Targa Resources Corp. (TRGP)

US — Energy Sector
Peers: EQT  OKE  CVE  WDS  CQP  OXY  ET  PBA  FANG  PAA 

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Key Metrics & Ratings

  • symbol TRGP
  • Rev/Share 79.7033
  • Book/Share 14.8753
  • PB 16.2496
  • Debt/Equity 5.7406
  • CurrentRatio 0.6661
  • ROIC 0.1209

 

  • MktCap 49772881235.0
  • FreeCF/Share 2.7167
  • PFCF 85.2129
  • PE 27.0289
  • Debt/Assets 0.6984
  • DivYield 0.0173
  • ROE 0.6822

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 2
  • 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
Reiterated TRGP TD Cowen -- Hold $192 $220 Feb. 23, 2026
Initiation TRGP BMO Capital Markets -- Outperform -- $185 Sept. 19, 2025
Initiation TRGP TD Cowen -- Hold -- $192 July 7, 2025
Resumed TRGP Scotiabank -- Sector Outperform -- $218 Jan. 10, 2025
Resumed TRGP BofA Securities -- Buy -- $182 Oct. 17, 2024

News

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.

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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 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.