Filings monitor · TRGP

What Targa Resources Corp.'s SEC filings said

10-Q for 2026Q3, filed 5 Nov 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Capital Expenditure Program76 · importance in its document · 10-Q · 2026Q3
   Capital expenditures for the nine months ended September 30, 2026 were $3,355.0 million, up 41.4% from $2,372.4 million in the prior-year period. Gathering and Processing accounted for $2,079.6 million, compared with $1,447.2 million,…
2. Guidance and Outlook65 · importance in its document · 8-K exhibit · 5 Nov 2026
   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…
3. Operating Income and Margins64 · importance in its document · 10-Q · 2026Q3
   Third-quarter 2026 income from operations increased 31.0% year over year to $1,096.0 million from $836.9 million. The operating margin was 19.6% of revenue, compared with 20.2% in the third quarter of 2025. Nine-month operating income…
4. Senior Notes Issuance64 · importance in its document · 10-Q · 2026Q3
   In March 2026, Targa issued $750.0 million of 4.350% senior notes due 2031 and $750.0 million of 6.050% senior notes due 2056, generating approximately $1,483.2 million in net proceeds. The company used the proceeds for general corporate…
5. Stakeholder Midstream Acquisition59 · importance in its document · 10-Q · 2026Q3
   In January 2026, Targa acquired all membership interests in Stakeholder Midstream, LLC for a purchase price of $1.25 billion, subject to customary closing adjustments; the preliminary purchase price allocation was $1,291.2 million. The…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 5 Nov 2026

Full report · Filing on EDGAR

• Capital Expenditure ProgramImportance 76
  Capital expenditures for the nine months ended September 30, 2026 were $3,355.0 million, up 41.4% from $2,372.4 million in the prior-year period. Gathering and Processing accounted for $2,079.6 million, compared with…
• Operating Income and MarginsImportance 64 · +2 more on this subject
  Third-quarter 2026 income from operations increased 31.0% year over year to $1,096.0 million from $836.9 million. The operating margin was 19.6% of revenue, compared with 20.2% in the third quarter of 2025. Nine-month…
• Senior Notes IssuanceImportance 64 · +1 more on this subject
  In March 2026, Targa issued $750.0 million of 4.350% senior notes due 2031 and $750.0 million of 6.050% senior notes due 2056, generating approximately $1,483.2 million in net proceeds. The company used the proceeds…
• Stakeholder Midstream AcquisitionImportance 59
  In January 2026, Targa acquired all membership interests in Stakeholder Midstream, LLC for a purchase price of $1.25 billion, subject to customary closing adjustments; the preliminary purchase price allocation was…
• Commodity Derivative VolatilityImportance 57
  At September 30, 2026, Targa’s commodity derivatives had a net fair-value liability of $272.5 million, compared with $66.9 million at December 31, 2025. A 10% increase in forward natural gas, NGL, and crude oil prices…
• Midstream Contract BacklogImportance 56 · +2 more on this subject
  At September 30, 2026, Targa disclosed $2,527.5 million of estimated minimum revenue from unsatisfied performance obligations, consisting primarily of fixed consideration under contracts with minimum-volume…
• Capital Return ProgramImportance 54
  Targa’s two share repurchase programs each authorize up to $1.0 billion, with $1,186.5 million remaining at September 30, 2026. The company repurchased 716,671 shares for $187.1 million in the first nine months of…
• Strategic Infrastructure ExpansionImportance 52 · +4 more on this subject
  Targa is expanding processing, fractionation, NGL pipeline, LPG export, and natural gas pipeline capacity across the Permian and its downstream network. Permian plant additions include 275 MMcf/d Falcon II, East…
• Capital Expenditures and Free Cash FlowImportance 49
  For the nine months ended September 30, 2026, adjusted free cash flow was $466.8 million, down $24.6 million, or 5%, from $491.4 million in the prior-year period. Growth capital expenditures, net of reimbursements and…
• Manufacturing Capacity ExpansionImportance 48
  Targa brought the 275 MMcf/d Falcon II plant in Permian Delaware and East Pembrook plant in Permian Midland online in the first quarter of 2026, followed by the 275 MMcf/d East Driver plant in Permian Midland in the…
• ExxonMobil Commercial AgreementsImportance 40
  In August 2026, Targa entered into long-term, fee-based agreements with ExxonMobil subsidiaries for integrated natural gas gathering and processing and downstream services in the Permian Basin. The agreements extend…
• Income Tax Rate ChangesImportance 39
  Nine-month income tax expense increased $135.2 million, or 35%, to $525.8 million in 2026 from $390.6 million in 2025, primarily because pre-tax book income increased. Third-quarter income tax expense rose $40.4…

8-K filings last 12 months

• Results, no stated guidance change5 Nov 2026 · 8-K Item 2.02 · Routine · rule score 10
  Read from the attached exhibit: Capital Expenditure Program · Guidance and Outlook · Revenue Performance and Mix
• Management change (filing not read)25 Aug 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)6 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
  Read from the attached exhibit: Capital Expenditure Program · Guidance and Outlook · Capital Return Program
• Management change (filing not read)17 Jul 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)7 May 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt2 Mar 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)19 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Earlier reports

• 10-Q · 2026Q2filed 6 Aug 2026
  Capital Expenditures · Revolving Credit Facility · Operating Income and Margins

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.