TRGP Q3 2026 Net Income Rises 38% YoY to $658M, Raises Full-Year EBITDA Guidance to $6B
· The NYC Memo
Targa Resources Corp. reported Q3 2026 net income of $658 million, up from $478 million in Q3 2025, with adjusted EBITDA of $1,504 million, an 18% year-over-year increase from $1,275 million. Total revenues for Q3 2026 were $5,598.6 million, a 35% increase from $4,151.2 million in Q3 2025, driven by record Permian inlet volumes of 7,536.6 MMcf/d and record fractionation volumes of 1,261.5 MBbl/d.
The company raised its full-year 2026 adjusted EBITDA guidance to at least $6.0 billion and announced plans to recommend a 20% increase to its 2027 common dividend to $6.00 per share annualized.