Targa Resources Corp. TRGP
At closeNov 12, 2026, 4:01 AM EST
Pre-market · Nov 12, 4:01 AM ET
- YTD
- +58.15%
- 1 year
- +68.44%
- Market cap
- 62.60B
- Revenue (ttm)
- 18.19B
- Profit margin
- 13.46%
- EPS (ttm)
- 11.30
- Shares out
- 214.55M
- P/E ratio
- 25.82
- Forward P/E
- 23.64
- Dividend
- 5.00 (1.78%)
- Ex-dividend date
- Oct 29, 2026
- YTD return
- +58.15%
- 1-year return
- +68.44%
- Volume
- 927.91K
- Avg volume
- 1.25M
- Open
- 286.94
- Previous close
- 281.32
- Day's range
- 282.56 – 291.93
- 52-week range
- 166.18 – 316.60
- Beta
- 0.74
- Analysts
- Strong Buy
- Price target
- 331.00 (+13.4%)
- Earnings date
- Feb 18, 2027
5D +1.82 (+0.63%)
Key statistics
- Enterprise value
- 80.21B
- PEG ratio
- 1.25
- Price / sales
- 3.44
- Price / book
- 16.40
- Dividend yield
- 1.78%
- Payout ratio
- 39.82%
- Revenue growth
- 34.90%
- Free cash flow
- 162.12M
- Total cash
- 142.60M
- Total debt
- 19.84B
- Return on equity
- 73.42%
- Short % of float
- 3.59%
- 50-day average
- 288.82
- 200-day average
- 262.86
Analyst view
Consensus: strong buy
- Target (low)
- 294.00
- Target (mean)
- 331.00
- Target (high)
- 362.00
- Strong buy6
- Buy15
- Hold1
- Sell0
- Strong sell0
Next earnings
Feb 18, 2027
Expected Feb 18, 2027. Consensus EPS estimate 3.02.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 18, 2027 | Dec 30, 2026 | 2.83 | — | — | — |
| Nov 5, 2026 | Sep 30, 2026 | 2.74 | 3.04 | +0.30 | +10.95% |
| Aug 6, 2026 | Jun 30, 2026 | 2.83 | 3.54 | +0.71 | +25.09% |
| May 7, 2026 | Mar 31, 2026 | 2.48 | 2.21 | -0.27 | -10.89% |
| Feb 19, 2026 | Dec 31, 2025 | 2.30 | 2.51 | +0.21 | +9.13% |
| Nov 5, 2025 | Sep 30, 2025 | 2.11 | 2.20 | +0.09 | +4.27% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 10, 2026 | Morgan Stanley | main | Overweight | Overweight |
| Nov 10, 2026 | Scotiabank | main | Sector Outperform | Sector Outperform |
| Nov 9, 2026 | Wells Fargo | main | Overweight | Overweight |
| Nov 6, 2026 | Jefferies | main | Buy | Buy |
| Nov 6, 2026 | Citigroup | main | Buy | Buy |
| Oct 21, 2026 | BMO Capital | main | Outperform | Outperform |
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
- Website
- targaresources.com
News
TRGP Q3 Earnings Beat on Permian Growth and Higher Fees 
What Targa Resources (TRGP) Said on Its Q3 Earnings Call 
Morgan Stanley Maintains Overweight on Targa Resources, Raises Price Target to $362 
Scotiabank Maintains Sector Outperform on Targa Resources, Raises Price Target to $325 
Here’s How Much You Would Have Made Owning Targa Resources Stock In The Last 10 Years - Wells Fargo Maintains Overweight on Targa Resources, Raises Price Target to $330
What Targa Resources (TRGP) Said on Its Q3 Earnings Call 
Jefferies Maintains Buy on Targa Resources, Lowers Price Target to $311 
Citigroup Maintains Buy on Targa Resources, Raises Price Target to $338 
Targa Resources (TRGP) Reports Q3 Earnings: What Key Metrics Have to Say
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CHUNG PAUL W | Director | Sale | Aug 31, 2026 | 0 |
| CRISP CHARLES RICHARD | Director | Stock Gift | Aug 24, 2026 | 62,292 |
| JOYCE RENE R | Director | Stock Gift | Feb 23, 2026 | 775,759 |
| KNEALE JENNIFER R | President | Sale | Feb 23, 2026 | 235,260 |
| MCDONIE PATRICK J | Officer | Sale | Mar 1, 2026 | 305,163 |
| MELOY MATTHEW J | Chief Executive Officer | Stock Gift | May 13, 2026 | 712,291 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 9.71% | 20,832,687 | 6.08B | Jun 29, 2026 |
| State Street Corporation | 6.63% | 14,226,166 | 4.15B | Jun 29, 2026 |
| Wellington Management Group, LLP | 6.61% | 14,176,394 | 4.14B | Jun 29, 2026 |
| Vanguard Capital Management LLC | 6.53% | 14,015,559 | 4.09B | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 5.45% | 11,697,574 | 3.41B | Jun 29, 2026 |
| Harris Associates L.P. | 3.70% | 7,937,530 | 2.32B | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.18% | 6,814,197 | 1.99B | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard 500 Index Fund | 2.59% | 5,562,749 | 1.62B | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund | 2.17% | 4,650,923 | 1.36B | Jun 29, 2026 |
| SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF | 2.08% | 4,463,938 | 1.30B | Sep 29, 2026 |
| VANGUARD WELLINGTON FUND | 1.51% | 3,248,853 | 947.92M | Aug 30, 2026 |
| HARRIS ASSOCIATES INVESTMENT TRUST-Oakmark Fund | 1.34% | 2,882,000 | 840.88M | Jun 29, 2026 |