US Capital Advisors Weighs in on Targa Resources Q2 Earnings

Targa Resources, Inc. (NYSE:TRGP) – US Capital Advisors upped their Q2 2026 earnings per share (EPS) estimates for shares of Targa Resources in a research note issued on Monday, March 23rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $2.30 per share for the quarter, up from their prior estimate of $2.22. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2026 earnings at $9.51 EPS, Q4 2027 earnings at $2.74 EPS and FY2028 earnings at $11.38 EPS.

TRGP has been the topic of several other reports. Barclays restated an “overweight” rating and set a $226.00 price target on shares of Targa Resources in a report on Friday, February 20th. Wells Fargo & Company lifted their target price on shares of Targa Resources from $248.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Scotiabank restated an “outperform” rating on shares of Targa Resources in a research note on Tuesday, February 24th. Morgan Stanley upped their target price on Targa Resources from $266.00 to $298.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings raised Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Targa Resources has an average rating of “Moderate Buy” and a consensus price target of $252.57.

Targa Resources Stock Performance

Shares of TRGP stock opened at $245.15 on Wednesday. The company has a debt-to-equity ratio of 5.21, a current ratio of 0.67 and a quick ratio of 0.55. The firm has a 50-day moving average of $220.50 and a 200-day moving average of $187.35. Targa Resources has a one year low of $144.14 and a one year high of $250.00. The company has a market cap of $52.69 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.61 and a beta of 0.84.

Targa Resources (NYSE:TRGP) last posted its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 earnings per share (EPS) 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 firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.12 billion.

Targa Resources Announces Dividend

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

Insider Buying and Selling

In related news, Director Lindsey Cooksen sold 435 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $231.72, for a total value of $100,798.20. Following the sale, the director directly owned 11,670 shares in the company, valued at approximately $2,704,172.40. The trade was a 3.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 1,359 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $229.30, for a total transaction of $311,618.70. Following the sale, the director directly owned 77,094 shares in the company, valued at approximately $17,677,654.20. This trade represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,929 shares of company stock worth $24,692,134 in the last quarter. 1.34% of the stock is currently owned by company insiders.

Institutional Trading of Targa Resources

Institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in Targa Resources by 10.5% in the 4th quarter. Hantz Financial Services Inc. now owns 526 shares of the pipeline company’s stock worth $97,000 after buying an additional 50 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Targa Resources by 0.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,455 shares of the pipeline company’s stock valued at $1,376,000 after buying an additional 51 shares in the last quarter. First Horizon Corp raised its holdings in Targa Resources by 20.1% during the 4th quarter. First Horizon Corp now owns 340 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 57 shares during the period. Larson Financial Group LLC raised its holdings in Targa Resources by 4.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 60 shares during the period. Finally, Equitable Holdings Inc. lifted its position in shares of Targa Resources by 3.6% during the third quarter. Equitable Holdings Inc. now owns 1,714 shares of the pipeline company’s stock worth $287,000 after acquiring an additional 60 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Targa Resources News Summary

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, giving the stock meaningful upside relative to recent levels. UBS raises PT to $280
• Positive Sentiment: Truist/Truist Securities initiated/upped coverage on Targa with a buy/strong‑buy stance and a roughly $279 price target, adding another institutional endorsement supporting the stock. Truist initiates coverage
• Neutral Sentiment: US Capital Advisors published a broad set of estimate updates: they raised several near‑term and long‑term forecasts (examples: Q1/Q2 2026, FY2026 and FY2028 estimates were nudged higher), signaling upside to multi‑year earnings expectations. US Capital Advisors estimate changes
• Negative Sentiment: That same US Capital Advisors report included downgrades to certain quarters (notably Q3/Q4 2026) and a lower FY2027 outlook vs. their prior view — a near‑term earnings tempering that could weigh on sentiment. US Capital Advisors cuts to some quarters/FY2027

About Targa Resources

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.