Targa Q2 2026 Earnings: Record Volumes Offset Weak Natural Gas Pricing

Targa Resources (NYSE: TRGP) reported its Q2 2026 earnings on July 21, 2026. The company saw a 4% increase in revenue to $4.44 billion compared to the same period last year.

The growth was driven by record volumes across its integrated system and higher marketing margins, which helped adjusted EBITDA rise 38% to a record $1.60 billion despite lower natural gas prices.

The company's Logistics and Transportation segment produced the largest increase in profit, with adjusted operating margin rising 44% to $1.06 billion.