Targa Resources is expected to report a Q2 2026 consensus revenue of $4.92 billion and an EPS of $2.73, while the stock currently trades at $263.22, roughly 11% below the average analyst price target of $297.29.
Investors are primarily focused on Permian Basin volume growth and any further updates to the recently raised full-year Adjusted EBITDA guidance.
The company is coming off a record-breaking first quarter where it boosted its 2026 EBITDA outlook to $5.7–$5.9 billion, driven by strong fractionation and LPG export operations.
Market participants will be closely monitoring whether the 25% dividend increase announced earlier this year is supported by robust fee-based margins and continued midstream asset utilization.