Targa Resources Corp.

Company facts

Industry

Natural Gas Transmission

Headquarters

Houston, Texas

Most recent report

8-K, filed Aug 25, 2026

Filings on record

1,002+ filings

On EDGAR

CIK 1389170

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 1 positive, 6 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Core financials with acquisitions, debt, and environmental contingency.
  Notable

  • Stakeholder Acquisition ($1.25B) funded with $650M commercial paper and $600M securitization.
  • AR securitization facility had $451M drawn, $149M remaining; amended in July to $800M.
  • Compressor lease amendment added $464.6M to finance lease assets and liabilities.
  • Dividend increased to $1.25 per share quarterly ($5.00 annualized) effective Q1 2026.
  Negative

  • NMED proposed civil penalty of $47.8M for air permit violations at Red Hills facility.

• Management's Discussion (Item 2)

  Full MD&A with specific financial results, segment data, project updates, and capital allocation.
  Positive

  • Share repurchases of $80.1M in Q2 2026; $1,238.5M remaining under programs.
  Notable

  • Stakeholder Midstream acquisition for $1.25B cash completed January 2026, adding Permian assets.
  • Issued $1.5B in senior notes in March 2026, net proceeds $1,483.2M, used to reduce commercial paper.
  Negative

  • Realized natural gas price was negative ($2.48/MMBtu) in Q2 2026 due to Permian Waha constraints.

What changed: Jun 2026 vs. Mar 2026

About 9% of TRGP's Jun 2026 10-Q is new information. 40 paragraphs were added, 131 changed, and 17 removed. Below are the most important lines SECSift identified.

• Item 1 54
• Item 2 53
• Item 3 9
• Item 6 3
• Item 4 2
• Item 5 1