| TRGP |
Report |
Adjusted EBITDA |
BEAT |
pred ~$1.535B vs. cons $1.485B |
MEDIUM |
| TRGP |
Report |
Permian inlet volumes |
IN-LINE |
pred ~6.99 Bcf/d vs. cons 6.97 Bcf/d |
MEDIUM |
| TRGP |
Report |
LPG export volumes |
BEAT |
pred ~485 Mbbl/d vs. cons 475 Mbbl/d |
MEDIUM |
| TRGP |
Guide |
Adjusted EBITDA guidance |
BETTER |
guide ~$6.0B midpoint vs. cons $5.834B (FY2026) |
MEDIUM |
| TRGP |
Guide |
Net growth capital expenditures |
UNCHANGED |
guide ~$4.5B vs. cons $4.5B (FY2026) |
HIGH |
| TRGP |
Guide |
Permian inlet-volume growth |
UNCHANGED |
guide ~11% vs. cons 11% (FY2026) |
MEDIUM |
| TRGP |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.8% |
— |
MEDIUM |
| TRGP |
Return |
5-day cumulative residual |
+2.4% (FADE) |
The initial ~+3.8% day-1 residual should fade to ~+2.4% cumulatively by day 5: a beat and FY2026 raise support estimates, but the raise is likely partly Waha-marketing driven, while normalization of optimization margins limits out-period revisions despite stronger core volumes and project execution. |
MEDIUM |