Earnings call transcript: Targa Resources beats Q2 2026 EPS forecast, shares rise

Targa Resources (TRGP) reported Q2 2026 adjusted EPS of $2.81, beating analyst estimates, and saw its shares rise in premarket trading despite revenue falling short of expectations. The company achieved record operating results, including a 38% increase in Adjusted EBITDA and record Permian gas volumes, leading to a raised full-year profit outlook and a 25% dividend increase. Management highlighted strong Permian activity, strategic infrastructure expansion, and effective marketing strategies as key drivers of their performance.