Targa Resources (TRGP) Expected to Release Earnings on Thursday

Key Points

• Targa Resources is expected to report Q3 2026 earnings before markets open Thursday, November 5. Analysts forecast EPS of $2.74 and revenue of $4.77 billion, with a conference call scheduled for 11:00 a.m. ET.
• The company exceeded earnings expectations in its previous quarter, reporting $3.54 EPS versus the $2.83 consensus estimate, although revenue fell short of forecasts.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $325.47, while Targa also maintains a quarterly dividend of $1.25 per share.

Targa Resources (NYSE:TRGP - Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $2.74 per share and revenue of $4.77 billion for the quarter. Parties may review the information on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.

Targa Resources (NYSE:TRGP - Get Free Report) last released its earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, topping the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.90 billion. On average, analysts expect Targa Resources to post $11.42 EPS for the current fiscal year and $12.51 EPS for the next fiscal year.

Targa Resources Price Performance

Shares of NYSE TRGP opened at $305.69 on Thursday. The stock's 50-day moving average is $289.77 and its two-hundred day moving average is $257.48. The company has a debt-to-equity ratio of 5.01, a current ratio of 0.77 and a quick ratio of 0.68. Targa Resources has a 1-year low of $150.00 and a 1-year high of $308.46. The company has a market cap of $65.55 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Targa Resources's payout ratio is currently 47.80%.

Insider Transactions at Targa Resources

In other news, Director Charles Crisp sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $290.23, for a total transaction of $870,690.00. Following the sale, the director owned 62,292 shares of the company's stock, valued at approximately $18,079,007.16. This trade represents a 4.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Chung sold 1,816 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $296.11, for a total value of $537,735.76. Following the sale, the director owned 44,000 shares of the company's stock, valued at approximately $13,028,840. The trade was a 3.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,216 shares of company stock valued at $2,127,634. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRGP. Royal Bank Of Canada boosted their price objective on Targa Resources from $312.00 to $338.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. UBS Group reaffirmed a "buy" rating and issued a $318.00 target price (up from $305.00) on shares of Targa Resources in a report on Thursday, July 9th. Morgan Stanley lifted their price target on shares of Targa Resources from $343.00 to $359.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 16th. TD Cowen upgraded shares of Targa Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from $275.00 to $350.00 in a report on Friday, September 18th. Finally, Wolfe Research set a $335.00 price objective on shares of Targa Resources in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $325.47.

Targa Resources Company Profile

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company's services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.

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