000 after acquiring an additional 1,410,747 shares during the period. Nuveen LLC purchased a new position in shares of Targa Resources in the 1st quarter valued at $196,351,000. Wellington Management Group LLP raised its stake in shares of Targa Resources by 7.5% in the 1st quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company's stock valued at $2,764,673,000 after acquiring an additional 962,631 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Targa Resources by 43.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,748,708 shares of the pipeline company's stock worth $551,033,000 after buying an additional 834,666 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

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.

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