Targa Resources (TRGP) Expected to Announce Quarterly Earnings on Thursday

Targa Resources (NYSE:TRGP) is expected to be releasing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect Targa Resources to post earnings of $2.74 per share and revenue of $4.77 billion for the quarter. Investors can check the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.

Targa Resources (NYSE:TRGP) last issued its earnings results on Thursday, August 6th. The pipeline company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.71. Targa Resources had a return on equity of 69.26% and a net margin of 13.55%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.90 billion. On average, analysts expect Targa Resources to post $11.42 EPS for the current fiscal year and $12.58 EPS for the next fiscal year.

Targa Resources Stock Performance

Shares of TRGP opened at $298.29 on Wednesday. The stock has a 50-day moving average of $290.31 and a two-hundred day moving average of $260.01. Targa Resources has a one year low of $152.22 and a one year high of $316.60. The company has a debt-to-equity ratio of 5.01, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a market cap of $63.96 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.22 and a beta of 0.76.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Friday, October 30th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Targa Resources’s dividend payout ratio is currently 47.80%.

Insider Activity

In other news, Director S Davis sold 2,400 shares of Targa Resources stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $299.67, for a total transaction of $719,208.00. Following the completion of 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Chung sold 1,816 shares of the business’s stock in a transaction 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 represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,216 shares of company stock valued at $2,127,634 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRGP. Wolfe Research set a $335.00 price objective on Targa Resources in a research note on Friday, August 7th. UBS Group reaffirmed a “buy” rating and set a $318.00 target price (up from $305.00) on shares of Targa Resources in a report on Thursday, July 9th. Stifel Nicolaus set a $335.00 target price on Targa Resources in a research report on Friday, October 9th. Raymond James Financial reiterated a “strong-buy” rating and issued a $340.00 price target on shares of Targa Resources in a report on Tuesday, October 20th. Finally, Scotiabank reiterated an “outperform” rating and issued a $319.00 price target on shares of Targa Resources in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $325.47.

Targa Resources Company Profile

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.