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Targa Resources Q3 net income rises 38% year-over-year to $658.2 million

By Public Technologies
  • Targa Resources' third-quarter 2026 adjusted EBITDA rose 18% year-over-year to $1.5 billion, but fell 6% from the second quarter.
  • Third-quarter adjusted free cash flow dropped 81% year-over-year to $33.6 million.
  • A newly announced 150,000-barrel-per-day NGL fractionator in Mont Belvieu, Texas, is expected to begin operations in the first quarter of 2029.
  • Full-year 2026 adjusted EBITDA is now expected to reach at least $6 billion.
  • Management intends to recommend a 20% increase in the 2027 annual common dividend to $6 per share, subject to board approval.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Targa Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611050600PRIMZONEFULLFEED9870773) on November 05, 2026, and is solely responsible for the information contained therein.

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