What is Targa Resources's expected EPS for Q2 2026?

Analysts expect Targa Resources (TRGP) to report consensus EPS of approximately $2.67 for Q2 2026. Estimates range from $2.43 to $2.99.

What revenue do analysts expect for Targa Resources in Q2 2026?

The consensus revenue forecast for Targa Resources (TRGP) in Q2 2026 is approximately $4.98B. Forecasts range from $4.37B to $5.93B.

How many analysts cover Targa Resources?

6 analysts contribute to the Targa Resources (TRGP) Q2 2026 consensus estimate.

Has Targa Resources beaten earnings estimates recently?

Targa Resources beat analyst EPS estimates in 0 of the last 1 quarter. Targa Resources beat revenue estimates in 0 of 1. In the most recent quarter (Q1 2026), Targa Resources EPS missed by 11% and revenue missed by 12.4%.

When does Targa Resources report Q2 2026 earnings?

Targa Resources (TRGP) is expected to report Q2 2026 earnings on August 6, 2026 before market open.

TRGP Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$2.67

Consensus revenue · Q2 2026

$5B

Analysts

Expected report

Aug 6, 2026

Before open

Upcoming earnings

Locks in 13 days 13 hours · BMO: Locks 8:00 PM ET previous day

Revenue$5B$4.4B – $5.9B

EPS$2.67$2.43 – $2.99

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 6 analysts.

Metric	Low	Consensus	High
Revenue	$4.4B	$5B	$5.9B
EPS	$2.43	$2.67	$2.99
EBITDA	$846.6M	$998.3M	$1.2B
EBIT	$550.3M	$648.9M	$770.2M
Net income	$557.2M	$593.9M	$669.5M

Revenue$5B
EPS$2.67
EBITDA$998.3M
EBIT$648.9M
Net income$593.9M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	$4.1B	$4.7B	-12.4%	$2.21	$2.48	-11.0%

Q1 2026-12.4%-11.0%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Targa Resources (TRGP) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 4 analysts.

Low: $231.00
Consensus: $283.15
Median: $282.00
High: $333.00
Current: $284.45
Upside: -0.5%

Upside calculated vs most recent trading price of $284.45.

Consensus across all covering analysts. See the ranking ›

$283.15-0.46%

Analyst ratings

Consensus: Buy — based on 34 analyst ratings.

Strong Buy 1Buy 26Hold 7

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 16, 2026	TD Cowen	maintain	Hold	Hold
Jul 15, 2026	Truist Securities	maintain	Buy	Buy
Jul 13, 2026	Barclays	maintain	Overweight	Overweight
Jul 9, 2026	JP Morgan	maintain	Overweight	Overweight
Jun 23, 2026	Barclays	maintain	Overweight	Overweight
May 27, 2026	Mizuho	maintain	Outperform	Outperform
May 14, 2026	Barclays	maintain	Overweight	Overweight
May 12, 2026	Truist Securities	maintain	Buy	Buy
May 12, 2026	Scotiabank	maintain	Sector Outperform	Sector Outperform
May 12, 2026	Morgan Stanley	maintain	Overweight	Overweight

Jul 16, 2026TD CowenHold
Jul 15, 2026Truist SecuritiesBuy
Jul 13, 2026BarclaysOverweight
Jul 9, 2026JP MorganOverweight
Jun 23, 2026BarclaysOverweight
May 27, 2026MizuhoOutperform
May 14, 2026BarclaysOverweight
May 12, 2026Truist SecuritiesBuy
May 12, 2026ScotiabankSector Outperform
May 12, 2026Morgan StanleyOverweight

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