Targa Resources (NYSE:TRGP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
Wells Fargo & Company has raised its price target for Targa Resources (NYSE:TRGP) to $248 from $207, maintaining an "overweight" rating and suggesting a 7.7% upside. This follows Targa's strong Q4 EPS beat, record 2025 results, a dividend increase, and a bullish 2026 outlook. While the stock currently holds a "Moderate Buy" consensus rating among analysts, some institutional investors have recently adjusted their stakes in the company.
Targa Resources (NYSE:TRGP) Releases Earnings Results, Beats Expectations By $0.16 EPS
Targa Resources (NYSE:TRGP) announced strong fourth-quarter earnings, beating analyst expectations by $0.16 EPS with $2.51 per share. The company reported a record 2025 with $4.96 billion in Adjusted EBITDA and provided an optimistic 2026 guidance of $5.4–$5.6 billion, driven by Permian volume growth and new processing capacity. Despite rising capital intensity, Targa maintains a supportive balance sheet with strong liquidity and intends to continue shareholder returns through buybacks and dividends.
Targa Resources Corp. (NYSE:TRGP) Q4 2025 Earnings Call Transcript
Targa Resources Corp. reported an exceptional year in 2025 with record volumes and financial performance, achieving $4.96 billion in adjusted EBITDA. The company anticipates continued growth in 2026, driven by Permian expansions and new infrastructure projects, including two new processing plants and a 13th fractionator. Targa projects significant free cash flow generation post-2027 following the completion of major downstream projects like Speedway, aiming for over $6 billion in run-rate adjusted EBITDA.
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
Targa Resources Corp. announced record financial results for the fourth quarter and full year 2025, with adjusted EBITDA reaching $4.96 billion for the year, a 20% increase over 2024. The company projects further growth in 2026, estimating adjusted EBITDA between $5.4 billion and $5.6 billion, and intends to increase its annual common dividend per share to $5.00 for 2026, marking a 25% increase. Targa also outlined significant capital projects in the Permian Basin and Mont Belvieu, Texas, including new processing plants and fractionators, to support anticipated volume growth.
Targa Resources Corp. Announces Form 10-K Available
Targa Resources Corp. (NYSE: TRGP) has publicly announced the filing of its Form 10-K with the SEC for the fiscal year ended December 31, 2025. This report is accessible on the SEC's website and the company's investor relations section. Targa Resources Corp. is highlighted as a leading provider of midstream services and a significant independent infrastructure company in North America, with its operations supporting the delivery of energy across the United States and internationally.
Targa Resources Corp. Announces Form 10-K Available
Targa Resources Corp. (NYSE: TRGP) has filed its Form 10-K with the SEC for the year ended December 31, 2025. The report is accessible via the SEC's website and the Investors section of Targa's website. Hard copies can also be requested free of charge from the company's investor relations department.
Targa Resources Corp. Announces Form 10-K Available
Targa Resources Corp. announced that it has filed its Form 10-K with the SEC for the year ended December 31, 2025. The report can be accessed on the SEC's website and the company's investor relations section. Targa also provides contact information for investors to request hard copies of the report free of charge.
Targa Resources Corp. SEC 10-K Report
Targa Resources Corp. has released its 2025 10-K report, detailing significant financial and operational growth, including total revenues of over $17 billion and a 24% increase in operating income. The company expanded its processing capacity and NGL pipeline infrastructure and is focused on continued growth through strategic expansions, acquisitions, and capital management. Targa also outlined various market, operational, regulatory, and cybersecurity risks, along with challenges from inflation and monetary policy.
Targa Resources Corp (TRGP) stated in its latest conference call that natural gas prices at the Waha Hub in West Texas are expected to remain volatile for most of this year.
Targa Resources Corp (TRGP) forecasts continued volatility for natural gas prices at the Waha Hub in West Texas throughout most of the current year. This is attributed to pipeline transportation capacity limitations and production fluctuations in the Permian Basin. The company expects the regional natural gas pricing environment to remain highly volatile.
At a recent conference call, Targa Resources Corp revealed that its overall business operations in January were significantly impacted by the winter storm "Finn."
Targa Resources Corp announced that its January operations were severely affected by winter storm "Finn," causing reduced efficiency, disrupted logistics, and impacts on natural gas processing and pipeline transportation. The company is implementing emergency plans but anticipates short-term production recovery challenges and is assessing the storm's potential effect on its first-quarter financial performance. Further details will be provided in the quarterly financial report.
Targa Resources earnings missed by $0.03, revenue fell short of estimates
Targa Resources (NYSE: TRGP) reported fourth-quarter earnings per share of $2.29, missing analyst estimates by $0.03. The company's revenue for the quarter was $4.06 billion, falling slightly short of the consensus estimate of $4.07 billion. Despite the miss, Targa Resources' stock has seen significant price increases over the last three and twelve months, and its financial health is rated as "good performance" by InvestingPro.
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
Targa Resources Corp. reported record financial results for the fourth quarter and full year 2025, with net income attributable to Targa Resources Corp. reaching $1,923 million for the full year and adjusted EBITDA at $4.96 billion. The company anticipates continued growth in 2026, projecting adjusted EBITDA between $5.4 billion and $5.6 billion, an 11% increase over 2025, and plans to increase its annual common dividend per share to $5.00. Targa is also expanding its infrastructure with new Permian processing plants and a new fractionator in Mont Belvieu, TX.
Targa Resources beats quarterly core profit estimates on boost in gas volumes
Targa Resources beat fourth-quarter core profit estimates, driven by increased natural gas and natural gas liquids transport volumes and higher demand. The pipeline operator projected capital expenditure of about $4.5 billion in 2026 and announced plans for a new natural gas processing plant as it benefits from strong Permian Basin production and rising natural gas demand. Despite positive results, analysts anticipate a muted share price reaction due to recent outperformance and high expectations.
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
Targa Resources Corp. reported record financial results for the fourth quarter and full year 2025, with net income attributable to Targa Resources Corp. increasing significantly year-over-year. The company also achieved record adjusted EBITDA and record volumes in its Permian, NGL transportation, fractionation, and LPG export operations. Targa provided a strong outlook for 2026, projecting further increases in adjusted EBITDA, significant net growth capital expenditures, and a substantial increase in its annual common dividend.
Targa Resources Reports Strong 2025 Financial Results with Record EBITDA
Targa Resources reported a net income of $545 million for Q4 2025, a 55% increase year-over-year, and achieved a record full-year adjusted EBITDA of $4.957 billion for 2025, up 20% from 2024. The company repurchased 3.765 million shares for $642 million in 2025 and projects an adjusted EBITDA of $5.4 billion to $5.6 billion for 2026, alongside a 25% increase in its annual dividend to $5.00 per share.
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026
Targa Resources Corp. reported record financial results for the fourth quarter and full year 2025, with net income attributable to Targa Resources Corp. reaching $1,923 million for the full year. The company also achieved a record adjusted EBITDA of $4.96 billion in 2025 and provided a positive outlook for 2026, estimating adjusted EBITDA between $5.4 billion and $5.6 billion, an 11% increase over 2025. Targa announced significant growth projects, including new processing plants and fractionators, and intends to recommend an increased annual common dividend of $5.00 per share for 2026.
U.S. energy infrastructure operator Targa Resources Corp announced that its Falcon II natural gas processing plant in the Delaware area of the Permian Basin will begin operations ahead of schedule.
Targa Resources Corp announced that its Falcon II natural gas processing plant in the Permian Basin will start operations ahead of its original schedule, now expected in the first quarter of 2026. This acceleration highlights the company's commitment to boosting production capacity in the core Permian Basin and will significantly enhance Targa's natural gas processing capabilities. The early commissioning is seen as a sign of the company's optimistic outlook on natural gas production growth and improved efficiency in large-scale energy projects.
Targa Resources Corp. (TRGP): The Midstream Powerhouse Powering the AI Infrastructure Boom
Targa Resources Corp. (TRGP) is positioned as a critical enabler of the AI infrastructure boom due to its strategic dominance in the Permian Basin and sophisticated natural gas liquids (NGL) value chain. The company has transitioned into an aggressive growth engine, with its stock reaching record highs and strong financial performance. Targa's ability to provide natural gas feedstock for data centers, coupled with innovative infrastructure and a robust business model, makes it a significant player in both the energy sector and the AI-driven economy.
Targa Resources Stock Near Record Highs: Smart Buy or Late Chase?
Targa Resources Corp (NYSE: TRGP) has reached near all-time highs due to strong earnings, rising dividends, and bullish Wall Street targets. The company, a major independent midstream infrastructure provider, benefits from growing US natural gas and NGL volumes and surging export demand. While the rally has been significant, investors are now questioning if it remains an attractive entry point or if the easy gains have already been made, emphasizing a focus on long-term value compounding rather than quick re-rating.
Targa Resources earnings test: Can Permian volume deliver?
Targa Resources Corp. is set to report fourth-quarter earnings with analysts expecting an EPS of $2.32 on $4.07 billion revenue. The stock has seen a 21% surge and the company plans to increase its common dividend by 25%. Investors will be closely watching Permian volume growth, capital spending, and updates on the Stakeholder Midstream acquisition.
Insights into Targa Resources's Upcoming Earnings
Targa Resources (NYSE: TRGP) is set to release its quarterly earnings report on Thursday, 2026-02-19, with analysts projecting an EPS of $2.39. Investors are keenly awaiting both the earnings results and future guidance, as market reactions are often heavily influenced by the latter. The company's shares have shown a positive trend, up 11.1% over the past 52 weeks, indicating a bullish sentiment among long-term shareholders ahead of the announcement.
Seaport Global Maintains Buy on TRGP (Targa Resources Corp.) Feb 18 2026
Seaport Global has maintained its Buy rating on Targa Resources Corp. (TRGP) and increased its price target from $193 to $231, signaling continued analyst confidence in the company's cash flow and growth prospects. This update reflects the firm's positive outlook on TRGP's midstream volumes and fee-based revenue, suggesting stronger earnings or a higher valuation multiple. Investors are advised to consider this alongside other financial analyses, with Meyka AI rating TRGP with a B+ grade.
Vanguard Group Inc. Raises Stock Holdings in Targa Resources, Inc. $TRGP
Vanguard Group Inc. increased its stake in Targa Resources, Inc. (NYSE:TRGP) by 1.5% in the third quarter, bringing its total ownership to 13.19% valued at approximately $4.76 billion. Analysts generally rate TRGP as a "Moderate Buy" with an average price target of $213.50. Despite paying a quarterly dividend, Targa Resources maintains a high debt-to-equity ratio of 5.91.
Assessing Targa Resources (TRGP) Valuation After Record EBITDA, Raised Outlook And Expansion Plans
Targa Resources (TRGP) reported record adjusted EBITDA in Q3 2025, raised its full-year outlook, and advanced major Permian growth projects, leading to significant share price appreciation. While one valuation narrative suggests the stock is 5% overvalued at $212.40, a Discounted Cash Flow (DCF) model indicates a 20% discount to an estimated future cash flow value of $280.80, suggesting a potential buying opportunity. The company's strategic focus on long-term, fee-based contracts and a strong balance sheet support its intrinsic value, though risks like midstream overbuild or higher project costs exist.
Targa Resources stock hits all-time high at 225.91 USD
Targa Resources Inc. (TRGP) stock has reached an all-time high of $225.91, reflecting significant investor confidence and strong performance in the energy sector. The company's stock has increased by 11.58% over the past year and 21.95% year-to-date, with a market capitalization of $48.06 billion. Recent positive developments include the acquisition of Stakeholder Midstream for $1.25 billion and several analyst price target increases, though InvestingPro suggests the stock may be slightly overvalued.
Vulcan Materials Stock at All-Time Highs Ahead of Q4 Earnings: Can it Continue Rising in 2026?
Vulcan Materials (VMC) faces a pivotal Q4 2025 earnings report as its stock trades near all-time highs. A TIKR valuation model projects a potential $370 price target by December 2027 based on 6% revenue growth and expanding operating margins, but this represents only a 6.7% annualized return, falling short of the standard 10% equity hurdle rate. The article details the assumptions for revenue growth, operating margins, and exit P/E multiple that underpin this "Hold" recommendation, and explores various scenarios from low to high annualized returns.
Illinois Municipal Retirement Fund Has $3.15 Million Stock Position in Targa Resources, Inc. $TRGP
The Illinois Municipal Retirement Fund (IMRF) recently decreased its stake in Targa Resources (TRGP) by 19.3% in Q3, selling 4,515 shares and ending with a $3.15 million position. Despite IMRF's reduction, institutional ownership in Targa Resources remains high at 92.13%, with major investors like Vanguard and Norges Bank holding substantial positions. Targa Resources, a midstream energy company, has a market cap of $48.03 billion and a P/E ratio of 29.75, and recently paid a quarterly dividend of $1.00.
5,384 Shares in Targa Resources, Inc. $TRGP Acquired by Capital Planning Advisors LLC
Capital Planning Advisors LLC has acquired 5,384 shares of Targa Resources (TRGP) valued at approximately $902,000, establishing a new position in the company. Institutional investors now collectively own about 92.13% of TRGP's stock. Insider Gerald R. Shrader recently sold 2,750 shares, reducing his stake by 8.51%, while analysts maintain a "Moderate Buy" consensus rating with a price target of $213.50.
Is It Too Late To Consider Targa Resources (TRGP) After Its Strong Multiyear Run?
Targa Resources (TRGP) has seen significant gains, and this article evaluates whether it remains a sound investment. A Discounted Cash Flow (DCF) analysis suggests it is undervalued by 20.3%, with an intrinsic value of $280.80 per share compared to its current price of $223.89. However, its Price/Earnings ratio of 29.75x is higher than the industry average, which could indicate it is overvalued by this metric.
Insiders At Targa Resources Sold US$35m In Stock, Alluding To Potential Weakness
Insiders at Targa Resources Corp. (NYSE:TRGP) have sold a significant amount of stock, totaling US$35 million over the past year, which could signal potential weakness to investors. The CEO & Director, Matthew Meloy, made the largest individual sale of US$9.5 million. While insider selling can have various explanations, the repeated sales by multiple insiders, including a recent US$498k dump by Executive VP Gerald Shrader, raise questions despite the company's profitability and high insider ownership.
Targa Resources: Industry Shrinkage Portends Potential Recession, No Growth In The Future
Targa Resources is aggressively expanding through projects and acquisitions, including a recent debt-financed acquisition that pushed its total debt above $17 billion. Despite record Q3 EBITDA, the company's valuation appears fully priced, offering little protection against a potential market downturn. Rapid expansion and high leverage could lead to significant downside if growth falters or a cyclical industry downturn occurs, especially given signs of industry contraction.
Versor Investments LP Trims Stock Holdings in Targa Resources, Inc. $TRGP
Versor Investments LP significantly reduced its stake in Targa Resources, Inc. by 70.1% in Q3, selling 4,767 shares and retaining 2,034 worth $341,000. Despite this, Targa Resources maintains a "Moderate Buy" rating from analysts with an average price target of $213.50, and its stock recently traded near a one-year high. The company offers a quarterly dividend of $1.00, yielding approximately 1.8%, and has a market capitalization of around $48 billion.
Targa Resources, Inc. $TRGP Stock Position Decreased by Wealthfront Advisers LLC
Wealthfront Advisers LLC reduced its stake in Targa Resources (TRGP) by 26.3% in the third quarter, selling 5,237 shares and retaining 14,654 shares valued at $2.455 million. Despite this, Targa Resources maintains a consensus "Moderate Buy" rating from analysts with an average price target of $213.50. The company recently paid a quarterly dividend of $1.00 per share, and its stock is trading near $223.73 with a market cap of approximately $48 billion.
Targa Resources Shares Dip After Dividend Declaration
Targa Resources (TRGP) shares dipped slightly after the company declared a quarterly cash dividend of $1.00 per share for Q4 2025 and announced an intended increase to $1.25 for Q1 2026, subject to board approval. The company also confirmed the closure of its $1.25 billion acquisition of Stakeholder Midstream, which is expected to add significant fee-based revenue streams and enhance its Permian Basin operations.
Gas Prices Slip as LNG Growth Story Stays Intact, FCG ETF Faces Short-Term Pressure
The First Trust Natural Gas ETF (FCG) is experiencing short-term pressure due to softening gas futures, disappointing storage data, and forecasts for mild weather, which particularly impacts its exploration-and-production company holdings. Despite these immediate headwinds, the long-term outlook for liquefied natural gas (LNG) remains robust, supported by strong export demand and continued infrastructure investment. Investors are urged to weigh the near-term price volatility against the significant structural growth in the LNG sector.
Targa Resources Corp. stock underperforms Friday when compared to competitors despite daily gains
Targa Resources Corp. (TRGP) shares rose 2.58% on Friday, closing at $223.89, despite an overall favorable market day where the S&P 500 and Dow Jones also saw gains. However, the stock underperformed its competitors on the day. Targa Resources Corp. finished just 0.48% below its 52-week high.
Cibc World Market Inc. Has $27.83 Million Holdings in Targa Resources, Inc. $TRGP
Cibc World Market Inc. reduced its stake in Targa Resources, Inc. by 3.2% in Q3, now holding 166,119 shares valued at $27.83 million. Other institutional investors, such as Norges Bank and Vanguard Group Inc., have significantly increased their positions. Targa Resources recently declared a quarterly dividend of $1.00 per share, and analysts currently rate the stock as a "Moderate Buy" with a consensus target price of $213.50.
Caprock Group LLC Buys Shares of 22,771 Targa Resources, Inc. $TRGP
Caprock Group LLC has acquired a new stake of 22,771 shares in Targa Resources, Inc. (NYSE:TRGP) during the third quarter, valued at approximately $3.82 million. Other institutional investors have also adjusted their holdings in the pipeline company. Analysts currently rate Targa Resources as a "Moderate Buy" with an average target price of $213.50.
Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With Investors
Targa Resources Corp. (NYSE:TRGP) recently experienced a 27% increase in its share price over the last month, contributing to an 11% rise over the past year. This significant jump has resulted in a high P/E ratio of 29.5x compared to the broader U.S. market. Analysts anticipate EPS to climb by 19% annually for the next three years, outpacing the market's 12% forecast, which justifies the elevated P/E ratio and investor confidence in the company's future growth.
Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With Investors
Targa Resources Corp. (NYSE:TRGP) has seen a significant 27% increase in its share price over the last month, contributing to an 11% rise over the past year. Its high P/E ratio of 29.5x, compared to the market average, is attributed to impressive past earnings growth of 34% last year and a projected EPS increase of 19% annually for the next three years, outpacing the broader market's 12% forecast. Investors seem confident in the company's future growth prospects, supporting its elevated valuation.
Analyst Sentiment on Targa Resources (TRGP) Strengthens Following Recent Analyst Updates
Analyst sentiment for Targa Resources (TRGP) has strengthened, with over 90% of analysts maintaining a bullish outlook and a consensus price target indicating a 3.60% upside. Morgan Stanley raised its price target to $266, citing strong energy sector performance, while Scotiabank increased its target to $224 due to tailwinds from LNG exports and growing power demand. Targa Resources, a midstream energy company, continues to benefit from its services supporting natural gas infrastructure.
Analyst Sentiment on Targa Resources (TRGP) Strengthens Following Recent Analyst Updates
Analyst sentiment for Targa Resources (TRGP) has strengthened after recent updates, with over 90% of analysts maintaining a bullish stance and a consensus price target indicating a 3.60% upside. Morgan Stanley and Scotiabank both raised their price targets, citing strong earnings, LNG export tailwinds, and growing power demand. Targa Resources is a midstream energy company supporting U.S. natural gas production and NGL logistics, but the article suggests other AI stocks may offer greater returns.
Is Wall Street Bullish or Bearish on Targa Resources Stock?
Targa Resources Corp. (TRGP) has underperformed the broader market and energy sector over the past year, despite an 18.6% gain year-to-date. The company reported record Q3 2025 adjusted EBITDA and raised its full-year outlook, leading to a "Strong Buy" consensus rating from analysts. Morgan Stanley recently increased its price target to $266, suggesting a significant upside from current levels.
Is Wall Street Bullish or Bearish on Targa Resources Stock?
Targa Resources Corp. (TRGP) has underperformed the broader market and the energy sector ETF over the past 52 weeks but has seen an 18.6% gain year-to-date. The company reported record Q3 2025 adjusted EBITDA and raised its full-year outlook, leading analysts to project a significant EPS surge for fiscal year 2025. With a "Strong Buy" consensus rating and a recent price target increase from Morgan Stanley, the stock offers a potential upside despite lagging market performance.
Targa Resources (NYSE:TRGP) Sets New 1-Year High - Time to Buy?
Targa Resources (NYSE:TRGP) has reached a new 52-week high of $212.39, with analysts largely positive and a consensus target price of $213.50. The company recently declared a quarterly dividend of $1.00, but it faces high leverage and low liquidity ratios, alongside recent insider selling. Institutional investors hold a significant portion of the stock.
Targa Resources stock hits 52-week high at $212.38
Targa Resources (NYSE:TRGP) has reached a new 52-week high of $212.38, reflecting strong performance and investor confidence. The company boasts a market capitalization of $45.39 billion, a P/E ratio of 28.36, and a consistent dividend history. Recent strategic developments, including a $1.25 billion acquisition and updated price targets from several investment firms, further underscore its growth prospects.
Targa Resources, Inc. $TRGP Shares Purchased by Alps Advisors Inc.
Alps Advisors Inc. increased its stake in Targa Resources (NYSE:TRGP) by 5.5% in Q3, bringing its total to 143,904 shares valued at $24.11 million. Several other institutional investors also boosted their positions, contributing to a high institutional ownership of 92.13%. Analysts maintain a "Moderate Buy" rating with a consensus price target of $213.50, and the company recently declared a quarterly dividend of $1.00 per share.
Targa Resources, Inc. (NYSE:TRGP) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Targa Resources, Inc. (NYSE:TRGP) has received a consensus "Moderate Buy" rating from 17 brokerage firms, with an average 12-month price target of $213.50. Despite some recent insider selling by executives D. Scott Pryor and Gerald R. Shrader, institutional investors have increased their holdings. The company recently declared a quarterly dividend of $1.00 per share, yielding 2.0%, after reporting slightly below-expected quarterly earnings and revenue.
A Look At Targa Resources’ Valuation After Recent Share Price Momentum
Targa Resources (TRGP) has shown strong recent performance with its shares, reflecting reported annual revenue of $17.4 billion and net income of $1.6 billion. While the company appears undervalued with an intrinsic discount of approximately 25% and a fair value of $212.05 based on cash flow expectations, investors should also consider the valuation risks associated with its P/E ratio of 27.1x compared to an industry average of 13.5x. The article suggests further research to align personal views with the valuation analysis and explore other investment opportunities.
Suncor Energy reports fourth quarter 2025 results
Suncor Energy announced strong fourth quarter and annual 2025 results, achieving record quarterly upstream production and refining throughput. The company generated $3.2 billion in adjusted funds from operations and returned $1.5 billion to shareholders in Q4 2025, exceeding its 2024 Investor Day targets a year early. Suncor plans to continue returning 100% of excess funds to shareholders in 2026, increasing share repurchases and dividends.
