$TRGP (Targa Resources) — 8-K: Record adjusted EBITDA of $1.6 billion, up 38% YoY

Second quarter 2026 net income was $765 million, up from $629 million a year ago. Adjusted EBITDA reached a record $1,603 million, a 38% increase over the prior year and 14% higher sequentially. Full year 2026 adjusted EBITDA is now expected toward the top end of the $5.7 billion to $5.9 billion range. The quarterly dividend was raised 25% to $1.25 per share.

Second quarter 2026 net income was $765 million, up from $629 million a year ago. Adjusted EBITDA reached a record $1,603 million, a 38% increase over the prior year and 14% higher sequentially. Full year 2026 adjusted EBITDA is now expected toward the top end of the $5.7 billion to $5.9 billion range. The quarterly dividend was raised 25% to $1.25 per share.