Targa Resources Corp. Reports Third Quarter 2026 Financial Results and Announces Expectation for a 20% Increase to its 2

Targa Resources Corp. reported quarterly results highlighted by targa Resources Corp. Reports Third Quarter 2026 Financial Results and Announces Expectation for a 20% Increase to its 2027 Common Dividend, according to its earnings release filed with an 8-K Thursday.

Adjusted EBITDA for the third quarter of $1.5 billion, an increase of 18% year-over-year. Now expect full year 2026 adjusted EBITDA to be at least $6.0 billion. Expect to recommend to Targa’s Board of Directors an annual common dividend per share of $6.00 in 2027, a 20% increase to 2026. 2026 Outlook and Capital Allocation Update.

Results detail

Further figures in the release included (1) Adjusted EBITDA and adjusted operating margin (segment) are non-GAAP financial measures and are discussed under “Non-GAAP Financial Measures.”.

The filing is an Item 2.02 results announcement furnished with Exhibit 99.1. Comparisons use the year-earlier period as presented by Targa Resources Corp. unless the release specifies another baseline. Where both GAAP and non-GAAP metrics appear, both are summarized when the extract includes them.

Segment mix, cash flow and any outlook language in the release are the usual secondary reads after the headline revenue and earnings figures. One-time items—restructuring, impairments, gains on sales or legal settlements—can move GAAP profit without changing the run-rate story, so reconciliations remain essential.

Why it matters

For retail investors, the Targa Resources Corp. print is a check on whether growth, margins and cash generation are moving together. The figures above come from the company’s Exhibit 99.1 earnings materials; how they stack up against the prior-year run rate and any guide published with the release will shape the near-term debate.

By the numbers

• Targa Resources Corp. Reports Third Quarter 2026 Financial Results and Announces Expectation for a 20% Increase to its 2027 Common Dividend
• Adjusted EBITDA for the third quarter of $1.5 billion, an increase of 18% year-over-year
• Now expect full year 2026 adjusted EBITDA to be at least $6.0 billion
• Expect to recommend to Targa’s Board of Directors an annual common dividend per share of $6.00 in 2027, a 20% increase to 2026
• 2026 Outlook and Capital Allocation Update
• (1) Adjusted EBITDA and adjusted operating margin (segment) are non-GAAP financial measures and are discussed under “Non-GAAP Financial Measures.”

Sources

1. Targa Resources Corp. Form 8-K with quarterly financial results, filed 2026-11-05 (accession 0001193125-26-448401)

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