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StocksMedium•7 May 2026•

1 min read

Targa Resources Posts Record Q1 Earnings and Raises 2026 Guidance

Key Facts

1Targa Resources reported record Q1 2026 adjusted EBITDA of $1.403 billion.

2The company raised its full-year 2026 adjusted EBITDA guidance to $5.7-$5.9 billion.

3Targa announced two new Permian gas processing plants and increased its quarterly dividend to $1.25 per share.

Targa Resources reported record financial results for the first quarter of 2026, with adjusted EBITDA reaching $1.403 billion. Driven by strong operational momentum, the company raised its full-year 2026 adjusted EBITDA guidance to a range of $5.7 billion to $5.9 billion. Targa also announced significant infrastructure expansion, including the construction of two new gas processing plants in the Permian Basin. Furthermore, the board approved an increase in the quarterly dividend to $1.25 per share, reflecting a commitment to returning capital to shareholders. While the fundamental outlook remains robust, analysts note that the stock has historically faced selling pressure following earnings announcements.