Targa Resources Corp. — Third Quarter 2026 Earnings Summary

Targa Resources Corp. reported third quarter 2026 net income of $658 million and adjusted EBITDA of $1.5 billion, representing year-over-year increases of 38% and 18% respectively. The company announced a 20% increase to its 2027 common dividend, raising the annual rate to $6.00 per share, and updated its full-year 2026 adjusted EBITDA outlook to at least $6.0 billion. Record volumes in the Permian Basin drove growth in the Gathering and Processing segment, while the Logistics and Transportation segment saw increased NGL transportation and fractionation activity. Additionally, Targa confirmed the start-up of several new facilities and announced plans for additional processing plants and fractionation trains to support future production growth.