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Targa lifts 2026 earnings outlook and targets 20% dividend increase

Targa Resources delivered a sharp year-on-year earnings rise and lifted its 2026 adjusted EBITDA outlook to at least US$6.0 billion. The midstream operator is also preparing to recommend a 20% increase in its 2027 common dividend, though heavy expansion spending is keeping free cash flow tight.
Victor Sage
5 Nov 2026