Targa Resources Corp. TRGP

Zacks Investment Research 12 nov

Enterprise Products Partners (EPD), Targa Resources (TRGP), and Energy Transfer (ET) are positioned to benefit from accelerating natural gas and NGL production in the Permian Basin. EPD raised its production growth forecast to 34% through 2030 and is executing a $6.3B capital program to expand processing and transportation capacity. TRGP and ET are similarly expanding infrastructure to capitalize on rising volumes.

Zacks Investment Research 11 nov

Targa Resources (TRGP) reported Q3 2026 earnings of $3.04 per share, beating estimates by 8.19%, with revenues up 34.9% to $5.6 billion. Record Permian inlet volumes and higher midstream fees drove adjusted EBITDA up 18% to $1.5B. The company raised its 2026 EBITDA outlook to at least $6B and increased its quarterly dividend by 25% to $1.25 per share, with plans for a 20% annualized dividend increase to $6 per share in 2027.

Zacks Investment Research 11 nov

Rising U.S. natural gas demand driven by LNG exports, electricity consumption, and industrial growth is spurring significant pipeline infrastructure investments. Kinder Morgan, Williams Companies, and Targa Resources are expanding their networks with major projects backed by long-term customer contracts, though regulatory approvals and construction costs remain challenges.

Zacks Investment Research 5 nov

Targa Resources reported Q3 2026 earnings with revenue of $5.6 billion, up 34.9% year-over-year, and EPS of $3.04 versus $2.20 in the prior year quarter. Both metrics exceeded Wall Street consensus estimates by approximately 9%, with the company demonstrating strong performance across gathering, processing, logistics, and marketing segments. The stock holds a Zacks Rank #2 (Buy) rating.

Zacks Investment Research 5 nov

Targa Resources (TRGP) reported Q3 2026 earnings of $3.04 per share, beating consensus estimates of $2.81 and delivering an 8.19% earnings surprise. The company also exceeded revenue expectations with $5.6 billion versus estimated $5.14 billion. TRGP has gained 54.5% year-to-date and holds a Zacks Rank #2 (Buy) rating. Meanwhile, NextNRG Inc. (NXXT) is expected to report a quarterly loss of $7.00 per share, representing a 41.7% year-over-year deterioration.