Targa Resources/$TRGP
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About Targa Resources
Targa Resources is a midstream firm that primarily 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.
Ticker
$TRGP
Sector
Primary listing
NYSE
Employees
3,370
Headquarters
Website
Targa Resources Metrics
BasicAdvanced
$37B
24.78
$6.95
1.13
$3.50
2.32%
Price and volume
Market cap
$37B
Beta
1.13
52-week high
$218.51
52-week low
$144.30
Average daily volume
1.5M
Dividend rate
$3.50
Financial strength
Current ratio
0.695
Quick ratio
0.479
Long term debt to equity
593.136
Total debt to equity
621.469
Dividend payout ratio (TTM)
43.77%
Interest coverage (TTM)
3.86%
Profitability
EBITDA (TTM)
4,491.4
Gross margin (TTM)
35.70%
Net profit margin (TTM)
9.59%
Operating margin (TTM)
17.60%
Effective tax rate (TTM)
20.68%
Revenue per employee (TTM)
$5,070,000
Management effectiveness
Return on assets (TTM)
8.39%
Return on equity (TTM)
50.39%
Valuation
Price to earnings (TTM)
24.782
Price to revenue (TTM)
2.196
Price to book
14.34
Price to tangible book (TTM)
47.96
Price to free cash flow (TTM)
87.746
Free cash flow yield (TTM)
1.14%
Free cash flow per share (TTM)
1.962
Dividend yield (TTM)
2.03%
Forward dividend yield
2.32%
Growth
Revenue change (TTM)
5.03%
Earnings per share change (TTM)
46.19%
3-year revenue growth (CAGR)
-6.53%
10-year revenue growth (CAGR)
8.29%
3-year earnings per share growth (CAGR)
96.74%
10-year earnings per share growth (CAGR)
15.77%
3-year dividend per share growth (CAGR)
44.92%
10-year dividend per share growth (CAGR)
0.86%
What the Analysts think about Targa Resources
Analyst ratings (Buy, Hold, Sell) for Targa Resources stock.
Bulls say / Bears say
Targa beat second-quarter adjusted core profit estimates with EBITDA rising 18% year-over-year to $1.16 billion versus analysts’ $1.14 billion consensus, reflecting strong operational execution (Reuters).
Permian natural gas inlet volumes reached a record 6.28 billion cubic feet per day (up 11%) and NGL pipeline volumes surged 23% to 961,200 barrels per day, underpinning fee-based revenue growth and stability (Reuters).
Targa accelerated commissioning of critical Permian expansions—Pembrook II and Bull Moose II plants—and brought forward its Delaware Express pipeline and Train 11 fractionator schedules, which should boost midstream capacity and cash flows from early 2026 (Targa Q2 Press Release).
Targa’s total consolidated debt rose to $16.21 billion as of March 31, 2025, up from $14.17 billion at year-end 2024, raising concerns over elevated leverage amid ongoing industry volatility (SEC 10-Q).
The company increased its 2025 net growth capital expenditures guidance to approximately $3.0 billion—higher than prior estimates of $2.6–2.8 billion—which may constrain free cash flow and delay deleveraging efforts (Targa Q2 Press Release).
Second-quarter EBITDA gains were offset by lower marketing margins, lower commodity prices and an 11% rise in operating expenses, indicating margin volatility and cost pressures could impair profitability if commodity markets weaken (Targa Q2 Press Release).
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2025.
Targa Resources Financial Performance
Revenues and expenses
Targa Resources Earnings Performance
Company profitability
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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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Targa Resources stock?
Targa Resources (TRGP) has a market cap of $37B as of September 25, 2025.
What is the P/E ratio for Targa Resources stock?
The price to earnings (P/E) ratio for Targa Resources (TRGP) stock is 24.78 as of September 25, 2025.
Does Targa Resources stock pay dividends?
Yes, the Targa Resources (TRGP) stock pays dividends to shareholders. As of September 25, 2025, the dividend rate is $3.5 and the yield is 2.32%. Targa Resources has a payout ratio of 43.77% on a trailing twelve-month basis.
When is the next Targa Resources dividend payment date?
The next Targa Resources (TRGP) dividend payment date is unconfirmed.
What is the beta indicator for Targa Resources?
Targa Resources (TRGP) has a beta rating of 1.13. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.