TRGP · 10-Q · 2026Q3 · Full report

Net Income and Profitability

Targa Resources Corp. · 2026-11-05 · Importance 64 · Surprise 56 · Matches filing data

Third-quarter 2026 net income increased 39.0% year over year to $676.1 million from $486.6 million, and net income attributable to Targa Resources Corp. rose to $658.2 million from $478.4 million. Nine-month net income grew 38.3% to $1,941.2 million, with diluted earnings per share rising to $8.79 from $5.98. Third-quarter income tax expense was $174.7 million compared with $134.3 million in 2025.

Key facts

• For the nine months ended September 30, 2026, Targa reported net income attributable to Targa Resources Corp. of $1,902.4 million, versus $1,378.0 million in 2025. source
• For the three months ended September 30, 2026, Targa reported net income attributable to Targa Resources Corp. of $658.2 million, versus $478.4 million in 2025. source
• For the three months ended September 30, 2026, Targa's total revenues were $5,598.6 million, income from operations was $1,096.0 million, net income attributable to Targa Resources Corp. was $658.2 million, and diluted net income per common share was $3.04. source
• For the nine months ended September 30, 2026, Targa's net income attributable to Targa Resources Corp. was $1,902.4 million and diluted net income per common share was $8.79. source

Impact estimates