Targa Resources Corp. TRGP

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298.56 USD +3.83 (+1.30%)

At closeNov 3, 2026, 6:40 PM EST

298.56 0.00 0.00%

After hours · Nov 3, 6:40 PM ET

291.13 Day range 301.02
152.22 52-week range 316.60
YTD
+61.82%
1 year
+91.27%
Market cap
64.02B
Revenue (ttm)
16.74B
Profit margin
13.54%
EPS (ttm)
10.46
Shares out
214.43M
P/E ratio
28.54
Forward P/E
24.65
Dividend
5.00 (1.70%)
Ex-dividend date
Oct 29, 2026
YTD return
+61.82%
1-year return
+91.27%
Volume
1.35M
Avg volume
1.20M
Open
292.06
Previous close
294.73
Day's range
291.13 – 301.02
52-week range
152.22 – 316.60
Beta
0.74
Analysts
Strong Buy
Price target
330.19 (+10.6%)
Earnings date
Nov 5, 2026

5D -4.97 (-1.64%)

300310WedThuFriMonTue298.28

Key statistics

Enterprise value
82.78B
PEG ratio
1.25
Price / sales
3.82
Price / book
17.51
Dividend yield
1.70%
Payout ratio
40.63%
Revenue growth
4.20%
Free cash flow
65.84M
Total cash
132.30M
Total debt
19.58B
Return on equity
70.84%
Short % of float
3.05%
50-day average
290.24
200-day average
260.17

Financials — quick view

All financials
TRGP Revenue — quarterly 4.44B
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
TRGP Net income — quarterly 764.60M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
TRGP EPS — quarterly 3.54
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

TRGP recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 5, 2026Sep 30, 20262.74———
Aug 6, 2026Jun 30, 20262.833.54+0.71+25.09%
May 7, 2026Mar 31, 20262.482.21-0.27-10.89%
Feb 19, 2026Dec 31, 20252.302.51+0.21+9.13%
Nov 5, 2025Sep 30, 20252.112.20+0.09+4.27%
Aug 7, 2025Jun 30, 20251.862.87+1.01+54.30%

Upgrades / downgrades

TRGP analyst upgrades and downgrades
DateFirmActionFromTo
Oct 21, 2026BMO CapitalmainOutperformOutperform
Oct 13, 2026CitigroupmainBuyBuy
Oct 8, 2026BarclaysmainOverweightOverweight
Sep 21, 2026Truist SecuritiesreitBuyBuy
Sep 18, 2026TD CowenupHoldBuy
Sep 16, 2026Morgan StanleymainOverweightOverweight

About Targa Resources Corp.

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company 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 also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Sector
Energy
Industry
Oil & Gas Midstream
Country
United States

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Insider holders

TRGP insider holders
InsiderRelationLatest transactionDateShares held
CHUNG PAUL WDirectorSaleAug 31, 20260
CRISP CHARLES RICHARDDirectorSaleAug 24, 202662,292
JOYCE RENE RDirectorStock GiftFeb 23, 2026775,759
KNEALE JENNIFER RPresidentSaleFeb 23, 2026235,260
MCDONIE PATRICK JOfficerSaleMar 1, 2026305,163
MELOY MATTHEW JChief Executive OfficerStock GiftMay 13, 2026712,291

Institution ownership

TRGP institution ownership
Holder% heldSharesValueReported
Blackrock Inc.9.72%20,832,6876.22BJun 29, 2026
State Street Corporation6.63%14,226,1664.25BJun 29, 2026
Wellington Management Group, LLP6.61%14,176,3944.23BJun 29, 2026
Vanguard Capital Management LLC6.54%14,015,5594.19BJun 29, 2026
Vanguard Portfolio Management LLC5.46%11,697,5743.49BJun 29, 2026
Harris Associates L.P.3.70%7,937,5302.37BJun 29, 2026

Fund ownership

TRGP fund ownership
Holder% heldSharesValueReported
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.18%6,814,1972.03BJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.59%5,562,7491.66BJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund2.17%4,650,9231.39BJun 29, 2026
SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF2.08%4,463,9381.33BSep 29, 2026
VANGUARD WELLINGTON FUND1.52%3,248,853970.17MAug 30, 2026
HARRIS ASSOCIATES INVESTMENT TRUST-Oakmark Fund1.34%2,882,000860.62MJun 29, 2026