secwatch.observer — SEC 8-K summary
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Issuer:     Targa Resources Corp. (TRGP)
CIK:        0001389170
Form:       8-K
Filed at:   2026-08-06T10:15:16+00:00
Accession:  0001193125-26-336525
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389170/000119312526336525/0001193125-26-336525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389170/000119312526336525/trgp-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-336525

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