Analysts Issue Forecasts for Targa Resources Q4 Earnings

Targa Resources Corp. (NYSE:TRGP) – Equities research analysts at US Capital Advisors reduced their Q4 2025 EPS estimates for shares of Targa Resources in a research note issued to investors on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $2.21 per share for the quarter, down from their previous estimate of $2.23. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q1 2026 earnings at $2.22 EPS, Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $2.24 EPS and FY2027 earnings at $10.18 EPS.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, May 1st. The pipeline company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($1.13). Targa Resources had a return on equity of 28.67% and a net margin of 7.81%. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $5.01 billion.

Several other analysts have also weighed in on TRGP. Morgan Stanley lifted their target price on shares of Targa Resources from $202.00 to $244.00 and gave the company an “overweight” rating in a research report on Monday, March 17th. UBS Group decreased their target price on shares of Targa Resources from $259.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. Scotiabank decreased their target price on shares of Targa Resources from $199.00 to $193.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Barclays decreased their target price on shares of Targa Resources from $206.00 to $178.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their target price on shares of Targa Resources from $218.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $198.79.

Targa Resources Price Performance

Shares of Targa Resources stock opened at $160.37 on Wednesday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.61 and a current ratio of 0.77. The firm’s 50-day simple moving average is $175.82 and its 200-day simple moving average is $187.95. Targa Resources has a twelve month low of $113.65 and a twelve month high of $218.51. The firm has a market cap of $34.79 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22.

Institutional Investors Weigh In On Targa Resources

A number of institutional investors and hedge funds have recently modified their holdings of TRGP. Atomi Financial Group Inc. bought a new stake in Targa Resources in the fourth quarter valued at approximately $271,000. Segment Wealth Management LLC increased its stake in Targa Resources by 2,753.4% in the fourth quarter. Segment Wealth Management LLC now owns 55,328 shares of the pipeline company’s stock valued at $9,876,000 after purchasing an additional 53,389 shares in the last quarter. Affinity Wealth Management LLC increased its stake in Targa Resources by 117.4% in the fourth quarter. Affinity Wealth Management LLC now owns 5,341 shares of the pipeline company’s stock valued at $953,000 after purchasing an additional 2,884 shares in the last quarter. Barclays PLC increased its stake in Targa Resources by 19.5% in the third quarter. Barclays PLC now owns 1,034,545 shares of the pipeline company’s stock valued at $153,124,000 after purchasing an additional 168,602 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new stake in Targa Resources in the fourth quarter valued at approximately $339,000. 92.13% of the stock is owned by institutional investors.

Insider Transactions at Targa Resources

In related news, insider Jennifer R. Kneale sold 29,887 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $192.42, for a total transaction of $5,750,856.54. Following the completion of the sale, the insider now directly owns 227,269 shares of the company’s stock, valued at $43,731,100.98. The trade was a 11.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Waters S. Iv Davis sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $196.26, for a total transaction of $429,809.40. Following the sale, the director now directly owns 2,899 shares of the company’s stock, valued at approximately $568,957.74. This trade represents a 43.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,914 shares of company stock worth $22,613,288. Corporate insiders own 1.34% of the company’s stock.

Targa Resources Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 2.34%. Targa Resources’s payout ratio is 73.66%.

Targa Resources Company Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.