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Two things are true of Targa Resources Corp. (NYSE:TRGP) at once. It carries more debt against its equity than almost anything in midstream, and it has been one of the strongest performers in the business over the past year. The stock closed at $294.90 on October 16. It has returned 27.4% during the last 6 […]

The Morning Bull - US Market Morning Update Monday, Oct, 19 2026 US stocks are set for a weaker open, with futures pointing lower as investors react to fresh signs of sticky inflation pressure. The tone is cautious rather than panicked, focused squarely on the rate outlook. The key driver is US import and export prices. Import prices rose 1.1% in September while export prices climbed 2.2%, the strongest jump in five months. That combination suggests external price pressure that can keep US...
HOUSTON, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa", the "Company", or "our") announced today that our board of directors has declared a quarterly cash dividend of $1.25 per common share, or $5.00 per common share on an annualized basis, for the third quarter of 2026. This cash dividend will be paid November 17, 2026 on all outstanding common shares to holders of record as of the close of business on October 30, 2026. The Company will report our third quarter 2

Citigroup analyst Spiro Dounis maintains Targa Resources (NYSE:TRGP) with a Buy and raises the price target from $303 to $325.

Attacks on a major Saudi airport and oil tankers in Hormuz revived supply fears and lifted oil prices. Exxon, Chevron and other oil majors are in buy areas.
Targa Resources (NYSE:TRGP) has outperformed the market over the past 15 years by 2.58% on an annualized basis producing an average annual return of 15.69%. Currently, Targa Resources has a market capitalization of

Targa Resources (TRGP) scores 9/10 on ChartMill technical and setup ratings, eyeing a breakout above $296-$302 resistance.

Targa Resources (NYSE:TRGP) held its second-quarter earnings conference call on Thursday. Below is the complete transcript from the call. This content is powered by Benzinga APIs. For comprehensive financial data and

Targa Resources has had a powerful multi‑year run, and with the stock now around US$283, the key issue for investors is whether that price still lines up with the cash the business can generate over time. Over the past 5 years the share price has risen by a very large amount, which puts a lot of weight on whether the underlying cash flows can justify that journey. New long term power contracts supporting Targa Resources' Permian Basin gas processing expansion may influence future cash flow...

Targa Resources (NYSE:TRGP) agreed long term power supply deals with PROPWR covering 230 megawatts for Permian Basin projects. The multi year contracts are structured to support Targa Resources' expanding natural gas processing infrastructure in the region. PROPWR's commitment secures a large block of capacity that can be allocated to Targa Resources' future energy requirements. The new 230 megawatt power agreement with PROPWR is only one piece of what matters for Targa Resources today...
PUMP's PROPWR secures 230 MW in long-term TRGP contracts, lifting committed capacity to 510 MW and widening its Permian on-site power footprint.

Targa Resources (NYSE:TRGP) has outperformed the market over the past 10 years by 6.21% on an annualized basis producing an average annual return of 19.81%. Currently, Targa Resources has a market capitalization of

Additional Permian natural gas takeaway capacity is prompting a wave of new gas processing and NGL infrastructure as production grows. Read more here.
Wells Fargo analyst Praneeth Satish maintains Targa Resources (NYSE:TRGP) with a Overweight and raises the price target from $282 to $324.

On August 17, Targa Resources Corp. (NYSE:TRGP) and ExxonMobil Holdings Corporation (NYSE:XOM) executed new 20-year, integrated fee-based midstream agreements. The deal locks in extensive acreage dedications in the Delaware and Midland basins through 2046 for natural gas gathering, processing, and downstream NGL transportation and fractionation. To support ExxonMobil’s expanding volumes, Targa announced three new Permian […]

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Targa Resources (TRGP) is extending its growth runway as new commercial agreements and projects supp

RBC Capital analyst Elvira Scotto maintains Targa Resources (NYSE:TRGP) with a Outperform and raises the price target from $312 to $338.

TRGP nears a 52-week high after an 85.2% rally, but premium valuation, heavy spending and moderating marketing gains raise questions.

Sandisk, Micron, Credo and many other chip and AI stocks dived a day after bullish moves. The major indexes are wiping out recent gains.
Seven constituents in the broad Alerian Midstream Energy Index (AMNA) spent a combined $856 million on equity repurchases in 2Q26.

Jefferies analyst Julien Dumoulin-Smith maintains Targa Resources (NYSE:TRGP) with a Buy and raises the price target from $324 to $345.

Targa Resources (NYSE:TRGP) has outperformed the market over the past 5 years by 32.39% on an annualized basis producing an average annual return of 43.9%. Currently, Targa Resources has a market capitalization of

RBC Capital analyst Elvira Scotto maintains Targa Resources (NYSE:TRGP) with a Outperform and raises the price target from $310 to $312.

TD Cowen analyst Jason Gabelman maintains Targa Resources (NYSE:TRGP) with a Hold and raises the price target from $270 to $275.

Barclays analyst Theresa Chen maintains Targa Resources (NYSE:TRGP) with a Overweight and raises the price target from $282 to $284.

