---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-336525"
form_type: "8-K"
ticker: "TRGP"
cik: "0001389170"
company_name: "Targa Resources Corp."
filed_at: "2026-08-06T10:15:16+00:00"
generated_at: "2026-08-06T10:20:05.402661+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Targa Resources Q2 2026 adjusted EBITDA record $1.6B, up 38% YoY; raises FY guidance to top end of range

## Summary
- Net income $765M ($1.25 dividend declared, 25% increase YoY); adjusted EBITDA $1,603M vs $1,163M YoY.
- Record Permian inlet, NGL transportation, fractionation, and LPG export volumes in Q2.
- Full-year 2026 adjusted EBITDA now expected towards top end of $5.7B-$5.9B range; capex unchanged at ~$4.5B.
- Commenced Train 11 fractionator, Delaware Express NGL Pipeline expansion, and East Driver plant in Q2.
- Repurchased 308,102 shares at ~$259.93 for $80M; $1.24B remaining under buyback program.

## SEC filing metadata
- accession: 0001193125-26-336525
- form_type: 8-K
- ticker: TRGP
- cik: 0001389170
- company_name: Targa Resources Corp.
- filed_at: 2026-08-06T10:15:16+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389170/000119312526336525/0001193125-26-336525-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389170/000119312526336525/trgp-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-336525
- JSON: https://secwatch.observer/filing/0001193125-26-336525.json
- Plain text: https://secwatch.observer/filing/0001193125-26-336525.txt

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