US Capital Advisors Predicts Targa Resources Q1 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Equities researchers at US Capital Advisors increased their Q1 2026 EPS estimates for Targa Resources in a research report issued to clients and investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $2.41 for the quarter, up from their prior estimate of $2.33. 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 2026 earnings at $2.30 EPS, Q4 2026 earnings at $2.50 EPS, Q1 2027 earnings at $2.44 EPS, Q2 2027 earnings at $2.39 EPS, Q3 2027 earnings at $2.52 EPS and FY2027 earnings at $10.09 EPS.

Other equities research analysts also recently issued research reports about the company. Mizuho increased their price objective on Targa Resources from $207.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Stifel Nicolaus boosted their target price on Targa Resources from $213.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Scotiabank restated an “outperform” rating on shares of Targa Resources in a research note on Tuesday, February 24th. Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 29th. Finally, Morgan Stanley lifted their price target on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.57.

Targa Resources Stock Up 2.7%

TRGP opened at $246.39 on Tuesday. The company has a fifty day moving average price of $219.25 and a 200-day moving average price of $186.95. The firm has a market capitalization of $52.96 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.84. The company has a debt-to-equity ratio of 5.21, a current ratio of 0.67 and a quick ratio of 0.55. Targa Resources has a one year low of $144.14 and a one year high of $250.00.

Targa Resources (NYSE:TRGP) last posted its earnings results on Thursday, February 19th. The pipeline company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. Targa Resources had a net margin of 10.88% and a return on equity of 65.48%. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.12 billion.

Targa Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, January 30th. Targa Resources’s payout ratio is currently 46.57%.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 1,359 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $229.30, for a total value of $311,618.70. Following the transaction, the director owned 77,094 shares of the company’s stock, valued at $17,677,654.20. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider D. Scott Pryor sold 17,500 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $228.92, for a total value of $4,006,100.00. Following the completion of the transaction, the insider directly owned 31,938 shares in the company, valued at approximately $7,311,246.96. This represents a 35.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,929 shares of company stock valued at $24,692,134 in the last three months. 1.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Targa Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Targa Resources during the 2nd quarter valued at about $708,366,000. Wellington Management Group LLP grew its position in Targa Resources by 9.0% during the third quarter. Wellington Management Group LLP now owns 19,643,139 shares of the pipeline company’s stock valued at $3,291,012,000 after acquiring an additional 1,620,253 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Targa Resources by 48.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,290,099 shares of the pipeline company’s stock valued at $607,023,000 after acquiring an additional 1,075,246 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Targa Resources during the third quarter worth approximately $121,426,000. Finally, Tortoise Capital Advisors L.L.C. raised its stake in shares of Targa Resources by 20.3% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 3,389,006 shares of the pipeline company’s stock worth $625,272,000 after acquiring an additional 572,562 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Targa Resources

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: UBS raised its price target on TRGP to $280 and reiterated a Buy rating, signaling stronger upside and supporting the stock rally. Article Title
• Positive Sentiment: Truist initiated coverage with a Buy rating and a $279 target, backing the bullish momentum from institutional research and likely contributing to today’s buying interest. Article Title
• Positive Sentiment: US Capital Advisors raised its Q1 2026 EPS estimate to $2.41 (up from $2.33), a near‑term beat that supports visible earnings strength for the next reported quarter. Article Title
• Neutral Sentiment: US Capital Advisors published a full set of quarterly/annual forecasts (Q1–Q4 2026 and Q1–Q3 2027); the note provides updated guidance that traders can use to model near‑term cash flow and FY2027 expectations. The firm’s FY2027 projection of $10.09 is well above current consensus, making it useful (but not definitive) for valuation debates. Article Title
• Negative Sentiment: Offsetting the positives, US Capital Advisors trimmed several 2026 quarter estimates (Q3 2026 to $2.30 from $2.33; Q4 2026 to $2.50 from $2.56) and lowered its FY2027 forecast (to $10.09 from $10.35), which introduces some downward pressure on near‑term growth expectations. Article Title

Targa Resources Company Profile

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.