Targa Resources Reports Record $1.6B Q2 EBITDA and Firms Full-Year Guidance

Key Facts

1Targa Resources reported record adjusted EBITDA of $1.603 billion for Q2 2026, a 38% year-over-year increase.

2The company affirmed its full-year guidance at the top end of its $5.7 billion to $5.9 billion range.

Targa Resources reported record adjusted EBITDA of $1.603 billion for the second quarter of 2026, representing a 38% increase compared to the same period last year. AD HOC NEWS reported that the company affirmed its full-year guidance at the top end of its $5.7 billion to $5.9 billion target range. The performance was driven by increased volumes in the Permian Basin and favorable strategic agreements.

TRGP closed at $281.74 on October 2, 2026, with the stock trading between a day low of $275.74 and a high of $281.91. According to AD HOC NEWS, net income rose 22% to $764.6 million, while revenue reached $4.44 billion. Financial institutions including Wells Fargo and Raymond James raised their price targets for the stock following the announcement of 20-year agreements with ExxonMobil subsidiaries.