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TRGP Overview

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$
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
262.115
Open
260.800
VWAP
256.72
Vol
2.38M
Mkt Cap
54.75B
Low
252.970
Amount
611.80M
EV/EBITDA(TTM)
14.06
Total Shares
214.64M
EV
75.43B
EV/OCF(TTM)
20.37
P/S(TTM)
3.40
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 infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products.
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Events Timeline

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News

Yahoo Finance
6.5
05-29Yahoo Finance
Bill Nygren's Investment Moves in Q1 2026
  • New Additions: Bill Nygren added a total of seven stocks in Q1 2026, with Netflix Inc being the largest addition at 3,676,500 shares, accounting for 1.51% of the portfolio and valued at $353.5 million, indicating a continued bullish outlook on the streaming industry.
  • Significant Increases: Nygren increased stakes in 15 stocks, notably Fiserv Inc, with an additional 5,067,100 shares representing a 104.28% increase, bringing total holdings to 9,926,200 shares, reflecting strong confidence in the fintech sector.
  • Complete Exits: In Q1 2026, Nygren completely exited four holdings, including Deere & Co and APA Corp, which impacted the portfolio by -1.49% and -0.52% respectively, indicating a cautious stance on these sectors' outlooks.
  • Reduction Dynamics: Nygren reduced positions in 21 stocks, particularly Warner Bros. Discovery Inc, where he cut 9,088,000 shares, resulting in a 46.78% decrease and a -1.08% impact on the portfolio, reflecting concerns about the media industry's prospects.
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.
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
Citi
Buy
maintain
$262 -> $303
AI Analysis
2026-05-27
New
Reason
Citi
Price Target
$262 -> $303
AI Analysis
2026-05-27
New
maintain
Buy
Reason
Citi raised the firm's price target on Targa Resources to $303 from $262 and keeps a Buy rating on the shares. The firm upped the company's EBITDA estimates to reflect marketing and export upside as well as an improved commodity outlook. Target is positioned for double-digit near-term growth, the analyst tells investors in a research note.
Mizuho
Gabriel Moreen
Outperform
maintain
$260 -> $300
2026-05-27
New
Reason
Mizuho
Gabriel Moreen
Price Target
$260 -> $300
2026-05-27
New
maintain
Outperform
Reason
Mizuho analyst Gabriel Moreen raised the firm's price target on Targa Resources to $300 from $260 and keeps an Outperform rating on the shares. Targa continues to see upward pressure to estimates and its share multiple may be "capitalized at 'higher-for-longer' in the current energy backdrop," the analyst tells investors in a research note. The firm says the company offers "peer-leading volume growth and positioning in the nexus of Permian activity with leading producers."
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Valuation Metrics

The current forward P/E ratio for Targa Resources Corp (TRGP.N) is 24.10, 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
24.10
Overvalued PE
21.97
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
9.83
Current EV/EBITDA
11.98
Overvalued EV/EBITDA
11.27
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
1.27
Current PS
2.50
Overvalued PS
1.86
Undervalued PS
0.68

Financials

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Whales Holding TRGP

D
D. E. Shaw & Co., L.P.
Holding
TRGP
+26.29%
3M Return
E
Eventide Asset Management, LLC
Holding
TRGP
+19.45%
3M Return
H
Hennion & Walsh Asset Management, Inc.
Holding
TRGP
+14.66%
3M Return
N
Neuberger Berman Investment Advisers LLC
Holding
TRGP
+13.43%
3M Return
U
UniSuper Management Pty Ltd
Holding
TRGP
+13.15%
3M Return
W
Wellington Management Group
Holding
TRGP
+12.97%
3M Return

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Frequently Asked Questions

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

The current price of TRGP is 255.07 USD — it has decreased -2.69

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 infrastructure assets. Its segments include Gathering and Processing, and Logistics and Transportation. The Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells, removing impurities and processing this raw natural gas into merchantable natural gas by extracting natural gas liquids (NGLs); and assets used for the gathering, terminaling and/or purchase and sale of crude oil. The Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products and also includes other assets and value-added services such as transporting, storing, fractionating, terminaling, and marketing of NGLs and 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 31 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 54.75B USD.