Q3 EPS Estimates for Targa Resources Raised by Analyst

Targa Resources, Inc. (NYSE:TRGP) – US Capital Advisors boosted their Q3 2025 earnings per share estimates for shares of Targa Resources in a report released on Tuesday, October 28th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.09 per share for the quarter, up from their previous estimate of $2.08. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ Q4 2025 earnings at $2.24 EPS, Q1 2026 earnings at $2.20 EPS, Q2 2026 earnings at $2.12 EPS, Q3 2026 earnings at $2.23 EPS, Q4 2026 earnings at $2.44 EPS, FY2026 earnings at $8.99 EPS and FY2027 earnings at $10.03 EPS.

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

Several other brokerages have also recently issued reports on TRGP. Wall Street Zen upgraded Targa Resources from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. TD Securities initiated coverage on Targa Resources in a research note on Monday, July 7th. They set a “hold” rating on the stock. Royal Bank Of Canada raised their price objective on Targa Resources from $205.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Barclays raised their price objective on Targa Resources from $178.00 to $195.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Targa Resources in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Targa Resources has an average rating of “Moderate Buy” and a consensus price target of $209.50.

Targa Resources Stock Performance

Shares of TRGP opened at $151.30 on Wednesday. The business’s fifty day moving average price is $161.76 and its 200 day moving average price is $165.20. Targa Resources has a 12-month low of $144.14 and a 12-month high of $218.51. The stock has a market capitalization of $32.56 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. The company has a debt-to-equity ratio of 5.93, a current ratio of 0.69 and a quick ratio of 0.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Stratos Wealth Advisors LLC increased its holdings in shares of Targa Resources by 3.6% during the first quarter. Stratos Wealth Advisors LLC now owns 1,776 shares of the pipeline company’s stock valued at $356,000 after purchasing an additional 62 shares during the period. State of Wyoming increased its holdings in shares of Targa Resources by 3.2% during the second quarter. State of Wyoming now owns 2,076 shares of the pipeline company’s stock valued at $361,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. increased its holdings in shares of Targa Resources by 11.9% during the second quarter. UMB Bank n.a. now owns 658 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 70 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Targa Resources by 0.8% during the second quarter. QRG Capital Management Inc. now owns 9,296 shares of the pipeline company’s stock valued at $1,618,000 after purchasing an additional 72 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of Targa Resources by 1.8% during the first quarter. D.A. Davidson & CO. now owns 4,267 shares of the pipeline company’s stock valued at $855,000 after purchasing an additional 74 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

Targa Resources Announces Dividend

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

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.