With a market capitalization of $50.6 billion, Targa Resources Corp. (TRGP) is a leading midstream energy infrastructure company focused on the gathering, processing, transportation, and export of natural gas and natural gas liquids (NGLs). Headquartered in Houston, Texas, Targa plays a critical role in connecting upstream production with downstream markets, particularly in key shale basins, like the Permian Basin.
The energy titan is expected to release its Q1 2026 earnings on Thursday, May 7, before the market opens. Ahead of the event, analysts expect the company to generate a profit of $2.50 per share on a diluted basis, up 174.7% from $0.91 per share in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in two of its last four quarters, while missing on two other occasions.
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