Targa Resources (TRGP)
NYSE:TRGP
TRGP Stock Chart & Stats
$243.09
$1.80(0.96%)
At close: 4:00 PM EST
$243.09
$1.80(0.96%)
Day’s Range― - ―
52-Week Range$144.14 - $253.87
Previous CloseN/A
Volume271.93K
Average Volume (3M)1.57M
Market Cap
$52.22B
Enterprise Value$69.63B
Total Cash (Recent Filing)$166.10M
Total Debt (Recent Filing)$17.55B
Price to Earnings (P/E)21.5
Beta0.71
Next Earnings
Apr 30, 2026EPS Estimate
2.46Next Dividend Ex-DateN/A
Dividend Yield2.03%
Share Statistics
EPS (TTM)2.53
Shares Outstanding214,801,970
10 Day Avg. Volume1,365,067
30 Day Avg. Volume1,568,385
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 Cap1.33
Enterprise Value/Revenue4.06
Enterprise Value/Gross Profit15.33
Enterprise Value/Ebitda14.34
Forecast
1Y Price Target
$261.07Price Target Upside7.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)10.08
Revenue Forecast (FY)$20.47B
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’s price range in the past 12 months?
Targa Resources lowest stock price was $144.14 and its highest was $253.87 in the past 12 months.
What is Targa Resources’s market cap?
Targa Resources’s market cap is $52.22B.
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s upcoming earnings report date is Apr 30, 2026 which is in 18 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 214,801,970 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
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Analyst Consensus
Strong Buy
Average Price Target:
$261.07 (7.40% Upside)
$261.07 (7.40% Upside)
Blogger Sentiment
Bullish
TRGP Sentiment 66%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 230.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $26.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 3.6%
Last 30 Days ▲ 3.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
53.17%
12-Months-Change
Fundamentals
Return on Equity
68.22%
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
$261.07
▲(7.40% Upside)
Technical Analysis
Ownership Overview
1.50% Insiders
34.29% Mutual Funds
20.91% Other Institutional Investors
14.25% Public Companies and
Individual Investors