Targa Resources Corp. TRGP SPX
Energy · Oil & Gas Midstream · United States
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.
READ MORE ›$255.07
+65.20% 1Y
Market & Price
Market Cap
$54.75B
Current Price
$255.07
High / Low (52W)
$276.75 / $143.89
Beta
0.74
Valuation
Stock P/E
26.05
Industry PE
18.25
Forward P/E
20.73
PEG Ratio
1.25
Book Value
$14.29
Price to Book
17.85
P/S
3.31
EV/EBITDA
14.17
Dividend Yield
1.67%
Profitability & Returns
ROCE
15.41%
ROE
74.10%
ROA
9.13%
Profit Margin
12.87%
Op Margin
20.90%
EPS (Latest Qtr)
$2.23
EPS (TTM)
$9.79
Balance Sheet & Liquidity
Debt/Equity
5.85
Quick Ratio
0.53
Current Ratio
0.72
Debt
$19.13B
Total Assets
$25.22B
Current Assets
$2.36B
Working Capital
$-1.18B
Ownership
Promoter Holding
1.38%
Chg in Prom Hold
-
FII / Inst Holding
96.33%
Chg in FII Hold
-0.00%
Financial Snapshot
Enterprise Value
$73.91B
Total Revenue (TTM)
$16.56B
EBITDA
$5.22B
Free Cash Flow
$-318.55M
Operating Cash Flow
$3.70B
Shares Outstanding
214.64M
Gross Margin
41.77%
Payout Ratio
40.86%
Growth (CAGR)
Revenue 5Y
-6.65%
Profit 5Y
17.17%
Revenue (YoY)
-10.20%
Earnings (YoY)
142.90%
PROS
- Strong return on equity of 74.1%.
- Profit CAGR of 17.2% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -6.6% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TRGP Targa Resources Corp. SPX | 255.07 | 26.05 | $54.75B | 1.67% | 15.41% | 74.10% | -6.65% | 17.17% |
| 2 | XOM Exxon Mobil Corporation SPX | 145.26 | 24.45 | $602.10B | 2.84% | 11.12% | 9.87% | -6.69% | -19.72% |
| 3 | CVX Chevron Corporation SPX | 182.46 | 31.73 | $363.39B | 3.90% | 7.21% | 6.64% | -7.85% | -29.74% |
| 4 | COP ConocoPhillips SPX | 113.98 | 19.32 | $138.86B | 2.95% | 12.63% | 11.28% | -9.11% | -24.66% |
| 5 | WMB The Williams Companies, Inc. SPX | 71.39 | 31.31 | $87.31B | 2.94% | 9.66% | 19.66% | 2.91% | 8.51% |
| 6 | SLB SLB N.V. SPX | 54.55 | 24.03 | $81.56B | 2.16% | 12.08% | 14.07% | 8.33% | -0.65% |
| 7 | VLO Valero Energy Corporation SPX | 244.82 | 17.88 | $72.70B | 1.96% | 8.12% | 15.85% | -11.40% | -41.16% |
| 8 | MPC Marathon Petroleum Corporation SPX | 248.77 | 16.37 | $72.63B | 1.57% | 13.11% | 27.46% | -9.23% | -34.67% |
| 9 | EOG EOG Resources, Inc. SPX | 133.38 | 13.13 | $71.04B | 3.06% | 14.00% | 18.20% | -8.51% | -13.74% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 2.11B | 1.87B | 2.13B | 2.70B | 2.46B | 2.44B | 2.99B | 2.60B | 1.96B | 1.64B | 1.66B | - | 1.62B | 1.21B | 1.73B | 3.50B | 3.20B | 4.20B | 4.89B | 5.80B | 5.04B | 3.80B | 2.72B | 3.36B | 3.99B | 3.05B | - | - | 4.56B | 4.26B | 4.15B | 4.06B | 4.09B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.63B | 2.81B | 2.89B | 2.70B | 2.82B |
| Gross Profit | 471.30M | 468.80M | 459.80M | 431.40M | 438.40M | 429.60M | 468.60M | 458.40M | 447.10M | 468.70M | 534.60M | 514.60M | 539.10M | 602.90M | 589.20M | 573.40M | 633.70M | 574.40M | 771.10M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 936.10M | 1.45B | 1.26B | 1.36B | 1.27B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 392.80M | 416.80M | 424.40M | 440.00M | 427.30M |
| Operating Income | 112.40M | 115.30M | -206.90M | 35.50M | 66.30M | 51.60M | -97.60M | 50.50M | 37.20M | -323.60M | 113.50M | 86.30M | 155.40M | 76.70M | -80.90M | 61.30M | 113.70M | 41.60M | -23.70M | -2.08B | 213.10M | 295.50M | 344.10M | 245.80M | 366.50M | 295.80M | 451.90M | 430.00M | 836.70M | 649.10M | 505.10M | 639.40M | 627.20M | - | - | 543.30M | 1.03B | 836.90M | 917.40M | 846.90M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 910.90M | 1.41B | 1.23B | 1.30B | 1.27B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 184.90M | 177.70M | - | 218.40M | 221.30M | 216.00M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 352.00M | 821.30M | 620.90M | 692.20M | 611.30M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.20M | 184.10M | 134.30M | 139.10M | 123.90M |
| Net Income | 15.20M | 12.70M | 27.00M | -2.70M | -23.20M | -10.70M | - | -119.30M | 57.60M | -167.60M | - | 22.90M | 109.10M | -23.70M | - | -38.90M | -10.20M | -47.30M | - | -1.74B | 81.00M | 69.30M | 146.40M | 56.20M | 182.20M | 88.00M | 596.40M | 193.10M | 497.00M | 329.30M | 220.00M | 275.20M | 298.50M | - | - | 270.50M | 629.10M | 478.40M | 545.00M | 479.60M |
| Diluted EPS | 0.27 | 0.23 | 0.48 | -0.06 | -0.33 | -0.23 | -0.99 | -0.77 | 0.14 | -0.91 | 1.05 | -0.03 | 0.35 | -0.24 | -0.60 | -0.30 | -0.18 | -0.34 | -0.62 | -7.60 | 0.21 | 0.16 | 0.53 | 0.15 | 0.66 | 0.06 | 1.61 | 0.84 | 0.03 | 1.44 | 0.97 | 1.22 | 1.33 | - | - | 0.92 | 2.92 | 2.20 | 2.54 | 2.23 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 6.69B | 7.80B | 9.35B | 7.40B | 6.87B | - | 20.93B | 16.06B | 16.38B | 17.03B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 17.98B | 12.01B | 12.13B | 12.02B |
| Gross Profit | - | 955.50M | 1.01B | 1.18B | 1.57B | 1.82B | 1.77B | 1.91B | 2.25B | 2.55B | - | - | 2.95B | 4.05B | 4.26B | 5.01B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 1.22B | 1.43B | 1.56B | 1.67B |
| Operating Income | 196.10M | 351.10M | 336.30M | 368.20M | 640.50M | 159.30M | 55.80M | -122.40M | 237.50M | 192.90M | -1.30B | - | 1.73B | 2.63B | 2.70B | 3.33B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 3.21B | 3.96B | 4.13B | 4.85B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 446.10M | 687.80M | 767.20M | 852.80M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 1.66B | 1.94B | 1.94B | 2.49B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | 131.80M | 363.20M | 384.50M | 529.70M |
| Net Income | -15.00M | 30.70M | 38.10M | 65.10M | 102.30M | 58.30M | -187.30M | 54.00M | 1.60M | -209.20M | -1.55B | - | 1.20B | 1.35B | 1.31B | 1.92B |
| Diluted EPS | -30.94 | 0.74 | 0.91 | 1.55 | 2.43 | 1.09 | -1.80 | -0.31 | -0.53 | -1.44 | -7.26 | - | 3.88 | 3.66 | 5.87 | 8.63 |
Compounded Sales Growth
| 5 Years: | -6.65% |
| 1 Year: | -10.20% |
Compounded Profit Growth
| 5 Years: | 17.17% |
| 1 Year: | 142.90% |
Stock Price Performance
| 1 Year: | +65.20% |
| 6 Months: | +50.61% |
| 3 Months: | +8.72% |
| 1 Month: | +2.48% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 3.39B | 3.83B | 5.11B | 6.05B | 6.42B | 13.21B | 12.87B | 14.39B | 16.94B | 18.82B | 15.88B | - | 19.56B | 20.67B | 22.73B | 25.22B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.36B | 2.19B | 2.30B | 2.36B |
| Cash & Equivalents | 252.40M | 188.40M | 145.80M | 76.30M | 66.70M | 81.00M | 140.20M | 73.50M | 137.20M | 232.10M | 331.10M | 242.80M | - | 219.00M | 141.70M | 157.30M | 166.10M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | 393.80M | 371.50M | 334.30M | 429.30M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.41B | 1.47B | 1.62B | 1.47B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.58B | 16.06B | 18.32B | 22.02B |
| Current Liabilities | - | - | 741.10M | 686.60M | 770.40M | 826.50M | 874.90M | 1.17B | 1.62B | 2.80B | 1.87B | 1.78B | - | 3.07B | 2.76B | 3.17B | 3.55B |
| Long Term Debt | - | - | 1.57B | 2.48B | 2.99B | 2.89B | 5.72B | 4.61B | 4.70B | 5.63B | - | - | - | 10.51B | 12.09B | 13.55B | 16.40B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.56B | 13.01B | 14.27B | 17.52B |
| Total Equity | - | - | 158.10M | 144.10M | 148.80M | 169.80M | 1.46B | 5.25B | 6.16B | 6.08B | 4.92B | 2.65B | - | 2.67B | 2.74B | 2.59B | 3.07B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 237.94M | 240.10M | 241.76M | 242.77M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 205.20M | 379.30M | 428.20M | 382.70M | - | - | 837.40M | 939.50M | 1.14B | 1.39B | 1.74B | - | 2.38B | 3.21B | 3.65B | 3.92B |
| Investing Cash Flow | -131.30M | -509.30M | -1.59B | -1.03B | - | - | -558.60M | -1.89B | -3.15B | -3.07B | -738.10M | - | -4.15B | -2.40B | -3.02B | -3.64B |
| Financing Cash Flow | -137.90M | 87.40M | 1.09B | 634.00M | - | - | -345.50M | 1.02B | 2.10B | 1.78B | -1.09B | - | 1.83B | -888.10M | -612.80M | -266.60M |
| Capital Expenditure | -139.30M | -331.90M | -582.70M | -1.01B | -762.20M | -817.20M | -562.10M | -1.30B | -3.11B | -2.88B | -951.60M | - | -1.33B | -2.39B | -2.97B | -3.33B |
| Free Cash Flow | 65.90M | 47.40M | -154.50M | -630.90M | - | - | 275.30M | -358.00M | -1.97B | -1.49B | 792.90M | - | 1.05B | 826.20M | 683.90M | 584.10M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | 60.50M | -77.30M | 15.60M | 8.80M |
| Share Buybacks | 100.00K | 0 | 9.50M | 13.30M | 2.60M | 3.30M | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | 26.4% | 24.5% | 24.0% | 34.5% | - | - | 14.1% | 25.2% | 26.0% | 29.4% |
| Operating Margin % | - | - | - | - | - | - | 0.8% | -1.6% | 2.5% | 2.6% | -19.0% | - | 8.3% | 16.4% | 16.5% | 19.6% |
| Net Margin % | - | - | - | - | - | - | -2.8% | 0.7% | 0.0% | -2.8% | -22.6% | - | 5.7% | 8.4% | 8.0% | 11.3% |
| ROE % | - | 19.4% | 26.4% | 43.8% | 60.2% | 4.0% | -3.6% | 0.9% | 0.0% | -4.3% | -58.6% | - | 44.8% | 49.1% | 50.6% | 62.7% |
| ROCE % | - | 11.4% | 7.6% | 7.0% | 11.4% | 1.3% | 0.5% | -1.0% | 1.7% | 1.1% | -9.2% | - | 10.5% | 14.7% | 13.8% | 15.4% |
Shareholding Pattern
Insiders
1.38%
Institutions
96.33%
Public Float
97.68%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.57% | 20.54M | $5.24B |
| 2 | Wellington Management Group, LLP | 7.01% | 15.04M | $3.84B |
| 3 | Vanguard Capital Management LLC | 6.50% | 13.95M | $3.56B |
| 4 | State Street Corporation | 6.34% | 13.60M | $3.47B |
| 5 | Vanguard Portfolio Management LLC | 5.52% | 11.85M | $3.02B |
| 6 | Harris Associates L.P. | 4.06% | 8.72M | $2.23B |
| 7 | Geode Capital Management, LLC | 2.80% | 6.01M | $1.53B |
| 8 | Tortoise Capital Advisors, LLC | 1.65% | 3.55M | $904.67M |
| 9 | Blackstone Inc | 1.56% | 3.34M | $852.53M |
| 10 | Morgan Stanley | 1.50% | 3.22M | $820.85M |
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