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Targa Resources posts record Q2 2026 adjusted EBITDA of $1.6B, boosts dividend by 25%.

Company Fundamentals
06 Aug 2026
GlobeNewsWire
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Bullish
Targa Resources posts record Q2 2026 adjusted EBITDA of $1.6B, boosts dividend by 25%.

Targa Resources Corp. reported a record adjusted EBITDA of $1.603 billion for Q2 2026, up 38% year-over-year, driven by strong volumes and operational expansions in the Permian Basin. Net income rose to $765 million, a 22% increase from Q2 2025. The company commenced operations on new fractionation and processing facilities ahead of schedule and raised its full-year adjusted EBITDA outlook to the top end of $5.7-$5.9 billion. Additionally, Targa increased its quarterly dividend by 25% to $1.25 per share and repurchased $80 million in shares, signaling confidence in its growth and cash flow generation.

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