Targa Resources reports record Q1 2026 financial results
Adjusted EBITDA reaches $1.4 billion, up 19% YoY. Increases 2026 outlook to $5.7-5.9 billion. Completes new plants and announces more projects. Raises dividend 25%.
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Midstream energy infrastructure company
targaresources.comLast updated
In short: Targa reported record Q1 2026 financial results, raised its full-year EBITDA guidance to $5.9 billion, and increased its quarterly dividend by 25%.
Adjusted EBITDA reaches $1.4 billion, up 19% YoY. Increases 2026 outlook to $5.7-5.9 billion. Completes new plants and announces more projects. Raises dividend 25%.
The dividend rises to $1.25 per share, payable May 15, 2026. Q1 2026 earnings webcast is scheduled for May 7, 2026.
It comprises $750 million 4.350% notes due 2031 and $750 million 6.050% notes due 2056. Closing expected March 2, 2026. Proceeds for general corporate purposes.
The annual report for year ended December 31, 2025 is filed with SEC and accessible on sec.gov and company website.
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