Targa Resources Earnings Reports

Targa Resources delivered strong Q3 2025 results, achieving record adjusted EBITDA and net income. The performance was driven by higher Permian volumes, enhanced pipeline and fractionation throughput, and favorable market conditions.

Targa Resources Corp. delivered a strong second quarter in 2025, with net income attributable to Targa Resources Corp. more than doubling year-over-year to $629.1 million. Adjusted EBITDA also saw a significant increase, rising 18% to $1,163.0 million, driven by record Permian and NGL transportation volumes. The company continued its share repurchase program and provided an updated outlook for full-year 2025 adjusted EBITDA and growth capital expenditures.

Targa Resources Corp. announced a strong first quarter for 2025, with record adjusted EBITDA of $1.2 billion, a 22% increase year over year. Net income attributable to Targa Resources Corp. was $270.5 million. The company also increased its annual common dividend to $4.00 per share and continued its share repurchase program.

Targa Resources Corp. reported a net income attributable to Targa Resources Corp. of $351.0 million for Q4 2024, compared to $299.6 million for Q4 2023. The company's adjusted EBITDA for the fourth quarter of 2024 was $1,122.2 million, compared to $959.9 million for the fourth quarter of 2023. The company announced refinancing of Badlands Preferred Equity.

Targa Resources Corp. reported strong third quarter 2024 results, achieving a record adjusted EBITDA of $1,069.7 million, up from $840.2 million in the third quarter of 2023. The company saw increased volumes across its Gathering and Processing and Logistics and Transportation systems and expects full year 2024 adjusted EBITDA to be above the top end of its $3.95 billion to $4.05 billion range. They also announced expectations for a 33% year-over-year increase to its 2025 common dividend.