Targa Resources (TRGP) Projected to Post Earnings on Thursday

Key Points

• Q1 2026 earnings: Targa Resources is expected to report before the open on Thursday, May 7 (conference call 11:00 AM ET), with analysts forecasting about $2.46 EPS and $4.741 billion in revenue.
• Dividend increase: The company raised its quarterly dividend to $1.25 per share (annualized $5.00) for a ~2.0% yield; the ex-dividend date was April 30 and the payment is scheduled for May 15.
• Insider and market positioning: insiders have sold roughly 104,929 shares in the past 90 days while institutional investors own ~92.13% of the stock, and analysts hold a consensus "Moderate Buy" rating with an average target of $259.93.

Targa Resources (NYSE:TRGP - Get Free Report) will likely be releasing its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect Targa Resources to post earnings of $2.46 per share and revenue of $4.7410 billion for the quarter. Interested persons may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, May 7, 2026 at 11:00 AM ET.

Targa Resources (NYSE:TRGP - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.16. Targa Resources had a return on equity of 65.48% and a net margin of 10.88%.The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion. On average, analysts expect Targa Resources to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Targa Resources Trading Up 0.6%

Shares of TRGP stock opened at $249.84 on Thursday. Targa Resources has a 1 year low of $144.14 and a 1 year high of $253.87. The company has a debt-to-equity ratio of 5.21, a current ratio of 0.67 and a quick ratio of 0.55. The stock's 50 day simple moving average is $240.03 and its two-hundred day simple moving average is $200.91. The company has a market cap of $53.66 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81.

Targa Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from Targa Resources's previous quarterly dividend of $1.00. The ex-dividend date is Thursday, April 30th. Targa Resources's dividend payout ratio (DPR) is currently 46.57%.

Insider Activity

In other news, insider D. Scott Pryor sold 17,500 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the transaction, the insider owned 31,938 shares of the company's stock, valued at approximately $7,311,246.96. This represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Muraro sold 24,589 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $241.34, for a total value of $5,934,309.26. Following the transaction, the insider directly owned 197,401 shares in the company, valued at approximately $47,640,757.34. This represents a 11.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 104,929 shares of company stock valued at $24,692,134. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in Targa Resources by 1.3% in the fourth quarter. State Street Corp now owns 12,668,233 shares of the pipeline company's stock worth $2,337,289,000 after purchasing an additional 162,878 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in Targa Resources by 20.3% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company's stock worth $625,272,000 after purchasing an additional 572,562 shares in the last quarter. UBS Group AG grew its stake in Targa Resources by 9.9% in the third quarter. UBS Group AG now owns 2,360,311 shares of the pipeline company's stock worth $395,447,000 after purchasing an additional 212,887 shares in the last quarter. Northern Trust Corp grew its stake in Targa Resources by 3.3% in the fourth quarter. Northern Trust Corp now owns 2,246,742 shares of the pipeline company's stock worth $414,524,000 after purchasing an additional 71,198 shares in the last quarter. Finally, BROOKFIELD Corp ON grew its stake in Targa Resources by 26.2% in the fourth quarter. BROOKFIELD Corp ON now owns 1,667,106 shares of the pipeline company's stock worth $307,581,000 after purchasing an additional 346,114 shares in the last quarter. Institutional investors own 92.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRGP. TD Cowen upped their price objective on Targa Resources from $192.00 to $220.00 and gave the company a "hold" rating in a research report on Monday, February 23rd. Weiss Ratings raised Targa Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, January 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $241.00 target price on shares of Targa Resources in a research note on Friday, February 20th. Citigroup upped their target price on Targa Resources from $200.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada upped their target price on Targa Resources from $260.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $259.93.

About Targa Resources

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.

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