Nov 5, 6:15 AM ET
Targa Resources Corp. reported third-quarter 2026 net income attributable to the company of $658 million and adjusted EBITDA of $1.5 billion, representing an 18% increase year-over-year. The company raised its full-year 2026 adjusted EBITDA outlook to at least $6.0 billion and announced plans to recommend a 20% increase to its annualized common dividend for 2027.
- Third-quarter 2026 net income attributable to Targa Resources Corp. was $658 million compared to $478 million in the third quarter of 2025.
- Adjusted EBITDA for the third quarter reached $1.5 billion, up 18% year-over-year.
- Full-year 2026 adjusted EBITDA is now expected to be at least $6.0 billion, with net growth capital expenditures estimated at approximately $5.0 billion.
- Management intends to recommend an annualized common dividend of $6.00 per share for 2027, representing a 20% increase over 2026.
Read the filing on SEC.gov ↗
Aug 25, 7:00 AM ET
Targa Resources said its board appointed Benjamin J. Branstetter, currently President of Logistics and Transportation, as Chief Financial Officer effective September 1, 2026, succeeding William A. Byers, who is retiring from the role. The company also named Brent B. Secrest as President of Logistics and Transportation effective the same day, and Byers' separation terms forfeit some of his unvested 2025 and 2026 equity awards.
- Branstetter becomes CFO effective September 1, 2026, with a base salary increase to $600,000 and an annual long-term incentive award of 400% of base salary, first applying to the 2027 award.
- Byers retires as CFO effective September 1, 2026, and stays as a non-executive employee through December 31, 2026.
- Byers' separation agreement forfeits his 2025 PSU awards and all 2026 RSU and PSU awards, while his 2024 and 2025 RSU and 2024 PSU awards remain outstanding.
- Brent B. Secrest, formerly Executive Vice President and Chief Commercial Officer at Enterprise Products Holdings LLC until May 2025, takes the President – Logistics and Transportation role effective September 1, 2026.
Read the filing on SEC.gov ↗
Aug 6, 6:15 AM ET
Targa Resources reported record second quarter 2026 adjusted EBITDA of $1.6 billion, up 38% from a year earlier, and net income attributable to the company of $765 million. The company now expects full-year 2026 adjusted EBITDA towards the top end of its $5.7 billion to $5.9 billion range, and it declared a $1.25 per share quarterly dividend, 25% above the prior year's.
- Q2 2026 net income attributable to Targa was $765 million, compared with $629 million in Q2 2025.
- Q2 adjusted EBITDA was $1.6 billion, up 38% year over year and 14% from Q1 2026.
- Full-year 2026 adjusted EBITDA is now expected towards the top end of the $5.7 billion to $5.9 billion range; net growth capital expenditures remain about $4.5 billion.
- Quarterly dividend of $1.25 per share is payable August 14, 2026, to holders of record on July 31, 2026.
Read the filing on SEC.gov ↗
Jul 17, 6:00 AM ET
Targa Resources Corp. appointed Thomas Mathiasmeier, a former ConocoPhillips executive, as a Class II director on July 16, 2026, with a term expiring at the 2027 annual meeting, and also named him to the Audit Committee. The filing describes him as a non-employee director who will receive standard director compensation and a pro-rated restricted stock award of 477 shares, and says the company entered into an indemnification agreement with him.
- Appointed to the Board on July 16, 2026; Class II director with term expiring at the 2027 annual meeting
- Also appointed to the Board's Audit Committee
- Expected pro-rated restricted stock award of 477 shares under the 2010 Stock Incentive Plan
- Previously served as President, Global Gas, Power & Emerging Markets at ConocoPhillips before retiring in June 2026
Read the filing on SEC.gov ↗
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