TRGP · News · 20260806N
Revenue Performance and Mix
Targa Resources Corp. · 2026-08-06 · Importance 47 · Surprise 48 · In source text
Targa Resources reported second-quarter 2026 revenue of $4.44 billion, while net income attributable to the company reached $765 million, up 21.6% year over year. Record Permian Basin natural-gas volumes increased demand for Targa’s transportation and export services. Growth also reflected increased fee-based midstream activity, including natural-gas gathering and processing and logistics and transportation services. Revenue was below analyst expectations despite the stronger profit result.
Key facts
- Targa reported revenue of $4.44 billion and diluted EPS of $3.54 for Q2 2026. source
- Targa reported quarterly EPS of $2.21 and revenue of $4.09 billion in the referenced quarter, both missing expectations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | unclear | realized | — | Targa reported revenue of $4.44 billion and diluted EPS of $3.54 for Q2 2026. |