Targa Resources sees 2026 adjusted EBITDA at top of range after record Q2
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.