Targa Resources reports Q3 2026 net income up 38%, boosts 2027 dividend by 20%.

Targa Resources Corp. reported a net income of $658 million for Q3 2026, a 38% increase from $478 million in Q3 2025, driven by record volumes and higher commodity prices. Adjusted EBITDA rose 18% to $1.5 billion, with strong performance in its Permian Basin operations and new agreements with ExxonMobil. The company expects full-year 2026 adjusted EBITDA of at least $6 billion and plans a 20% increase in its 2027 common dividend to $6.00 per share. Growth projects and new processing plants are advancing ahead of schedule, supporting future expansion.

Following Targa Resources Corp.'s announcement of strong Q3 2026 results and a planned 20% dividend increase for 2027, its stock price on Pluang is USD 286.37 as of Nov 05, 2026 18:13 WIB, showing a modest gain of 0.48% for the day. The company holds a market capitalization of $64.02 billion and a dividend yield of 1.67%, reflecting steady investor interest in the energy sector.