Q2 EPS Estimates for Targa Resources Raised by Analyst

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at US Capital Advisors increased their Q2 2026 earnings estimates for shares of Targa Resources in a report released on Monday, March 23rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $2.30 per share for the quarter, up from their prior estimate of $2.22. 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 $9.51 EPS, Q4 2027 earnings at $2.74 EPS and FY2028 earnings at $11.38 EPS.

Targa Resources (NYSE:TRGP) last issued its quarterly earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.12 billion.

A number of other analysts have also recently commented on the company. Royal Bank Of Canada boosted their price target on Targa Resources from $218.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Citigroup raised their price objective on Targa Resources from $200.00 to $262.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. Truist Financial began coverage on Targa Resources in a report on Tuesday. They issued a “buy” rating and a $279.00 target price on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $241.00 target price on shares of Targa Resources in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.57.

Targa Resources Price Performance

Shares of TRGP opened at $246.39 on Wednesday. Targa Resources has a fifty-two week low of $144.14 and a fifty-two week high of $250.00. The firm’s 50-day simple moving average is $219.25 and its two-hundred day simple moving average is $186.95. The stock has a market cap of $52.96 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. The company has a debt-to-equity ratio of 5.21, a quick ratio of 0.55 and a current ratio of 0.67.

Targa Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Targa Resources’s payout ratio is presently 46.57%.

Insider Buying and Selling

In related news, insider D. Scott Pryor sold 17,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $228.92, for a total transaction of $4,006,100.00. Following the completion of the sale, the insider owned 31,938 shares in the company, valued at approximately $7,311,246.96. This represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick J. Mcdonie sold 31,537 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $239.36, for a total value of $7,548,696.32. Following the completion of the transaction, the insider directly owned 305,163 shares in the company, valued at approximately $73,043,815.68. This represents a 9.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,929 shares of company stock valued at $24,692,134 over the last ninety days. 1.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Targa Resources

Several institutional investors have recently made changes to their positions in TRGP. Olistico Wealth LLC purchased a new stake in Targa Resources during the fourth quarter valued at approximately $27,000. Atlantic Union Bankshares Corp purchased a new position in shares of Targa Resources during the 4th quarter worth $27,000. Miller Capital Partners Inc. purchased a new position in shares of Targa Resources during the 4th quarter worth $30,000. Leonteq Securities AG bought a new stake in shares of Targa Resources during the 4th quarter valued at $31,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Targa Resources during the 3rd quarter valued at $34,000. Institutional investors own 92.13% of the company’s stock.

More Targa Resources News

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

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near‑term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near‑term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near‑term growth expectations. Article Title

Targa Resources Company Profile

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.