TRGP

Targa Resources Corp

264.59

Nov 06 • 3:59 PM ET -7.23 (-2.66%)

268.73

Aftermarket • 7:59 PM ET +4.14 (1.56%)

Energy Oil & Gas Midstream USA Large NYSE

Nov 05, 4:41 PMTarga Resources reports Q3 2026 EPS $3.04 vs $2.81 consensus, raises 2026 adjusted EBITDA outlook to at least $6B on record Permian growth

Peers: OKE EPD ET MPLX WES WMB KMI KNTK PAA ENB

| Held by: VTI VOO XLE VO IVV SPY VUG VOT IWP VDE

Scroll to Statements

Index	S&P 500
Market Cap	56.77B
Enterprise Value	76.55B
Income	2.43B
Sales	18.52B
Book/sh	17.79
Cash/sh	0.95
Dividend Est.	4.99 (1.89%)
Dividend TTM	4.75 (1.80%)
Dividend Ex-Date	Oct 30, 2026
Dividend Gr. 3/5Y	38.88% 25.39%
Payout	44.17%
Employees	3570
IPO	Dec 07, 2010

P/E	23.38
Forward P/E	21.07
PEG	1.01
P/S	3.06
P/B	14.87
P/C	278.83
P/FCF	60.79
EV/EBITDA	12.41
EV/Sales	4.13
Quick Ratio	0.66
Current Ratio	0.74
Debt/Eq	5.20
LT Debt/Eq	5.05
Option/Short	Yes / Yes

EPS (ttm)	11.32
EPS next Y	12.56
EPS next Q	2.89
EPS this Y	34.80%
EPS next Y	9.04%
EPS next 5Y	20.83%
EPS past 3/5Y	29.82% -
Sales past 3/5Y	-7.45% 15.75%
EPS Y/Y TTM	52.09%
Sales Y/Y TTM	5.22%
EPS Q/Q	38.26%
Sales Q/Q	32.82%
Earnings	Nov 05 BMO
EPS/Sales Surpr.	0.96% 17.43%

Insider Own	1.57%
Insider Trans	-0.53%
Inst Own	98.44%
Inst Trans	0.68%
ROA	9.06%
ROE	74.66%
ROIC	10.54%
Gross Margin	25.99%
Oper. Margin	23.98%
Profit Margin	13.14%
SMA20	-10.01%
SMA50	-8.56%
SMA200	0.99%
Trades

Shs Outstand	214.48M
Shs Float	211.19M
Short Float	2.65%
Short Ratio	4.61
Short Interest	5.59M
52W High	316.60 -16.43%
52W Low	163.78 61.55%
Volatility	5.27% 3.21%
ATR (14)	10.25
RSI (14)	34.33
Beta	0.79
Rel Volume	2.15
Avg Volume	1.21M
Volume	2,608,569

Perf Week	-16.00%
Perf Month	-8.28%
Perf Quarter	-0.61%
Perf Half Y	6.64%
Perf YTD	43.41%
Perf Year	55.75%
Perf 3Y	202.25%
Perf 5Y	366.81%
Perf 10Y	483.44%
Recom	1.40
Target Price	330.57
Prev Close	271.82
Price	264.59
Change %	-2.66%

Consensus

Strong Buy

Avg. Price Target

$330.57

Implied Upside

+24.9%

Analysts13incl. previous ratings

Rating Distribution12 Buy · 1 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Sep 18, 2026	Upgrade	TTD Cowen	Hold → Buy	$350	+32.3%
Sep 10, 2026	Resumed	SStifel	Buy	$340	+28.5%
Aug 07, 2026	Reiterated	TTD Cowen	Hold	$270 → $275	+3.9%
Jun 25, 2026	Initiated	EErste Group	Buy
Jun 18, 2026	Initiated	JJefferies	Buy	$314	+18.7%
May 11, 2026	Reiterated	TTD Cowen	Hold	$236 → $245	-7.4%
May 04, 2026	Downgrade	SSeaport Research Partners	Buy → Neutral
Mar 24, 2026	Initiated	TTruist	Buy	$279	+5.4%
Feb 23, 2026	Reiterated	TTD Cowen	Hold	$192 → $220	-16.9%
Sep 19, 2025	Initiated	BBMO Capital Markets	Outperform	$185	-30.1%
Jul 07, 2025	Initiated	TTD Cowen	Hold	$192	-27.4%
Jan 10, 2025	Resumed	BScotiabank	Sector Outperform	$218	-17.6%
Oct 17, 2024	Resumed	BBofA Securities	Buy	$182	-31.2%
Oct 06, 2023	Resumed	GGoldman	Buy	$101	-61.8%
Mar 02, 2023	Initiated	BScotiabank	Sector Outperform	$115	-56.5%
Dec 09, 2022	Initiated	CCitigroup	Buy	$95	-64.1%
Sep 08, 2022	Resumed	GGoldman	Buy	$93	-64.9%
May 02, 2022	Resumed	TTruist	Buy	$78	-70.5%
Mar 18, 2022	Upgrade	MMizuho	Neutral → Buy	$58 → $85	-67.9%
Feb 07, 2022	Upgrade	EEvercore ISI	In-line → Outperform	$62	-76.6%

Nov-05-26 04:17PM	Targa Beats As Record Permian Volumes Drive Fourth 2026 Outlook Upgrade, But Fading Marketing Gains And Higher Capex Temper The Quarter (Earnings Whispers)
06:00AM	Targa Resources Corp. Reports Third Quarter 2026 Financial Results and Announces Expectation for a 20% Increase to its 2027 Common Dividend (GlobeNewswire)
Oct-28-26 05:00PM	Targa Must Show Permian Volumes Can Offset Fading Marketing Gains As Shares Near Highs (Earnings Whispers)
Oct-13-26 06:00PM	Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Third Quarter 2026 Earnings Webcast (GlobeNewswire)
Sep-22-26 07:00AM	PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp. (Business Wire)
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Sep-16-26 04:35PM	Targa Resources Corp. Releases Sustainability Report (GlobeNewswire)
Aug-26-26 08:00PM	Bill Nygren's Bold Q2 2026 Move: Trimming Phillips 66 for a -1.81% Portfolio Impact (GuruFocus.com)
Aug-25-26 10:01AM	Targa grants new CFO hefty long-term incentive (CFO Dive)
06:55AM	Targa Resources Corp. Announces Addition of Experienced Industry Executive and Leadership Changes to Support Continued Long-Term Growth (GlobeNewswire)
Aug-18-26 04:30PM	Targa Resources Corp. stock outperforms competitors on strong trading day (MarketWatch) +7.13%
Aug-17-26 04:15PM	Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware (GlobeNewswire)
Aug-06-26 06:00AM	Targa Resources Corp. Reports Record Second Quarter 2026 Financial Results (GlobeNewswire)
Jul-31-26 07:03AM	Targa Resources Corp's Dividend Analysis (GuruFocus.com)
Jul-21-26 09:07AM	Oppenheimer Picks Apple, Amazon, Alphabet as Top Stock Buys (GuruFocus.com)
Jul-16-26 05:00PM	Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2026 Earnings Webcast (GlobeNewswire)
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May-29-26 12:01PM	Bill Nygren's Strategic Moves: A Closer Look at Netflix Inc's 1.51% Portfolio Impact (GuruFocus.com)
May-07-26 06:00AM	Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026 (GlobeNewswire)
Apr-29-26 03:47PM	Midstream Payout Growth Continues Into Q2 2026 (ETF Trends)
Apr-16-26 05:56PM	Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2026 Earnings Webcast (GlobeNewswire)
Mar-13-26 12:05PM	Targa Resources Stock: Is TRGP Underperforming the Energy Sector? (Barchart)
Mar-05-26 12:13PM	Does Targa Resources' 25% Dividend Hike Outlook Make It A Smart Hold? (Zacks)
Mar-03-26 12:36PM	Energy investors go stock picking, benefiting Chevron over Exxon (MarketWatch)
Mar-01-26 12:08AM	Citi Maintains Buy Rating on Targa Resources Corp. (TRGP) (Insider Monkey)
Feb-26-26 10:29PM	Goldman Sachs Raises its Price Target on Targa Resources Corp. (TRGP) to $242 and Maintains a Buy Rating (Insider Monkey)
Feb-25-26 06:16PM	Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes (GlobeNewswire)
11:05AM	Ovintiv Q4 Earnings Surpass Estimates, Revenues Decline Y/Y (Zacks)
10:15AM	Targa Resources price target raised to $262 from $200 at Citi (TipRanks)
Feb-23-26 05:07PM	Targa Resources Q4 Earnings Call Highlights (MarketBeat)
11:59AM	Targa Resources Q4 Earnings Beat Estimates, Revenues Miss (Zacks)
Feb-19-26 06:01PM	Targa Resources Corp (TRGP) Q4 2025 Earnings Call Highlights: Record Financial Performance and ... (GuruFocus.com)
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06:00PM	Compared to Estimates, Targa Resources (TRGP) Q4 Earnings: A Look at Key Metrics (Zacks)
05:40PM	Targa Resources Corp. Announces Form 10-K Available (GlobeNewswire)
06:58AM	Targa Resources Q4 Net Income Rises (RTT News)
06:00AM	Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026 (GlobeNewswire)
Feb-18-26 12:49PM	Are These 3 Energy Stocks Set to Beat Q4 Earnings Estimates? (Zacks)
09:15AM	Seeking Clues to Targa Resources (TRGP) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics (Zacks)
Feb-16-26 09:15AM	Insights Into Targa Resources (TRGP) Q4: Wall Street Projections for Key Metrics (Zacks)
Feb-11-26 02:26PM	Analyst Sentiment on Targa Resources (TRGP) Strengthens Following Recent Analyst Updates (Insider Monkey)
10:55AM	Is Wall Street Bullish or Bearish on Targa Resources Stock? (Barchart)
Jan-19-26 08:54AM	Targa Resources' Quarterly Earnings Preview: What You Need to Know (Barchart)
Jan-15-26 05:00PM	Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2025 Earnings Webcast (GlobeNewswire)
Jan-14-26 08:53AM	Here's Why Oakmark Select Fund Backs Targa Resources (TRGP) (Insider Monkey)
Jan-08-26 01:41PM	Trump wants oil at $50. He thinks Venezuela can help - but oil drillers might not go along. (MarketWatch)
Jan-06-26 04:00PM	Targa Resources Corp. Completes Acquisition of Stakeholder Midstream (GlobeNewswire)
02:00AM	The Venezuela News Lifted Some Oil Stocks. The Losers May Be Better Bets. (Barrons.com)
Dec-09-25 03:03AM	Is Targa Resources Stock Outperforming the Dow? (Barchart)
Dec-03-25 01:38AM	RBC Capital Maintains Outperform Rating on Targa Resources (TRGP) After Q3 Beat (Insider Monkey)
Dec-02-25 10:00AM	The Most Boring Oil Month in Years Sets the Stage for a High-Stakes December (Oilprice.com)
04:34AM	Targa Resources to acquire Stakeholder Midstream in $1.25bn deal (Offshore Technology)
Dec-01-25 08:06AM	Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion (The Wall Street Journal)
07:00AM	Targa Resources Corp. to Acquire Permian Basin Gathering & Processing System for $1.25 Billion (GlobeNewswire)
Nov-20-25 01:21PM	Biggest Gas Pipeline Buildout Since 2008 Propels Trump Energy Push (Bloomberg)
Nov-13-25 08:26AM	Are Wall Street Analysts Bullish on Targa Resources Stock? (Barchart)
Nov-10-25 09:04PM	Targa Resources (TRGP) Jumps Following Q3 Report (Insider Monkey)
Nov-07-25 05:36PM	McDonald's Stock Challenged By a Tougher Economy, Analyst Says. Plus, Marriott, Snowflake, and More. (Barrons.com)
08:44AM	Targa Resources price target raised to $196 from $185 at BMO Capital (TipRanks)
Nov-06-25 05:48PM	Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes (GlobeNewswire)
Nov-05-25 06:02PM	Targa Resources Corp (TRGP) Q3 2025 Earnings Call Highlights: Record Volumes and Strategic ... (GuruFocus.com) +5.25%
03:00PM	Targa Resources (TRGP) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
12:44PM	Top Stock Movers Now: Seagate Technology, McDonald's, Trex, Pinterest, and More (Investopedia)
06:00AM	Targa Resources Corp. Reports Record Third Quarter 2025 Results and Announces Expectation for a 25% Increase to its 2026 Common Dividend (GlobeNewswire)
Nov-04-25 09:15AM	Unlocking Q3 Potential of Targa Resources (TRGP): Exploring Wall Street Estimates for Key Metrics (Zacks)
Oct-31-25 04:47PM	Why Targa Resources, Inc. (TRGP) is a Top Dividend Stock for Your Portfolio (Zacks)
Oct-23-25 12:48PM	Marathon Petroleum Stock Earns 82 RS Rating (Investor's Business Daily)
Oct-21-25 12:00PM	Targa Resources (TRGP) Upgraded to Buy: Here's Why (Zacks)
05:52AM	JPMorgan Lifts PT on Targa Resources (TRGP) Stock (Insider Monkey)
Oct-17-25 09:13AM	Targa Resources Q3 2025 Earnings: What to Expect (Barchart)
Oct-16-25 05:24PM	Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2025 Earnings Webcast (GlobeNewswire)
Oct-15-25 11:45AM	Targa Resources, Inc. (TRGP) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
Oct-10-25 09:26AM	Do You Believe in the Growth Potential of Targa Resources Corp. (TRGP)? (Insider Monkey) -5.51%
Oct-05-25 09:28PM	Targa Resources (TRGP): Among the Energy Stocks that Fell This Week (Insider Monkey)
Oct-01-25 04:50PM	Targa Resources Corp. (TRGP) Launches Forza Pipeline to Boost Delaware Basin Growth (Insider Monkey)
Sep-30-25 04:00PM	Targa Resources Corp. Announces Permian Growth Projects and an Expansion of its Permian to Mont Belvieu NGL Pipeline Transportation System (GlobeNewswire)
Sep-24-25 01:06AM	BMO Capital Initiates Buy Rating on Targa Resources (TRGP) Stock (Insider Monkey)
Sep-23-25 02:36PM	PBF Energy Stock Earns Relative Strength Rating Upgrade (Investor's Business Daily)
Sep-19-25 12:12PM	BMO bullish on US gas midstream stocks on power demand (Investing.com)
Sep-16-25 06:01AM	Is Targa Resources Stock Underperforming the Nasdaq? (Barchart)
Sep-15-25 04:30PM	Targa Resources Corp. Releases Sustainability Report (GlobeNewswire)
Sep-03-25 11:57AM	Targa Opens Non-Binding Forza Pipeline Bids to Boost Delaware Gas Flow (Zacks)
Sep-02-25 08:30AM	Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin (GlobeNewswire)
Aug-27-25 12:34PM	Analyst Report: Targa Resources Corp. (Morningstar Research)
Aug-18-25 07:41AM	Targa Resources Stock: Is It a Smart Hold in Today's Market? (Zacks)
07:02AM	What Are Wall Street Analysts' Target Price for Targa Resources Stock? (Barchart)
Aug-13-25 12:34PM	Targa Resources Signals Steady Leadership and Smart Liquidity Moves Amid Market Volatility (Insider Monkey)
12:34PM	Wells Fargo Bumps Targa Resources Target to $205, Cites Steady Outlook and Permian Growth (Insider Monkey)
08:40AM	Targa Resources Q2 Earnings Beat Estimates, Revenues Miss (Zacks)
Aug-08-25 12:42PM	Analyst Report: Targa Resources Corp. (Morningstar Research)
12:04PM	Targas Outlook Lifts on Record NatGas, NGL Volumes in Permian (Hart Energy)
03:29AM	Targa Resources Corp (TRGP) Q2 2025 Earnings Call Highlights: Record Permian Volumes and ... (GuruFocus.com)
Aug-07-25 03:00PM	Compared to Estimates, Targa Resources (TRGP) Q2 Earnings: A Look at Key Metrics (Zacks)
07:25AM	Targa Resources beats profit estimates on record gas volumes, boosts share buyback program (Reuters)
06:00AM	Targa Resources Corp. Reports Second Quarter 2025 Financial Results (GlobeNewswire)
Aug-04-25 09:15AM	Insights Into Targa Resources (TRGP) Q2: Wall Street Projections for Key Metrics (Zacks)
05:30AM	Cash Windfall From Trump's Tax Law Is Starting to Show Up at Big Companies (The Wall Street Journal)
Jul-21-25 08:31AM	Targa Resources Earnings Preview: What to Expect (Barchart)
Jul-15-25 09:42AM	Is Targa Resources (TRGP) Well Positioned to Grow? (Insider Monkey)
Jul-11-25 10:39AM	Dividends Declared During the Week of July 7 (Hart Energy)
Jul-10-25 06:03PM	Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2025 Earnings Webcast (GlobeNewswire)
Jul-09-25 10:24AM	Targa Resources (TRGP) PT Lifted to $205 from $191 at RBC Capital (Insider Monkey)
Jul-08-25 06:00PM	Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian (Oilprice.com)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Chung Paul W	Director	Sep 01 '26	Sale	296.11	1,816	537,733	44,000	Sep 03 04:30 PM
CRISP CHARLES R	Director	Aug 25 '26	Sale	290.23	3,000	870,690	62,292	Aug 26 04:30 PM
Chung Paul W	Director	Aug 26 '26	Proposed Sale	286.91	5,816	1,668,669		Aug 26 09:44 AM
Davis Waters S IV	Director	Aug 21 '26	Sale	299.67	2,400	719,209	1,529	Aug 25 04:30 PM
CHARLES CRISP	Director	Aug 25 '26	Proposed Sale	290.23	3,000	870,690		Aug 25 04:30 PM
Davis Waters S IV	Director	Aug 20 '26	Proposed Sale	302.25	2,400	725,400		Aug 20 04:31 PM
CRISP CHARLES R	Director	May 12 '26	Sale	255.96	10,602	2,713,738	66,492	May 13 04:30 PM
CHARLES CRISP	Officer	May 12 '26	Proposed Sale	255.96	10,602	2,713,738		May 12 04:17 PM
Muraro Robert	Chief Commercial Officer	Mar 05 '26	Sale	241.34	24,589	5,934,378	197,401	Mar 06 04:30 PM
Muraro Robert	Officer	Mar 05 '26	Proposed Sale	241.34	24,589	5,934,379		Mar 05 01:40 PM
McDonie Patrick J.	See Remarks	Mar 02 '26	Sale	239.36	31,537	7,548,842	305,163	Mar 04 04:30 PM
Branstetter Benjamin James	See Remarks	Mar 02 '26	Sale	238.83	3,258	778,124	29,285	Mar 03 05:00 PM
Branstetter Benjamin James	Officer	Mar 02 '26	Proposed Sale	238.84	3,258	778,124		Mar 02 04:18 PM
McDonie Patrick J.	Officer	Mar 02 '26	Proposed Sale	239.36	31,537	7,548,837		Mar 02 03:52 PM
Cooksen Lindsey	Director	Feb 26 '26	Sale	231.72	435	100,797	11,670	Feb 27 04:30 PM
Pryor D. Scott	See Remarks	Feb 25 '26	Sale	228.92	17,500	4,006,029	31,938	Feb 27 04:30 PM
Kneale Jennifer R.	President	Feb 24 '26	Sale	230.12	29,509	6,790,479	235,260	Feb 25 04:30 PM
CRISP CHARLES R	Director	Feb 24 '26	Sale	229.30	1,359	311,619	77,094	Feb 25 04:30 PM
Pryor D. Scott	Director	Feb 25 '26	Proposed Sale	228.98	29,604	6,778,576		Feb 25 12:11 PM
JENNIFER RIGG KNEALE	Officer	Feb 24 '26	Proposed Sale	230.12	29,509	6,790,464		Feb 24 04:25 PM
CHARLES CRISP	Officer	Feb 24 '26	Proposed Sale	229.30	1,359	311,619		Feb 24 04:19 PM
Cooksen Lindsey	Director	Feb 24 '26	Proposed Sale	228.70	435	99,484		Feb 24 02:29 PM
Shrader Gerald R	See Remarks	Dec 05 '25	Sale	181.21	2,750	498,328	29,561	Dec 09 04:30 PM
Shrader Gerald R	Officer	Dec 05 '25	Proposed Sale	181.21	2,750	498,328		Dec 05 04:25 PM
Pryor D. Scott	See Remarks	Nov 14 '25	Sale	172.21	20,000	3,444,150	22,139	Nov 18 04:30 PM
Pryor D. Scott	Officer	Nov 14 '25	Proposed Sale	172.21	20,000	3,444,144		Nov 14 02:10 PM

Targa Resources Corp. engages in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas. It operates through the following segments: Gathering and Processing, and Logistics and Transportation, and Other. The Gathering and Processing segment includes assets used in the gathering, and purchase and sale of natural gas produced from oil and gas wells. The Logistics and Transportation segment refers to the activities and assets necessary to convert mixed natural gas liquids (NGLs) into NGL products. The Other contains the results of commodity derivative activity mark-to-market gains and losses related to derivative contracts. The company was founded on October 27, 2005 and is headquartered in Houston, TX.

CEO & DirectorMr. Matthew J. Meloy

PresidentMs. Jennifer R. Kneale

President of Gathering & ProcessingMr. Patrick J. McDonie

Chief Commercial OfficerMr. Robert M. Muraro

Executive OfficerMr. William A. Byers

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TRGP

Targa Resources Corp

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