Targa Resources stock: Targa reports USD 4.44 billion revenue

Published on 10/20/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income was USD 777.70 million. Targa Resources stock costs EUR 262.85 on October 20, 2026, 0.48 percent above Tradegate close.

Revenue and valuation

Targa Resources reported USD 4.44 billion revenue for the second quarter of 2026.
Operating income reached USD 1.23 billion in the second quarter of 2026.
Targa Resources stock costs EUR 262.85 at Lang & Schwarz on October 20, 2026 at 4:11 p.m. CEST, 0.48 percent above the Tradegate close of October 19, 2026.
The company carries a USD 63.0 billion market capitalization and a P/E ratio of 27.97.

TRGP, US87612G1013, Illustration mit AI erstellt.

Targa Resources reported USD 4.44 billion in revenue for the second quarter of 2026, while adjusted EBITDA reached USD 1.60 billion. The figures came from the company report summarized by EarningsStory. At Lang & Schwarz, the stock was trading at EUR 262.85 on October 20, 2026 at 4:11 p.m. CEST, up 0.48 percent versus the Tradegate close of October 19, 2026 at EUR 261.60.

Second-quarter earnings strengthen

Operating income was USD 1.23 billion in the second quarter of 2026, up from USD 846.90 million in the first quarter. That represents quarter-over-quarter growth of 45.77 percent. Net income rose to USD 777.70 million from USD 487.40 million over the same comparison, an increase of 59.59 percent. EarningsStory reported that adjusted EBITDA increased 38.00 percent from the prior year to USD 1.60 billion.

Stock remains below its yearly high

Targa Resources has a 52-week range of USD 149.21 to USD 307.94. The primary listing is on the NYSE under ticker TRGP, as identified by MarketScreener. The latest euro quotation is 14.65 percent below the 52-week high after converting the comparison to the same currency basis is not stated, so the range is retained only as a separate USD market reference.

Valuation and peer comparison

Targa Resources had a market capitalization of USD 63.0 billion and a P/E ratio of 27.97 on October 20, 2026. Its dividend yield was 2.00 percent. The company operates in the energy sector and the oil and gas midstream industry, with gathering, processing, logistics and transportation assets across North America.

Comparison with peers

Enterprise Products Partners (NYSE, USD): daily change of 0.01 percent, P/E 12.78, market capitalization USD 79.5 billion. Energy Transfer (NYSE, USD): daily change of 1.84 percent, P/E 12.57, market capitalization USD 69.7 billion. Targa Resources (NYSE, USD): daily change of 0.30 percent, P/E 27.97, market capitalization USD 63.0 billion.

What matters for the stock

The second-quarter figures point to a sharp sequential improvement in operating income and net income. Revenue growth was more modest than the earnings increase, making profitability and operating leverage the central figures in the latest reported period.

Price and valuation

Targa Resources was trading at EUR 262.85 at Lang & Schwarz on October 20, 2026 at 4:11 p.m. CEST, up 0.48 percent versus the Tradegate close of October 19, 2026 at EUR 261.60. The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.