| TRGP |
Report |
Adjusted EBITDA |
BEAT |
pred ~$1.500B vs. cons $1.468B |
MEDIUM |
| TRGP |
Report |
Permian inlet volumes |
IN-LINE |
pred ~7,080 MMcf/d vs. cons 7,034 MMcf/d |
MEDIUM |
| TRGP |
Report |
Fractionation volumes |
IN-LINE |
pred ~1.245 MMBbl/d vs. cons 1.234 MMBbl/d |
MEDIUM |
| TRGP |
Guide |
Adjusted EBITDA (FY26) |
LOWER |
guide ~$5.7-$5.9B; midpoint $5.80B vs. cons $5.867B |
MEDIUM |
| TRGP |
Guide |
Marketing/optimization (H2 2026) |
UNCHANGED |
reiterate opportunity, but narrower basis limits incremental upside; cons UNVERIFIED |
LOW |
| TRGP |
Guide |
Permian volume commentary (H2 2026) |
UNCHANGED |
maintain low-double-digit growth framing; cons UNVERIFIED |
LOW |
| TRGP |
Return |
Day-1 residual (stock − beta × S&P 500) |
-1.0% |
— |
LOW |
| TRGP |
Return |
5-day cumulative residual |
-3.0% (FOLLOW-THROUGH) |
FOLLOW-THROUGH — implicit H2 EBITDA shortfall pressures estimates |
LOW |