The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

TRGP

Concerning the House

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

United States · www.targaresources.com

The Long Run

FY 2012–2025 · 13 years

LineLatestCAGRTrend
Revenue$16.38B+16.1%
Gross profit$574.40M-7.0%
Operating income$2.63B+29.6%
Net income$1.92B+71.6%
Cash from ops$3.21B+28.6%
Quotation

$266.88

-1.79 (-0.7%)

52w hi$284.25
52w lo$143.22
Vol693.46K
As ofAug 13
The Verdict

Hold

Our score +0.31

Short+0.14
Medium+0.45
Long+0.36

computed 2026-08-13

By the Numbers

Targa Resources Corp.

Energy · Oil & Gas Midstream

Market cap$57.23B
Enterprise value$77.20B
Trailing P/E25.54x
Forward P/E22.20x
EV / EBITDA14.04x
P / S (ttm)3.42x
Profit margin13.5%
Return on equity70.8%
Revenue growth+4.2%
Earnings growth+23.3%
Debt / equity515.79
Risk Metrics
Beta vs SPX0.72
Corr SPX0.36
Annual vol32.2%
Annual ret+38.7%
Sharpe1.20
Max DD-32.6%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.22
Sector+0.13
Technical+0.15
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$267.18$270.55$265.66$266.88693.46K
Aug 12$266.89$269.86$265.82$268.67797.50K
Aug 11$265.91$269.68$265.33$265.45848.80K
Aug 10$258.73$266.35$257.50$266.21892.80K
Aug 7$263.76$267.48$255.08$256.871.64M