(TRGP) Targa Resources - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 53.845m USD | Total Return: 23.4% in 12m

Stock Natural Gas, Natural Gas Liquids, Crude Oil, Logistics
Total Rating 54
Risk 61
Buy Signal -0.05
Oil & Gas Midstream -2.2
Oil & Gas Storage & Transportation -0.9
Market Cap: 53,845m
Avg Trading Vol: 348M USD
ATR: 2.58%
Peers RS (IBD): 61.0
Risk 5d forecast
Volatility25.1%
Rel. Tail Risk5.26%
Reward TTM
Sharpe Ratio0.77
Alpha13.62
Character TTM
Beta0.839
Beta Downside0.862
Drawdowns 3y
Max DD31.61%
CAGR/Max DD1.70
EPS (Earnings per Share) EPS (Earnings per Share) of TRGP over the last years for every Quarter: "2021-03": 0.53, "2021-06": 0.15, "2021-09": 0.66, "2021-12": 0.51, "2022-03": 0.06, "2022-06": 1.61, "2022-09": 0.84, "2022-12": 1.38, "2023-03": 0.03, "2023-06": 1.44, "2023-09": 0.97, "2023-12": 1.26, "2024-03": 1.22, "2024-06": 1.33, "2024-09": 1.74, "2024-12": 1.8173, "2025-03": 1.8882, "2025-06": 1.9, "2025-09": 2.13, "2025-12": 2.6855, "2026-03": 0,
EPS CAGR: -48.92%
EPS Trend: 22.1%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of TRGP over the last years for every Quarter: 2021-03: 3767.4, 2021-06: 3526.1, 2021-09: 4543.4, 2021-12: 5441.6, 2022-03: 4959.1, 2022-06: 6232.5, 2022-09: 5360.1, 2022-12: 4554.8, 2023-03: 4297.3, 2023-06: 3208.7, 2023-09: 3881.4, 2023-12: 4231.8, 2024-03: 4562.4, 2024-06: 3618.6, 2024-09: 3885.9, 2024-12: 4405.3, 2025-03: 4852.8, 2025-06: 4026.2, 2025-09: 4201.7, 2025-12: 4055.5, 2026-03: null,
Rev. CAGR: -5.22%
Rev. Trend: -42.7%
Last SUE: -1.00
Qual. Beats: 0
Description: TRGP Targa Resources

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 April 02, 2026, the stock is trading at USD 250.73 with a total of 1,842,983 shares traded.
Over the past week, the price has changed by -0.27%, over one month by +2.16%, over three months by +31.72% and over the past year by +23.38%.
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
Wallstreet Target Price 253.7 1.2%
Analysts Target Price 253.7 1.2%
TRGP Fundamental Data Overview as of 28 March 2026
P/E Trailing = 29.5053
P/E Forward = 22.6244
P/S = 3.1621
P/B = 16.6341
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 = 71.23b USD (53.85b + Debt 17.55b - CCE 166.1m)
Interest Coverage Ratio = 3.92 (Ebit TTM 3.34b / Interest Expense TTM 852.8m)
EV/FCF = 121.9x (Enterprise Value 71.23b / FCF TTM 584.1m)
FCF Yield = 0.82% (FCF TTM 584.1m / Enterprise Value 71.23b)
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 = 2.82 (Enterprise Value 71.23b / 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 = 6.98% (E(53.85b)/V(71.39b) * Re(8.93%) + D(17.55b)/V(71.39b) * Rd(1.23%) * (1-Tc(0.20)))
Discount Rate = 8.93% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.72%
[DCF] Terminal Value 78.75% ; FCFF base≈624.0m ; Y1≈485.3m ; Y5≈311.3m
 [DCF] Fair Price = N/A (negative equity: EV 7.31b - Net Debt 17.38b = -10.07b; debt exceeds intrinsic value)
 EPS Correlation: 22.08 | EPS CAGR: -48.92% | SUE: -4.0 | # QB: 0
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=+22.8%
EPS next Year (2027-12-31): EPS=11.09 | Chg7d=+0.042 | Chg30d=+0.479 | Revisions Net=+0 | Growth EPS=+8.8% | Growth Revenue=+11.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.5% (Discount Rate 8.9% - Earnings Yield 3.4%)
[Growth] Growth Spread = +11.4% (Analyst 16.9% - Implied 5.5%)
Additional Sources for TRGP Stock Fund Manager Positions: Dataroma · Stockcircle