Targa Resources Q3 EPS Lifted by Capital One Financial

Targa Resources, Inc. (NYSE:TRGP) – Capital One Financial upped their Q3 2025 earnings per share (EPS) estimates for shares of Targa Resources in a research note issued on Wednesday, October 22nd. Capital One Financial analyst W. Suki now anticipates that the pipeline company will earn $2.23 per share for the quarter, up from their prior estimate of $2.09. 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 $2.35 EPS and FY2026 earnings at $10.16 EPS.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their target price on Targa Resources from $214.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $205.00 target price (up from $198.00) on shares of Targa Resources in a research report on Friday, August 8th. BMO Capital Markets started coverage on Targa Resources in a research report on Friday, September 19th. They set an “outperform” rating and a $185.00 target price for the company. Mizuho decreased their target price on Targa Resources from $212.00 to $207.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, Cfra Research raised Targa Resources to a “hold” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.50.

Targa Resources Trading Up 1.5%

Shares of Targa Resources stock opened at $156.82 on Thursday. Targa Resources has a 1 year low of $144.14 and a 1 year high of $218.51. The firm has a market cap of $33.75 billion, a PE ratio of 22.18, a P/E/G ratio of 0.99 and a beta of 1.12. The stock has a fifty day moving average price of $162.49 and a 200-day moving average price of $165.56. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56.

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

Institutional Investors Weigh In On Targa Resources

Several large investors have recently added to or reduced their stakes in TRGP. Cornerstone Planning Group LLC increased its holdings in Targa Resources by 578.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 129 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 110 shares during the last quarter. Disciplina Capital Management LLC purchased a new stake in Targa Resources in the 1st quarter worth about $46,000. Olde Wealth Management LLC bought a new position in Targa Resources in the 1st quarter worth about $52,000. Elevation Point Wealth Partners LLC bought a new position in Targa Resources in the 2nd quarter worth about $53,000. Finally, Carolina Wealth Advisors LLC bought a new position in Targa Resources in the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Targa Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.6%. Targa Resources’s dividend payout ratio (DPR) is 56.58%.

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.