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Targa Resources Q1 Net Income Rises; Increases 2026 Adj. EBITDA Estimate

TRGP
Corporate EarningsCompany Fundamentals

Targa Resources reported first-quarter net income attributable to common shareholders of $479.6 million, up from $200.0 million a year ago. Adjusted EBITDA increased 19% year over year to $1.4 billion, with total revenues at $4.09 billion. The results point to strong operating performance and improved fundamentals.

Analysis

Targa Resources reported first-quarter net income attributable to common shareholders of $479.6 million, up from $200.0 million a year ago. Adjusted EBITDA increased 19% year over year to $1.4 billion, with total revenues at $4.09 billion. The results point to strong operating performance and improved fundamentals.

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moderately positive

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0.70

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TRGP0.68