Targa Resources Corp. (TRGP)

US — Energy Sector
Peers: PAGP  DCP  ETRN  WES    ENLC  PAA  HEP  HESM  MPLX  NS  MMP  CEQP 

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Key Metrics & Ratings

  • symbol TRGP
  • Rev/Share 75.4346
  • Book/Share 11.8059
  • PB 14.4316
  • Debt/Equity 6.6123
  • CurrentRatio 0.6492
  • ROIC 0.1049

 

  • MktCap 35218910200.0
  • FreeCF/Share 2.9348
  • PFCF 55.0726
  • PE 27.0583
  • Debt/Assets 0.7109
  • DivYield 0.02
  • ROE 0.5185

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 3
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Resumed TRGP Scotiabank -- Sector Outperform -- $218 Jan. 10, 2025
Resumed TRGP BofA Securities -- Buy -- $182 Oct. 17, 2024

News

Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now
TRGP
Published: May 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?

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image for news Why Targa Resources, Inc. (TRGP) is a Great Dividend Stock Right Now
3 Refining & Marketing MLPs Poised to Defy Bearish Trends
GLP, SUN, TRGP
Published: May 16, 2025 by: Zacks Investment Research
Sentiment: Negative

Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, SUN and GLP.

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image for news 3 Refining & Marketing MLPs Poised to Defy Bearish Trends
Targa Resources Q1 Earnings Miss Estimates, Expenses Increase Y/Y
TRGP
Published: May 06, 2025 by: Zacks Investment Research
Sentiment: Negative

TRGP's first-quarter adjusted EBITDA totals $1.2 billion, up from $966.2 million in the prior-year period.

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image for news Targa Resources Q1 Earnings Miss Estimates, Expenses Increase Y/Y
Targa Resources, Inc. (TRGP) Could Be a Great Choice
TRGP
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Targa Resources, Inc. (TRGP) have what it takes?

Read More
image for news Targa Resources, Inc. (TRGP) Could Be a Great Choice
Targa Resources Corp. Reports Record First Quarter 2025 Financial Results
TRGP
Published: May 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported first quarter 2025 results.

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image for news Targa Resources Corp. Reports Record First Quarter 2025 Financial Results
How Will These 3 Energy Stocks Perform This Earnings Season?
PBF, TRGP, TRP
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Neutral

Here's a preview of what to expect from energy stocks TRP, TRGP, and PBF ahead of their quarterly earnings reports, set to be released tomorrow.

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image for news How Will These 3 Energy Stocks Perform This Earnings Season?
Stay Ahead of the Game With Targa Resources (TRGP) Q1 Earnings: Wall Street's Insights on Key Metrics
TRGP
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Targa Resources (TRGP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.

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image for news Stay Ahead of the Game With Targa Resources (TRGP) Q1 Earnings: Wall Street's Insights on Key Metrics
Miller-Howard Infrastructure Q4 2024 Commentary
AES, AM, AMT, CCI, EQIX, ETR, HCA, KMI, LNG, NEE, OKE, PAGP, SOBO, TRGP, TRP, WMB
Published: February 26, 2025 by: Seeking Alpha
Sentiment: Positive

Infrastructure portfolio remained flat in Q4 but achieved its strongest calendar year in three years, outperforming its benchmark. Rising interest rates impacted REITs and utilities, while natural gas pipelines benefited from data center and AI trends. Over 80% of portfolio holdings increased dividends annually over the past 5 years, surpassing the large-cap dividend-paying universe.

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image for news Miller-Howard Infrastructure Q4 2024 Commentary
3 Reasons Growth Investors Will Love Targa Resources (TRGP)
TRGP
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Targa Resources (TRGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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image for news 3 Reasons Growth Investors Will Love Targa Resources (TRGP)
Targa Resources (TRGP) Upgraded to Buy: Here's What You Should Know
TRGP
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news Targa Resources (TRGP) Upgraded to Buy: Here's What You Should Know
Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
TRGP
Published: February 24, 2025 by: GlobeNewsWire
Sentiment: Neutral

HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.

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image for news Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
Targa Resources Corp. Announces Form 10-K Available
TRGP
Published: February 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2024. The report may be accessed at www.sec.gov.

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image for news Targa Resources Corp. Announces Form 10-K Available
Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
TRGP
Published: February 20, 2025 by: Seeking Alpha
Sentiment: Neutral

Targa Resources Corp. (NYSE:TRGP ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - TPH Michael Blum - Wells Fargo …

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image for news Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity
TRGP
Published: February 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2024 results.

Read More
image for news Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity

About Targa Resources Corp. (TRGP)

  • IPO Date 2010-12-07
  • Website https://www.targaresources.com
  • Industry Oil & Gas Midstream
  • CEO Mr. Matthew J. Meloy
  • Employees 3370

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it 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 operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.