Targa Resources Corp. announced executive leadership changes effective September 1, 2026. Benjamin J. Branstetter was appointed Chief Financial Officer and principal financial officer, succeeding William A. Byers, with an increased annual base salary of $600,000 and a long-term incentive award equal to 400% of his base salary. Brent B. Secrest was appointed President – Logistics and Transportation. Mr. Byers retired from the CFO role but will remain in a non-executive capacity through December 31, 2026, under a separation agreement that accelerates vesting for certain RSUs while forfeiting others. Targa Resources Corp. operates in the midstream energy sector, providing natural gas and NGL transportation, storage, and marketing services.

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.

Targa Resources Corp. appointed Thomas Mathiasmeier to its Board of Directors as a Class II Director on July 16, 2026. Mathiasmeier, formerly President of Global Gas, Power & Emerging Markets at ConocoPhillips, also joined the Board's Audit Committee. His term expires at the 2027 annual meeting of stockholders. The company entered into an indemnification agreement with Mathiasmeier and expects to grant him a pro-rated restricted stock award of 477 shares. Targa Resources Corp. is an energy company that provides midstream services.

Targa Resources Partners LP, a subsidiary of Targa Resources Corp., entered into the Seventeenth Amendment to the Receivables Purchase Agreement on July 1, 2026, extending the Facility Termination Date to July 30, 2027, and establishing an uncommitted line of $200 million. Following the amendment, post-transactional-effect, there were approximately $451 million of trade receivable purchases outstanding under the Facility. Targa Resources Corp. operates in the midstream energy industry, providing natural gas liquids and natural gas processing and transportation services.