Targa Resources/$TRGP
Targa Resources shares fell amid a broad energy-sector sell-off as hopes for Iran negotiations sent crude sharply lower.
4 hours agoLightyear AI
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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
$68B
30.10
$10.46
0.72
$4.50
1.59%
Price and volume
Market cap
$68B
Beta
0.72
52-week high
$316.60
52-week low
$151.24
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)
30.104
Price to revenue (TTM)
4.042
Price to book
18.47
Price to tangible book (TTM)
43.54
Price to free cash flow (TTM)
91.342
Free cash flow yield (TTM)
1.09%
Free cash flow per share (TTM)
3.448
Dividend yield (TTM)
1.43%
Forward dividend yield
1.59%
Growth
Revenue change (TTM)
-1.97%
Earnings per share change (TTM)
49.73%
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
Second-quarter adjusted EBITDA rose 38% year on year to a record, with record Permian and NGL volumes; Targa expects 2026 EBITDA near the top of its $5.7bn–$5.9bn range. That gives the growth story strong recent operating support. (Reuters, Targa Resources Corp.)
Twenty-year fee-based agreements with ExxonMobil secure gathering, processing and NGL services across its Permian acreage. The long duration gives Targa clearer visibility on future volumes and fee income. (Targa Resources Corp.)
S&P expects fee-based operations to make up 93% of Targa’s operating margin in 2026, helping to cushion cash flow from commodity-price swings. It also expects free operating cash flow to increase in 2027 as major projects start up. (S&P Global Ratings)
Targa raised its 2026 growth-capital estimate to about $5bn, while total debt stood at $19.6bn at June. Heavy spending and debt leave less room for error if new assets ramp up slowly or cost more than planned. (Targa Resources Corp., U.S. Securities and Exchange Commission)
Part of the strong first-half result came from unusually favourable marketing and optimisation margins. Management said narrower gas-price spreads would be a headwind in the third quarter, so some of that earnings boost may fade. (The Motley Fool)
Weak Waha gas prices led producers to shut in an estimated 200–400 million cubic feet of gas per day behind Targa’s Permian systems at times in the second quarter. Further curtailments could slow gathering volumes and reduce the throughput feeding its downstream assets. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 2 Nov 2026.
Targa Resources Financial Performance
Revenues and expenses
Targa Resources Earnings Performance
Company profitability
Upcoming events
Targa Resources News
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Funds containing Targa Resources
AllUSDEURGBP
Fund name | Fund size | $TRGP weighting |
|---|---|---|
Invesco Energy S&P US Select Sector£XLEP | $146M | 3.10% |
Invesco Energy S&P US Select Sector$XLES | $146M | 3.10% |
SPDR S&P U.S. Energy Select Sector£GXLE | $1.1B | 2.68% |
SPDR S&P U.S. Energy Select Sector$SXLE | $1.1B | 2.68% |
iShares S&P 500 Energy Sector£IESU | $1.6B | 2.64% |
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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