Capital One Financial Estimates Targa Resources Q2 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Equities researchers at Capital One Financial cut their Q2 2025 earnings estimates for Targa Resources in a report issued on Thursday, July 17th. Capital One Financial analyst W. Suki now forecasts that the pipeline company will earn $1.83 per share for the quarter, down from their previous estimate of $1.94. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. Capital One Financial also issued estimates for Targa Resources’ Q3 2025 earnings at $2.00 EPS, Q4 2025 earnings at $2.25 EPS and FY2026 earnings at $9.72 EPS.

Targa Resources (NYSE:TRGP) last released its earnings results on Thursday, May 1st. The pipeline company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($1.13). Targa Resources had a net margin of 7.35% and a return on equity of 30.48%. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $5.01 billion.

A number of other research analysts have also recently commented on TRGP. Scotiabank reaffirmed an “outperform” rating on shares of Targa Resources in a research report on Tuesday, July 15th. Citigroup decreased their price target on shares of Targa Resources from $227.00 to $197.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Mizuho set a $212.00 price objective on shares of Targa Resources and gave the stock an “outperform” rating in a report on Tuesday, May 20th. TD Securities assumed coverage on Targa Resources in a research note on Monday, July 7th. They issued a “hold” rating on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $205.00 price target on shares of Targa Resources in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $209.86.

Targa Resources Trading Down 4.4%

Shares of TRGP stock opened at $163.53 on Monday. Targa Resources has a 52-week low of $122.56 and a 52-week high of $218.51. The company has a 50-day simple moving average of $167.58 and a two-hundred day simple moving average of $181.72. The company has a market capitalization of $35.47 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.12 and a beta of 1.07. The company has a debt-to-equity ratio of 6.04, a quick ratio of 0.57 and a current ratio of 0.65.

Targa Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $1.00 dividend. This is an increase from Targa Resources’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, July 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.45%. Targa Resources’s payout ratio is 73.66%.

Hedge Funds Weigh In On Targa Resources

A number of institutional investors have recently modified their holdings of TRGP. Bessemer Group Inc. grew its holdings in Targa Resources by 25.1% in the first quarter. Bessemer Group Inc. now owns 2,466 shares of the pipeline company’s stock valued at $494,000 after purchasing an additional 495 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Targa Resources by 48.1% during the first quarter. Oppenheimer & Co. Inc. now owns 2,535 shares of the pipeline company’s stock worth $508,000 after acquiring an additional 823 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Targa Resources during the 1st quarter worth about $544,000. Vontobel Holding Ltd. boosted its position in shares of Targa Resources by 29.9% during the 1st quarter. Vontobel Holding Ltd. now owns 3,758 shares of the pipeline company’s stock valued at $753,000 after purchasing an additional 864 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Targa Resources by 5.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,038 shares of the pipeline company’s stock valued at $408,000 after buying an additional 111 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

About Targa Resources

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.