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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

Loading chart...

High
236.920
Open
233.650
VWAP
234.91
Vol
1.28M
Mkt Cap
49.97B
Low
231.280
Amount
300.38M
EV/EBITDA(TTM)
13.37
Total Shares
214.95M
EV
67.37B
EV/OCF(TTM)
17.20
P/S(TTM)
2.93
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.
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Events Timeline

(ET)
2026-02-19
06:20:00
Targa Resources to Recommend Q1 Dividend Increase of 25% to $1.25
select

News

seekingalpha
8.5
02-26seekingalpha
Targa Resources Prices $1.5 Billion Senior Notes Offering
  • Offering Size: Targa Resources successfully priced a $1.5 billion senior notes offering, which includes $750 million of 4.350% notes due 2031 and $750 million of 6.050% notes due 2056, issued to the public at 99.812% and 99.975% of their face value, reflecting strong market demand for its debt instruments.
  • Use of Proceeds: The net proceeds from this offering will fund general corporate purposes, including repaying commercial paper borrowings, other debts, repurchasing securities, capital expenditures, working capital, and subsidiary investments, aimed at optimizing the company's financial structure and enhancing liquidity.
  • Market Response: Despite strong demand for its debt instruments, Targa Resources faces challenges from industry shrinkage, which may signal potential recession and stagnation risks that could impact its long-term financial performance.
  • Future Outlook: Targa Resources anticipates achieving over $6 billion in EBITDA in its Q4 2025 earnings report and plans to invest $2.5 billion annually in growth capital post-Speedway, demonstrating confidence in its future growth prospects.
Newsfilter
8.5
02-25Newsfilter
Targa Resources Corp. Announces $750 Million Bond Offering
  • Bond Offering Size: Targa Resources Corp. announced a public offering of $1.5 billion in senior notes, consisting of $750 million of 4.350% notes due 2031 and $750 million of 6.050% notes due 2056, priced at 99.812% and 99.975% of face value, respectively.
  • Clear Use of Proceeds: The company intends to utilize the net proceeds from the offering for general corporate purposes, including repaying unsecured commercial paper borrowings, other debt repayments, securities repurchases or redemptions, and funding capital expenditures and investments in subsidiaries, thereby enhancing financial flexibility.
  • Compliance and Transparency: The offering is made pursuant to an effective shelf registration statement and prospectus filed with the SEC, ensuring all transactions comply with Section 10 of the Securities Act of 1933, reflecting the company's commitment to regulatory compliance.
  • Market Position Strengthening: As one of the largest independent infrastructure companies in North America, Targa Resources Corp. further solidifies its market position in the midstream services sector through this bond offering, enhancing its competitiveness in both domestic and international energy markets.
CNBC
4.5
02-20CNBC
Defense Stocks Hit New Highs Amid Energy Sector Rally
  • Defense Stocks Surge: GE Aerospace, Huntington Ingalls, Lockheed Martin, Northrop Grumman, and RTX have all reached new all-time highs, with Lockheed Martin rising 14% in the past month, reflecting strong market confidence in increased defense spending.
  • Energy Sector Rally: Energy stocks like APA Corp, Baker Hughes, and ConocoPhillips have hit new highs, with Baker Hughes up 37% in 2026, indicating optimistic expectations for a recovery in energy demand.
  • Microsoft Insider Buying: Microsoft director John Stanton purchased 5,000 shares for about $2 million, marking one of the largest insider buys in nearly 20 years, despite the stock being down 28% since July 31, suggesting insider confidence in a future rebound.
  • Economic Data Expectations: The U.S. GDP is expected to grow by 2.5% in the fourth quarter, with personal income data also due, as economists forecast a 0.2% increase, which could influence market sentiment and lead to stock market volatility.
Newsfilter
9.5
02-19Newsfilter
Targa Resources Corp. Files 2025 Form 10-K Report
  • Report Submission: Targa Resources Corp. has filed its Form 10-K with the SEC for the year ended December 31, 2025, ensuring investors have timely access to the company's financial information through both the SEC and the company's website.
  • Company Overview: Targa is one of the largest independent infrastructure companies in North America, focusing on midstream services and operating a diversified portfolio of infrastructure assets that are critical for the efficient, safe, and reliable delivery of energy across the U.S. and globally.
  • Market Connectivity: The company's assets connect natural gas and NGLs to domestic and international markets, addressing the growing demand for cleaner fuels and feedstocks, highlighting its significant role in the energy transition.
  • Forward-Looking Statements: The company includes forward-looking statements regarding future financial performance, capital spending, and dividend payments, emphasizing various uncertainties and risks that could impact results, thus advising investors to be aware of potential market volatility.
Fool
6.5
02-19Fool
Cushing Asset Management Reduces Stake in Hess Midstream
  • Share Reduction Details: According to a SEC filing dated January 27, 2026, Cushing Asset Management sold 960,000 shares of Hess Midstream in Q4 2025, with an estimated transaction value of $32.28 million, indicating the fund's strategic response to market fluctuations.
  • Stake Decrease: Following this sale, Cushing's stake in Hess Midstream has decreased to approximately 2.69%, reflecting a diminished confidence in the asset and potentially impacting the overall stability of its investment portfolio.
  • Market Performance Analysis: As of January 26, 2026, Hess Midstream shares were priced at $35.13, reflecting a year-over-year decline of approximately 5.7% and underperforming the S&P 500 by 22.1 percentage points, indicating relative weakness in the market.
  • Investor Focus Points: Hess Midstream is recognized for its stable cash flow and a dividend yield of 7.94%, prompting investors to monitor its cash flow coverage and debt management to assess its attractiveness as an income-focused infrastructure investment.
seekingalpha
9.5
02-19seekingalpha
Targa Resources Reports Record Financial Performance for 2025
  • Significant Performance Growth: Targa Resources achieved a record adjusted EBITDA of $4.96 billion in 2025, a 20% increase from 2024, reflecting exceptional operational and financial performance, with expectations for 2026 EBITDA to rise further to between $5.4 billion and $5.6 billion, indicating strong growth potential.
  • Project Expansion Plans: The company announced the construction of the Yet II processing plant and its 13th fractionator in Texas, along with plans to order long-lead items for two new plants by 2028, which will enhance its market position in the Permian Basin and drive future production growth.
  • Capital Expenditure Strategy: In 2025, Targa invested approximately $3.3 billion in growth capital projects, with an anticipated increase to $4.5 billion in 2026 to support major projects and ongoing volume growth, demonstrating the company's strong commitment to future development.
  • Enhanced Shareholder Returns: The company repurchased $642 million of common shares in 2025 at an average price of $170.45, indicating proactive measures to enhance shareholder value while maintaining approximately $1.9 billion in available liquidity, ensuring financial stability.
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
Morgan Stanley
NULL
to
Overweight
maintain
$266 -> $298
AI Analysis
2026-03-03
Reason
Morgan Stanley
Price Target
$266 -> $298
AI Analysis
2026-03-03
maintain
NULL
to
Overweight
Reason
Morgan Stanley raised the firm's price target on Targa Resources to $298 from $266 and keeps an Overweight rating on the shares. While the firm remains cautious on near-term pullback risk for midstream equities, it adds that U.S. military action in Iran has widened the range of possible outcomes for global oil and gas markets.
RBC Capital
Outperform
maintain
$218 -> $260
2026-02-27
Reason
RBC Capital
Price Target
$218 -> $260
2026-02-27
maintain
Outperform
Reason
RBC Capital raised the firm's price target on Targa Resources to $260 from $218 and keeps an Outperform rating on the shares. The company is positioned well for growth into 2026 and beyond given planned growth projects that are supported by customer demand, which de-risks the capex needs, the analyst tells investors in a research note.
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 20.51, compared to its 5-year average forward P/E of 17.88. 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
17.88
Current PE
20.51
Overvalued PE
22.01
Undervalued PE
13.76

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
9.76
Current EV/EBITDA
11.05
Overvalued EV/EBITDA
11.18
Undervalued EV/EBITDA
8.34

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
1.17
Current PS
2.38
Overvalued PS
1.72
Undervalued PS
0.62

Financials

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Whales Holding TRGP

H
Harvest Fund Advisors LLC
Holding
TRGP
+17.30%
3M Return
K
Kayne Anderson Capital Advisors, L.P.
Holding
TRGP
+16.06%
3M Return
T
Tortoise Capital Advisors, L.L.C.
Holding
TRGP
+15.97%
3M Return
E
Energy Income Partners LLC
Holding
TRGP
+15.51%
3M Return
C
Chickasaw Capital Management, LLC
Holding
TRGP
+15.27%
3M Return
C
Cushing Asset Management, LP
Holding
TRGP
+14.54%
3M Return

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Frequently Asked Questions

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

The current price of TRGP is 236.52 USD — it has increased 1.74

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 March 11 2026.

What is Targa Resources Corp (TRGP) market cap?

Today TRGP has the market capitalization of 49.97B USD.