Targa Resources Corp. (TRGP) Financials
Key financial figures for Targa Resources Corp. (Q3 2026).
Targa Q3 2026 adjusted EBITDA of $1,504.3 million rose 18% year over year, and full-year 2026 adjusted EBITDA is now expected to be at least $6.0 billion. Net income attributable to Targa Resources Corp. was $658.2 million versus $478.4 million a year earlier (+38%); adjusted EBITDA was $1,504.3 million versus $1,274.8 million (+18%) and fell 6% from the second quarter of 2026. Record Permian inlet, NGL pipeline transportation and fractionation volumes: Total Permian plant natural gas inlet 7,536.6 MMcf/d (+14% year over year), NGL pipeline transportation 1,171.7 MBbl/d (+15%) and fractionation 1,261.5 MBbl/d (+11%). On the outlook: Full-year 2026 adjusted EBITDA now expected to be at least $6.0 billion (the Q2 release pointed to the top end of a $5.7-5.9 billion range); 2026 net growth capital expenditures estimated at approximately $5.0 billion (the Q2 release cited approximately $4.5 billion; the Q3 release words the $5.0 billion as a continued estimate) and net maintenance capital expenditures at approximately $250 million; management intends to recommend a 2027 common dividend of $6.00 per share annualized ($1.50 per quarter), a 20% increase over 2026. Figures are for Q3 2026, as Targa Resources Corp. reported them.
- Revenue
- $5.6B
- Net Income
- $658M
- EPS
- $3.05
- Total Assets
- $29.6B
- Operating Cash Flow
- $1.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $5.6B | $658M | $3.04 | 19.58% | $120M |
| Q2 FY2026 | $4.4B | $765M | $3.54 | 27.8% | $431M |
| Q1 FY2026 | $4.1B | $480M | $2.21 | 20.68% | -$160M |
| Q4 FY2025 | $4.1B | $545M | $2.53 | 22.62% | $542M |
| Q3 FY2025 | $4.2B | $476M | $2.20 | 21.06% | -$73M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $17.1B | $1.8B | $8.49 | 20.11% | $584M |
| FY2024 | $16.6B | $1.3B | $5.74 | 17.71% | $684M |
| FY2023 | $15.6B | $828M | $3.66 | 14% | $826M |
Frequently asked questions
What was Targa Resources Corp.'s revenue last quarter?
Targa Resources Corp. reported revenue of $5.60 billion for Q3 FY2026, up 33.2% from the same period a year earlier.
Is Targa Resources Corp. profitable?
Yes. Targa Resources Corp. reported net income of $658.2 million for Q3 FY2026, a net margin of 11.76% on revenue.
How has Targa Resources Corp.'s margin trended?
Operating margin was 19.58% in Q3 FY2026, compared with 21.06% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Targa Resources Corp. generate?
Targa Resources Corp. generated free cash flow of $120.3 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Targa Resources Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.