Analysts Issue Forecasts for Targa Resources Q2 Earnings

Targa Resources, Inc. (NYSE:TRGP) – Investment analysts at US Capital Advisors dropped their Q2 2025 earnings estimates for Targa Resources in a report released on Monday, July 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $1.93 for the quarter, down from their previous forecast of $2.00. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for Targa Resources’ current full-year earnings is $8.15 per share. US Capital Advisors also issued estimates for Targa Resources’ FY2025 earnings at $7.13 EPS, Q2 2026 earnings at $2.13 EPS, FY2026 earnings at $9.05 EPS and FY2027 earnings at $10.16 EPS.

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

Several other research analysts have also weighed in on TRGP. The Goldman Sachs Group dropped their price objective on shares of Targa Resources from $218.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Mizuho set a $212.00 price objective on shares of Targa Resources and gave the company an “outperform” rating in a research note on Tuesday, May 20th. Citigroup dropped their price objective on shares of Targa Resources from $227.00 to $197.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. TD Cowen began coverage on shares of Targa Resources in a research note on Monday, July 7th. They issued a “hold” rating and a $192.00 price objective on the stock. Finally, TD Securities began coverage on shares of Targa Resources in a research note on Monday, July 7th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $209.86.

Targa Resources Stock Performance

Shares of TRGP opened at $167.57 on Tuesday. The company has a debt-to-equity ratio of 6.04, a current ratio of 0.65 and a quick ratio of 0.57. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.10 and a beta of 1.07. The company has a 50-day moving average of $167.64 and a two-hundred day moving average of $180.52. Targa Resources has a one year low of $122.56 and a one year high of $218.51.

Targa Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a $1.00 dividend. This is a positive change from Targa Resources’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.39%. Targa Resources’s dividend payout ratio (DPR) is currently 73.66%.

Hedge Funds Weigh In On Targa Resources

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Targa Resources by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 27,584,275 shares of the pipeline company’s stock valued at $5,529,820,000 after buying an additional 423,667 shares during the period. Wellington Management Group LLP increased its holdings in Targa Resources by 7.5% in the 1st quarter. Wellington Management Group LLP now owns 13,790,955 shares of the pipeline company’s stock valued at $2,764,673,000 after buying an additional 962,631 shares during the period. Geode Capital Management LLC increased its holdings in Targa Resources by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 5,930,473 shares of the pipeline company’s stock valued at $1,056,187,000 after buying an additional 212,986 shares during the period. Invesco Ltd. increased its holdings in Targa Resources by 3.2% in the 1st quarter. Invesco Ltd. now owns 4,565,960 shares of the pipeline company’s stock valued at $915,338,000 after buying an additional 139,780 shares during the period. Finally, GQG Partners LLC boosted its stake in shares of Targa Resources by 64.0% in the 1st quarter. GQG Partners LLC now owns 3,614,307 shares of the pipeline company’s stock valued at $724,560,000 after purchasing an additional 1,410,747 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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.