Equity Profile
Pre-Earnings Brief
Targa Resources Corp (TRGP) operates in the energy sector, focusing on oil and gas storage and transportation. With a market cap of $52 billion, the company plays a crucial role in the energy supply chain, especially as demand for energy resources continues to evolve.
EPS
Earnings per share is a key indicator of profitability and will show how well Targa has managed costs and revenues this quarter.
Revenue
Total revenue is essential for understanding the overall sales performance and market demand for Targa's services.
Wall Street expectations, options signals, track record, and call prep available with Pro.
EPS Beat Streak
1Q
EPS Beat Rate
50%
Avg EPS Surprise
-21.21%
Avg Stock Reaction
-1.28%
In the last quarter, Targa reported an EPS of $0.48, exceeding expectations by nearly 16%. The stock reacted positively, gaining nearly 10% the following day.
Management Promises & Guidance
Analysts are cautiously optimistic about Targa's upcoming earnings, expecting solid EPS and revenue figures. However, the company has a mixed earnings history, which adds uncertainty.
Bull Case
If Targa can exceed the consensus EPS and revenue estimates, it could signal strong operational performance and increased investor confidence.
Bear Case
Conversely, if Targa misses expectations, it may indicate ongoing challenges in the energy sector, leading to a negative market reaction.
EPS
$2.60Earnings per share is a key indicator of profitability and will show how well Targa has managed costs and revenues this quarter.
Revenue
$4.8BTotal revenue is essential for understanding the overall sales performance and market demand for Targa's services.
Expectations
The print will turn on these two things.
Q1
Will Targa achieve an EPS of $2.60 or higher?
This figure is critical as it will indicate the company's ability to manage costs and generate profits amidst market fluctuations.
Q2
What revenue figure will Targa report compared to the $4.8B consensus?
Revenue performance will reflect demand for Targa's services and overall market conditions in the energy sector.
Edge
Why consensus could be wrong
The consensus may underestimate Targa's ability to leverage operational efficiencies, potentially leading to better-than-expected earnings.
Supporting Evidence
Targa's recent positive earnings surprise suggests improved operational performance.
The options market indicates heightened volatility, which could reflect investor optimism not captured in consensus estimates.
Key Risk
If Targa's revenue comes in significantly below $4.8B, it could challenge the current optimistic outlook.
Edge
Pre-commit to what would confirm each case.
This quarter's performance is crucial for assessing Targa's resilience in a fluctuating energy market.
Bull Confirmed If
An EPS of $2.60 or higher with revenue exceeding $4.8B would confirm strong operational performance.
Bear Confirmed If
An EPS below $2.49 or revenue below $3.7B would indicate ongoing challenges and could lead to a negative market reaction.
Pre-Earnings Positioning
Implied Move
±8.03%
Historical Avg
±4.3%
The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings announcement.
Options are pricing ±8.0% while TRGP has averaged ±4.3% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
23.1%
Edge
Smart-money positioning from the most recent 13F filings.
Institutional
95.97%
of float
Insider
1.39%
of float
Holders
1,335
institutions
Top Holders· as of Dec 2025
Vanguard Group Inc
28,161,938 sh · $6.8B
13.11%
-0.8%
Blackrock Inc.
19,768,842 sh · $4.8B
9.20%
-0.4%
Wellington Management Group, LLP
18,484,786 sh · $4.4B
8.61%
-5.9%
State Street Corporation
12,668,233 sh · $3.0B
5.90%
1.3%
Harris Associates L.P.
9,729,925 sh · $2.3B
4.53%
134.2%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Preparation
Likely market behavior by outcome — not investment advice.
Beat & Raise
If Targa beats expectations, history suggests a positive reaction, potentially leading to a 1.58% increase in stock price.
In-Line / Cautious
A cautious in-line report could lead to muted stock movement as investors await further clarity from management.
Miss
If Targa misses expectations, the stock could drop, with historical data indicating an average decline of 4.15%.
Preparation
House & Senate STOCK Act disclosures over the trailing 6 months.
Trades
5
4 buys·1 sell
Members
1
House only
Est. Notional
$5,005.00–$75,000.00
disclosed dollar ranges
Most Active Members
5 trades
Mixed
Recent Transactions
Traded Feb 10, 2026 · disclosed Mar 9, 2026
$1,001.00–$15,000.00
Traded Jan 9, 2026 · disclosed Feb 13, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.
Preparation
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
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AXSOME THERAPEUTICS
Traded Dec 19, 2025 · disclosed Jan 12, 2026
$1,001.00–$15,000.00
Traded Nov 18, 2025 · disclosed Dec 15, 2025
$1,001.00–$15,000.00
Traded Nov 12, 2025 · disclosed Dec 15, 2025
$1,001.00–$15,000.00