(TRGP) Targa Resources - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US87612G1013

Stock: Natural Gas, NGL, Crude Oil, Propane, Logistics

Total Rating 43

Risk 67

Buy Signal -0.04

Oil & Gas Midstream » Oil & Gas Storage & Transportation
Age: 15.2y

Market Cap: 41,209m
Avg Trading Vol: 232M USD

ATR: 2.60%
Peers RS (IBD): 62.75

EPS (Earnings per Share)

EPS CAGR: -9.31%
EPS Trend: 31.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -6.66%
Rev. Trend: -49.9%

Last SUE: -1.00
Qual. Beats: 0

Dividends

Dividend Yield	2.34%
Yield on Cost 5y	15.80%
Yield CAGR 5y	74.98%
Payout Consistency	90.5%
Payout Ratio	51.7%

Risk 5d forecast
Volatility	25.4%
Relative Tail Risk	4.41%

Reward TTM
Sharpe Ratio	0.08
Alpha	-14.69

Character TTM
Beta	1.010
Beta Downside	1.723

Drawdowns 3y
Max DD	31.61%
CAGR/Max DD	1.38

Description: TRGP Targa Resources January 28, 2026

Targa Resources Corp. (TRGP) and its subsidiary Targa Resources Partners LP own and operate a diversified set of midstream assets across North America, split between a Gathering & Processing segment and a Logistics & Transportation segment. Their core activities include gathering, compressing, treating, processing, and transporting natural gas; storing, fractionating, and marketing natural gas liquids (NGLs) and propane; and providing crude-oil terminaling and logistics services to refiners and petrochemical plants, especially in the Gulf Coast.

Recent operating data (Q1 2025) show an adjusted EBITDA of $1.22 billion, up 8 % YoY, driven by higher NGL processing volumes (≈1.5 MMbbl/d capacity at 85 % utilization) and stronger natural-gas price differentials ($2.6/MMBtu versus $2.1/MMBtu a year earlier). The company now manages roughly 531 railcars, 131 tractors, and two pressurized NGL barges, reflecting a modest expansion of its transport fleet. A key sector catalyst is the 4 % annual growth in U.S. NGL demand, supported by expanding petrochemical feedstock needs and rising LPG exports.

For a deeper quantitative assessment, you may want to explore ValueRay’s detailed model on TRGP.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income: 1.65b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.20 > 1.0
NWC/Revenue: -3.82% < 20% (prev -3.68%; Δ -0.14% < -1%)
CFO/TA 0.15 > 3% & CFO 3.74b > Net Income 1.65b
Net Debt (17.31b) to EBITDA (4.64b): 3.73 < 3
Current Ratio: 0.77 > 1.5 & < 3
Outstanding Shares: last quarter (216.0m) vs 12m ago -1.82% < -2%
Gross Margin: 22.30% > 18% (prev 0.21%; Δ 2209 % > 0.5%)
Asset Turnover: 75.90% > 50% (prev 74.41%; Δ 1.49% > 0%)
Interest Coverage Ratio: 3.85 > 6 (EBITDA TTM 4.64b / Interest Expense TTM 814.5m)

Altman Z'' 1.10

A: -0.03 (Total Current Assets 2.28b - Total Current Liabilities 2.95b) / Total Assets 24.17b
B: 0.08 (Retained Earnings 1.97b / Total Assets 24.17b)
C: 0.14 (EBIT TTM 3.13b / Avg Total Assets 23.04b)
D: 0.09 (Book Value of Equity 2.02b / Total Liabilities 21.34b)
Altman-Z'' Score: 1.10 = BB

Beneish M -3.21

DSRI: 1.01 (Receivables 1.41b/1.30b, Revenue 17.49b/16.30b)
GMI: 0.93 (GM 22.30% / 20.69%)
AQI: 0.84 (AQ_t 0.09 / AQ_t-1 0.11)
SGI: 1.07 (Revenue 17.49b / 16.30b)
TATA: -0.09 (NI 1.65b - CFO 3.74b) / TA 24.17b)
Beneish M-Score: -3.21 (Cap -4..+1) = AA

What is the price of TRGP shares?

As of February 02, 2026, the stock is trading at USD 200.98 with a total of 1,215,585 shares traded.
Over the past week, the price has changed by +4.91%, over one month by +8.14%, over three months by +29.40% and over the past year by +1.97%.

Is TRGP a buy, sell or hold?

Targa Resources has received a consensus analysts rating of 4.59. Therefore, it is recommended to buy TRGP.

StrongBuy: 14
Buy: 7
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the TRGP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	212.1	5.5%
Analysts Target Price	212.1	5.5%
ValueRay Target Price	275.2	36.9%

TRGP Fundamental Data Overview January 27, 2026

P/E Trailing = 25.8435
P/E Forward = 20.8333
P/S = 2.3713
P/B = 15.1866
P/EG = 1.2282
Revenue TTM = 17.49b USD
EBIT TTM = 3.13b USD
EBITDA TTM = 4.64b USD
Long Term Debt = 16.47b USD (from longTermDebt, last quarter)
Short Term Debt = 689.3m USD (from shortTermDebt, last quarter)
Debt = 17.43b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.31b USD (from netDebt column, last quarter)
Enterprise Value = 58.42b USD (41.21b + Debt 17.43b - CCE 223.9m)
Interest Coverage Ratio = 3.85 (Ebit TTM 3.13b / Interest Expense TTM 814.5m)
EV/FCF = 90.88x (Enterprise Value 58.42b / FCF TTM 642.8m)
FCF Yield = 1.10% (FCF TTM 642.8m / Enterprise Value 58.42b)
FCF Margin = 3.68% (FCF TTM 642.8m / Revenue TTM 17.49b)
Net Margin = 9.44% (Net Income TTM 1.65b / Revenue TTM 17.49b)
Gross Margin = 22.30% ((Revenue TTM 17.49b - Cost of Revenue TTM 13.59b) / Revenue TTM)
Gross Margin QoQ = 23.28% (prev 22.18%)
Tobins Q-Ratio = 2.42 (Enterprise Value 58.42b / Total Assets 24.17b)
Interest Expense / Debt = 1.27% (Interest Expense 221.3m / Debt 17.43b)
Taxrate = 21.63% (134.3m / 620.9m)
NOPAT = 2.46b (EBIT 3.13b * (1 - 21.63%))
Current Ratio = 0.77 (Total Current Assets 2.28b / Total Current Liabilities 2.95b)
Debt / Equity = 6.44 (Debt 17.43b / totalStockholderEquity, last quarter 2.71b)
Debt / EBITDA = 3.73 (Net Debt 17.31b / EBITDA 4.64b)
Debt / FCF = 26.92 (Net Debt 17.31b / FCF TTM 642.8m)
Total Stockholder Equity = 2.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.16% (Net Income 1.65b / Total Assets 24.17b)
RoE = 63.85% (Net Income TTM 1.65b / Total Stockholder Equity 2.58b)
RoCE = 16.44% (EBIT 3.13b / Capital Employed (Equity 2.58b + L.T.Debt 16.47b))
RoIC = 13.32% (NOPAT 2.46b / Invested Capital 18.44b)
WACC = 7.07% (E(41.21b)/V(58.64b) * Re(9.64%) + D(17.43b)/V(58.64b) * Rd(1.27%) * (1-Tc(0.22)))
Discount Rate = 9.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.50%
[DCF Debug] Terminal Value 75.53% ; FCFF base≈513.9m ; Y1≈352.0m ; Y5≈174.9m
Fair Price DCF = N/A (negative equity: EV 4.06b - Net Debt 17.31b = -13.25b; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-36.86%), DCF may be unreliable
EPS Correlation: 31.27 | EPS CAGR: -9.31% | SUE: -4.0 | # QB: 0
Revenue Correlation: -49.92 | Revenue CAGR: -6.66% | SUE: -1.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.41 | Chg30d=+0.038 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=9.99 | Chg30d=+0.236 | Revisions Net=+1 | Growth EPS=+14.4% | Growth Revenue=+23.0%

Additional Sources for TRGP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle