Targa Resources Corp. (TRGP)
NYSE:TRGP
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TRGP Stock Chart & Stats
$235.50
$1.80(0.96%)
At close: 4:00 PM EST
$235.50
$1.80(0.96%)
Day’s Range― - ―
52-Week Range$144.14 - $280.00
Previous CloseN/A
Volume271.93K
Average Volume (3M)1.22M
Market Cap
$59.40B
Enterprise Value$78.43B
Total Cash (Recent Filing)$100.10M
Total Debt (Recent Filing)$19.13B
Price to Earnings (P/E)28.1
Beta0.62
Next Earnings
Jul 30, 2026EPS Estimate
2.65Next Dividend Ex-DateN/A
Dividend Yield2.03%
Share Statistics
EPS (TTM)9.86
Shares Outstanding214,643,900
10 Day Avg. Volume1,253,527
30 Day Avg. Volume1,216,221
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)12.93
Price to Sales (P/S)2.31
P/FCF Ratio67.91
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue4.79
Enterprise Value/Gross Profit16.03
Enterprise Value/Ebitda15.05
Forecast
1Y Price Target
$268.01Price Target Upside13.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)10.6
Revenue Forecast (FY)$19.80B
Bulls Say, Bears Say
Bulls Say
Capacity ExpansionPlanned long‑lead infrastructure and additional processing plants should expand Targa's processing capacity and natural gas liquids output, supporting sustained volume growth tied to Permian supply.
Major Project CompletionCompletion of the Speedway project is expected to boost segment profitability and generate stronger free cash flow, enhancing the company's ability to fund growth and de‑risk the balance sheet.
Operational MoatSubstantial sour gas treating capacity and deep upstream connectivity with major producers create a durable operational moat that supports market share gains in the Permian.
Bears Say
Capital Spending PressureElevated growth capital guidance increases near term funding needs and could pressure free cash flow if project returns or commodity conditions do not meet expectations.
Commodity And Infrastructure RiskPrice swings in oil and gas combined with planned or unplanned pipeline maintenance could reduce Permian volumes and introduce notable volatility in reported earnings.
Valuation And Shareholder ReturnsMarket valuation appears to already reflect higher growth guidance, and light buyback activity leaves ambiguity about shareholder return priorities, limiting potential upside for the stock.
Targa Resources News
TRGP FAQ
What was Targa Resources Corp.’s price range in the past 12 months?
Targa Resources Corp. lowest stock price was $144.14 and its highest was $280.00 in the past 12 months.
What is Targa Resources Corp.’s market cap?
Targa Resources Corp.’s market cap is $59.40B.
When is Targa Resources Corp.’s upcoming earnings report date?
Targa Resources Corp.’s upcoming earnings report date is Jul 30, 2026 which is in 66 days.
How were Targa Resources Corp.’s earnings last quarter?
Targa Resources Corp. released its earnings results on May 07, 2026. The company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.483 by -$0.253.
Is Targa Resources Corp. overvalued?
According to Wall Street analysts Targa Resources Corp.’s price is currently Undervalued.
Does Targa Resources Corp. pay dividends?
Targa Resources Corp. pays a Quarterly dividend of $1 which represents an annual dividend yield of 2.03%. See more information on Targa Resources Corp. dividends here
What is Targa Resources Corp.’s EPS estimate?
Targa Resources Corp.’s EPS estimate is 2.65.
How many shares outstanding does Targa Resources Corp. have?
Targa Resources Corp. has 214,643,900 shares outstanding.
What happened to Targa Resources Corp.’s price movement after its last earnings report?
Targa Resources Corp. reported an EPS of $2.23 in its last earnings report, missing expectations of $2.483. Following the earnings report the stock price went up 1.178%.
Which hedge fund is a major shareholder of Targa Resources Corp.?
Currently, no hedge funds are holding shares in TRGP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Targa Resources Stock Smart Score
Outperform
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Analyst Consensus
Strong Buy
Average Price Target:
$268.01 (13.81% Upside)
$268.01 (13.81% Upside)
Blogger Sentiment
Neutral
TRGP Sentiment 50%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 117.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $29.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▲ 2.3%
Last 30 Days ▲ 2.3%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
77.93%
12-Months-Change
Fundamentals
Return on Equity
73.92%
Trailing 12-Months
Asset Growth
18.89%
Trailing 12-Months
Company Description
Targa Resources Corp.
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
TRGP Company Deck
TRGP Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths—record Q1 adjusted EBITDA, raised full-year guidance, record fractionation and Permian volumes, strong liquidity, continued large-scale project execution and increased shareholder returns—while acknowledging near-term headwinds from severe winter weather, Waha-basis driven shut-ins (200–400 MMcf/d), and a partial LPG export outage. Management expects egress capacity additions (GCX expansion, Blackcomb, Traverse) and ongoing downstream expansions to alleviate constraints and support growth in the back half of 2026 and into 2027. Overall, positives (record results, guidance raise, strong balance sheet, and project progress) materially outweigh the cited short-term operational challenges.View all TRGP earnings summariesTRGP Revenue Breakdown
15.81% Gathering and Processing
84.22% Logistics and Transportation
-0.03% Other
TRGP Stock 12 Month Forecast
Average Price Target
$268.01
▲(13.81% Upside)
Technical Analysis
Ownership Overview
1.49% Insiders
34.99% Mutual Funds
20.72% Other Institutional Investors
13.60% Public Companies and
Individual Investors