Targa Resources Reports Strong Financial Growth

By Chris Stiles • Thursday, February 19 15:56 • Permanent Link

Targa Resources Corp. has reported its financial results for the fourth quarter and full year 2025, showing significant growth compared to the same periods in 2024.

For the fourth quarter of 2025, the net income attributable to Targa Resources Corp. was $545 million, a substantial increase from the $351 million reported in the fourth quarter of 2024. Similarly, for the full year 2025, the net income attributable to Targa Resources Corp. was $1,923 million, compared to $1,312 million for 2024.

The company reported adjusted earnings before interest, income taxes, depreciation, and amortization (adjusted EBITDA) of $1,341 million for the fourth quarter of 2025, up from $1,122 million for the fourth quarter of 2024. For the full year 2025, the company reported adjusted EBITDA of $4,957 million compared to $4,142 million for 2024.

Targa Resources Corp. also highlighted several achievements, including record full year 2025 adjusted EBITDA of $4.96 billion, a 20% increase over 2024, and record fourth quarter 2025 adjusted EBITDA of $1.3 billion. Additionally, the company completed several key projects and acquisitions, contributing to its positive momentum.

Looking ahead, Targa estimates full-year 2026 adjusted EBITDA between $5.4 billion and $5.6 billion, representing an 11% increase over 2025. The company also expects to recommend to its board of directors an annual common dividend per share of $5.00 in 2026, marking a 25% increase over 2025.

Targa's financial position also showed strength, with total consolidated liquidity as of December 31, 2025, at approximately $4.1 billion. The company's total consolidated debt was reported at $17,433 million, with $17,079 million of outstanding senior unsecured notes.

These results indicate Targa Resources Corp.'s strong performance and strategic advancements, positioning the company for continued growth and financial stability in the coming year. As a result of these announcements, the company's shares have moved 1.88% on the market, and are now trading at a price of $185.35. For the full picture, make sure to review Targa Resources's 8-K report.

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