Targa Resources (TRGP) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.96
- Estimate
- $2.86
- Surprise
- +3.6%
- Revenue (period 2026-09-30)
- $5.60B
- Score today
- 5.5/10
Revenue source: xbrl.
How the report landed
Targa Resources (TRGP) beat the $2.86 estimate with adjusted EPS of $2.96 — a clear 3.6% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates TRGP Sell at 5.5/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +3.6% surprise compares with a +9.3% four-quarter average.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (4/4)
What argues against it
- Thin upside margin: 9.3%
- Leverage penalty (D/E 5.2): -1.5
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $271.89
- Price target
- $297.17
- Stop
- $261.60
- Upside to target
- +9.3%
- Reward-to-risk
- 1.2:1
At 24.1× trailing and 22.4× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — shown for context, not personalized investment advice.
TRGP at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $58.29B
- P/E (fwd)
- 22.4
- P/E (ttm)
- 24.1
- 52-week range
- $163.78–$316.60
- Off 52-week high
- 14.1%
- RSI (14)
- 39
- Volume vs avg
- 0.51×
- Score today
- 5.5/10