Targa Resources (TRGP) Expected to Announce Earnings on Thursday

Targa Resources (NYSE:TRGP) is projected to announce its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect the company to announce earnings of $2.56 per share and revenue of $4.7126 billion for the quarter. Investors 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) last announced its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, beating the consensus estimate 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 Stock Performance

NYSE:TRGP opened at $258.89 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 5.21. Targa Resources has a 12-month low of $144.14 and a 12-month high of $260.49. The stock has a 50-day moving average price of $240.75 and a 200 day moving average price of $202.03. The stock has a market capitalization of $55.61 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.64 and a beta of 0.75.

Targa Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, April 30th. This is a positive change from Targa Resources’s previous quarterly dividend of $1.00. Targa Resources’s dividend payout ratio is currently 58.21%.

Insider Activity at Targa Resources

In related news, Director Lindsey Cooksen sold 435 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $231.72, for a total transaction of $100,798.20. Following the sale, the director owned 11,670 shares of the company’s stock, valued at $2,704,172.40. This represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Patrick J. Mcdonie sold 31,537 shares of Targa Resources stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $239.36, for a total transaction of $7,548,696.32. Following the completion of the transaction, the insider directly owned 305,163 shares of the company’s stock, valued at $73,043,815.68. The trade was a 9.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,929 shares of company stock valued at $24,692,134 over the last quarter. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Targa Resources

Several large investors have recently added to or reduced their stakes in the stock. Woodline Partners LP raised its holdings in Targa Resources by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,423 shares of the pipeline company’s stock valued at $3,693,000 after buying an additional 5,327 shares during the period. Focus Partners Wealth increased its position in Targa Resources by 157.4% during the first quarter. Focus Partners Wealth now owns 3,931 shares of the pipeline company’s stock valued at $788,000 after acquiring an additional 2,404 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Targa Resources by 6.3% in the second quarter. Baird Financial Group Inc. now owns 3,697 shares of the pipeline company’s stock valued at $644,000 after acquiring an additional 219 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Targa Resources by 13.1% in the 2nd quarter. Brown Advisory Inc. now owns 4,521 shares of the pipeline company’s stock worth $787,000 after acquiring an additional 524 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Targa Resources by 11.0% during the 2nd quarter. Cerity Partners LLC now owns 31,881 shares of the pipeline company’s stock worth $5,550,000 after purchasing an additional 3,163 shares during the period. 92.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRGP. Royal Bank Of Canada increased their price objective on shares of Targa Resources from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Seaport Research Partners restated a “neutral” rating on shares of Targa Resources in a research report on Monday. Stifel Nicolaus raised their target price on shares of Targa Resources from $213.00 to $243.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. Finally, Wells Fargo & Company increased their price objective on shares of Targa Resources from $248.00 to $264.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.