{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-058040","form_type":"8-K","ticker":"TRGP","cik":"0001389170","company_name":"Targa Resources Corp.","filed_at":"2026-02-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.967764+00:00","generated_at":"2026-05-16T01:41:52.106635+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Targa posts record 2025 adjusted EBITDA of $4.96B, raises dividend 25% for 2026","bullets":["Record Q4 adjusted EBITDA $1.34B vs $1.12B prior year; full year $4.96B (+20% YoY).","Guides 2026 adjusted EBITDA $5.4-5.6B (midpoint +11%); net growth capex ~$4.5B.","Recommended annual dividend increase to $5.00/share in 2026, up 25% from 2025.","Completed Stakeholder Midstream acquisition for $1.25B in Jan 2026; bolt-on Permian deals $213M.","Announces Yeti II plant (275 MMcf/d, Q4 2027) and Train 13 fractionator (150 MBbl/d, Q1 2028)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-058040","json":"https://secwatch.observer/filing/0001193125-26-058040.json","markdown":"https://secwatch.observer/filing/0001193125-26-058040.md","text":"https://secwatch.observer/filing/0001193125-26-058040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389170/000119312526058040/0001193125-26-058040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389170/000119312526058040/trgp-20260219.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:41:52.106635+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}