Targa Resources Corp.(TRGP)Earnings, Financials & Key Ratios

Targa Resources remains a 'Buy' as its Permian Basin NGL midstream footprint drives double-digit EBITDA and dividend growth. TRGP's aggressive growth cap-ex program addresses pent-up Permian demand and positions it to benefit from secular U.S. energy export growth. EBITDA guidance was raised to $5.7–$5.9 billion, with cap-ex set to decline, unlocking significant free cash flow and supporting substantial future dividend increases.

The energy infrastructure sector includes a range of different business models, from gathering systems at the wellhead to long-haul pipelines and export facilities. Comparing midstream companies without a standardized framework of midstream classifications can be difficult.

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Targa Resources (TRGP) and Blue Owl Capital (OWL) are top TOLL picks, offering differentiated income and growth amid market disruption. TRGP delivers robust total return potential, leveraging irreplaceable Permian Basin assets, high margin scalability, and a five-year dividend CAGR of 60%. OWL offers a 9%+ yield, substantial fee-based income from $315B AUM, and trades at a deep valuation discount despite recent sector pressures.

On June 15, 2026, Targa Resources Corp (TRGP) shares fell 3.8% to $262.33, reflecting a slight decline over the past week and month, but a notable increase of 4