TRGP

Targa Resources
D

TRGP

Arincen63/100B

Targa Resources earnings

Targa Resources reports its Q4 FY2026 results on 18 February 2027, before the market opens. Analysts expect earnings per share of 2.91 USD and revenue of 5.19B USD.

In Q3 FY2026, reported on 5 November 2026, Targa Resources earned 3.04 USD a share against the 2.74 USD analysts expected (+10.9%), on revenue of 5.60B USD against 4.77B USD (+17.4%).

Last EPS surprise
+10.9%
Last revenue surprise
+17.4%
Move after the last report
-4.6%
Average move after earnings
3.3%

EPS and revenue against estimates

Next earnings · Q4 FY2026
EPS estimate
2.91 USD
Revenue estimate
5.19B USD
Last quarter · Q3 FY2026
EPS3.04Beat +10.9%Revenue5.60BBeat +17.4%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growthNext-day move
Q4 FY20262.91——+15.94%5.19B——+27.89%—
Q3 FY20262.743.04+10.95%+38.18%4.77B5.60B+17.43%+33.25%-4.6%
Q2 FY20262.833.54+25.09%+23.34%4.90B4.44B-9.34%+10.28%+3.2%
Q1 FY20262.482.21-10.89%+142.86%4.68B4.09B-12.44%-10.23%+1.2%
Q4 FY20252.302.51+9.13%+74.31%4.73B4.06B-14.25%-7.94%-1.5%
Q3 FY20252.112.20+4.27%+25.71%4.56B4.20B-7.90%+9.08%+5.2%
Q2 FY20251.862.87+54.30%+115.79%4.89B4.03B-17.65%+11.26%+2.3%
Q1 FY20251.980.91-54.04%-25.41%4.90B4.56B-6.88%-0.78%-5.0%
Q4 FY20241.921.44-25.00%+14.29%4.48B4.41B-1.57%+4.10%-2.6%
Q3 FY20241.561.75+12.18%+80.41%4.06B3.85B-5.13%-1.15%+4.9%
Q2 FY20241.271.33+4.72%-7.64%4.47B3.62B-19.11%+6.31%+0.6%
Q1 FY20241.301.22-6.15%+3,966.67%4.30B4.60B+6.92%+1.70%+0.4%
Q4 FY20231.461.26-13.70%-8.70%3.85B4.23B+9.91%-79.78%+5.5%
Q3 FY20231.200.97-19.17%+15.48%4.57B3.90B-14.72%-27.30%—
Q2 FY20231.241.44+16.13%-10.56%4.36B3.40B-21.99%-43.79%—
Q1 FY20231.400.03-97.86%-50.00%5.30B4.52B-14.71%-8.84%—
Q4 FY20221.291.38+6.98%+170.59%5.73B20.93B+265.25%+284.63%—
Q3 FY20221.230.84-31.71%+27.27%6.71B5.36B-20.09%+20.19%—
Q2 FY20221.061.61+51.89%+973.33%5.75B6.06B+5.25%+77.28%—
Q1 FY20220.890.06-93.26%-88.68%4.94B4.96B+0.45%+36.51%—
Q4 FY20210.650.51-21.54%—4.48B5.44B+21.48%+111.50%—
Q3 FY20210.530.66+24.53%+312.50%3.50B4.46B+27.59%+110.85%+1.9%
Q2 FY20210.270.15-44.44%-28.57%2.96B3.42B+15.47%+124.21%+2.3%
Q1 FY20210.170.53+211.76%-22.06%2.41B3.63B+50.94%+77.30%+2.1%
Q4 FY20200.25-0.04-116.00%-128.57%5.79B2.57B-55.53%+4.00%-4.7%
Q3 FY20200.100.16+60.00%—1.32B2.12B+60.01%+11.17%+6.0%
Q2 FY2020-0.240.21+187.50%—943.12M1.52B+61.54%-23.65%-3.9%
Q1 FY2020-0.100.68+780.00%—18.87M2.05B+10,757.14%-10.89%+15.3%
Q4 FY2019-0.070.14+300.00%+7.69%279.31M2.47B+785.71%-4.77%+6.7%
Q3 FY2019-0.22-0.34-54.55%—1.18B1.90B+61.90%-36.29%+0.9%
Q2 FY2019-0.33-0.18+45.45%-151.43%3.21B2.00B-37.93%-18.37%+5.4%
Q1 FY2019-0.14-0.30-114.29%—766.47M2.30B+200.00%-6.36%-3.7%
Q4 FY20180.010.13+2,238.13%—43.29M2.60B+5,900.00%-3.89%+3.7%
Q3 FY20180.07-0.24-442.86%—746.60M2.99B+300.00%+40.09%-1.3%
Q2 FY2018-0.050.35+800.00%+150.00%209.52M2.44B+1,066.67%+30.88%-1.3%
Q1 FY2018-0.01-0.03-284.12%—818.53M2.46B+200.00%+16.24%-2.5%
Q4 FY2017-0.00-0.07-1,520.37%-333.33%337.85M2.70B+700.00%+34.29%+4.4%
Q3 FY2017-0.10-0.15-50.00%—257.69M2.13B+727.27%+29.02%+2.5%
Q2 FY2017-0.140.14+200.00%—1.87B1.87B0.00%+17.94%+0.0%
Q1 FY2017-0.01-0.77-6,690.12%-552.94%27.44M2.11B+7,600.00%+46.46%-11.1%
Q4 FY20160.060.03-50.00%-93.75%102.33M2.01B+1,866.76%+22.17%+0.3%
Q3 FY2016-0.10-0.23-130.00%-200.00%431.03M1.65B+283.33%+1.24%-2.0%
Q2 FY2016-0.07-0.33-371.43%-213.79%383.90M1.58B+312.50%-6.81%+3.0%
Q1 FY2016-0.130.17+230.77%-69.09%2.40B1.44B-40.00%-14.13%+2.8%
Q4 FY20150.490.48-2.04%-21.31%1.68B1.65B-2.04%-18.96%+9.8%
Q3 FY20150.570.23-59.65%-68.49%4.04B1.63B-59.65%-28.68%-12.6%
Q2 FY20150.630.29-53.97%-53.97%3.97B1.70B-57.14%-17.58%-1.6%
Q1 FY20150.630.55-12.70%+17.02%15.60B1.68B-89.23%-28.61%-1.3%
Q4 FY20140.630.61-3.17%+27.08%2.10B2.03B-3.17%-5.88%+0.7%
Q3 FY20140.650.73+12.31%+87.18%2.04B2.29B+12.31%+46.99%-5.8%
Q2 FY20140.600.63+5.00%+75.00%1.91B2.06B+8.21%+43.03%+1.5%
Q1 FY20140.620.47-24.19%+46.87%3.03B2.35B-22.27%+68.33%-1.1%
Q4 FY20130.520.48-7.69%0.00%2.28B2.16B-5.26%+41.41%+2.0%
Q3 FY20130.440.39-11.36%+85.71%1.65B1.56B-5.87%+11.72%+2.1%
Q2 FY20130.280.36+28.57%+71.43%991.10M1.44B+45.45%+9.29%+2.0%
Q1 FY20130.230.32+39.13%+39.13%1.00B1.40B+39.13%-15.07%+2.4%
Q4 FY20120.210.48+128.57%+140.00%1.08B1.53B+41.41%-21.03%+1.0%
Q3 FY20120.170.21+23.53%+75.00%1.13B1.39B+23.53%-18.68%+0.1%
Q2 FY20120.240.21-12.50%-16.00%1.51B1.32B-12.50%-23.65%+1.2%
Q1 FY20120.260.23-11.54%+43.75%1.86B1.65B-11.54%+1.71%-1.8%
Q4 FY20110.220.20-9.09%—2.13B1.93B-9.09%+58.52%+2.0%
Q3 FY20110.270.12-55.56%—3.86B1.71B-55.56%—+0.1%
Q2 FY20110.200.25+25.00%—1.38B1.73B+24.96%+39.32%-13.2%
Q1 FY20110.210.16-23.81%—2.13B1.62B-23.86%—-2.0%
Q4 FY2010—-0.19—-104.52%—1.53B—+9.79%+0.5%
Q4 FY20100.26-0.68-361.54%-116.27%6.34B1.22B-80.77%-12.29%+0.3%
Q2 FY2010—-0.27———1.24B———
Q4 FY2009—0.52———1.48B———
Q4 FY2009—4.18———1.39B———
Q3 FY2009—-0.13———1.13B———

The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.

Beat record

On average, analysts' EPS estimate was 19.2% off the result, either way, and their revenue estimate 10.7%, over the last 12 quarters.

EPS beats
28 / 64
Revenue beats
33 / 64
Average EPS surprise, last 12
+0.9%
Since
February 2011

See also:Forecast,EPS,Income statement

Common questions about Targa Resources's earnings

Source: Financial Modeling Prep