Targa Resources Co.

Targa Resources reported a record Q2 with adjusted EBITDA of $1.60 billion, up 38% year-over-year, driven by higher Permian volumes and record NGL pipeline, fractionation and LPG export throughput aided by new Train 11 and the East Driver plant. Management raised its full-year guidance toward the top of the range, declared a $1.25 quarterly dividend and repurchased $80 million of stock. The company plans about $4.5 billion in growth spending for the year, has $19.578 billion of consolidated debt and roughly $3.2 billion of liquidity, leaving execution and lumpy marketing margins as key risks despite rising hedge fund ownership and a forward P/E of about 23.26. » More on finance.yahoo.com

Stifel sees the US midstream sector well positioned through disciplined capital allocation and growing electricity demand. Targa Resources shows leading earnings growth in the Permian Basin, an integrated NGL platform and long‑term contracts with international energy companies. The company maintains a leverage ratio of 3.0–4.0x, reported adjusted EBITDA of $1.603 billion for Q2/2026 and signed 20‑year midstream contracts with ExxonMobil, which should lead to accelerated capital returns. » More on de.investing.com

Targa Resources, thanks to a new 20‑year contract with ExxonMobil, strengthens its predictable, fee‑based revenues and commits significant volumes in the Permian Basin. The integrated midstream network is to be utilized over the long term. Growth investments for 2026 are raised to USD 5.0 billion for the construction of three processing plants and a new pipeline. » More on finanzen.net

Targa Resources agreed fee-based, integrated midstream contracts with ExxonMobil subsidiaries through 2046 for gathering, processing and downstream services in the Permian Basin. The company plans three new gas processing plants in the Permian Delaware and an approximately 70-mile pipeline called Bull Run II, along with 20-year NGL delivery obligations to Targa’s systems. Targa raised its 2026 net growth investment estimate from about $4.5 billion to roughly $5.0 billion; the stock rose 2.7% in after-hours trading. Analyst targets from RBC and Raymond James remain bullish. » More on de.investing.com

Targa Resources reported adjusted EPS of $2.81 for Q2 2026 (expectation $2.74); revenue came in below estimates at $4.44 billion. Adjusted EBITDA rose to a quarterly record of $1.603 billion (up 38% year-on-year), and the full-year forecast was nudged to the top end of the $5.7–$5.9 billion range. The company increased the quarterly dividend by 25% to $1.25 and recorded record volumes in the Permian Basin; the stock rose 3.79% in premarket trading. » More on de.investing.com