Form 8-K · Current report
Targa Resources 8-K, filed Nov 5, 2026
- Filed
- CIK
- 0001389170
- Accession no.
- 0001193125-26-448401
Summary
Targa Resources reported third-quarter 2026 net income attributable to the company of $658 million, up from $478 million a year earlier, and adjusted EBITDA of $1,504 million, and said it now expects full-year 2026 adjusted EBITDA of at least $6.0 billion. The company said it expects to recommend a 20% increase in its annual common dividend to $6.00 per share for 2027 and is moving forward with a new NGL fractionation train, Train 14, in Mont Belvieu, Texas.
Key points
- Targa Resources reported third-quarter 2026 net income attributable to the company of $658 million, up from $478 million in the third quarter of 2025, and adjusted EBITDA of $1,504 million, an 18% year-over-year increase.
- Targa said it now expects full-year 2026 adjusted EBITDA of at least $6.0 billion and continues to estimate 2026 net growth capital expenditures of approximately $5.0 billion.
- Targa announced a new 150 MBbl/d NGL fractionator, Train 14, in Mont Belvieu, Texas, expected to begin operations in the first quarter of 2029.
- Targa expects to recommend to its board an annual common dividend of $6.00 per share for 2027, a 20% increase over 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 November 5, 2026, Targa Resources Corp. (the “Company”) issued a press release regarding its financial results for the three and nine months ended September 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, November 5, 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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