Targa Resources raises 2026 adjusted EBITDA outlook to more than $6 billion

• Targa Resources raised its 2026 adjusted EBITDA outlook to more than $6 billion, implying growth above 21%.
• The outlook reflects strong first-half marketing opportunities, Permian gathering and processing growth, and record integrated NGL system volumes.
• Net growth capital spending is projected at approximately $5 billion, with net maintenance capital spending of $250 million.
• Dividend growth of 20% is expected in 2027.
• Shareholder returns are expected to total 40%-50% of adjusted cash flow from operations over a multiyear horizon.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Targa Resources Corp. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.