targa resources corp. - TRGP

TRGP

Close Chg Chg %
250.51 -0.26 -0.10%

Closed Market

250.25

-0.26 (0.10%)

Volume: 1.16M

Last Updated:

Mar 27, 2026, 3:59 PM EDT

Company Overview: targa resources corp. - TRGP

TRGP Key Data

Open

$247.90

Day Range

247.65 - 253.25

52 Week Range

144.54 - 253.25

Market Cap

$53.85B

Shares Outstanding

214.95M

Public Float

211.41M

Beta

0.84

Rev. Per Employee

N/A

P/E Ratio

29.51

EPS

$8.53

Yield

159.68%

Dividend

$1.00

EX-DIVIDEND DATE

Jan 30, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

1.68M

 

TRGP Performance

1 Week
 
5.40%
 
1 Month
 
6.12%
 
3 Months
 
36.81%
 
1 Year
 
26.49%
 
5 Years
 
671.12%
 

TRGP Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 25
Full Ratings ➔

About targa resources corp. - TRGP

Targa Resources Corp. engages in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas. It operates through the following segments: Gathering and Processing, and Logistics and Transportation, and Other. The Gathering and Processing segment includes assets used in the gathering, and purchase and sale of natural gas produced from oil and gas wells. The Logistics and Transportation segment refers to the activities and assets necessary to convert mixed natural gas liquids (NGLs) into NGL products. The Other contains the results of commodity derivative activity mark-to-market gains and losses related to derivative contracts. The company was founded on October 27, 2005 and is headquartered in Houston, TX.

TRGP At a Glance

Targa Resources Corp.
811 Louisiana Street
Houston, Texas 77002
Phone 1-713-584-1000 Revenue 17.19B
Industry Gas Distributors Net Income 1.84B
Sector Utilities 2025 Sales Growth 3.378%
Fiscal Year-end 12 / 2026 Employees 3,570
View SEC Filings

TRGP Valuation

P/E Current 29.507
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 21.732
Price to Sales Ratio 2.328
Price to Book Ratio 12.91
Price to Cash Flow Ratio 10.22
Enterprise Value to EBITDA 11.406
Enterprise Value to Sales 3.336
Total Debt to Enterprise Value 0.306

TRGP Efficiency

Revenue/Employee 4,814,733.894
Income Per Employee 515,798.319
Receivables Turnover 11.656
Total Asset Turnover 0.684

TRGP Liquidity

Current Ratio 0.666
Quick Ratio 0.545
Cash Ratio 0.09

TRGP Profitability

Gross Margin 22.499
Operating Margin 20.401
Pretax Margin 14.465
Net Margin 10.713
Return on Assets 7.33
Return on Equity 65.064
Return on Total Capital 8.943
Return on Invested Capital 10.148

TRGP Capital Structure

Total Debt to Total Equity 571.14
Total Debt to Total Capital 85.10
Total Debt to Total Assets 66.64
Long-Term Debt to Equity 546.038
Long-Term Debt to Total Capital 81.36
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Targa Resources Corp. - TRGP

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
21.68B 15.62B 16.63B 17.19B
Sales Growth
+24.33% -27.97% +6.45% +3.38%
Cost of Goods Sold (COGS) incl D&A
18.89B 13.08B 13.30B 13.32B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.10B 1.34B 1.43B 1.52B
Depreciation
858.60M 951.50M 1.06B 1.20B
Amortization of Intangibles
242.20M 384.00M 373.20M 326.00M
COGS Growth
+23.09% -30.74% +1.66% +0.15%
Gross Income
2.79B 2.54B 3.33B 3.87B
Gross Income Growth
+33.45% -9.25% +31.16% +16.30%
Gross Profit Margin
+12.88% +16.23% +20.00% +22.50%
2022 2023 2024 2025 5-year trend
SG&A Expense
309.70M 348.70M 384.90M 406.00M
Research & Development
- - - -
-
Other SG&A
309.70M 348.70M 384.90M 406.00M
SGA Growth
+13.36% +12.59% +10.38% +5.48%
Other Operating Expense
- (100.00K) (3.50M) (45.40M)
Unusual Expense
441.10M (278.70M) 320.20M 272.40M
EBIT after Unusual Expense
2.04B 2.47B 2.62B 3.23B
Non Operating Income/Expense
66.50M 164.90M 81.50M 105.00M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
9.10M 9.00M 9.40M 11.80M
Interest Expense
446.10M 687.80M 767.20M 852.80M
Interest Expense Growth
+15.00% +54.18% +11.54% +11.16%
Gross Interest Expense
462.40M 728.90M 842.00M 930.10M
Interest Capitalized
16.30M 41.10M 74.80M 77.30M
Pretax Income
1.66B 1.94B 1.94B 2.49B
Pretax Income Growth
+280.68% +16.79% -0.23% +28.30%
Pretax Margin
+7.67% +12.44% +11.66% +14.47%
Income Tax
131.80M 363.20M 384.50M 529.70M
Income Tax - Current - Domestic
6.70M 13.60M 17.50M 13.10M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
125.10M 349.60M 367.00M 516.60M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
9.10M 9.00M 9.40M 11.80M
Other After Tax Income (Expense)
- (7.60M) (9.60M) (11.10M)
Consolidated Net Income
1.53B 1.57B 1.54B 1.95B
Minority Interest Expense
389.10M 743.50M 274.40M 104.20M
Net Income
1.14B 828.20M 1.27B 1.84B
Net Income Growth
+1,504.35% -27.50% +53.28% +45.05%
Net Margin Growth
+5.27% +5.30% +7.64% +10.71%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.14B 828.20M 1.27B 1.84B
Preferred Dividends
- - - 245.50M
-
Net Income Available to Common
896.80M 828.20M 1.27B 1.84B
EPS (Basic)
3.9454 3.6874 5.7652 8.5211
EPS (Basic) Growth
+5,704.26% -6.54% +56.35% +47.80%
Basic Shares Outstanding
227.30M 224.60M 220.20M 216.10M
EPS (Diluted)
3.8806 3.6646 5.7366 8.4896
EPS (Diluted) Growth
+5,612.22% -5.57% +56.54% +47.99%
Diluted Shares Outstanding
231.10M 226.00M 221.30M 216.90M
EBITDA
3.58B 3.52B 4.38B 5.03B
EBITDA Growth
+33.03% -1.74% +24.28% +14.86%
EBITDA Margin
+16.53% +22.55% +26.33% +29.25%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 253.667
Number of Ratings 25 Current Quarters Estimate 2.442
FY Report Date 03 / 2026 Current Year's Estimate 10.019
Last Quarter’s Earnings 2.53 Median PE on CY Estimate N/A
Year Ago Earnings 8.635 Next Fiscal Year Estimate 11.321
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 17 17 17 17
Mean Estimate 2.44 2.33 10.02 11.32
High Estimates 2.66 2.62 10.81 12.68
Low Estimate 2.06 2.05 8.77 9.75
Coefficient of Variance 7.05 7.13 5.55 7.37

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 18 18 18
OVERWEIGHT 3 3 4
HOLD 2 1 2
UNDERWEIGHT 2 2 0
SELL 0 0 0
MEAN Overweight Buy Buy

Insider Actions for Targa Resources Corp. - TRGP

Date Name Shares Transaction Value
Feb 26, 2026 Charles R. Crisp Director 78,453 Bona fide gift 0.00
Feb 26, 2026 Charles R. Crisp Director 77,094 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $229.3 per share 17,677,654.20
Feb 26, 2026 Matthew J. Meloy Chief Executive Officer; Director 727,291 Bona fide gift 0.00
Feb 26, 2026 Jennifer R. Kneale President 236,785 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $230.1 per share 54,484,228.50
Feb 26, 2026 Jennifer R. Kneale President 235,260 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $230.43 per share 54,210,961.80

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