TRGPTarga Resources Corp.
This is the year Targa Resources Corp. has to prove it can deliver consistent value in a sector that’s been a rollercoaster. The next catalyst is the Q3 2026 Earnings Release on 2026-11-04, where the stock is expected to anchor at $291.53, with a bull target of $310.00 and a bear fallback of $270.00 — a balanced lean toward the bull. If the company can show strong execution and pricing power, it could push higher, with the next test coming in Q4 2026. But if the results are weaker than expected, the bear case could take hold, setting up a more challenging path forward.
The schedule
- Wed4Nov
- Tue9Feb
- Thu6May
- Thu5Aug
Past
- Thu6Aug
Actual outcome: Mixed · $265.45 at outcome
Targa Resources delivered a strong Q2 earnings beat, reporting EPS of $3.54 against estimates of $2.83, fueled by record Permian natural gas volumes and higher midstream margins. While the initial price reaction was muted, these robust operating results and strong demand for its transportation and export services ultimately drove the stock significantly higher, easily surpassing the bull target in the following weeks.
Targa Resources delivered a strong Q2 earnings beat, reporting EPS of $3.54 against estimates of $2.83, fueled by record Permian natural gas volumes and higher midstream margins. While the initial price reaction was muted, these robust operating results and strong demand for its transportation and export services ultimately drove the stock significantly higher, easily surpassing the bull target in the following weeks.
- Thu7May
Actual outcome: Bull · $270.69 at outcome
Targa Resources delivered a mixed Q1 2026 report, missing consensus estimates for both earnings and revenue. Despite the top- and bottom-line miss, the company reported record first-quarter net income and raised its full-year 2026 financial outlook, forecasting core profit above expectations due to higher natural gas liquids transport volumes. The stock drifted slightly lower as investors weighed the immediate earnings miss against the strengthened forward guidance.
Targa Resources delivered a mixed Q1 2026 report, missing consensus estimates for both earnings and revenue. Despite the top- and bottom-line miss, the company reported record first-quarter net income and raised its full-year 2026 financial outlook, forecasting core profit above expectations due to higher natural gas liquids transport volumes. The stock drifted slightly lower as investors weighed the immediate earnings miss against the strengthened forward guidance.
- Thu19Feb
Actual outcome: Bull · $237.41 at outcome
Targa reported record full-year 2025 Adjusted EBITDA of $4.96 billion and 11% Permian volume growth, while providing a 'record' outlook for 2026. Although EPS narrowly missed estimates, the market focused on the core profit beat and strong volume guidance, which cleared the high expectations and pushed the stock well past the $210 bull target.
Targa reported record full-year 2025 Adjusted EBITDA of $4.96 billion and 11% Permian volume growth, while providing a 'record' outlook for 2026. Although EPS narrowly missed estimates, the market focused on the core profit beat and strong volume guidance, which cleared the high expectations and pushed the stock well past the $210 bull target.