Why Targa Resources, Inc. (TRGP) is a Top Growth Stock for the Long-Term
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Zacks Investment Research9/1/2026Positive
TRGP
Targa Resources IncNYSEENERGYOIL & GAS MIDSTREAM
Key Statistics
Market Cap
$62.20B
P/E Ratio
27.70
EPS
$10.47
Beta
0.72
52W High
$307.94
52W Low
$141.11
50-Day MA
$277.76
200-Day MA
$237.97
Dividend Yield
1.53%
Profit Margin
13.60%
Forward P/E
24.21
PEG Ratio
1.23
About Targa Resources Inc
Targa Resources Corp. The company is headquartered in Houston, Texas.
Fundamentals
| Revenue (TTM) | $16.74B |
| Gross Profit (TTM) | $7.23B |
| EBITDA | $5.50B |
| Operating Margin | 27.80% |
| Return on Equity | 70.80% |
| Return on Assets | 9.24% |
| Revenue/Share (TTM) | $77.92 |
| Book Value | $14.61 |
| Price-to-Book | 17.21 |
| Price-to-Sales (TTM) | 3.71 |
| EV/Revenue | 4.921 |
| EV/EBITDA | 15.02 |
| Quarterly Earnings Growth (YoY) | 23.30% |
| Quarterly Revenue Growth (YoY) | 4.20% |
| Shares Outstanding | $214.43M |
| Float | $210.99M |
| % Insiders | 1.38% |
| % Institutions | 97.58% |
Historical Volatility
HV 10-Day
26.04%
HV 20-Day
35.59%
HV 30-Day
38.61%
HV 60-Day
33.33%
HV Rank
98.4%
Volatility is currently contracting
Analyst Ratings
Consensus ($313.10 target)
6
Strong Buy14
Buy3
HoldLatest News
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.
ETF Trends9/1/2026Positive
Why Targa Resources, Inc. (TRGP) is a Top Momentum Stock for the Long-Term
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Zacks Investment Research8/27/2026Positive
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 (NGL) exports. Companies also demonstrated the defensive nature of their fee-based cash flows.
ETF Trends8/25/2026Positive
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 of Targa's executive leadership team and further position the Company for continued long term success. This addition and the organizational changes announced today were approved by Targa's Board of Directors and are effective September 1, 2026.
GlobeNewsWire8/25/2026Neutral
How Targa's ExxonMobil Deal Could Extend Its Permian Growth Runway
TRGP's 20-year ExxonMobil agreements support new Permian infrastructure through 2046, while higher 2026 growth spending raises execution stakes.
Zacks Investment Research8/21/2026Positive
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 significantly bolsters Targa's processing and takeaway capabilities while offering midstream investors enhanced cash-flow visibility.
ETF Trends8/21/2026Positive
Targa Resources' Stock Near 52-Week High: Time to Lock in Gains? (Revised)
TRGP nears a 52-week high after an 85.2% rally, but premium valuation, heavy spending and moderating marketing gains raise questions.
Zacks Investment Research8/21/2026Positive
Targa Resources: Reloading The Chamber For Growth With ExxonMobil Deal
Targa Resources secures a transformative 20-year midstream agreement with ExxonMobil, anchoring long-term growth and volume certainty. TRGP will invest in three new processing plants, a 70-mile pipeline, and potentially five additional plants, extending its aggressive growth trajectory. The XOM partnership delays the free cash flow inflection beyond 2028, but rising base EBITDA and project completions maintain positive FCF trends.
Seeking Alpha8/20/2026Positive
Targa Resources' Stock Near 52-Week High: Time to Lock in Gains?
TRGP nears a 52-week high after an 85.2% rally, but premium valuation, heavy spending and moderating marketing gains raise questions.
Zacks Investment Research8/19/2026Positive
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Data last updated: 9/7/2026