A midstream energy company that gathers, treats, and processes natural gas and crude oil across major U.S. basins including the Permian, Eagle Ford, and Williston, and transports, fractionates, stores, and markets natural gas liquids (NGLs) — the building blocks for propane and butane — centered on the Mont Belvieu hub in Texas. Its Galena Park Marine Terminal on the Gulf Coast exports LPG worldwide, and it has expanded its Permian footprint through acquisitions of Targa Badlands and Stakeholder Midstream.
Targa Resources appoints Thomas Mathiasmeier to its Board of Directors
On July 16, 2026, Targa Resources Corp. appointed Thomas Mathiasmeier to its Board of Directors as a Class II Director with a term expiring at the 2027 annual meeting.
Show detailsHide details
Mathiasmeier also joined the Board's Audit Committee.
He recently retired as President, Global Gas, Power & Emerging Markets at ConocoPhillips in June 2026.
As a non-employee director, he will receive compensation per company policy, including an expected pro-rated restricted stock award of 477 shares under the 2010 Stock Incentive Plan.
The company entered into an indemnification agreement with Mathiasmeier on July 16, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Targa Resources extends receivables securitization facility to July 2027 and adds $200M uncommitted line
As of July 1, 2026, approximately $451 million of trade receivable purchases were outstanding under the facility.
Show detailsHide details
On July 1, 2026, Targa Resources Partners LP and its subsidiary Targa Receivables LLC entered into the Seventeenth Amendment to the Receivables Purchase Agreement.
The amendment extends the Facility Termination Date to July 30, 2027 and establishes an uncommitted $200 million line.
The facility is an accounts receivable securitization program with PNC Bank as administrator and letter of credit issuer.
The amendment is filed as Exhibit 10.1 to the Form 8-K.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
Targa Resources stockholders elect four Class I directors and approve auditor and executive pay at 2026 annual meeting.
Stockholders elected four Class I directors (Paul W. Chung, Charles R. Crisp, Laura C. Fulton, R. Keith Teague) to three-year terms expiring at the 2029 annual meeting.
Show detailsHide details
Targa Resources Corp. held its 2026 Annual Meeting of Stockholders on May 21, 2026.
PricewaterhouseCoopers LLP was ratified as the company's independent auditors for 2026, with 189,588,676 votes for.
The advisory 'say-on-pay' proposal for named executive officer compensation was approved, with 176,432,347 votes for.
The report was filed under Item 5.07 to disclose the final voting results of these stockholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Targa Resources completes $1.5B senior notes offering in two tranches
Targa Resources Corp. completed a public offering of $750.0 million 4.350% Senior Notes due 2031 and $750.0 million 6.050% Senior Notes due 2056 on March 2, 2026.
Show detailsHide details
The notes are fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiary guarantors.
The notes were issued under the base indenture dated April 6, 2022, as supplemented by the Thirteenth Supplemental Indenture dated March 2, 2026, with U.S. Bank Trust Company as trustee.
Net proceeds are expected to be used for general corporate purposes, including repaying commercial paper and other indebtedness, repurchasing or redeeming securities, and funding capital expenditures or investments.
The offering was made under a shelf registration statement on Form S-3ASR, with a prospectus supplement filed on February 26, 2026.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Targa Resources prices $1.5B senior notes offering in two tranches due 2031 and 2056
Targa Resources Corp. priced an underwritten public offering of $1.5 billion aggregate principal amount of senior notes on February 25, 2026.
Show detailsHide details
The offering consists of $750.0 million of 4.350% Senior Notes due 2031 and $750.0 million of 6.050% Senior Notes due 2056.
The 2031 Notes were priced at 99.812% of face value and the 2056 Notes at 99.975% of face value; the offering is expected to close on March 2, 2026.
The notes are fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiary guarantors.
Net proceeds will be used for general corporate purposes, including repaying commercial paper borrowings and other indebtedness, repurchasing or redeeming securities, or funding capital expenditures and working capital.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Targa Resources reports record Q4 and full-year 2025 results, guides 2026 adjusted EBITDA to $5.4-$5.6B
Q4 2025 net income attributable to Targa was $545 million, up from $351 million in Q4 2024; full-year 2025 net income was $1,923 million, up from $1,312 million in 2024.
Show detailsHide details
Q4 2025 adjusted EBITDA was $1,341 million, up 20% from $1,122 million in Q4 2024; full-year 2025 adjusted EBITDA was $4,957 million, up 20% from $4,142 million in 2024.
Full-year 2025 common share repurchases totaled $642 million; as of Dec 31, 2025, $1,374 million remained under the repurchase programs.
The company estimates 2026 adjusted EBITDA between $5.4 billion and $5.6 billion, and plans to recommend a 25% increase in the annual common dividend to $5.00 per share for 2026.
In January 2026, Targa completed the acquisition of Stakeholder Midstream for $1.25 billion in cash, and announced new growth projects including the Yeti II plant and Train 13 fractionator.
Total consolidated debt as of Dec 31, 2025 was $17,433 million, with liquidity of approximately $4.1 billion.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits