Targa Resources (NYSE:TRGP) Releases Earnings Results, Beats Expectations By $0.16 EPS

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Targa Resources (NYSE:TRGP) announced strong fourth-quarter earnings, beating analyst expectations by $0.16 EPS with $2.51 per share. The company reported a record 2025 with $4.96 billion in Adjusted EBITDA and provided an optimistic 2026 guidance of $5.4–$5.6 billion, driven by Permian volume growth and new processing capacity. Despite rising capital intensity, Targa maintains a supportive balance sheet with strong liquidity and intends to continue shareholder returns through buybacks and dividends.

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