(TRGP) Targa Resources - Ratings and Ratios
Natural Gas, Natural Gas Liquids, Crude Oil, LPG, NGL Products
TRGP EPS (Earnings per Share)
TRGP Revenue
Description: TRGP Targa Resources
Targa Resources Corp. (NYSE: TRGP) and its subsidiary, Targa Resources Partners LP, own and operate a diversified set of midstream assets across North America, organized into two primary segments: Gathering & Processing and Logistics & Transportation.
The Gathering & Processing segment handles the full value chain for natural gas and natural-gas-liquids (NGL), including gathering, compression, treatment, processing, storage, fractionation, and resale of NGL products such as propane and ethane. The Logistics & Transportation segment provides rail, truck, and barge services for crude oil, refined products, and NGLs, supporting multi-state retailers, independent distributors, and Gulf Coast refineries and petrochemical plants.
As of 31 December 2024, Targa managed roughly 531 railcars, 131 tractors, 6 vacuum trucks, 2 pressurized NGL barges, and owned 8 tractors, reflecting a modest but strategically positioned transport fleet that complements its processing footprint.
Key operational metrics (FY 2023) show total revenue of $6.4 billion and adjusted EBITDA of $1.9 billion, with NGL processing capacity of about 1.4 million barrels per day (MMbpd) and a natural-gas gathering network spanning ≈ 15,000 miles. These figures place Targa in the mid-size tier of U.S. midstream firms, where scale economies are still material but asset diversification can mitigate commodity-price swings.
Sector drivers that materially affect Targa’s outlook include (1) the U.S. natural-gas price spread versus Henry Hub, which influences gathering and processing margins; (2) NGL demand from petrochemical feedstocks, especially ethane and propylene, which has been buoyed by rising U.S. shale output and export capacity; and (3) regulatory and infrastructure constraints on rail and pipeline capacity, which can create pricing arbitrage opportunities for midstream logistics providers.
Assuming a stable regulatory environment and continued growth in U.S. shale production, Targa’s diversified asset base should provide resilience against short-term commodity volatility, though a prolonged dip in NGL spreads would compress margins in the processing segment.
For a deeper quantitative view of TRGP’s valuation metrics, you may find the ValueRay platform useful.
TRGP Stock Overview
| Market Cap in USD | 34,926m |
| Sub-Industry | Oil & Gas Storage & Transportation |
| IPO / Inception | 2010-12-07 |
TRGP Stock Ratings
| Growth Rating | 42.7% |
| Fundamental | 55.6% |
| Dividend Rating | 81.3% |
| Return 12m vs S&P 500 | -19.8% |
| Analyst Rating | 4.59 of 5 |
TRGP Dividends
| Dividend Yield 12m | 2.33% |
| Yield on Cost 5y | 23.36% |
| Annual Growth 5y | 22.78% |
| Payout Consistency | 89.9% |
| Payout Ratio | 47.7% |
TRGP Growth Ratios
| Growth Correlation 3m | -1.7% |
| Growth Correlation 12m | -46.3% |
| Growth Correlation 5y | 97.4% |
| CAGR 5y | 34.13% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.15 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.76 |
| Sharpe Ratio 12m | 1.56 |
| Alpha | -23.53 |
| Beta | 1.129 |
| Volatility | 39.48% |
| Current Volume | 1697.6k |
| Average Volume 20d | 1628.2k |
| Stop Loss | 143.8 (-4.4%) |
| Signal | -0.42 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (1.52b TTM) > 0 and > 6% of Revenue (6% = 1.04b TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -0.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -5.61% (prev -6.27%; Δ 0.66pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.16 (>3.0%) and CFO 3.68b > Net Income 1.52b (YES >=105%, WARN >=100%) |
| Net Debt (16.74b) to EBITDA (4.50b) ratio: 3.72 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.69 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (217.3m) change vs 12m ago -2.07% (target <= -2.0% for YES) |
| Gross Margin 20.82% (prev 17.44%; Δ 3.38pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 77.23% (prev 76.79%; Δ 0.43pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.88 (EBITDA TTM 4.50b / Interest Expense TTM 778.1m) >= 6 (WARN >= 3) |
Altman Z'' 0.96
| (A) -0.04 = (Total Current Assets 2.21b - Total Current Liabilities 3.18b) / Total Assets 23.51b |
| (B) 0.07 = Retained Earnings (Balance) 1.71b / Total Assets 23.51b |
| (C) 0.13 = EBIT TTM 3.02b / Avg Total Assets 22.39b |
| (D) 0.08 = Book Value of Equity 1.75b / Total Liabilities 20.80b |
| Total Rating: 0.96 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 55.63
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 0.83% = 0.41 |
| 3. FCF Margin 2.47% = 0.62 |
| 4. Debt/Equity 6.51 = -2.50 |
| 5. Debt/Ebitda 3.72 = -2.44 |
| 6. ROIC - WACC (= 6.10)% = 7.63 |
| 7. RoE 59.74% = 2.50 |
| 8. Rev. Trend -16.43% = -1.23 |
| 9. EPS Trend 12.83% = 0.64 |
What is the price of TRGP shares?
Over the past week, the price has changed by -9.65%, over one month by -7.93%, over three months by -12.28% and over the past year by -7.96%.
Is Targa Resources a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TRGP is around 175.49 USD . This means that TRGP is currently undervalued and has a potential upside of +16.7% (Margin of Safety).
Is TRGP a buy, sell or hold?
- Strong Buy: 14
- Buy: 7
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the TRGP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 205.3 | 36.5% |
| Analysts Target Price | 205.3 | 36.5% |
| ValueRay Target Price | 193.4 | 28.6% |
Last update: 2025-10-06 02:02
TRGP Fundamental Data Overview
P/E Trailing = 23.2522
P/E Forward = 18.018
P/S = 2.045
P/B = 13.5238
P/EG = 1.0957
Beta = 1.129
Revenue TTM = 17.29b USD
EBIT TTM = 3.02b USD
EBITDA TTM = 4.50b USD
Long Term Debt = 15.84b USD (from longTermDebt, last quarter)
Short Term Debt = 768.2m USD (from shortTermDebt, last quarter)
Debt = 16.85b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.74b USD (from netDebt column, last quarter)
Enterprise Value = 51.66b USD (34.93b + Debt 16.85b - CCE 113.1m)
Interest Coverage Ratio = 3.88 (Ebit TTM 3.02b / Interest Expense TTM 778.1m)
FCF Yield = 0.83% (FCF TTM 427.5m / Enterprise Value 51.66b)
FCF Margin = 2.47% (FCF TTM 427.5m / Revenue TTM 17.29b)
Net Margin = 8.82% (Net Income TTM 1.52b / Revenue TTM 17.29b)
Gross Margin = 20.82% ((Revenue TTM 17.29b - Cost of Revenue TTM 13.69b) / Revenue TTM)
Gross Margin QoQ = 22.18% (prev 19.04%)
Tobins Q-Ratio = 2.20 (Enterprise Value 51.66b / Total Assets 23.51b)
Interest Expense / Debt = 1.30% (Interest Expense 218.4m / Debt 16.85b)
Taxrate = 22.42% (184.1m / 821.3m)
NOPAT = 2.34b (EBIT 3.02b * (1 - 22.42%))
Current Ratio = 0.69 (Total Current Assets 2.21b / Total Current Liabilities 3.18b)
Debt / Equity = 6.51 (Debt 16.85b / totalStockholderEquity, last quarter 2.59b)
Debt / EBITDA = 3.72 (Net Debt 16.74b / EBITDA 4.50b)
Debt / FCF = 39.15 (Net Debt 16.74b / FCF TTM 427.5m)
Total Stockholder Equity = 2.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.48% (Net Income 1.52b / Total Assets 23.51b)
RoE = 59.74% (Net Income TTM 1.52b / Total Stockholder Equity 2.55b)
RoCE = 16.42% (EBIT 3.02b / Capital Employed (Equity 2.55b + L.T.Debt 15.84b))
RoIC = 13.30% (NOPAT 2.34b / Invested Capital 17.63b)
WACC = 7.19% (E(34.93b)/V(51.78b) * Re(10.18%) + D(16.85b)/V(51.78b) * Rd(1.30%) * (1-Tc(0.22)))
Discount Rate = 10.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.20%
[DCF Debug] Terminal Value 62.58% ; FCFE base≈426.1m ; Y1≈291.9m ; Y5≈145.4m
Fair Price DCF = 9.54 (DCF Value 2.05b / Shares Outstanding 215.2m; 5y FCF grow -36.86% → 3.0% )
EPS Correlation: 12.83 | EPS CAGR: -58.44% | SUE: -4.0 | # QB: 0
Revenue Correlation: -16.43 | Revenue CAGR: -11.33% | SUE: -1.68 | # QB: 0
Additional Sources for TRGP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle