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)1.15M
Market Cap
$58.51B
Enterprise Value$73.78B
Total Cash (Recent Filing)$100.10M
Total Debt (Recent Filing)$19.13B
Price to Earnings (P/E)27.6
Beta0.58
Next Earnings
Jul 30, 2026EPS Estimate
2.74Next Dividend Ex-DateN/A
Dividend Yield2.03%
Share Statistics
EPS (TTM)9.86
Shares Outstanding214,643,900
10 Day Avg. Volume940,491
30 Day Avg. Volume1,148,422
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 Cap1.26
Enterprise Value/Revenue4.50
Enterprise Value/Gross Profit15.08
Enterprise Value/Ebitda14.83
Forecast
1Y Price Target
$280.73Price Target Upside19.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)10.8
Revenue Forecast (FY)$19.74B
Bulls Say, Bears Say
Bulls Say
Strategic Permian & Gulf Coast FootprintTarga's integrated assets—gathering/processing, NGL pipelines, fractionators, storage and marine export capacity—drive fee-based and throughput revenues. Record Permian inlet and fractionation volumes indicate durable utilization gains that support predictable midstream cash flows over the next 2–6 months.
Solid Operating Cash GenerationOperating cash generation reliably covers reported earnings and free cash flow has improved, providing the company durable internal funding for debt service, dividends and growth capex. Strong cash flow supports financial flexibility across near-term project buildouts and shareholder returns.
Proven Project Execution & Growth PipelineA multi-year track record of delivering projects on time or early reduces execution risk for capacity additions. Ongoing projects (fractionators, pipelines, processing plants) materially expand throughput and export capability, underpinning sustainable volume growth and higher fee revenues into 2027–2028.
Bears Say
High Leverage Elevating Financial RiskElevated leverage—debt-to-equity materially higher than peers—amplifies returns but narrows balance-sheet flexibility. A thin equity base increases downside exposure to commodity shocks or project delays, limiting capacity to fund growth or withstand cycles without refinancing or deleveraging.
Weak Free-cash-flow ConversionApproximately 31% conversion of net income to free cash flow signals heavy capital intensity and working-capital swings. With sizable growth capex planned (~$4.5B in 2026), conversion weakness makes cash returns and debt paydown more sensitive to execution and commodity-linked volumes.
Takeaway Constraints And Volume VolatilityProducer shut‑ins tied to Waha basis weakness and export outages create sustained volume volatility until egress projects come online. These structural midstream bottlenecks can depress throughput-driven fees and marketing margins over several quarters, pressuring near-term EBITDA durability.
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 $58.51B.
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 45 days.
How were Targa Resources Corp.’s earnings last quarter?
Targa Resources Corp. released its earnings results on May 07, 2026. The company reported $2.228 earnings per share for the quarter, missing the consensus estimate of $2.483 by -$0.255.
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 $1.25 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 2.74.
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 $2.228 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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$280.73 (19.21% Upside)
$280.73 (19.21% 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 $2.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
64.85%
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., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established 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
$280.73
▲(19.21% Upside)
Technical Analysis
Ownership Overview
1.49% Insiders
34.29% Mutual Funds
20.72% Other Institutional Investors
13.40% Public Companies and
Individual Investors