Targa Resources (TRGP) Earnings Analysis

Targa Resources (TRGP) next reports earnings on 2026-08-06, consensus EPS 2.77 USD. Last quarter (2026-05-07) it missed with EPS 2.21 USD vs 2.48 USD est (-10.9%). It has beaten estimates in 2/5 recent quarters (40%). Trailing P/E 28.85.

Last updated 2026-07-23 · Source: FMP fundamentals + earnings calendar (company filings); consensus from sell-side analyst grades

When does TRGP next report earnings?

Next earnings date2026-08-06
Consensus EPS estimate2.77 USD
Revenue estimate4.84B

TRGP earnings history — beats and misses

Quarter (report date)EPS actualEPS est.SurpriseResult
2026-05-072.21 USD2.48 USD-10.9%Miss
2026-02-192.51 USD2.3 USD+9.1%Beat
2025-05-010.91 USD1.98 USD-54%Miss
2025-02-201.44 USD1.92 USD-25%Miss
2024-08-011.33 USD1.27 USD+4.7%Beat

Beat rate: 2/5 (40%) over reported quarters with consensus data.

TRGP valuation and analyst view

Trailing P/E28.85
Trailing EPS9.885 USD
Price / book19.50
Dividend yield1.49%
Market cap60.75B
Analyst consensusBuy (27 buy / 7 hold / 0 sell)
Avg price target291.79 USD

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Frequently asked questions

When is Targa Resources (TRGP)'s next earnings date?

Targa Resources is next scheduled to report on 2026-08-06, with a consensus EPS estimate of 2.77 USD and revenue estimate of 4.84B.

Did TRGP beat earnings last quarter?

In its 2026-05-07 report, TRGP posted EPS of 2.21 USD versus a 2.48 USD estimate — a miss of 10.9%.

What is TRGP's earnings track record?

Over the last 5 reported quarters with consensus data, TRGP beat estimates 2 times (40%).

What is TRGP's current P/E ratio and EPS?

TRGP trades at a trailing P/E of 28.85 on trailing EPS of 9.884651162790698 USD.

What do analysts rate TRGP?

Analyst consensus is "Buy" across 34 ratings (1 strong buy, 26 buy, 7 hold, 0 sell, 0 strong sell). Average 12-month price target: 291.79 USD.