Company Overview
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.
Why Investors Should Care
Generates a return on equity of 62.7%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 15.4%.
Revenue has grown at a 10.9% CAGR over the past five years.
Operating margin of 27.8% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $17.03B (+20.5% YoY); net profit $1.92B.
- Trailing 12 Months Year-on-year growth — revenue +4.2%, earnings +24.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 10.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 10.94% |
| 1 Year: | 4.20% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 24.10% |
Stock Price Performance
| 1 Year: | +78.39% |
| 6 Months: | +23.95% |
| 3 Months: | +10.77% |
| 1 Month: | +8.56% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)55.65 · Neutral
P/E of 27.84 is above the sector median of 17.53 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 62.7%.
- Compounding revenue at 10.9% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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. SPXR3K | 291.18 | 27.84 | $62.44B | 1.86% | 15.37% | 62.68% | 10.94% | - |
| 2 | XOM ExxonMobil Holdings Corporation SPXR3K | 159.47 | 26.80 | $660.99B | 2.66% | 9.01% | 12.58% | 0.48% | -1.99% |
| 3 | CVX Chevron Corporation SPXR3K | 208.60 | 20.08 | $409.27B | 3.76% | - | 6.60% | -1.00% | -2.30% |
| 4 | TTE TotalEnergies SE | 88.39 | 11.06 | $196.12B | 4.94% | 10.04% | 14.48% | -11.53% | -13.84% |
| 5 | COP ConocoPhillips SPXR3K | 134.26 | 17.78 | $161.29B | 2.88% | 10.31% | 14.18% | -9.11% | -24.66% |
| 6 | MPC Marathon Petroleum Corporation SPXR3K | 388.90 | 13.48 | $113.53B | 1.34% | 12.90% | 42.10% | 6.91% | 14.73% |
| 7 | BP BP p.l.c. | 43.81 | 20.96 | $112.83B | 4.85% | 7.99% | 8.87% | -7.78% | - |
| 8 | ENB Enbridge Inc. | 50.09 | 27.08 | $109.40B | 5.37% | 5.84% | 9.22% | 6.94% | 35.62% |
| 9 | VLO Valero Energy Corporation SPXR3K | 369.75 | 15.43 | $106.46B | 1.58% | 9.83% | 27.64% | 6.23% | -4.61% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | 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 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 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 | - | - | - | - | - | - |
| Gross Profit | 421.10M | 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 138.50M | 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 | 728.20M | 543.30M | 1.03B | 836.90M | 846.90M | 1.23B |
| Net Income | 3.20M | 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 | 387.40M | 270.50M | 629.10M | 478.40M | 479.60M | 764.60M |
| Diluted EPS | 0.07 | 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 | 1.75 | 0.91 | 2.87 | 2.20 | 2.21 | 3.54 |
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 | 16.09B | 19.82B | 13.52B | 14.14B | 17.03B |
| Gross Profit | - | 955.50M | 1.01B | 1.18B | 1.57B | 1.82B | 1.77B | 1.91B | 2.25B | 2.55B | - | - | - | - | - | - |
| Operating Income | 196.10M | 351.10M | 336.30M | 368.20M | 640.50M | 159.30M | 55.80M | -122.40M | 237.50M | 192.90M | -1.30B | 864.80M | 1.73B | 2.63B | 2.70B | 3.33B |
| Net Income | -15.00M | 30.70M | 38.10M | 65.10M | 102.30M | 58.30M | -187.30M | 54.00M | 1.60M | -209.20M | -1.55B | 71.20M | 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 | -0.07 | 3.88 | 3.66 | 5.74 | 8.49 |
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 | 15.21B | 19.56B | 20.67B | 22.73B | 25.22B |
| Total Equity | 754.90M | 1.04B | 158.10M | 144.10M | 148.80M | 169.80M | 1.46B | 5.25B | 6.16B | 6.08B | 4.92B | 2.65B | 2.01B | 2.67B | 2.74B | 2.59B | 3.07B |
| 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 | 158.50M | 219.00M | 141.70M | 157.30M | 166.10M |
| Long Term Debt | - | - | 1.57B | 2.48B | 2.99B | 2.89B | 5.72B | 4.61B | 4.70B | 5.63B | 7.82B | 7.76B | 6.60B | 11.54B | 12.95B | 14.17B | 17.43B |
| Current Liabilities | - | - | 741.10M | 686.60M | 770.40M | 826.50M | 874.90M | 1.17B | 1.62B | 2.80B | 1.87B | 1.78B | 2.30B | 3.07B | 2.76B | 3.17B | 3.55B |
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 | 2.30B | 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 | -473.20M | -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 | -1.91B | 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 | -505.10M | -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 | 1.80B | 1.05B | 826.20M | 683.90M | 584.10M |
| 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% | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | 0.8% | -1.6% | 2.5% | 2.6% | -19.0% | 5.4% | 8.7% | 19.4% | 19.1% | 19.6% |
| Net Margin % | - | - | - | - | - | - | -2.8% | 0.7% | 0.0% | -2.8% | -22.6% | 0.4% | 6.0% | 10.0% | 9.3% | 11.3% |
| ROE % | -1.4% | 19.4% | 26.4% | 43.8% | 60.2% | 4.0% | -3.6% | 0.9% | 0.0% | -4.3% | -58.6% | 3.5% | 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% | 6.7% | 10.5% | 14.7% | 13.8% | 15.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 9.72% | 20.83M | $6.00B |
| 2 | State Street Corporation | 6.63% | 14.23M | $4.09B |
| 3 | Wellington Management Group, LLP | 6.61% | 14.18M | $4.08B |
| 4 | Vanguard Capital Management LLC | 6.54% | 14.02M | $4.03B |
| 5 | Vanguard Portfolio Management LLC | 5.46% | 11.70M | $3.37B |
| 6 | Harris Associates L.P. | 3.70% | 7.94M | $2.28B |
| 7 | Geode Capital Management, LLC | 2.84% | 6.08M | $1.75B |
| 8 | NORGES BANK | 1.97% | 4.22M | $1.21B |
| 9 | Blackstone Inc | 1.68% | 3.60M | $1.04B |
| 10 | Morgan Stanley | 1.66% | 3.56M | $1.02B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TRGP
Targa Resources (TRGP) Stock Looks Cheap On Cash Flow But Fair On Earnings - simplywall.st
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$100 Invested In Targa Resources 15 Years Ago Would Be Worth This Much Today - Benzinga
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Targa Resources, Inc. $TRGP Shares Bought by Saudi Central Bank - marketbeat.com
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TRGP: Targa Resources Corp Latest Stock Price, Analysis, News and Trading Ideas - Stocktwits
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Targa Resources (TRGP) Stock Looks Fairly Valued Following Its 7x Five Year Run - Yahoo Finance
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Targa Resources (NYSE:TRGP): What Could Move the Stock Next? - Kalkine Media
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TRGP — Frequently Asked Questions
What is the current share price of Targa Resources Corp. (TRGP)?
As of 2026-09-07 16:24 PDT, Targa Resources Corp. (TRGP) trades at $291.18 on NYSE. Its 52-week range is $143.22 to $302.25.
What is the market capitalisation of TRGP?
Targa Resources Corp. (TRGP) has a market capitalisation of $62.44B on NYSE.
What is the P/E ratio of TRGP?
TRGP trades at a trailing price-to-earnings (P/E) ratio of 27.84. The industry average P/E is 17.53. Its price-to-book (P/B) ratio is 17.59.
Does TRGP pay a dividend?
Targa Resources Corp. (TRGP) currently offers a dividend yield of 1.86%.
What is the return on equity (ROE) of TRGP?
TRGP has a return on equity (ROE) of 62.68%. Its return on capital employed (ROCE) is 15.37%.
Is TRGP a good stock to buy?
This page provides a data-driven analysis of Targa Resources Corp. (TRGP), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.