Targa Resources/$TRGP
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Capital at risk
About Targa Resources
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
- Ticker
- $TRGP
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 3,570
- Headquarters
- Houston, United States
- Website
- www.targaresources.com
Targa Resources Metrics
BasicAdvanced
$61B
27.31
$10.44
0.72
$4.50
1.75%
Price and volume
Market cap
$61B
Beta
0.72
52-week high
$307.94
52-week low
$144.14
Average daily volume
1.1M
Dividend rate
$4.50
Financial strength
Current ratio
0.771
Quick ratio
0.611
Long term debt to equity
5.011
Total debt to equity
5.158
Dividend payout ratio (TTM)
40.63%
Interest coverage (TTM)
4.26%
Profitability
EBITDA (TTM)
5,497.7
Gross margin (TTM)
43.19%
Net profit margin (TTM)
13.54%
Operating margin (TTM)
22.96%
Effective tax rate (TTM)
21.32%
Revenue per employee (TTM)
$4,690,000
Management effectiveness
Return on assets (TTM)
9.24%
Return on equity (TTM)
70.84%
Valuation
Price to earnings (TTM)
27.305
Price to revenue (TTM)
3.658
Price to book
16.72
Price to tangible book (TTM)
39.4
Price to free cash flow (TTM)
82.666
Free cash flow yield (TTM)
1.21%
Free cash flow per share (TTM)
3.448
Dividend yield (TTM)
1.58%
Forward dividend yield
1.75%
Growth
Revenue change (TTM)
-1.97%
Earnings per share change (TTM)
50.07%
3-year revenue growth (CAGR)
-2.09%
10-year revenue growth (CAGR)
10.26%
3-year earnings per share growth (CAGR)
41.47%
10-year earnings per share growth (CAGR)
48.25%
3-year dividend per share growth (CAGR)
38.33%
10-year dividend per share growth (CAGR)
2.14%
What the Analysts think about Targa Resources
Analyst ratings (Buy, Hold, Sell) for Targa Resources stock.
Analyst projections of the future price of Targa Resources stock.
Bulls say / Bears say
Targa delivered record second-quarter 2026 adjusted EBITDA of $1.6 billion, up 38% year over year, with record Permian inlet, NGL transportation, fractionation, and LPG export volumes. Management also expects full-year EBITDA toward the top of its $5.7 billion-$5.9 billion range. (Targa Resources)
The new ExxonMobil agreements provide 20-year, fee-based commitments covering gathering, processing, NGL transportation, and fractionation through 2046. The contracts add long-term volume visibility and support further utilization of Targa’s integrated Permian and Mont Belvieu assets. (Targa Resources)
Operational execution and shareholder returns are improving: Targa brought its East Driver plant online ahead of schedule, started Train 11 and the Delaware Express expansion, and raised its quarterly dividend 25% to an annualized $5.00 per share. (Targa Resources)
Targa’s growth program is becoming more capital-intensive: after previously guiding to approximately $4.5 billion of 2026 growth capex, it raised the estimate to about $5.0 billion following the ExxonMobil expansion. This increases execution risk and could constrain near-term free cash flow. (Targa Resources)
Balance-sheet pressure remains material, with $19.6 billion of consolidated debt at June 30, 2026 and $464 million of net interest expense in the first half. Higher borrowing costs could limit flexibility if project spending or commodity conditions weaken. (Targa Resources)
Despite record volumes, Targa reported that lower natural-gas prices and negative Waha prices caused temporary producer curtailments in the Permian. This highlights ongoing exposure to commodity-price volatility and regional infrastructure bottlenecks. (Targa Resources)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
Targa Resources Financial Performance
Revenues and expenses
Targa Resources Earnings Performance
Company profitability
Upcoming events
No upcoming events
Targa Resources News
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Funds containing Targa Resources
AllUSDEURGBP
Fund name | Fund size | $TRGP weighting |
|---|---|---|
iShares S&P 500 Energy Sector$IUES | $1.8B | 2.62% |
iShares S&P 500 Energy Sector€QDVF | €1.5B | 2.62% |
iShares S&P 500 Energy Sector£IESU | £1.3B | 2.62% |
iShares Global Infrastructure€INFR | €2.1B | 1.90% |
iShares MSCI USA ESG Enhanced€OM3L | €16B | 0.37% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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