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Targa Resources (TRGP) Q1 2026 (USD): adj. EBITDA 1.4bln (exp. 1.34bln), Revenue 4.09bln (exp. 4.71bln)

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Declared quarterly dividend of USD 1.25/shr (+25% Y/Y). Total Permian inlet volumes +12% Y/Y to 6,730MMcf/d. Fractionation volumes +17% to 1,145.2MBbl/d.  Completed Falcon II, East Pembrook and Train 11, is starting up its Delaware Express NGL Pipeline expansion, and announced Roadrunner III and Copperhead II.  GUIDANCE: Sees FY adj. EBITDA between 5.7-5.9bln (exp. 5.5bln) Sees FY26 net growth capex approximately USD 4.5bln

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