Targa Resources Q2 FY26 net income rises 22% to $765 million; adjusted EBITDA climbs 38% to $1.6 billion

Reuters2026/08/06 10:07

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Targa Resources posted Q2 net income attributable to common shareholders of USD 765 million, up 22% year over year.
Adjusted EBITDA (non-GAAP) rose 38% from a year earlier to USD 1.6 billion, up 14% from Q1, driven by higher marketing margin and record volumes.
Revenue increased 4% from a year earlier to USD 4.44 billion, while total consolidated debt stood at USD 19.58 billion at June 30.
Declared a quarterly dividend of USD 1.25 a share, a 25% increase year over year; repurchased USD 80 million of stock in Q2.
Started up Train 11 and the Delaware Express NGL Pipeline expansion; forecast full-year adjusted EBITDA toward the top of its USD 5.7 billion-USD 5.9 billion range.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Targa Resources Corp. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Targa Resources Q2 FY26 net income rises 22% to $765 million; adjusted EBITDA climbs 38% to $1.6 billion

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