Targa Resources Corp. (TRGP)
| Market Cap | 61.48B +69.6% |
| Revenue (ttm) | 16.74B -2.0% |
| Net Income | 2.26B +38.4% |
| EPS | 10.46 +50.1% |
| Shares Out | 214.43M |
| PE Ratio | 27.40 |
| Forward PE | 25.41 |
| Dividend | $5.00 (1.74%) |
| Ex-Dividend Date | Jul 31, 2026 |
| Volume | 791,725 |
| Open | 287.78 |
| Previous Close | 288.49 |
| Day's Range | 285.99 - 292.01 |
| 52-Week Range | 144.14 - 307.94 |
| Beta | 0.80 |
| Analysts | Strong Buy |
| Price Target | 325.71 (+13.61%) |
| Est. Earnings | Nov 4, 2026 |
About TRGP
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, s... [Read more]
Financial Performance
In 2025, Targa Resources's revenue was $17.03 billion, an increase of 3.95% compared to the previous year's $16.38 billion. Earnings were $1.84 billion, an increase of 45.05%.
Financial StatementsAnalyst Summary
According to 22 analysts, the average rating for TRGP stock is "Strong Buy." The 12-month stock price target is $325.71, which is an increase of 13.61% from the latest price.
News
Midstream Free Cash Flow Drives Growth & Capital Returns
Over the past decade, the North American midstream universe has undergone a significant transformation. This has been driven in large part by companies' increased free cash flow generation.
PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
MIDLAND, Texas--(BUSINESS WIRE)--PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
Targa Resources Corp. Releases Sustainability Report
HOUSTON, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa", the "Company", or “our”) announced today that our Sustainability Report for 2025 is now available on the Compan...
Midstream Scales Up Natural Gas Infrastructure
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NG...
Targa Resources Corp. Announces Addition of Experienced Industry Executive and Leadership Changes to Support Continued Long-Term Growth
HOUSTON, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced the addition of a key experienced team member to further strengthen the depth o...
Targa Resources Secures 20-Year Deal With ExxonMobil
Targa Resources Corp (TRGP) announced a major infrastructure expansion after securing long-term, fee-based agreements with ExxonMobil (XOM) across the Permian Delaware and Midland basins. The deal sig...
Targa Resources Slides: Investor presentation
Targa Resources has posted slides in relation to its latest quarterly earnings report, which was published on August 18, 2026.
Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware
Highlights Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil's development of its premier Permian Basin acreage Establishes an extensive new area of mutual inter...
Expert says ‘stalemate' in Hormuz gives an opportunity to energy plays
Tortoise Capital senior portfolio manager Brian Kessens discusses whether energy stocks are overvalued on ‘The Claman Countdown.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #...
Targa Resources Earnings Call Transcript: Q2 2026
Q2 2026 saw record adjusted EBITDA and volumes, driven by robust Permian activity and downstream growth. Full-year guidance was raised to the top end, with strong capital allocation, major project execution, and expanding export capacity positioning for continued growth into 2027.
Targa Resources Slides: Q2 2026
Targa Resources has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 6, 2026.
Targa Resources Earnings release: Q2 2026
Targa Resources released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
Targa Resources Quarterly report: Q2 2026
Targa Resources has published its Q2 2026 quarterly earnings report on August 6, 2026.
Targa beats second-quarter profit estimates on record Permian volumes
U.S. pipeline operator Targa Resources beat Wall Street estimates for second-quarter core profit on Thursday, as record Permian natural gas volumes and higher demand for its transportation and expor...
Targa Resources Corp. Reports Record Second Quarter 2026 Financial Results
HOUSTON, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported second quarter 2026 results.
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2026 Earnings Webcast
HOUSTON, July 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $1.25 per...
Targa Resources Earnings Call Transcript: Q1 2026
Record Q1 adjusted EBITDA and volumes were achieved despite weather and price-driven shut-ins, prompting a $300M guidance increase for 2026. Strong Permian growth, new plant expansions, and robust LPG export demand position the company for continued outperformance.
Targa Resources Earnings release: Q1 2026
Targa Resources released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.
Targa Resources Slides: Q1 2026
Targa Resources has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.
Targa Resources Quarterly report: Q1 2026
Targa Resources has published its Q1 2026 quarterly earnings report on May 7, 2026.
Pipeline operator Targa forecasts core profit above estimates on boost in gas volumes
Pipeline operator Targa Resources forecast current-year adjusted core profit above analysts' expectations on Thursday, helped by higher transport volumes of natural gas liquids through its system.
Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026
HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2026 results. First quarter 2026 net income attributable to...
Targa Resources Slides: Investor presentation
Targa Resources has posted slides in relation to its latest quarterly earnings report, which was published on May 6, 2026.
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2026 Earnings Webcast
HOUSTON, April 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its board of directors has declared an increase to its quarterly cash div...