The company said net income attributable to Targa Resources Corp. for Q3 2025 was $478.4 million, compared with $387.4 million a year earlier, and adjusted EBITDA was $1,274.8 million, compared with $1,069.7 million a year earlier.

1. 01

   The company said net income attributable to Targa Resources Corp. for Q3 2025 was $478.4 million, compared with $387.4 million a year earlier, and adjusted EBITDA was $1,274.8 million, compared with $1,069.7 million a year earlier.

2. 02

   Targa said it repurchased 932,023 shares of common stock at a weighted average price of $166.95 per share, for a total net cost of $155.6 million, in Q3 2025, and that the remaining amount under its Share Repurchase Programs was $1,410.6 million as of September 30, 2025.

3. 03

   The company said it expects full-year 2025 adjusted EBITDA to be around the top end of its $4.65 billion to $4.85 billion range. It also said it plans to recommend to its Board of Directors a dividend increase to $1.25 per common share, or $5.00 annualized, beginning in Q1 2026.

4. 04

   The company said total consolidated debt as of September 30, 2025 was $17,431.3 million, and total consolidated liquidity was approximately $2.3 billion, including $2.2 billion available under the TRGP Revolver and $124.1 million of cash.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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