Capital One Financial Estimates Targa Resources Q3 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Equities research analysts at Capital One Financial raised their Q3 2025 earnings per share (EPS) estimates for Targa Resources in a research note issued to investors on Thursday, August 14th. Capital One Financial analyst W. Suki now anticipates that the pipeline company will post earnings of $2.09 per share for the quarter, up from their prior forecast of $2.00. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources’ Q4 2025 earnings at $2.33 EPS and FY2026 earnings at $9.80 EPS.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, August 7th. The pipeline company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.92. Targa Resources had a net margin of 8.99% and a return on equity of 43.35%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.82 billion.

TRGP has been the subject of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $208.00 price objective (up previously from $205.00) on shares of Targa Resources in a research report on Tuesday, August 12th. Mizuho set a $212.00 price objective on Targa Resources and gave the stock an “outperform” rating in a report on Tuesday, May 20th. Barclays upped their price objective on shares of Targa Resources from $178.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their target price on shares of Targa Resources from $189.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Scotiabank restated an “outperform” rating on shares of Targa Resources in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.21.

Targa Resources Stock Down 1.2%

TRGP stock opened at $163.50 on Monday. The firm has a market cap of $35.18 billion, a PE ratio of 23.13, a P/E/G ratio of 1.02 and a beta of 1.12. Targa Resources has a 12 month low of $140.90 and a 12 month high of $218.51. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $168.57 and a 200 day simple moving average of $176.58.

Targa Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Targa Resources’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 31st. Targa Resources’s dividend payout ratio (DPR) is currently 56.58%.

Hedge Funds Weigh In On Targa Resources

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Targa Resources by 1.4% in the second quarter. Vanguard Group Inc. now owns 27,960,214 shares of the pipeline company’s stock worth $4,867,314,000 after acquiring an additional 375,939 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Targa Resources by 7.5% during the 1st quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company’s stock valued at $2,764,673,000 after purchasing an additional 962,631 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Targa Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,856,899 shares of the pipeline company’s stock valued at $1,022,222,000 after purchasing an additional 95,611 shares during the last quarter. Invesco Ltd. raised its holdings in Targa Resources by 3.2% during the first quarter. Invesco Ltd. now owns 4,565,960 shares of the pipeline company’s stock valued at $915,338,000 after buying an additional 139,780 shares in the last quarter. Finally, Norges Bank bought a new position in Targa Resources during the second quarter valued at about $708,366,000. 92.13% of the stock is owned by institutional investors and hedge funds.

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.