| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 4.2K | 2.6% | 7.8% |
| Total Income | 4.2K | 2.6% | 7.8% |
| Expenditure | 3.3K | 2.7% | 6.1% |
| PBT | 620.90 | 24.4% | 13.9% |
| Net Profit | 478.40 | 23.9% | 23.5% |
| OPM | 20.16% | 4.10pp | 1.25pp |
| NPM | 11.52% | 3.24pp | 1.47pp |
| EPS | 2.21 | 23.3% | 25.6% |
Targa Resources Corp. Reports Record Q3 2025 Results
04 May 2026 · 4 May, 7:54 am
Summary
Targa Resources Corp. reported record third quarter 2025 results, with net income attributable to Targa Resources Corp. at $478.4 million compared to $387.4 million for the third quarter of 2024. Adjusted EBITDA was $1,274.8 million, a 19% increase year over year. The company repurchased $156 million of common stock during the quarter and expects full year 2025 adjusted EBITDA to be around the top end of its $4.65 billion to $4.85 billion range. Targa also announced plans to increase its common dividend by 25% in 2026.
Key Highlights
- 1
Targa Resources Corp. reported a record adjusted EBITDA of $1.3 billion for the third quarter of 2025, a 19% increase year over year.
- 2
Net income attributable to Targa Resources Corp. was $478.4 million for the third quarter of 2025, compared to $387.4 million for the third quarter of 2024.
- 3
The company repurchased approximately $156 million of common stock during the third quarter of 2025, and $605 million for the nine months ended September 30, 2025.
- 4
Targa Resources Corp. estimates full year 2025 adjusted EBITDA to be around the top end of the $4.65 billion to $4.85 billion range.
- 5
The company expects to recommend to Targa’s Board of Directors an annual common dividend per share of $5.00 in 2026, a 25% increase to 2025.
- 6
Record Permian, NGL transportation, and fractionation volumes were achieved during the third quarter of 2025.
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