(TRGP) Targa Resources - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US87612G1013
Stock: Natural Gas, Natural Gas Liquids, Crude Oil, Logistics
Total Rating 64
Risk 64
Buy Signal 0.25
| Risk 5d forecast | |
|---|---|
| Volatility | 24.0% |
| Relative Tail Risk | 3.33% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.72 |
| Alpha | 11.59 |
| Character TTM | |
|---|---|
| Beta | 0.839 |
| Beta Downside | 0.844 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.61% |
| CAGR/Max DD | 1.72 |
EPS (Earnings per Share)
Revenue
Description: TRGP Targa Resources March 05, 2026
Targa Resources Corp. (TRGP) operates North American midstream energy infrastructure. The company focuses on natural gas and natural gas liquids (NGL) across two segments: Gathering and Processing, and Logistics and Transportation. Midstream companies are crucial for moving hydrocarbons from production basins to refineries and end-users.
The Gathering and Processing segment handles natural gas compression, treatment, and processing. The Logistics and Transportation segment manages NGL storage, fractionation, and transport, including services for LPG exporters. This integrated approach allows for efficient handling of various hydrocarbon products, a common strategy in the midstream sector.
TRGP also engages in the purchase and resale of NGL products and propane, providing related logistics services. The companys asset base includes railcars, tractors, and barges for transportation. For more detailed operational metrics and financial analysis, ValueRay can provide further insights.
Headlines to watch out for
- Natural gas and NGL prices directly impact revenue
- Throughput volumes in gathering and processing drive earnings
- Regulatory changes in energy sector affect operations
- Capital expenditure on infrastructure influences growth
- Demand for NGL products from petrochemicals impacts sales
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 1.84b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.69 > 1.0 |
| NWC/Revenue: -6.91% < 20% (prev -5.32%; Δ -1.59% < -1%) |
| CFO/TA 0.16 > 3% & CFO 3.92b > Net Income 1.84b |
| Net Debt (17.38b) to EBITDA (4.85b): 3.58 < 3 |
| Current Ratio: 0.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.0m) vs 12m ago -2.85% < -2% |
| Gross Margin: 26.51% > 18% (prev 0.23%; Δ 2.63k% > 0.5%) |
| Asset Turnover: 71.47% > 50% (prev 72.46%; Δ -0.98% > 0%) |
| Interest Coverage Ratio: 3.92 > 6 (EBITDA TTM 4.85b / Interest Expense TTM 852.8m) |
Altman Z'' 1.04
| A: -0.05 (Total Current Assets 2.36b - Total Current Liabilities 3.55b) / Total Assets 25.22b |
| B: 0.09 (Retained Earnings 2.29b / Total Assets 25.22b) |
| C: 0.14 (EBIT TTM 3.34b / Avg Total Assets 23.98b) |
| D: 0.11 (Book Value of Equity 2.41b / Total Liabilities 22.02b) |
| Altman-Z'' Score: 1.04 = BB |
Beneish M -3.40
| DSRI: 0.88 (Receivables 1.47b/1.62b, Revenue 17.14b/16.47b) |
| GMI: 0.86 (GM 26.51% / 22.79%) |
| AQI: 0.85 (AQ_t 0.09 / AQ_t-1 0.10) |
| SGI: 1.04 (Revenue 17.14b / 16.47b) |
| TATA: -0.08 (NI 1.84b - CFO 3.92b) / TA 25.22b) |
| Beneish M-Score: -3.40 (Cap -4..+1) = AA |
What is the price of TRGP shares?
As of March 18, 2026, the stock is trading at USD 240.84 with a total of 899,442 shares traded.
Over the past week, the price has changed by +3.60%, over one month by +7.38%, over three months by +32.72% and over the past year by +25.38%.
Over the past week, the price has changed by +3.60%, over one month by +7.38%, over three months by +32.72% and over the past year by +25.38%.
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 | 244.4 | 1.5% |
| Analysts Target Price | 244.4 | 1.5% |
TRGP Fundamental Data Overview March 14, 2026
P/E Trailing = 28.2412
P/E Forward = 25.4453
P/S = 3.0302
P/B = 16.6866
P/EG = 1.2282
Revenue TTM = 17.14b USD
EBIT TTM = 3.34b USD
EBITDA TTM = 4.85b USD
Long Term Debt = 16.40b USD (from longTermDebt, last quarter)
Short Term Debt = 794.4m USD (from shortTermDebt, last quarter)
Debt = 17.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.38b USD (from netDebt column, last quarter)
Enterprise Value = 68.98b USD (51.60b + Debt 17.55b - CCE 166.1m)
Interest Coverage Ratio = 3.92 (Ebit TTM 3.34b / Interest Expense TTM 852.8m)
EV/FCF = 118.1x (Enterprise Value 68.98b / FCF TTM 584.1m)
FCF Yield = 0.85% (FCF TTM 584.1m / Enterprise Value 68.98b)
FCF Margin = 3.41% (FCF TTM 584.1m / Revenue TTM 17.14b)
Net Margin = 10.76% (Net Income TTM 1.84b / Revenue TTM 17.14b)
Gross Margin = 26.51% ((Revenue TTM 17.14b - Cost of Revenue TTM 12.59b) / Revenue TTM)
Gross Margin QoQ = 43.10% (prev 23.28%)
Tobins Q-Ratio = 2.74 (Enterprise Value 68.98b / Total Assets 25.22b)
Interest Expense / Debt = 1.23% (Interest Expense 216.0m / Debt 17.55b)
Taxrate = 20.10% (139.1m / 692.2m)
NOPAT = 2.67b (EBIT 3.34b * (1 - 20.10%))
Current Ratio = 0.67 (Total Current Assets 2.36b / Total Current Liabilities 3.55b)
Debt / Equity = 5.72 (Debt 17.55b / totalStockholderEquity, last quarter 3.07b)
Debt / EBITDA = 3.58 (Net Debt 17.38b / EBITDA 4.85b)
Debt / FCF = 29.76 (Net Debt 17.38b / FCF TTM 584.1m)
Total Stockholder Equity = 2.70b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.69% (Net Income 1.84b / Total Assets 25.22b)
RoE = 68.22% (Net Income TTM 1.84b / Total Stockholder Equity 2.70b)
RoCE = 17.48% (EBIT 3.34b / Capital Employed (Equity 2.70b + L.T.Debt 16.40b))
RoIC = 13.78% (NOPAT 2.67b / Invested Capital 19.36b)
WACC = 6.97% (E(51.60b)/V(69.15b) * Re(9.01%) + D(17.55b)/V(69.15b) * Rd(1.23%) * (1-Tc(0.20)))
Discount Rate = 9.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.72%
[DCF] Terminal Value 78.31% ; FCFF base≈624.0m ; Y1≈485.2m ; Y5≈310.6m
[DCF] Fair Price = N/A (negative equity: EV 7.15b - Net Debt 17.38b = -10.23b; debt exceeds intrinsic value)
EPS Correlation: 57.16 | EPS CAGR: 175.6% | SUE: 2.91 | # QB: 1
Revenue Correlation: -42.72 | Revenue CAGR: -5.22% | SUE: -1.00 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.25 | Chg7d=+0.075 | Chg30d=+0.075 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=10.20 | Chg7d=+0.022 | Chg30d=+0.366 | Revisions Net=+1 | Growth EPS=+13.4% | Growth Revenue=+26.6%
EPS next Year (2027-12-31): EPS=11.09 | Chg7d=+0.042 | Chg30d=+0.479 | Revisions Net=+0 | Growth EPS=+8.8% | Growth Revenue=+9.6%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.5% (Discount Rate 9.0% - Earnings Yield 3.5%)
[Growth] Growth Spread = +15.5% (Analyst 21.0% - Implied 5.5%)
P/E Forward = 25.4453
P/S = 3.0302
P/B = 16.6866
P/EG = 1.2282
Revenue TTM = 17.14b USD
EBIT TTM = 3.34b USD
EBITDA TTM = 4.85b USD
Long Term Debt = 16.40b USD (from longTermDebt, last quarter)
Short Term Debt = 794.4m USD (from shortTermDebt, last quarter)
Debt = 17.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.38b USD (from netDebt column, last quarter)
Enterprise Value = 68.98b USD (51.60b + Debt 17.55b - CCE 166.1m)
Interest Coverage Ratio = 3.92 (Ebit TTM 3.34b / Interest Expense TTM 852.8m)
EV/FCF = 118.1x (Enterprise Value 68.98b / FCF TTM 584.1m)
FCF Yield = 0.85% (FCF TTM 584.1m / Enterprise Value 68.98b)
FCF Margin = 3.41% (FCF TTM 584.1m / Revenue TTM 17.14b)
Net Margin = 10.76% (Net Income TTM 1.84b / Revenue TTM 17.14b)
Gross Margin = 26.51% ((Revenue TTM 17.14b - Cost of Revenue TTM 12.59b) / Revenue TTM)
Gross Margin QoQ = 43.10% (prev 23.28%)
Tobins Q-Ratio = 2.74 (Enterprise Value 68.98b / Total Assets 25.22b)
Interest Expense / Debt = 1.23% (Interest Expense 216.0m / Debt 17.55b)
Taxrate = 20.10% (139.1m / 692.2m)
NOPAT = 2.67b (EBIT 3.34b * (1 - 20.10%))
Current Ratio = 0.67 (Total Current Assets 2.36b / Total Current Liabilities 3.55b)
Debt / Equity = 5.72 (Debt 17.55b / totalStockholderEquity, last quarter 3.07b)
Debt / EBITDA = 3.58 (Net Debt 17.38b / EBITDA 4.85b)
Debt / FCF = 29.76 (Net Debt 17.38b / FCF TTM 584.1m)
Total Stockholder Equity = 2.70b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.69% (Net Income 1.84b / Total Assets 25.22b)
RoE = 68.22% (Net Income TTM 1.84b / Total Stockholder Equity 2.70b)
RoCE = 17.48% (EBIT 3.34b / Capital Employed (Equity 2.70b + L.T.Debt 16.40b))
RoIC = 13.78% (NOPAT 2.67b / Invested Capital 19.36b)
WACC = 6.97% (E(51.60b)/V(69.15b) * Re(9.01%) + D(17.55b)/V(69.15b) * Rd(1.23%) * (1-Tc(0.20)))
Discount Rate = 9.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.72%
[DCF] Terminal Value 78.31% ; FCFF base≈624.0m ; Y1≈485.2m ; Y5≈310.6m
[DCF] Fair Price = N/A (negative equity: EV 7.15b - Net Debt 17.38b = -10.23b; debt exceeds intrinsic value)
EPS Correlation: 57.16 | EPS CAGR: 175.6% | SUE: 2.91 | # QB: 1
Revenue Correlation: -42.72 | Revenue CAGR: -5.22% | SUE: -1.00 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.25 | Chg7d=+0.075 | Chg30d=+0.075 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=10.20 | Chg7d=+0.022 | Chg30d=+0.366 | Revisions Net=+1 | Growth EPS=+13.4% | Growth Revenue=+26.6%
EPS next Year (2027-12-31): EPS=11.09 | Chg7d=+0.042 | Chg30d=+0.479 | Revisions Net=+0 | Growth EPS=+8.8% | Growth Revenue=+9.6%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.5% (Discount Rate 9.0% - Earnings Yield 3.5%)
[Growth] Growth Spread = +15.5% (Analyst 21.0% - Implied 5.5%)