Targa Resources Corp, valued at $37.1 billion, is set to announce its Q2 earnings for 2025 on Aug. 7. Analysts predict a profit of $1.93 per share, a 45.1% increase from last year. For fiscal 2025, profit is expected to be $7.19 per share, growing to $9.74 in 2026.

TRGP shares have surged 25.7% in the past year, outperforming the S&P 500 and XLE. Despite Q1 revenue falling short by 13.2%, adjusted EBITDA increased by 22% to $1.2 billion. Analysts have a “Strong Buy” rating on TRGP with a mean price target of $206.95.

Following Q1 earnings release, TRGP shares dropped 5%. Despite revenue declining, adjusted EBITDA reached a Q1 record of $1.2 billion, with adjusted cash flow from operations improving by 31.4%. TRGP reaffirmed its fiscal 2025 adjusted EBITDA guidance of $4.7 billion to $4.9 billion.

Read more at Yahoo Finance: Targa Resources Earnings Preview: What to Expect