TRGP beats Q2 earnings estimates as higher midstream fees and margins lift results, while lower commodity sales weigh on revenues.
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Targa Resources NYSE: TRGP reported record second-quarter operating volumes and adjusted EBITDA, supported by growth in the Permian Basin, higher marketing optimization opportunities and record activity across its downstream operations.
While the top- and bottom-line numbers for Targa Resources (TRGP) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Targa Resources, Inc. (TRGP) came out with quarterly earnings of $3.54 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.87 per share a year ago.
U.S. pipeline operator Targa Resources beat Wall Street estimates for second-quarter core profit on Thursday, as record Permian natural gas volumes and higher demand for its transportation and export services boosted earnings.
Beyond analysts' top-and-bottom-line estimates for Targa Resources (TRGP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.
Targa Resources (TRGP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Does Targa Resources, Inc. (TRGP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Targa Resources remains a 'Buy' as its Permian Basin NGL midstream footprint drives double-digit EBITDA and dividend growth. TRGP's aggressive growth cap-ex program addresses pent-up Permian demand and positions it to benefit from secular U.S. energy export growth. EBITDA guidance was raised to $5.7–$5.9 billion, with cap-ex set to decline, unlocking significant free cash flow and supporting substantial future dividend increases.