Targa Resources Corp. (TRGP) earnings on August 6, 2026

Before the market opens Q2 2026

More Targa Resources Corp. earnings

Prior outlook: Optimistic Outcome: Accurate

Targa Resources' stock rose 2.78% despite missing sales estimates, as investors focused on other strengths in the report.

TRGP price around the earnings

268.23

Change: +3.2%

2026-08-06, 20:00 UTC

End of the measured window
259.99 263.49 267.00 270.50 259.99
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
August 6, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published

Strong earnings history with recent price weakness creates value gap; analyst upgrades provide fundamental support.

Context analyzed before publication

Trend
Recent trajectory volatile (77.3→20.2) but still positive; strong company numbers with recent price weakness creates favora

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.52
Analysts covering the stock
21
Average price target
297.29
Lowest price target
257
Highest price target
333
Upside to price target
14.3%
Quarterly earnings growth
77.3%
Revenue growth
-10.2%
Forward EPS
11.94
Trailing EPS
9.79
Analyst moves in the last 60 days
6
  • Strong buy: 6
  • Buy: 14
  • Hold: 3
  • Sell: 0
  • Strong sell: 0
Strong buy
6
Buy
14
Hold
3
Sell
0
Strong sell
0
  • July 16, 2026 · TD Cowen: Maintains rating (Hold → Hold)
  • July 15, 2026 · Truist Securities: Maintains rating (Buy → Buy)
  • July 13, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 9, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • June 23, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • June 18, 2026 · Jefferies: Initiates coverage (Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (4)

Technicals

Evidence

Price when the context was analyzed
259.99
Average true range (ATR)
2.7%
Distance to 52-week high
-8.5%
14-day change (14d)
-8.6%
30-day change (30d)
-1.4%
30-day relative strength
-3.8%
SPY change (30d)
+2.5%
Nearest support
259.86
Distance to nearest support
0.1%
Nearest resistance
261.9
Distance to nearest resistance
0.7%
Volume accumulation ratio (14d / 46d)
1.01
  • Mid: 259.86 (0.1% away, 0.02 ATR, 11 touches)
  • Mid: 257.85 (0.8% away, 0.31 ATR, 11 touches)
  • Mid: 256.38 (1.4% away, 0.52 ATR, 14 touches)
  • Mid: 261.9 (0.7% away, 0.28 ATR, 23 touches)
  • Minor: 263.79 (1.5% away, 0.54 ATR, 8 touches)
  • Minor: 265.77 (2.2% away, 0.83 ATR, 5 touches)

Trends

Evidence

Average earnings surprise
+8.0%
  • May 7, 2026: actual EPS 2.76 vs estimate 2.57 (surprise +7.4%)
  • February 19, 2026: actual EPS 2.69 vs estimate 2.4 (surprise +12.1%)
  • November 5, 2025: actual EPS 2.41 vs estimate 2.18 (surprise +10.4%)
  • August 7, 2025: actual EPS 2.02 vs estimate 1.98 (surprise +2.2%)

Expected move

Implied move
+2.1%
Source
Options chain

Reactions over its last 20 earnings

Median move
1.6%
75th percentile move
3.3%
90th percentile move
4.1%
Up / down moves
12 / 8
Average up move
+2.4%
Average down move
-1.6%

Monitoring and close

What Targa Resources Corp. reported

Status
Finished
Actual EPS3.25
EPS estimate2.84
EPS surprise+14.4%

Targa Resources reported Q2 sales of $4.440B, missing the $4.745B estimate. The outlook remains pessimistic.

Sources (5)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Accurate
Consolidated
+2.8%
Max favorable move (MFE)
4.2%
Max adverse move (MAE)
0%