Form 8-K · Current report
Targa Resources 8-K, filed Aug 6, 2026
- Filed
- CIK
- 0001389170
- Accession no.
- 0001193125-26-336525
Summary
Targa Resources reported record second-quarter 2026 adjusted EBITDA of $1,603 million, up 38% from $1,163 million a year earlier, and net income attributable to the company of $765 million versus $629 million for the second quarter of 2025. Targa declared a quarterly dividend of $1.25 per common share, a 25% increase year over year, said it expects full-year 2026 adjusted EBITDA toward the top end of its $5.7 billion to $5.9 billion range, and commenced operations at its Train 11 fractionator, Delaware Express NGL pipeline expansion, and East Driver processing plant in the Permian Midland ahead of schedule.
Key points
- Targa's second-quarter 2026 adjusted free cash flow was $205.3 million, compared with negative $9.6 million in the second quarter of 2025.
- Targa declared a quarterly cash dividend of $1.25 per common share, with about $268 million payable on August 14, 2026 to holders of record as of July 31, 2026.
- Targa repurchased 308,102 common shares during the quarter at a weighted average price of $259.93, for a total net cost of $80 million, leaving $1,239 million under its repurchase programs as of June 30, 2026.
- Targa estimated 2026 net growth capital expenditures of approximately $4.5 billion and net maintenance capital expenditures of approximately $250 million, and reported total consolidated liquidity of about $3.2 billion as of June 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On August 6, 2026, Targa Resources Corp. (the “Company”) issued a press release regarding its financial results for the three and six months ended June 30, 2026. A conference call to discuss these results is scheduled for 11:00 a.m. Eastern time (10:00 a.m. Central time) on Thursday, August 6, 2026. The conference call will be webcast live and a replay of the webcast will be available through the Investors section of the Company’s web site (http://www.targaresources.com). A copy of the earnings press release is furnished as Exhibit 99.1 to this report, which is hereby incorporated by reference into this Item 2.02. …
An excerpt of the text as filed with the SEC, cut for length.
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