---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-088922"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:43:32.460834+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Targa Resources posts record Q2 adjusted EBITDA of $984M, raises 2024 guidance, authorizes new $1B buyback

## Summary
- Record Q2 adjusted EBITDA $984.3M (up 25% YoY); net income $298.5M vs $329.3M.
- 2024 adjusted EBITDA guidance raised to $3.95-4.05B (+5%); growth capex increased to ~$2.7B.
- New $1.0B share repurchase program approved; Q2 repurchases $355.1M at $118.91 avg price.
- Announced two new 275 MMcf/d Permian gas plants (Bull Moose II, East Pembrook) and 17.5% stake in Blackcomb pipeline.
- Quarterly dividend $0.75/share ($3.00 annualized) payable Aug 15, 2024.

## SEC filing metadata
- accession: 0000950170-24-088922
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000095017024088922/0000950170-24-088922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000095017024088922/trgp-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-088922
- JSON: https://secwatch.observer/filing/0000950170-24-088922.json
- Plain text: https://secwatch.observer/filing/0000950170-24-088922.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.