TRGP · 8-K · 20261105PR448401
Guidance and Outlook
Targa Resources Corp. · 2026-11-05 · Importance 65 · Surprise 24 · In source text
Targa estimates full-year 2026 adjusted EBITDA of at least $6.0 billion. It continues to estimate net growth capital expenditures of approximately $5.0 billion and net maintenance capital expenditures of approximately $250 million for 2026. Management intends to recommend a $1.50 quarterly common dividend for the first quarter of 2027, or $6.00 annualized, a 20% increase over the 2026 annualized dividend; if approved, it would be payable in May 2027. The company expects to be positioned to provide meaningful annual dividend increases beyond 2027.
Key facts
- Targa expects full-year 2026 adjusted EBITDA to be at least $6.0 billion. source
- Targa estimated full-year 2026 net income attributable to Targa Resources Corp. at $2,490 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | unclear | committed | — | Targa expects full-year 2026 adjusted EBITDA to be at least $6.0 billion. |
| net_income | unclear | committed | — | Targa estimated full-year 2026 net income attributable to Targa Resources Corp. at $2,490 million. |