TRGP · News · 20260807N

Revenue Performance and Mix

Targa Resources Corp. · 2026-08-07 · Importance 47 · Surprise 48

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 published an earnings call presentation noting EPS of $3.25 beat estimates by $0.40 and revenue of $4.44 billion missed by $457.66 million. source