Inside the research
Targa Resources Corp.
TRGP Research profile · latest available data
Price overview
$277.84
▼ -5.31 (-1.9%)
| 52w hi | $302.25 |
|---|---|
| 52w lo | $143.22 |
| Vol | 941.30K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.48
| Short | +0.41 |
|---|---|
| Medium | +0.62 |
| Long | +0.37 |
computed 2026-09-27
Key fundamentals
Targa Resources Corp.
Energy · Oil & Gas Midstream
| Market cap | $59.58B |
|---|---|
| Enterprise value | $79.16B |
| Trailing P/E | 26.59x |
| Forward P/E | 23.00x |
| EV / EBITDA | 14.40x |
| P / S (ttm) | 3.56x |
| Profit margin | 13.5% |
| Return on equity | 70.8% |
| Revenue growth | +4.2% |
| Earnings growth | +23.3% |
| Debt / equity | 515.79 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | +0.09 | |
| Technical | +0.33 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.70 |
|---|---|
| Corr SPX | 0.34 |
| Annual vol | 32.8% |
| Annual ret | +35.3% |
| Sharpe | 1.08 |
| Max DD | -32.6% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $269.95 |
|---|---|
| High / Low | $327.00 / $236.00 |
| Median | $269.00 |
| Analysts | 20 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 14 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | Wells Fargo | → Overweight |
| 2026-05-04 | Seaport Global | → Neutral |
| 2026-04-20 | Goldman Sachs | → Buy |
| 2026-04-13 | Truist Securities | → Buy |
| 2026-04-13 | Scotiabank | → Sector Outperform |
| 2026-04-13 | RBC Capital | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-06 | Earnings Release, Reg FD Disclosure… | read |
| 2026-07-17 | Officer / Director Change, Exhibits | read |
| 2026-07-06 | Material Agreement, Exhibits | read |
| 2026-05-22 | Shareholder Vote | read |
| 2026-05-07 | Earnings Release, Reg FD Disclosure… | read |
| 2026-03-02 | Material Agreement, Material Obligation… | read |
| 2026-02-26 | Reg FD Disclosure, Other Material Event… | read |
| 2026-02-19 | Earnings Release, Reg FD Disclosure… | read |
| 2025-11-12 | Material Agreement, Material Obligation… | read |
| 2025-11-07 | Reg FD Disclosure, Other Material Event… | read |
| 2025-11-05 | Earnings Release, Reg FD Disclosure… | read |
| 2025-08-07 | Earnings Release, Reg FD Disclosure… | read |
Dividends
| Yield (TTM) | 1.17% |
|---|---|
| $ / share (TTM) | $3.25 |
| 5y CAGR | +25.4% |
Annual dividend per share
| 2021 | $0.40 |
|---|---|
| 2022 | $1.40 |
| 2023 | $1.85 |
| 2024 | $2.75 |
| 2025 | $3.75 |
| 2026 | $2.25 |
SEC Filings
The Long Run
FY 2012–2025 · 13 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $280.84 | $283.71 | $274.87 | $277.84 | 941.30K |
| Sep 24 | $285.11 | $285.80 | $281.41 | $283.15 | 978.40K |
| Sep 23 | $284.57 | $289.96 | $282.72 | $283.01 | 1.06M |
| Sep 22 | $284.60 | $293.61 | $281.00 | $282.15 | 1.14M |
| Sep 21 | $288.76 | $292.12 | $287.50 | $289.36 | 1.27M |
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