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