TRGPTarga Resources

Energy · Pipelines · NYSE

Targa Resources Corp. (NYSE: TRGP) is a publicly traded Delaware corporation formed in October 2005. 10-K, Item 1

Employees: 3,570
Headquarters: Houston, TX
CEO: Matthew J. Meloy
Next results: around Feb 18, 2027

The numbers TRGP said it expected, in its earnings releases of the last 3 years, next to what it then reported for the same period. Each target links to the sentence in the release; each result to the 10-Q or 10-K it was first reported in.

Of 1 range targets with a reported result: 1 came in above the last range given, 0 within it, 0 below it.

Target	What the company said	Reported	Result
EBITDA (company-defined) Fiscal 2026	Given $5.40B to $5.60B release 2026-02-19 Raised $5.70B to $5.90B release 2026-05-07 Kept $5.70B to $5.90B release 2026-08-06 Changed at least $6.00B release 2026-11-05	–	No standard number
The company's words For 2026, Targa estimates full year adjusted EBITDA to be between $5.4 billion and $5.6 billion, with the midpoint of the range representing an 11 percent increase over full year 2025 adjusted EBITDA. release 2026-02-19 Targa now estimates full year 2026 adjusted EBITDA to be between $5.7 billion and $5.9 billion, a 17 percent increase year-over-year, based on the midpoint of the range. release 2026-05-07 Estimate full year 2026 adjusted EBITDA to be towards the top end of $5.7 billion to $5.9 billion range release 2026-08-06 Now expect full year 2026 adjusted EBITDA to be at least $6.0 billion release 2026-11-05
EBITDA (company-defined) Fiscal 2025 (ended 2025-12-31)	Given $4.65B to $4.85B release 2025-02-20 Kept $4.65B to $4.85B release 2025-05-01 Kept $4.65B to $4.85B release 2025-08-07 Kept $4.65B to $4.85B release 2025-11-05	–	No standard number
The company's words For 2025, Targa estimates full year adjusted EBITDA to be between $4.65 billion and $4.85 billion, with the midpoint of the range representing a 15 percent increase over full year 2024 adjusted EBITDA. release 2025-02-20 Targa continues to estimate full year 2025 adjusted EBITDA to be between $4.65 billion and $4.85 billion supported by forecasted growth across its Permian G&P footprint, which is expected to drive record Permian, NGL pipeline transportation, fractionation, and LPG export volumes in 2025 relative to records set in 2024. release 2025-05-01 Targa continues to estimate full year 2025 adjusted EBITDA to be between $4.65 billion and $4.85 billion supported by forecasted growth across its Permian G&P footprint, which is expected to drive record Permian, NGL pipeline transportation, fractionation, and LPG export volumes in 2025 relative to records set in 2024. release 2025-08-07 Estimate full year 2025 adjusted EBITDA to be around the top end of $4.65 billion to $4.85 billion range release 2025-11-05
Capital expenditures Fiscal 2025 (ended 2025-12-31)	Given $2.60B to $2.80B release 2025-05-01	$3.33B 10-K filed 2026-02-19	Above the range
The company's words Targa’s estimate for 2025 net growth capital expenditures remains unchanged in a range of $2.6 billion to $2.8 billion, and its estimate for 2025 net maintenance capital expenditures also remains unchanged at approximately $250 million. release 2025-05-01
EBITDA (company-defined) Fiscal 2024 (ended 2024-12-31)	Given $3.70B to $3.90B release 2024-02-15 Raised $3.95B to $4.05B release 2024-08-01 Kept $3.95B to $4.05B release 2024-11-05	–	No standard number
The company's words For 2024, Targa estimates full year adjusted EBITDA to be between $3.7 billion and $3.9 billion, with the midpoint of the range representing an 8 percent increase over full year 2023 adjusted EBITDA. release 2024-02-15 Given the strength of volume growth across Targa’s integrated assets, the Company now expects to generate full year 2024 adjusted EBITDA of $3.95 billion to $4.05 billion, a 5 percent increase over its previous estimate. release 2024-08-01 Estimate full year 2024 adjusted EBITDA to be above the top end of $3.95 billion to $4.05 billion range release 2024-11-05

Targets are read from the sentences of the EX-99 exhibits of 8-K item 2.02 filings (13 releases since 2023-11-02), without AI; in outlook tables only the first column is read. The result compares the reported number with the last range given before the period was reported. Results come from SEC's XBRL company facts, as first reported. A company's target can use its own definition (META's capital expenditures include finance lease payments, for example), so read the quote.

Work on TRGP in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TRGP/export.csv") into a cell.