Targa Resources declares USD 1.25 dividend: target for Targa Resources stock reaches USD 322
Published on 10/14/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCash return and quarterly results
- Targa Resources declared a USD 1.25 dividend on October 13, 2026.
- Second-quarter 2026 revenue reached USD 4.44 billion against USD 4.90 billion expected.
- Targa Resources stock traded at EUR 263.10 at 1:00 p.m. CEST on October 14, 2026.
Targa Resources (ISIN US87612G1013) declared a USD 1.25 quarterly dividend on October 13, 2026, while a Goldman Sachs target for the stock rose to USD 322 from USD 310. The cash payout equals USD 5.00 per share on an annualized basis, putting shareholder returns and the November earnings date at the center of the latest update.
Dividend sets the near-term calendar
According to GlobeNewswire on October 13, 2026, the board declared the USD 1.25 payment for the third quarter of 2026. The company set October 30, 2026 as the record date and November 17, 2026 as the payment date.
The same release schedules third-quarter 2026 results for November 5, 2026, before the US market opens, followed by an 11:00 a.m. ET webcast. That date gives the dividend announcement a second market test: investors will soon compare cash returns with operating performance.
What does the dividend change for cash returns?
The annualized payout of USD 5.00 per share is the clearest quantified signal in the release, but it does not settle the valuation question by itself. Markets Insider reported on October 13, 2026 that Goldman Sachs raised its target to USD 322 from USD 310 and retained a Buy rating.
Three dated operating signals
On August 6, 2026, Targa reported second-quarter revenue of USD 4.44 billion, below the USD 4.90 billion consensus, while earnings per share reached USD 3.54 against USD 2.83 expected, according to MarketBeat.
On August 17, 2026, Targa's investor page listed 20-year agreements with ExxonMobil and three new natural gas processing plants in the Permian Delaware. The projects add a long-dated infrastructure element to the company's two operating segments, gathering and processing and logistics and transportation.
Price holds the investor lens
Targa Resources was trading at EUR 263.10 at Lang & Schwarz on October 14, 2026 at 1:00 p.m. CEST. Its US listing is on the NYSE, where a separate quote showed USD 293.04 at the October 13, 2026 close, with a 52-week range of USD 144.14 to USD 307.94 and market capitalization of USD 62.9 billion.
The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.
Targa Resources key facts
- Company: Targa Resources Corp.
- ISIN: US87612G1013
- Ticker: TRGP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 1:00 p.m. CEST): EUR 263.10
- Market capitalization: USD 62.9 billion (as of October 13, 2026)
- 52-week range: USD 144.14-307.94 (as of October 13, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
- Index membership: S&P 500
Market context: Market report S&P 500.
