US Capital Advisors Comments on Targa Resources Q3 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Research analysts at US Capital Advisors boosted their Q3 2026 earnings per share estimates for shares of Targa Resources in a report released on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $2.53 per share for the quarter, up from their previous forecast of $2.51. The consensus estimate for Targa Resources’ current full-year earnings is $11.42 per share. US Capital Advisors also issued estimates for Targa Resources’ Q1 2027 earnings at $2.77 EPS, Q2 2027 earnings at $2.78 EPS, Q3 2027 earnings at $2.92 EPS, Q4 2027 earnings at $3.18 EPS, FY2027 earnings at $11.65 EPS and FY2028 earnings at $12.87 EPS.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings results on Thursday, August 6th. The pipeline company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.90 billion.

Several other brokerages have also recently issued reports on TRGP. Weiss Ratings upgraded Targa Resources from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, October 14th. Barclays raised their target price on Targa Resources from $284.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. Wolfe Research set a $335.00 price target on Targa Resources in a report on Friday, August 7th. Scotiabank reissued an “outperform” rating and set a $319.00 price target on shares of Targa Resources in a research report on Thursday, October 15th. Finally, Capital One Financial upped their price objective on shares of Targa Resources from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $325.47.

Targa Resources Stock Performance

Shares of Targa Resources stock opened at $305.69 on Thursday. The business’s 50 day moving average price is $289.77 and its 200 day moving average price is $257.48. The company has a market cap of $65.55 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.25 and a beta of 0.80. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. Targa Resources has a one year low of $150.00 and a one year high of $308.46.

Targa Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Friday, October 30th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Targa Resources’s dividend payout ratio (DPR) is currently 47.80%.

Insider Activity

In related news, Director Paul W. Chung sold 1,816 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $296.11, for a total transaction of $537,735.76. Following the completion of the transaction, the director owned 44,000 shares of the company’s stock, valued at approximately $13,028,840. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Waters S. Iv Davis sold 2,400 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $299.67, for a total transaction of $719,208.00. Following the transaction, the director directly owned 1,529 shares of the company’s stock, valued at $458,195.43. The trade was a 61.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,216 shares of company stock valued at $2,127,634. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Targa Resources

Several institutional investors have recently added to or reduced their stakes in TRGP. Tidal Investments LLC grew its stake in shares of Targa Resources by 238.0% in the second quarter. Tidal Investments LLC now owns 41,741 shares of the pipeline company’s stock valued at $11,192,000 after buying an additional 29,390 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Targa Resources in the 2nd quarter valued at $100,442,000. Freedom Day Solutions LLC acquired a new position in Targa Resources during the 3rd quarter worth about $2,631,000. Nykredit A S acquired a new position in Targa Resources during the 2nd quarter worth about $33,314,000. Finally, Envestnet Asset Management Inc. lifted its stake in Targa Resources by 5.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 756,768 shares of the pipeline company’s stock worth $202,920,000 after acquiring an additional 41,241 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Targa Resources News Summary

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: US Capital Advisors raised earnings forecasts across 2027 and 2028. The firm increased its estimates for Q1, Q2, Q3 and Q4 2027, lifting its full-year 2027 EPS forecast to $11.65 from $11.05 and its 2028 forecast to $12.87 from $12.73. The revisions suggest improving confidence in Targa’s earnings trajectory and could support investor sentiment.
• Positive Sentiment: Near-term estimates also moved modestly higher. US Capital Advisors raised its Q3 2026 EPS estimate to $2.53 from $2.51 and its FY2026 forecast to $11.01 from $10.98. The firm’s estimates remain broadly consistent with expectations for strong earnings growth.
• Positive Sentiment: Momentum-focused coverage remains favorable. Zacks identified TRGP as a potential momentum pick, reinforcing the stock’s strong trend. Targa’s stock has a 50-day moving average of $289.77 and a 200-day moving average of $257.48, both below its recent trading level. Zacks momentum analysis
• Neutral Sentiment: Investors are awaiting quarterly results. Targa is scheduled to announce earnings Thursday, making the report, guidance and management commentary important near-term drivers for the stock. Targa Resources earnings announcement
• Negative Sentiment: One estimate was trimmed. US Capital Advisors lowered its Q4 2026 EPS forecast slightly to $2.68 from $2.69, limiting the overall positive impact of the revisions. The stock also underperformed some competitors despite registering a recent gain. MarketWatch performance report

About Targa Resources

Targa Resources Corp. is a Houston-based midstream energy company that owns, operates and develops infrastructure used to gather, process, transport, store and fractionate natural gas and natural gas liquids (NGLs). Its operations support producers and other energy companies by connecting hydrocarbon supplies with domestic and international markets.

The company’s services include natural gas gathering and processing, NGL recovery, fractionation and storage, crude oil gathering, and the transportation and logistics of NGLs and related products.