Targa Resources/$TRGP
1D1W1M3M6MYTD1Y5YMAX
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
$67B
29.85
$10.46
0.72
$4.50
1.60%
Price and volume
Market cap
$67B
Beta
0.72
52-week high
$313.42
52-week low
$150.00
Average daily volume
1.2M
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)
29.853
Price to revenue (TTM)
4.009
Price to book
18.32
Price to tangible book (TTM)
43.18
Price to free cash flow (TTM)
90.583
Free cash flow yield (TTM)
1.10%
Free cash flow per share (TTM)
3.448
Dividend yield (TTM)
1.44%
Forward dividend yield
1.60%
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)
48.22%
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 reported record second-quarter adjusted EBITDA of $1.60 billion, up 38% year on year, and raised its 2026 outlook to the top end of $5.7–$5.9 billion. Record Permian volumes and strength across its transport and export services support the growth case. (Reuters)
Twenty-year fee-based agreements with ExxonMobil give Targa long-term commercial visibility in the Permian. The associated processing plants and pipeline are backed by take-or-pay commitments, linking future capacity to contracted customer demand. (Targa Resources)
Targa raised its quarterly dividend by 25% year on year to $1.25 per share, strengthening the income and shareholder-return case. The increase was announced alongside record second-quarter results. (Reuters)
The expansion programme is capital intensive: Targa raised its 2026 net growth-capital estimate to about $5 billion, while consolidated debt stood at $19.6 billion at the end of June. High spending and leverage leave less room for error if projects are delayed or generate weaker returns. (Targa Resources, U.S. Securities and Exchange Commission)
Weak Waha gas prices led some producers to shut in gas behind Targa’s Permian systems, with management citing 200–400 million cubic feet per day shut in on a typical day. Further price weakness or takeaway constraints could limit throughput growth. (The Motley Fool)
Some of the second-quarter earnings strength came from unusually strong marketing and optimisation margins. Management said these benefits would be a headwind in the third quarter, so recent margins may not be a reliable guide to near-term earnings. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 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 | $TRGP weighting |
|---|---|---|
Invesco Energy S&P US Select Sector$XLES | $146M | 3.00% |
Invesco Energy S&P US Select Sector£XLEP | $146M | 3.00% |
SPDR S&P U.S. Energy Select Sector$SXLE | $1.1B | 2.63% |
SPDR S&P U.S. Energy Select Sector£GXLE | $1.1B | 2.63% |
iShares S&P 500 Energy Sector€QDVF | $1.7B | 2.63% |
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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