Targa Resources Inc (TRGP)

Currency in USD
287.35
+1.67(+0.58%)
Real-time Data·
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Fair Value
Day's Range
283.37288.61
52 wk Range
144.14307.94
Key Statistics
Prev. Close
285.68
Open
286.84
Day's Range
283.37-288.61
52 wk Range
144.14-307.94
Volume
436.85K
Average Volume (3m)
1.23M
1-Year Change
76.2919%
Book Value / Share
17.04
Fair Value
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Fair Value Upside
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TRGP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
318.05
Upside
+10.68%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings upwards for the upcoming period

Targa Resources Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Buy
Moving Averages
Sell

Analyst Ratings

20 Buy
2 Hold
0 Sell
Ratings:
22 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 318.05
(+10.68% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Morgan Stanley
Buy359.00+24.55%343.00Maintain16-09-2026
Mizuho
Buy320.00+11.02%300.00Maintain11-09-2026
Scotiabank
Buy314.00+8.94%257.00Maintain10-09-2026
Stifel
Buy340.00+17.96%-New Coverage09-09-2026
Wells Fargo
Buy324.00+12.41%282.00Maintain02-09-2026

Targa Resources Inc SWOT Analysis


NGL Market Leade
Explore Targa Resources Corp.'s dominant position in the Natural Gas Liquids sector, leveraging its strong Permian Basin presence for sustained growth
Financial Resilience
Delve into TRGP's robust financial health, with a market cap of $35.3 billion and projected EPS growth, despite volatile energy market conditions
Strategic Expansion
Learn about TRGP's growth strategies, focusing on Gathering & Processing operations expansion and downstream asset development for long-term stability
Market Outlook
Analyst consensus recommendation of 1.41, with price targets ranging from $157 to $240, reflecting confidence in TRGP's market position and growth potential
Read full SWOT analysis

Targa Resources Inc Earnings Call Summary for Q2/2026

  • Targa posted Q2 2026 EPS of $2.81, beating estimates of $2.74; revenue of $4.44B missed forecast of $4.84B; shares rose 3.79% to $269.96.
  • Adjusted EBITDA surged 38% YoY to record $1.603B; full-year 2026 EBITDA guidance raised to high end of $5.7B-$5.9B range, implying ~$1B growth.
  • Permian gas volumes hit record 7.2 BCF/day, up 14% YoY; NGL transportation, fractionation, and LPG exports all reached quarterly records.
  • Company raised quarterly dividend 25% to $1.25/share; maintaining $4.5B growth capex plan with five Permian plants under construction.
  • Marketing businesses outperformed by $250M in H1 2026; management cautioned second-half gains will be lower as unusual optimization opportunities fade.
Last Updated: 06-08-2026, 09:56 pm
Read Full Transcript

Earnings

Latest Release
06-08-2026
EPS / Forecast
3.55 / 2.74
Revenue / Forecast
4.44B / 4.84B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 10.46%
Dividend Yield
1.74%
Industry Median 4.13%
Annualised payout
5.00
Paid quarterly
5-Years Growth
+62.27%
Growth Streak

TRGP Income Statement

Compare TRGP to Peers and Sector

Metrics to compare
TRGP
Peers
Sector
Relationship
P/E Ratio
27.4x20.3x5.8x
PEG Ratio
0.540.380.00
Price/Book
16.9x2.3x1.1x
Price / LTM Sales
3.7x2.2x1.5x
Upside (Analyst Target)
11.3%18.7%22.0%
Fair Value Upside
Unlock7.4%7.0%Unlock

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
123.37M57.53%35.44B
Other Institutional Investors
87.12M40.63%25.03B
Public Companies & Retail Investors
3.94M1.84%1.13B
Total
214.43M100.00%61.6B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.9.72%2,08,32,68759,84,189
Vanguard Capital Management, LLC7.11%1,52,48,45843,80,120

FAQ

What Is the Targa Resources (TRGP) Share Price Today?

The Targa Resources share price today is 287.35.

What is the current Targa Resources (TRGP) share price and day range?

As of 16-09-2026, the Targa Resources share price is 287.35, with a previous close of 285.68. The share price has ranged from 283.37 to 288.61 today, while the 52-week range spans from 144.14 to 307.94.

What Is the Targa Resources Market Cap?

As of today, Targa Resources market cap is 61.75B.

Does Targa Resources Pay Dividends? What's The Current Dividend Yield?

The Targa Resources dividend yield is 1.74%.

What Is the Targa Resources (TRGP) Share Price Target?

The average 12-month share price target for Targa Resources is 318.05, with a high estimate of 351 and a low estimate of 275. 20 analysts recommend buying, while 0 suggest selling, with an overall rating of Strong Buy and +10.68% Upside potential.

What Is Targa Resources's Earnings Per Share (TTM)?

The Targa Resources EPS (TTM) is 10.46.

When Is the Next Targa Resources Earnings Date?

Targa Resources will release its next earnings report on 29-10-2026.

From a Technical Analysis Perspective, Is TRGP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

What Stock Exchange Does Targa Resources Trade On?

Targa Resources is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for Targa Resources?

The stock symbol for Targa Resources is "TRGP."

How Many Times Has Targa Resources Stock Split?

Targa Resources has split 0 times.

How Many Employees Does Targa Resources Have?

Targa Resources has 3570 employees.

What Is the TRGP Premarket Price?

TRGP's last pre-market stock price is 289.03. The pre-market share volume is 20.00, and the stock has changed by 3.35, or 1.17%.
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