Targa Resources Corp. (TRGP) earnings on May 7, 2026
More Targa Resources Corp. earnings
Prior outlook: No statistical edge
The stock closed slightly higher even though sales fell short of expectations. This indicates the market may have already anticipated some weakness in the company's sales figures.
TRGP price around the earnings
253.00
Change: +1.4%
2026-05-07, 23:58 UTC
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Negative outlook: sales miss, weak technicals.
The company missed sales expectations in its latest report, and some analysts have downgraded their ratings. While past earnings have generally beaten estimates, the stock's technical performance is weak.
Context analyzed before publication
- Summary
- Mixed outlook, price action is weak.
- Reasoning
- While analysts expect earnings to grow, they predict revenue will fall. Recent analyst actions have been mixed, and the stock is underperforming the market.
- Playbook
- Given the mixed contexts and underperformance, the scenario suggests waiting for clearer positive trends. Analyst actions and price momentum are key factors.
- Trend
- Flat to positive momentum, underperforming benchmark.
Analysts
Drivers
-
Analysts
Neutral
Most analysts recommend buying, but a recent downgrade from one firm adds caution. The scenario is estimated at 7% optimistic.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.5
- Analysts covering the stock
- 20
- Average price target
- 266.8
- Lowest price target
- 236
- Highest price target
- 327
- Upside to price target
- 7%
- Quarterly earnings growth
- 55.3%
- Revenue growth
- -7.9%
- Forward EPS
- 11.66
- Trailing EPS
- 8.49
- Analyst moves in the last 60 days
- 10
- Strong buy: 5
- Buy: 14
- Hold: 3
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 14
- Hold
- 3
- Sell
- 0
- Strong sell
- 0
- May 4, 2026 · Seaport Global: Downgrades rating (Buy → Neutral)
- April 20, 2026 · Goldman Sachs: Maintains rating (Buy → Buy)
- April 13, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- April 13, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
- April 13, 2026 · Truist Securities: Maintains rating (Buy → Buy)
- April 7, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- April 7, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- March 24, 2026 · Truist Securities: Initiates coverage (Buy → Buy)
- March 24, 2026 · UBS: Maintains rating (Buy → Buy)
- March 19, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (9)
- This Prudential Financial Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday — Benzinga
- Seaport Global Downgrades Targa Resources to Neutral — Benzinga
- Goldman Sachs Maintains Buy on Targa Resources, Raises Price Target to $268 — Benzinga
- Targa Resources Increases Its Quarterly Cash Dividend From $1.00 To $1.25 — Benzinga
- Scotiabank Maintains Sector Outperform on Targa Resources, Raises Price Target to $249 — Benzinga
- RBC Capital Maintains Outperform on Targa Resources, Raises Price Target to $270 — Benzinga
- Truist Securities Maintains Buy on Targa Resources, Raises Price Target to $285 — Benzinga
- Barclays Maintains Overweight on Targa Resources, Raises Price Target to $255 — Benzinga
- Morgan Stanley Maintains Overweight on Targa Resources, Raises Price Target to $327 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's price has shown little movement recently and is not keeping pace with the broader market.
Evidence
- Average true range (ATR)
- 2.8%
- Distance to 52-week high
- -4.8%
- 14-day change (14d)
- +5.9%
- 30-day change
- +1.6%
- 30-day relative strength
- -10.5%
- Benchmark change
- +12.0%
- Nearest support
- 230.48
- Nearest resistance
- 261.81
- Volume accumulation ratio
- 0.79
Trends
Evidence
- Average earnings surprise
- +2.5%
- February 19, 2026: actual EPS 2.69 vs estimate 2.4 (surprise +12.1%)
- November 5, 2025: actual EPS 2.2 vs estimate 2.13 (surprise +3.1%)
- August 7, 2025: actual EPS 2.02 vs estimate 1.98 (surprise +2.2%)
- May 1, 2025: actual EPS 1.89 vs estimate 2.04 (surprise -7.6%)
Expected move
Drivers
-
Past earnings
Neutral
The company meets or beats earnings expectations about 75% of the time, with small average surprises. This suggests moderate predictability.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 1.4%
- 75th percentile move
- 3.3%
- 90th percentile move
- 4.1%
- Up / down moves
- 12 / 7
- Average up move
- +2.4%
- Average down move
- -1.5%
Monitoring and close
What Targa Resources Corp. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- +0.7%
- Max move
- -3.0%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.