TRGP · 10-Q · 2026Q2 · Full report
Capital Return Program
Targa Resources Corp. · 2026-08-06 · Importance 40 · Surprise 42 · In source text
Targa repurchased 535,903 common shares during the six months ended June 30, 2026 for a total net cost of $135.1 million at a weighted-average price of $252.07 per share. The company had $1,238.5 million remaining under its combined $2.0 billion 2024 and 2025 Share Repurchase Programs as of June 30, 2026. In April 2026, Targa increased its quarterly common dividend to $1.25 per share, equivalent to $5.00 per share annualized. Second-quarter repurchases totaled 308,102 shares and $80.1 million at a weighted-average price of $259.93 per share.
Key facts
- Board approved $1.0 billion common share repurchase program in July 2024 and another $1.0 billion repurchase program in August 2025 (together the Share Repurchase Programs). source
- As of June 30, 2026, there was $1,238.5 million remaining under the Share Repurchase Programs. source
- As of June 30, 2026, $1,238.5 million remaining under the Share Repurchase Programs source
- Dividends for quarter ended June 30, 2026: total common dividends declared $270.1 million; amount paid or to be paid $268.0 million; dividends declared per share $1.25 source
- Declared increase to quarterly common dividend to $1.25 per common share ($5.00 annualized) effective for the first quarter of 2026 (declared in April 2026). source
- In April 2026 declared increase to common dividend to $1.25 per common share (annualized $5.00) effective for first quarter of 2026 source
- Common stock dividends paid to common shareholders during six months ended June 30, 2026: total dividends paid $485.7 million (Dividends - $2.25 per share for full period including prior declaration) source
- During three months ended June 30, 2026 repurchased 308,102 shares at weighted average price $259.93 per share for total net cost $80.1 million; six months repurchased 535,903 shares at $252.07 for $135.1 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -1.7% | Common stock dividends paid to common shareholders during six months ended June 30, 2026: total dividends paid $485.7 million (Dividends -… |
| cash | negative | realized | -0.9% | Dividends for quarter ended June 30, 2026: total common dividends declared $270.1 million; amount paid or to be paid $268.0 million;… |
| liability | negative | realized | -0.0% | Dividends for quarter ended June 30, 2026: total common dividends declared $270.1 million; amount paid or to be paid $268.0 million;… |
| cash | negative | committed | — | In April 2026 declared increase to common dividend to $1.25 per common share (annualized $5.00) effective for first quarter of 2026 |