Earnings ·
Targa Resources Corp. reported record second quarter 2026 financial results, with net income attributable to the…
TRGPTarga Resources Corp.
Targa Resources Corp. reported record second quarter 2026 financial results, with net income attributable to the company rising 22% year-over-year to $765 million and adjusted EBITDA increasing 38% to $1,603 million. The company raised its full-year 2026 adjusted EBITDA outlook to the top end of the $5.7 billion to $5.9 billion range, citing strong marketing margins and volume growth across its integrated assets. Targa also declared a quarterly cash dividend of $1.25 per common share, representing a 25% increase over the prior year's second quarter payout. Operations commenced for new capacity including Train 11 fractionator, Delaware Express NGL Pipeline expansion, and the East Driver processing plant. The company operates in the midstream energy sector, providing gathering, processing, transportation, and storage services for natural gas, NGLs, and crude oil.