Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026
Targa Resources reported record Q1 adjusted EBITDA of $1.4 billion, up 19% year-over-year, driven by record Permian inlet and fractionation volumes. The company raised its full-year 2026 adjusted EBITDA guidance to $5.7 billion to $5.9 billion, representing a 17% increase over the prior year, and announced a 25% dividend increase to $1.25 per share.
Key figures
- Guidance
- FY 2026 adjusted EBITDA $5.7 billion to $5.9 billion (raised 17% YoY)
- Revenue Yoy
- -10%
- Net income
- 479600000
- Adjusted fcf
- 227900000
- Growth capex
- 4500000000
- Adjusted ebitda
- 1402700000
- Repurchase cost
- 55000000
- Dividend per share
- 1.25
- Shares repurchased
- 227801
- Adjusted ebitda yoy
- 19%
AI analysis
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