Targa Resources Corp. (TRGP)

Targa Resources' earnings topped consensus while revenue missed in the fiscal second quarter of 2026, reported August 6, 2026: EPS of $3.54 topped the $2.83 estimate by 25.1%, while revenue of about $4.4 billion trailed the about $4.9 billion consensus by 9.3%. Revenue still rose 10.3% from about $4.0 billion a year ago, and gross profit came in at about $2.1 billion, leaving gross margin near 48% and operating margin about 28%. Net income increased 22.3% to about $765 million from about $625 million a year earlier, and operating cash flow reached about $2.2 billion as the company repurchased about $135 million of stock and paid about $489 million in dividends. Consensus for the next period calls for EPS of $2.84 on revenue of $4.89 billion.