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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

Loading chart...

High
235.720
Open
233.850
VWAP
232.54
Vol
1.41M
Mkt Cap
49.73B
Low
230.390
Amount
328.39M
EV/EBITDA(TTM)
13.49
Total Shares
214.80M
EV
67.98B
EV/OCF(TTM)
17.35
P/S(TTM)
2.97
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)
2026-04-16
18:00:00
Cash Dividend to be Paid on May 15, 2026
select

News

seekingalpha
8.0
04-17seekingalpha
Targa Resources Increases Quarterly Dividend by 25%
  • Dividend Increase: Targa Resources has declared a quarterly dividend increase from $1.00 to $1.25 per share, representing a 25% rise, which reflects the company's ongoing improvement in profitability and cash flow, thereby boosting investor confidence.
  • Yield Overview: With the new dividend, the forward yield stands at 2.08%, not only attracting income-seeking investors but also potentially enhancing the stock's market appeal, which could drive the share price higher.
  • Payment Details: The new dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, ensuring shareholders receive their earnings promptly and further solidifying the relationship between the company and its investors.
  • Market Performance: Targa Resources' stock has performed well in the past, and while the current dividend increase indicates financial health, there remains potential for further growth, which may attract more long-term investors to the stock.
Newsfilter
8.0
04-16Newsfilter
Targa Resources Corp. Announces Increase in Quarterly Dividend
  • Dividend Increase: Targa Resources Corp. has declared a quarterly cash dividend of $1.25 per share for Q1 2026, reflecting a 25% increase from Q1 2025, indicating the company's strong profitability and commitment to shareholder returns.
  • Payment Schedule: The dividend will be paid on May 15, 2026, to shareholders of record as of April 30, 2026, ensuring timely returns for investors and enhancing their confidence in the company.
  • Earnings Release Plan: The company will report its Q1 2026 financial results before the market opens on May 7, 2026, and will host a live webcast at 11:00 AM ET, providing transparency and engaging with investors regarding performance.
  • Industry Position: As one of the largest independent infrastructure companies in North America, Targa's leadership in midstream services and its diversified asset portfolio ensure its competitive advantage in the growing clean fuel market.
Yahoo Finance
8.0
04-16Yahoo Finance
Targa Resources Corp. Increases Quarterly Dividend by 25%
  • Dividend Increase: Targa Resources Corp. announced a quarterly cash dividend increase to $1.25 per share for Q1 2026, representing a 25% rise from Q1 2025, reflecting the company's robust profitability and stable cash flow.
  • Payment Schedule: The dividend will be paid on May 15, 2026, with a record date of April 30, 2026, ensuring timely returns for shareholders and enhancing investor confidence.
  • Earnings Release Plan: The company will report its Q1 2026 financial results before market open on May 7, 2026, and will host a live webcast, further improving transparency and engaging with investors on future outlooks.
  • Market Position: As one of the largest independent infrastructure companies in North America, Targa plays a critical role in connecting natural gas and NGL markets, and the ongoing dividend increase is likely to attract more investor interest in its potential within the clean energy sector.
CNBC
2.0
04-13CNBC
Stock Price Movements of Various Companies
  • Oracle AI Capabilities Boost: At the Customer Edge Summit, Oracle announced that its AI platform helped residential utility customers save $369 million in 2025, leading to a more than 9% increase in shares, indicating enhanced competitiveness in the cloud computing sector.
  • Conagra CEO Transition: Conagra announced that John Brase will take over as CEO on June 1, resulting in a more than 5% drop in shares, reflecting market unease over leadership changes, with shares down over 17% in 2026.
  • Allogene Therapeutics Clinical Success: The biotech company saw its shares soar nearly 30% after positive phase 2 data showed its CAR T treatment significantly improved cancer cell eradication in lymphoma patients, laying a strong foundation for future product line expansion.
  • Goldman Sachs Earnings Beat: Despite its fixed income trading falling short of expectations, Goldman Sachs posted an earnings and revenue beat in its first-quarter report, with shares down over 2%, indicating market caution regarding its future performance.
CNBC
9.5
04-13CNBC
Goldman Sachs Earnings Beat Expectations Yet Shares Decline
  • Goldman Sachs Earnings: Goldman Sachs reported Q1 earnings of $17.55 per share and $17.23 billion in revenue, exceeding expectations, yet shares fell over 2%, indicating market disappointment over fixed income, currencies, and commodities trading performance.
  • Williams-Sonoma Upgrade: Williams-Sonoma shares rose more than 2% after Goldman Sachs upgraded the stock to buy, with analysts highlighting the company's strong brand portfolio in retail, reflecting market confidence in its growth potential.
  • Best Buy Downgrade: Goldman Sachs downgraded Best Buy to sell, resulting in a 4% drop in shares, as analysts warned that while Q1 may benefit from a pull-forward in PC demand, sales risks loom due to rising memory costs impacting future pricing.
  • Energy Stocks Surge: Energy stocks rallied as oil prices climbed above $103 following the U.S. Navy's blockade announcement on the Strait of Hormuz, showcasing market optimism regarding energy demand amidst geopolitical tensions.
moomoo
6.0
04-07moomoo
TARGA RESOURCES CORP.: BARCLAYS INCREASES TARGET PRICE FROM $226 TO $255
  • Target Price Increase: Barclays has raised its price target for Targa Resources Corp. from $226 to $255.
  • Market Implications: This adjustment reflects Barclays' positive outlook on Targa Resources' performance and market position.
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
Goldman Sachs
John Mackay
Buy
maintain
$242 -> $268
AI Analysis
2026-04-20
New
Reason
Goldman Sachs
John Mackay
Price Target
$242 -> $268
AI Analysis
2026-04-20
New
maintain
Buy
Reason
Goldman Sachs analyst John Mackay raised the firm's price target on Targa Resources to $268 from $242 and keeps a Buy rating on the shares. The sector has outperformed year to date, driven by rotation into energy equities and disruption from Middle East tensions, with continued high stock-level dispersion expected, the analyst tells investors in a research note. Key drivers include strong U.S. natural gas demand from LNG expansion and data center power needs, potential upside in Permian supply-related gas and water activity, and a structurally improved LNG outlook, with limited expected U.S. supply response to the Iran disruption, the firm says.
Scotiabank
Outperform
maintain
$246 -> $249
2026-04-13
Reason
Scotiabank
Price Target
$246 -> $249
2026-04-13
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Targa Resources to $249 from $246 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Midstream stocks under its coverage, the analyst tells investors. The elevated commodity price environment is resulting to a more muted impact to FY26 earnings compared to expectations, the analyst adds. Despite the sharp increase in prices, Scotiabank maintains the view that upstream development activity likely remains unchanged this year.
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 22.73, compared to its 5-year average forward P/E of 17.81. 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
17.81
Current PE
22.73
Overvalued PE
21.93
Undervalued PE
13.70

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
10.08
Overvalued EV/EBITDA
11.22
Undervalued EV/EBITDA
8.39

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
1.23
Current PS
2.19
Overvalued PS
1.80
Undervalued PS
0.66

Financials

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Targa Resources Corp
51.38B

Whales Holding TRGP

O
Ofi Invest Asset Management
Holding
TRGP
+46.79%
3M Return
Y
Yaupon Capital Management LP
Holding
TRGP
+19.36%
3M Return
R
Recurrent Investment Advisors LLC
Holding
TRGP
+17.59%
3M Return
M
Merewether Investment Management LP
Holding
TRGP
+16.84%
3M Return
D
Duff & Phelps Investment Management Co.
Holding
TRGP
+12.58%
3M Return
A
ARS Investment Partners, LLC
Holding
TRGP
+11.97%
3M Return

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Frequently Asked Questions

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

The current price of TRGP is 231.51 USD — it has decreased -1.69

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 4.11B USD, decreased -9.22

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 2.51 USD, increased 74.31

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

Targa Resources Corp (TRGP) has 3570 emplpoyees as of April 21 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 49.73B USD.