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Close of Nov 06, 2026 · end-of-day data
TRGP 8-K filings in 2026
Every material Form 8-K Targa Resources filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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
Targa Resources Partners LP and a special purpose subsidiary amended the accounts receivable securitization facility on July 1, 2026. The amendment extends the facility's termination date to July 30, 2027 and adds an uncommitted $200 million line, with about $451 million of receivable purchases outstanding as of July 1, 2026. The filing describes a routine financing update rather than a change in operations.
Seventeenth Amendment to the Receivables Purchase Agreement dated July 1, 2026
Facility termination date extended to July 30, 2027
Uncommitted line of $200 million established
About $451 million of trade receivable purchases outstanding as of July 1, 2026
Targa Resources reported first quarter 2026 net income attributable to the company of $480 million, up from $271 million a year earlier, and adjusted EBITDA of $1.4 billion, up 19%. Total revenues fell 10% to $4.09 billion, mainly on lower commodity prices, and adjusted free cash flow fell 31% to $228 million. The company raised its full-year 2026 adjusted EBITDA estimate to $5.7 billion to $5.9 billion, which matters to shareholders because the filing ties adjusted EBITDA to the company's ability to pay dividends and support its debt.
Net income attributable to Targa Resources Corp. was $480 million for the first quarter of 2026, compared with $271 million a year earlier
Adjusted EBITDA was $1,403 million, up 19% from $1,179 million in the first quarter of 2025
Full-year 2026 adjusted EBITDA estimate raised to $5.7 billion to $5.9 billion
Quarterly dividend of $1.25 per share, a 25% increase over the dividend declared for the first quarter of 2025, payable May 15, 2026
Targa Resources Corp. completed an underwritten public offering on March 2, 2026 of $750.0 million of 4.350% Senior Notes due 2031 and $750.0 million of 6.050% Senior Notes due 2056. The company said net proceeds are for general corporate purposes, including repaying commercial paper borrowings and other debt. The filing discloses new debt obligations but no change in earnings or guidance.
Total offering of $1.5 billion: $750.0 million of 4.350% notes due 2031 and $750.0 million of 6.050% notes due 2056
Notes are unsecured and guaranteed by certain subsidiaries, subject to certain conditions
Proceeds may repay commercial paper and other indebtedness, repurchase or redeem securities, or fund capital expenditures and working capital
U.S. Bancorp Investments, Inc., an underwriter, is an affiliate of the trustee, U.S. Bank Trust Company, National Association
Targa Resources reported record fourth-quarter and full-year 2025 results, with full-year net income attributable to the company rising to $1,923 million from $1,312 million. The company estimates 2026 adjusted EBITDA of $5.4 billion to $5.6 billion and intends to recommend a 25% increase in its common dividend to $5.00 per share annualized.
Full-year 2025 net income attributable to Targa was $1,923 million, up from $1,312 million in 2024; adjusted EBITDA was $4,957 million, up 20%.
Fourth-quarter 2025 net income attributable to Targa was $545 million, up from $351 million; adjusted EBITDA was $1,341 million, up from $1,122 million.
Estimates 2026 adjusted EBITDA of $5.4 billion to $5.6 billion and net growth capital expenditures of approximately $4.5 billion.
Intends to recommend a quarterly common dividend of $1.25 per share ($5.00 annualized) for the first quarter of 2026, payable in May 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Targa Resources filing is on SEC EDGAR ↗. 8-K briefs of other companies →