Targa Resources Reports Strong Q3, Raises 2026 EBITDA Outlook, and Plans 20% Dividend Increase

Targa Resources (TRGP) reported third-quarter 2026 financial results, with net income attributable to the company of $658.2 million and revenue of $5,598.6 million. The company now expects 2026 adjusted EBITDA of at least $6.0 billion and management intends to recommend a 20% dividend increase to $6.00 per share annualized for 2027, subject to board approval.