TRGP · 8-K · 20260806PR336525
Capital Return Program
Targa Resources Corp. · 2026-08-06 · Importance 67 · Surprise 66 · In source text
Targa declared a second-quarter 2026 quarterly dividend of $1.25 per common share, or $5.00 annualized, on July 16, 2026. The dividend represented a 25% increase from the dividend declared for the second quarter of 2025, with approximately $268 million scheduled for payment on August 14, 2026. During the second quarter, Targa repurchased 308,102 common shares at a weighted-average price of $259.93 for a total net cost of $80 million. The company had $1,239 million remaining under its share repurchase programs as of June 30, 2026.
Key facts
- Total cash dividends of approximately $268 million will be paid on August 14, 2026 to holders of record as of July 31, 2026. source
- The declared dividend represents a 25 percent increase over the common dividend declared with respect to the second quarter of 2025. source
- The Company declared a quarterly cash dividend of $1.25 per common share on July 16, 2026, or $5.00 per common share on an annualized basis. source
- As of June 30, 2026, there was $1,239 million remaining under the Company’s share repurchase programs. source
- During Q2 2026, Targa repurchased 308,102 shares at a weighted average per share price of $259.93 for a total net cost of $80 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Total cash dividends of approximately $268 million will be paid on August 14, 2026 to holders of record as of July 31, 2026. |
| cash | negative | committed | — | As of June 30, 2026, there was $1,239 million remaining under the Company’s share repurchase programs. |