TRGP Q2 2026: Net income +21.5% to $764.6M on 4.2% revenue growth; buybacks slow 84%

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Share repurchases slowed sharply to 308K shares in Q2 2026 vs 1.96M in Q2 2025 (down 84%), despite $1.24B remaining authorization, as average repurchase price rose 46-62% to $245-271 per share.

  Other: Share Repurchase Activity view on EDGAR →
• high

  Total debt increased $2.73B (+16%) to $19.58B, driven by $1.5B senior notes issuance (4.350% due 2031, 6.050% due 2056), $464.6M compressor lease amendment extending through 2036, and $451M drawn on Securitization Facility.

  Notes: Debt Obligations verify on EDGAR →
• high

  Acquired Stakeholder Midstream for $1.25B in January 2026, adding 480 miles of Permian gas pipelines, 180 MMcf/d processing capacity, and carbon capture assets generating 45Q tax credits; funded with $650M commercial paper and $600M securitization borrowings.

  Notes: Stakeholder Acquisition verify on EDGAR →