Q2 EPS Estimates for Targa Resources Reduced by Analyst

Targa Resources Corp. (NYSE:TRGP) – US Capital Advisors reduced their Q2 2025 earnings per share estimates for Targa Resources in a research note issued on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $2.00 per share for the quarter, down from their prior forecast of $2.02. 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’ Q3 2025 earnings at $2.08 EPS, FY2025 earnings at $7.20 EPS, Q4 2026 earnings at $2.47 EPS and FY2026 earnings at $9.06 EPS.

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

Several other equities analysts have also recently issued reports on TRGP. Citigroup decreased their price objective on Targa Resources from $227.00 to $197.00 and set a “buy” rating for the company in a report on Friday, May 9th. Truist Financial lifted their price target on Targa Resources from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Royal Bank of Canada decreased their price target on Targa Resources from $199.00 to $191.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Scotiabank dropped their price objective on shares of Targa Resources from $199.00 to $193.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Targa Resources from $204.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $198.79.

Targa Resources Trading Down 0.8%

Shares of Targa Resources stock opened at $159.08 on Thursday. The stock has a market cap of $34.51 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22. The firm has a fifty day moving average price of $175.08 and a 200 day moving average price of $187.88. Targa Resources has a 1 year low of $113.65 and a 1 year high of $218.51. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.77 and a quick ratio of 0.61.

Targa Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, May 15th. Investors 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 dividend payout ratio (DPR) is presently 73.66%.

Insider Activity at Targa Resources

In other Targa Resources news, insider Jennifer R. Kneale sold 29,887 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $192.42, for a total value of $5,750,856.54. Following the transaction, the insider now owns 227,269 shares in the company, valued at approximately $43,731,100.98. This trade represents a 11.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider D. Scott Pryor sold 35,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $197.30, for a total transaction of $6,905,500.00. Following the sale, the insider now directly owns 82,139 shares of the company’s stock, valued at $16,206,024.70. The trade was a 29.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,914 shares of company stock valued at $22,613,288. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Targa Resources

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Targa Resources by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 27,584,275 shares of the pipeline company’s stock worth $5,529,820,000 after purchasing an additional 423,667 shares during the last quarter. Wellington Management Group LLP lifted its position in Targa Resources by 7.5% during the first quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company’s stock worth $2,764,673,000 after buying an additional 962,631 shares in the last quarter. Geode Capital Management LLC boosted its stake in Targa Resources by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 5,930,473 shares of the pipeline company’s stock worth $1,056,187,000 after buying an additional 212,986 shares during the last quarter. Invesco Ltd. boosted its stake in Targa Resources by 3.2% during the first quarter. Invesco Ltd. now owns 4,565,960 shares of the pipeline company’s stock worth $915,338,000 after buying an additional 139,780 shares during the last quarter. Finally, GQG Partners LLC grew its holdings in Targa Resources by 64.0% in the 1st quarter. GQG Partners LLC now owns 3,614,307 shares of the pipeline company’s stock valued at $724,560,000 after buying an additional 1,410,747 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

About Targa Resources

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.