)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Targa Resources
Targa Resources (TRGP) investor relations material
Targa Resources Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary18 Aug, 2026
Strategic positioning and growth
Holds the largest natural gas gathering and processing footprint in the Permian Basin, with a rapidly expanding NGL presence in Mont Belvieu.
Integrated wellhead-to-water infrastructure connects supply to domestic and global markets, supporting long-term growth.
Multi-year agreements with ExxonMobil and new processing plants strengthen growth trajectory and secure long-term volume commitments.
Outperformed basin-wide associated gas and crude growth, with a 21% Permian volume CAGR and 25% adjusted EBITDA CAGR over five years.
Positioned for deeper zone development, expanding supply potential and long-term growth rate.
Financial performance and capital returns
Adjusted EBITDA projected at $5.7–$5.9 billion for 2026, with net growth capital around $5 billion and maintenance capital at $250 million.
Post-Speedway, expects significant free cash flow generation, with adjusted free cash flow reaching ~$5 billion in 2026.
Returned $4.7 billion to shareholders since 2020 through dividends and share repurchases, with a 52% CAGR in annual capital returns.
Plans to return 40–50% of adjusted CFFO to shareholders over a multi-year horizon, with 25% dividend growth in 2026 and leverage at 3.4x.
Reduced share count by 11% since 2020, with annual dividends per share growing 25% year-over-year.
Operational excellence and infrastructure expansion
Operates 53 gas processing plants with over 11 Bcf/d capacity and 9 gas treating wells, integrated with pipelines, storage, fractionation, and export facilities.
Expanding NGL transportation with the Speedway pipeline, increasing capacity to 1,000 MBbl/d by 2027.
Enhancing residue gas connectivity with new pipelines and system expansions, supporting over 6 Bcf/d across 32 plants.
Investing in multiple new processing plants and fractionators, with several projects in service or underway through 2028.
LPG export capacity set to reach 19 MMBbl/month, supporting resilient exports amid global demand growth.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Targa Resources
- Record Q2 earnings and EBITDA surged on Permian growth, margin expansion, and asset additions.TRGP
Q2 2026 - Record Q1 2026 earnings and raised outlook fueled by Permian growth and infrastructure expansion.TRGPQ1 2026
- Strong Permian growth, rising cash flows, and major expansion projects drive robust shareholder returns.TRGPInvestor presentation
- Annual meeting to vote on directors, auditor, and executive pay, with flexible voting options.TRGPProxy filing
- Record 2025 performance, strong governance, and leading ESG drive positive shareholder engagement.TRGPProxy filing
- Record 2025 earnings and 2026 outlook driven by Permian growth, system expansions, and higher dividends.TRGPQ4 2025
- Q2 2024 adjusted EBITDA surged 25% to $984M, with raised guidance and major Permian expansion.TRGPQ2 2024
- Q3 2024 net income up 76% and EBITDA up 27%, with a 33% dividend hike planned for 2025.TRGPQ3 2024
- Record EBITDA, major expansions, and strong capital returns drive robust 2025 outlook.TRGPQ4 2024
Next Targa Resources earnings date
Q3 20265 Nov, 2026
Targa Resources
Next Targa Resources earnings date
Q3 20265 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Targa Resources Corp. is a midstream energy company that provides natural gas and natural gas liquids (NGL) services. The company's operations include gathering, compressing, treating, processing, transporting, and selling natural gas, as well as fractionating and transporting NGLs. Targa Resources serves energy producers and markets by offering infrastructure and logistics solutions to connect supply with downstream demand. Its assets are strategically located in key energy-producing regions across the United States. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.