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TRGP Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
253.630
Open
252.160
VWAP
249.72
Vol
1.44M
Mkt Cap
53.26B
Low
247.420
Amount
359.25M
EV/EBITDA(TTM)
13.50
Total Shares
214.64M
EV
72.42B
EV/OCF(TTM)
19.56
P/S(TTM)
3.22
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.
Show More

Events Timeline

(ET)
2026-05-07
06:10:00
Q1 Adjusted EBITDA Reaches $1.40B
select
2026-04-16 (ET)
2026-04-16
18:00:00
Cash Dividend to be Paid on May 15, 2026
select

News

seekingalpha
9.5
05-07seekingalpha
Targa Resources Reports Record Q1 2026 Earnings Amid Challenges
  • Record EBITDA: Targa Resources reported an adjusted EBITDA of $1.4 billion for Q1 2026, reflecting a 5% sequential increase primarily driven by contributions from its Permian Basin acquisition and optimization opportunities, demonstrating the company's ability to achieve profit growth amid challenges.
  • Volume Growth: Despite severe winter weather and producer shut-ins due to weak Waha gas prices, Permian volumes are currently over 250 million cubic feet per day higher than the first quarter average, indicating effective resource management by the company.
  • Capital Expenditure Plans: The company estimates net growth capital spending for 2026 to be approximately $4.5 billion, unchanged despite the announcement of two new Permian gas processing plants, showcasing its commitment to future growth.
  • Shareholder Return Strategy: Targa declared a common dividend of $1.25 per share for the first quarter and repurchased $55 million in common shares during the period, reflecting proactive measures to enhance shareholder value.
seekingalpha
9.5
05-07seekingalpha
Targa Resources Reports Q1 2026 Earnings Highlights
  • Net Income Growth: Targa Resources reported a net income of $480 million for Q1 2026, a significant increase from $271 million in Q1 2025, indicating ongoing improvements in profitability despite a decline in overall revenue.
  • Revenue Decline: The company's revenue for the first quarter was $4.09 billion, down 10.3% year-over-year, missing market expectations by $590 million, which may exert some pressure on investor confidence.
  • EBITDA Guidance Increase: Targa has raised its full-year 2026 adjusted EBITDA estimate to between $5.7 billion and $5.9 billion, reflecting management's optimistic outlook for future performance, potentially attracting more investor interest.
  • Dividend Growth Support: The growth momentum at Targa Resources supports future dividend increases, demonstrating the company's strategic commitment to maintaining stable cash flows and returning value to shareholders.
seekingalpha
9.5
05-06seekingalpha
Targa Resources to Announce Q1 Earnings on May 7
  • Earnings Announcement: Targa Resources is set to release its Q1 2023 earnings on May 7 before market open, with consensus EPS estimates at $2.57 and revenue expectations at $4.68 billion, indicating stable performance in the market.
  • Earnings Forecast Adjustments: Over the past three months, Targa's EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced two upward and two downward revisions, reflecting analyst divergence and market uncertainty regarding the company's future performance.
  • Market Performance Analysis: Although Targa Resources' stock has performed well, analysts believe there is still potential for further growth, particularly in the current energy market environment, which could drive stock price increases.
  • Industry Positioning: Morgan Stanley has identified Targa Resources as a top midstream pick, underscoring its strong position in the industry and confidence in future growth, especially in the performance of its liquefied petroleum gas (LPG) export operations.
Fool
8.5
05-01Fool
Energy Transfer's Unit Price Poised for Significant Upside
  • Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
  • Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
  • LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
  • Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
NASDAQ.COM
8.5
05-01NASDAQ.COM
Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
  • Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
  • LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
  • Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
  • Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
Yahoo Finance
6.5
04-29Yahoo Finance
Cushing Exits Hess Midstream Completely
  • Share Sale: Cushing Asset Management sold all 1,357,200 shares of Hess Midstream in Q1 2026, with an estimated transaction value of $50.29 million, indicating a complete exit that reflects diminished confidence in the asset.
  • Value Decline: The quarter-end value of Hess Midstream's position dropped by $46.82 million due to both the sale and stock price changes, suggesting a less optimistic market outlook that impacts its standing in Cushing's portfolio.
  • Portfolio Restructuring: Cushing's top five holdings are large, diversified pipeline operators, and the concentrated asset base of Hess Midstream, which relies heavily on a single core customer (Chevron), led to its removal from the portfolio, indicating a preference for broader risk diversification.
  • Market Performance: As of April 27, 2026, Hess Midstream shares were priced at $37.02, reflecting a 3.2% increase over the past year, yet underperforming the S&P 500 by 26.34 percentage points, highlighting its competitive challenges in the market.
Wall Street analysts forecast TRGP stock price to rise
8 Analyst Rating
Wall Street analysts forecast TRGP stock price to rise
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
188.00
Averages
214.75
High
266.00
Current: 0.000
sliders
Low
188.00
Averages
214.75
High
266.00
Stifel
Buy
maintain
$243 -> $268
AI Analysis
2026-05-08
New
Reason
Stifel
Price Target
$243 -> $268
AI Analysis
2026-05-08
New
maintain
Buy
Reason
Stifel raised the firm's price target on Targa Resources to $268 from $243 and keeps a Buy rating on the shares.
Wells Fargo
Overweight
maintain
$264 -> $270
2026-05-08
New
Reason
Wells Fargo
Price Target
$264 -> $270
2026-05-08
New
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on Targa Resources to $270 from $264 and keeps an Overweight rating on the shares. The firm notes Targa continues to deliver strong results, driven by consistent volume growth and strong end-market demand.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for TRGP
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Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 24.57, compared to its 5-year average forward P/E of 17.83. For a more detailed relative valuation and DCF analysis to assess Targa Resources Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
17.83
Current PE
24.57
Overvalued PE
21.96
Undervalued PE
13.69

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.81
Current EV/EBITDA
10.90
Overvalued EV/EBITDA
11.23
Undervalued EV/EBITDA
8.40

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.25
Current PS
2.38
Overvalued PS
1.83
Undervalued PS
0.67

Financials

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Whales Holding TRGP

A
ARS Investment Partners, LLC
Holding
TRGP
+20.71%
3M Return
D
D. E. Shaw & Co., L.P.
Holding
TRGP
+15.38%
3M Return
R
Recurrent Investment Advisors LLC
Holding
TRGP
+13.87%
3M Return
H
Hennion & Walsh Asset Management, Inc.
Holding
TRGP
+12.08%
3M Return
O
Ofi Invest Asset Management
Holding
TRGP
+10.40%
3M Return
E
Exchange Traded Concepts, LLC
Holding
TRGP
+9.99%
3M Return

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Frequently Asked Questions

What is Targa Resources Corp (TRGP) stock price today?

The current price of TRGP is 248.12 USD — it has decreased -1.71

What is Targa Resources Corp (TRGP)'s business?

Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.

What is the price predicton of TRGP Stock?

Wall Street analysts forecast TRGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRGP is214.75 USD with a low forecast of 188.00 USD and a high forecast of 266.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Targa Resources Corp (TRGP)'s revenue for the last quarter?

Targa Resources Corp revenue for the last quarter amounts to 4.34B USD, decreased -10.60

What is Targa Resources Corp (TRGP)'s earnings per share (EPS) for the last quarter?

Targa Resources Corp. EPS for the last quarter amounts to 2.21 USD, increased 142.86

How many employees does Targa Resources Corp (TRGP). have?

Targa Resources Corp (TRGP) has 3570 emplpoyees as of May 11 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 53.26B USD.