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
$32B
21.64
$6.95
1.13
$3.50
2.66%
Price and volume
Market cap
$32B
Beta
1.13
52-week high
$218.51
52-week low
$147.31
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)
21.643
Price to revenue (TTM)
1.918
Price to book
12.52
Price to tangible book (TTM)
41.89
Price to free cash flow (TTM)
76.632
Free cash flow yield (TTM)
1.30%
Free cash flow per share (TTM)
1.962
Dividend yield (TTM)
2.33%
Forward dividend yield
2.66%
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)
96.52%
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
Adjusted EBITDA rose 18% year-over-year to $1.16 billion, beating analyst estimates and driven by record Permian natural gas and NGL volumes.
The company launched a new $1 billion share repurchase program and repurchased $324 million of common shares in Q2, enhancing shareholder returns amid strong cash generation.
Key Permian expansions—including early completion of the 275 MMcf/d Pembrook II plant and an accelerated Bull Moose II startup—will boost processing capacity and support future volume growth ahead of schedule.
Total consolidated debt stood at $16.85 billion as of June 30, 2025, with only $3.5 billion of liquidity, raising leverage and refinancing risks amid planned capex and buyback commitments.
Targa forecasts approximately $3.0 billion of net growth capital expenditures for 2025, which may constrain free cash flow and pressure leverage metrics despite volume growth.
Lower NGL prices in Q2 partially offset revenue gains, underscoring sensitivity to commodity price volatility and potential margin compression in weaker price environments.
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 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 $32B as of October 16, 2025.
What is the P/E ratio for Targa Resources stock?
The price to earnings (P/E) ratio for Targa Resources (TRGP) stock is 21.64 as of October 16, 2025.
Does Targa Resources stock pay dividends?
Yes, the Targa Resources (TRGP) stock pays dividends to shareholders. As of October 16, 2025, the dividend rate is $3.5 and the yield is 2.66%. 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.