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Targa Resources (TRGP)
NYSE:TRGP
TRGP Stock Chart & Stats
$235.80
$1.80(0.96%)
At close: 4:00 PM EST
$235.80
$1.80(0.96%)
Day’s Range― - ―
52-Week Range$144.14 - $237.50
Previous CloseN/A
Volume271.93K
Average Volume (3M)1.37M
Market Cap
$50.69B
Enterprise Value$68.06B
Total Cash (Recent Filing)$320.80M
Total Debt (Recent Filing)$17.61B
Price to Earnings (P/E)27.8
Beta0.82
Next Earnings
Apr 30, 2026EPS Estimate
2.46Next Dividend Ex-DateN/A
Dividend Yield2.03%
Share Statistics
EPS (TTM)2.53
Shares Outstanding214,951,800
10 Day Avg. Volume1,546,680
30 Day Avg. Volume1,368,964
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 Cap1.34
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit14.98
Enterprise Value/Ebitda14.02
Forecast
1Y Price Target
$244.40Price Target Upside3.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)9.96
Revenue Forecast (FY)$22.51B
Bulls Say, Bears Say
Bulls Say
Analyst Revision & Earnings OutlookAnalyst raised the price target after projecting higher core earnings following an upward update to the company's growth guidance, implying stronger future profitability.
Natural Gas Egress And Production UnlockingPlanned expansions to improve natural gas takeaway capacity are expected to unlock additional production and support multi-year growth even if crude prices remain subdued.
Processing Capacity ExpansionPlanned increases in growth capital and a faster build-out of processing plants should expand downstream revenue through greater pipeline throughput, processing volumes, and exports.
Bears Say
Capital Spending And Cash Flow PressureElevated capital spending guidance could pressure free cash flow and reduce financial flexibility as substantial investment is needed to execute growth plans.
Commodity-price-driven Margin PressureOperating margins in the gathering and processing business declined due to lower commodity prices, underscoring the company's sensitivity to commodity market swings.
Conservative Commercial AssumptionsGuidance depends on conservative marketing assumptions and fee floors, which could limit upside from commercial optimization and higher market demand.
Targa Resources News
TRGP FAQ
What was Targa Resources’s price range in the past 12 months?
Targa Resources lowest stock price was $144.14 and its highest was $237.50 in the past 12 months.
What is Targa Resources’s market cap?
Targa Resources’s market cap is $50.69B.
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s upcoming earnings report date is Apr 30, 2026 which is in 58 days.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on Feb 19, 2026. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.3 by $0.23.
Is Targa Resources overvalued?
According to Wall Street analysts Targa Resources’s price is currently Undervalued.
Does Targa Resources pay dividends?
Targa Resources pays a Quarterly dividend of $1 which represents an annual dividend yield of 2.03%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is 2.46.
How many shares outstanding does Targa Resources have?
Targa Resources has 214,951,800 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $2.53 in its last earnings report, beating expectations of $2.3. Following the earnings report the stock price went down -1.52%.
Which hedge fund is a major shareholder of Targa Resources?
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
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$244.40 (3.65% Upside)
$244.40 (3.65% Upside)
Blogger Sentiment
Bullish
TRGP Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 230.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $11.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.1%
Last 30 Days ▲ 14.0%
Last 30 Days ▲ 14.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.42%
12-Months-Change
Fundamentals
Return on Equity
65.06%
Trailing 12-Months
Asset Growth
9.79%
Trailing 12-Months
Company Description
Targa Resources
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a strong positive operational and financial performance story—record 2025 results (adjusted EBITDA +20%), robust Permian volume growth, multiple new project announcements (processing plants, frac train, fractionator, export expansion), and solid balance sheet metrics (net leverage ~3.5x, ~$1.9B liquidity). Management provided constructive 2026 guidance (+~11% adjusted EBITDA) and long-term visibility to >$6B run-rate EBITDA post-Speedway. Key near-term headwinds include Waha price volatility and weather-related volume impacts, an elevated near-term capital intensity as large projects are executed, and timing/execution risks for multi-year builds. Overall, highlights materially outweigh the lowlights, reflecting confident growth visibility and financial strength alongside manageable operational and timing risks.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
$244.40
▲(3.65% Upside)
Technical Analysis
Ownership Overview
1.56% Insiders
33.49% Mutual Funds
10.48% Other Institutional Investors
26.27% Public Companies and
Individual Investors