Targa Resources Corp

TRGP remains in a Stage 2 uptrend with bullish medium-term bias confirmed by higher highs and higher lows. However, price is extended above rising EMAs and in extreme overbought territory. Tactical entries are deferred until a shallow pullback into the rising 9/21/50 EMA zone or prior consolidation area is accepted.

• ↑Record Q1 adjusted EBITDA of $1.4B (+5% sequential) underscores operational strength.
• ↑Upgraded full-year 2026 EBITDA guidance to $5.7–$5.9B, $300M above prior outlook.
• ↓Leverage remains elevated, limiting financial flexibility during downturns.