TRGP · 8-K · 20260806PR336525
Guidance and Outlook
Targa Resources Corp. · 2026-08-06 · Importance 75 · Surprise 60 · Contradicted
Targa now estimates full-year 2026 adjusted EBITDA toward the top end of its $5.7 billion to $5.9 billion range, reflecting strong marketing and optimization margins in the first and second quarters and continued volume growth across its integrated assets. The company continues to estimate approximately $4.5 billion of 2026 net growth capital expenditures and approximately $250 million of net maintenance capital expenditures. Growth projects include the East Driver processing plant in Permian Midland, Train 11 in Mont Belvieu, the Delaware Express NGL Pipeline expansion, and additional fractionation, pipeline, and LPG export projects that remain on track.
Key facts
- Targa estimates full year 2026 adjusted EBITDA to be towards the top end of the $5.7 billion to $5.9 billion range. source
- The estimated adjusted EBITDA for 2026 is $5,800.0 million. source
- For 2026 estimated net income attributable to Targa Resources Corp. is $2,285.0 million in the company’s estimated adjusted EBITDA reconciliation. source
- The company will host a conference call at 11:00 a.m. Eastern time (10:00 a.m. Central time) on August 6, 2026 to discuss second quarter results. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | +43.7% | For 2026 estimated net income attributable to Targa Resources Corp. is $2,285.0 million in the company’s estimated adjusted EBITDA… |
| operating_income | positive | committed | — | The estimated adjusted EBITDA for 2026 is $5,800.0 million. |