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Targa Resources posts record Q1 2026 earnings and raises full-year outlook to $5.7-$5.9B EBITDA

Company Fundamentals
07 May 2026
GlobeNewsWire
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Bullish
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Targa Resources Corp. reported a record first quarter 2026 net income of $480 million, up from $271 million in Q1 2025, driven by higher volumes and new plant completions in the Permian Basin. Adjusted EBITDA rose 19% year-over-year to $1.4 billion, with strong growth in natural gas processing and fractionation volumes. The company increased its full-year 2026 adjusted EBITDA guidance to $5.7-$5.9 billion, supported by ongoing infrastructure expansions including new processing plants and pipeline projects. Targa also raised its quarterly dividend by 25% and continues share repurchases, signaling confidence in its growth and cash flow generation.

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