Let X be a complex toric variety equipped with the action of an algebraic
torus T, and let G be a complex linear algebraic group. We classify all
T-equivariant principal G-bundles E over X and the morphisms
between them. When G is connected and reductive, we characterize the
equivariant automorphism group AutT​(E) of E as
the intersection of certain parabolic subgroups of G that arise naturally
from the T-action on E. We then give a criterion for the
equivariant reduction of the structure group of E to a Levi
subgroup of G in terms of AutT​(E). We use it to prove a
principal bundle analogue of Kaneyama's theorem on equivariant splitting of
torus equivariant vector bundles of small rank over a projective space. When
X is projective and G is connected and reductive, we show that the notions
of stability and equivariant stability are equivalent for any T-equivariant
principal G-bundle over X.Comment: 47 page