Brokers Offer Predictions for Targa Resources Q1 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Stock analysts at US Capital Advisors boosted their Q1 2026 EPS estimates for shares of Targa Resources in a report released on Monday, February 2nd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.33 per share for the quarter, up from their previous estimate of $2.31. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.44 EPS.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.02). The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.70 billion. Targa Resources had a return on equity of 51.87% and a net margin of 9.35%.

A number of other research analysts have also recently issued reports on TRGP. Royal Bank Of Canada lifted their price objective on Targa Resources from $213.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Wells Fargo & Company lifted their price target on shares of Targa Resources from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Weiss Ratings raised shares of Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. BMO Capital Markets lifted their target price on shares of Targa Resources from $185.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen cut Targa Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $213.50.

Targa Resources Price Performance

Shares of TRGP stock opened at $203.54 on Wednesday. The stock’s fifty day simple moving average is $183.88 and its 200 day simple moving average is $170.71. Targa Resources has a one year low of $144.14 and a one year high of $211.87. The firm has a market cap of $43.69 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 0.85 and a beta of 0.88. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.77 and a quick ratio of 0.61.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, January 30th. Targa Resources’s dividend payout ratio (DPR) is presently 53.19%.

Insider Buying and Selling at Targa Resources

In other news, insider Gerald R. Shrader sold 2,750 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $181.21, for a total transaction of $498,327.50. Following the transaction, the insider owned 29,561 shares of the company’s stock, valued at $5,356,748.81. This represents a 8.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider D. Scott Pryor sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $172.21, for a total value of $3,444,200.00. Following the completion of the transaction, the insider owned 22,139 shares in the company, valued at approximately $3,812,557.19. This represents a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.34% of the stock is currently owned by company insiders.

Institutional Trading of Targa Resources

A number of institutional investors have recently bought and sold shares of TRGP. Olistico Wealth LLC acquired a new stake in shares of Targa Resources during the fourth quarter worth $27,000. Peoples Financial Services CORP. bought a new position in Targa Resources during the third quarter worth about $34,000. Root Financial Partners LLC bought a new position in Targa Resources during the third quarter worth about $39,000. Eagle Bay Advisors LLC acquired a new position in shares of Targa Resources during the 4th quarter worth about $42,000. Finally, Avion Wealth increased its stake in shares of Targa Resources by 475.0% in the 3rd quarter. Avion Wealth now owns 276 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.