TRGP Stock Analysis: Targa Resources | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 57.611m USD | 12M Return: 70.2% | US87612G1013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 298M
EPS Trend: 98.6%
Qual. Beats: 1
Rev. Trend: 75.6%
Qual. Beats: -5
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Targa Resources Corp. (NYSE: TRGP) is a Houston-based midstream energy company that owns, operates, and develops natural gas, natural gas liquids (NGL), and crude oil infrastructure across the United States. It is organized into two reporting segments: Gathering and Processing, and Logistics and Transportation.
The Gathering and Processing segment handles the gathering, compression, treating, and processing of natural gas produced by upstream operators. The Logistics and Transportation segment focuses on the storage, fractionation, treatment, transportation, and marketing of NGLs and crude oil, along with natural gas marketing and resale activities. The company also trades propane and other NGL products and provides transportation services to refineries and petrochemical customers along the Gulf Coast.
Targa supports these activities with a range of owned and leased logistics assets, including railcars, tractors, vacuum trucks, and pressurized NGL barges, and it was incorporated in 2005 before going public in 2010. As a midstream operator, Targa sits between upstream hydrocarbon producers and downstream end-users such as petrochemical plants, refineries, LPG exporters, and retail fuel distributors, with NGLs broadly comprising ethane, propane, butane, and natural gasoline.
- Permian production growth drives gathering and processing volumes
- NGL export demand lifts Gulf Coast transportation margins
- Capital spending expands processing and pipeline capacity
| Net Income: 2.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.78 > 1.0 |
| NWC/Revenue: -4.66% < 20% (prev -5.65%; Δ 0.99% < -1%) |
| CFO/TA 0.15 > 3% & CFO 4.29b > Net Income 2.26b |
| Net Debt (20.8b) to EBITDA (4.80b): 4.33 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.0m) vs 12m ago -1.06% < -2% |
| Gross Margin: 36.56% > 18% (prev 22.05%; Δ 14.51% > 0.5%) |
| Asset Turnover: 64.55% > 50% (prev 73.02%; Δ -8.47% > 0%) |
| Interest Coverage Ratio: 3.49 > 6 (EBIT TTM 3.15b / Interest Expense TTM 901.5m) |
| A: -0.03 (Total Current Assets 2.63b - Total Current Liabilities 3.41b) / Total Assets 28.5b |
| B: 0.11 (Retained Earnings 3.05b / Total Assets 28.5b) |
| C: 0.12 (EBIT TTM 3.15b / Avg Total Assets 26.0b) |
| D: 0.15 (Book Value of Equity 3.66b / Total Liabilities 24.7b) |
| Altman-Z'' = 1.14 = BB |
| DSRI: 1.42 (Receivables 1.95b/1.41b, Revenue 16.8b/17.2b) |
| GMI: 0.60 (GM 22.05% / 36.56%) |
| AQI: 1.02 (AQ_t 0.10 / AQ_t-1 0.10) |
| SGI: 0.98 (Revenue 16.8b / 17.2b) |
| TATA: -0.07 (NI 2.26b - CFO 4.29b) / TA 28.5b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of August 15, 2026, the stock is trading at USD 275.79 with a total of 716,213 shares traded. Over the past week, the price has changed by +7.37%, over one month by -1.60%, over three months by +3.59% and over the past year by +70.21%.
Current recommended Stop Loss: 264.50 (which is 4.1% or 1.5 ATR below the current price).
Targa Resources has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy TRGP.
- StrongBuy: 13
- Buy: 6
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 299 | 8.4% |
P/E Trailing = 25.3702
P/E Forward = 24.3309
P/S = 3.4412
P/B = 15.6116
P/EG = 1.2282
Revenue TTM = 16.8b USD
EBIT TTM = 3.15b USD
EBITDA TTM = 4.80b USD
Long Term Debt = 18.3b USD (from longTermDebt, last quarter)
Short Term Debt = 558.0m USD (from shortTermDebt, last quarter)
Debt = 20.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 794.1m
Net Debt = 20.8b USD (calculated: Debt 20.9b - CCE 132.3m)
Enterprise Value = 78.4b USD (57.6b + Debt 20.9b - CCE 132.3m)
Interest Coverage Ratio = 3.49 (Ebit TTM 3.15b / Interest Expense TTM 901.5m)
EV/FCF = 105.8x (Enterprise Value 78.4b / FCF TTM 740.9m)
FCF Yield = 0.94% (FCF TTM 740.9m / Enterprise Value 78.4b)
FCF Margin = 4.41% (FCF TTM 740.9m / Revenue TTM 16.8b)
Net Margin = 13.49% (Net Income TTM 2.26b / Revenue TTM 16.8b)
Gross Margin = 36.56% ((Revenue TTM 16.8b - Cost of Revenue TTM 10.7b) / Revenue TTM)
Gross Margin QoQ = 48.15% (prev 31.12%)
Tobins Q-Ratio = 2.75 (Enterprise Value 78.4b / Total Assets 28.5b)
Interest Expense / Debt = 4.31% (Interest Expense 901.5m / Debt 20.9b)
Taxrate = 6.87% (170.1m / 2.47b)
NOPAT = 2.93b (EBIT 3.15b * (1 - 6.87%))
Current Ratio = 0.77 (Total Current Assets 2.63b / Total Current Liabilities 3.41b)
Debt / Equity = 5.72 (Debt 20.9b / totalStockholderEquity, last quarter 3.66b)
Debt / EBITDA = 4.33 (Net Debt 20.8b / EBITDA 4.80b)
Debt / FCF = 28.07 (Net Debt 20.8b / FCF TTM 740.9m)
Total Stockholder Equity = 3.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.71% (Net Income 2.26b / Total Assets 28.5b)
RoE = 72.08% (Net Income TTM 2.26b / Total Stockholder Equity 3.14b)
RoCE = 14.66% (EBIT 3.15b / Capital Employed (Equity 3.14b + L.T.Debt 18.3b))
RoIC = 11.49% (NOPAT 2.93b / Invested Capital 25.5b)
WACC = 6.89% (E(57.6b)/V(78.5b) * Re(7.94%) + D(20.9b)/V(78.5b) * Rd(4.31%) * (1-Tc(0.07)))
Discount Rate = 7.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.39 | Cagr: -1.75%
[DCF] Terminal Value 77.97% ; FCFF base≈615.5m ; Y1≈705.6m ; Y5≈1.04b
[DCF] Fair Price = N/A (negative equity: EV 15.6b - Net Debt 20.8b = -5.17b; debt exceeds intrinsic value)
EPS Correlation: 98.63 | EPS CAGR: 52.43% | SUE: 2.06 | # QB: 1
Revenue Correlation: 75.57 | Revenue CAGR: 2.92% | SUE: -1.26 | # QB: -5
EPS current Quarter (2026-09-30): EPS=2.81 | Chg30d=+0.01% | Revisions=-17% | Analysts=3
EPS current Year (2026-12-31): EPS=11.67 | Chg30d=+3.89% | Revisions=-40% | GrowthEPS=+29.7% | GrowthRev=+14.4%
EPS next Year (2027-12-31): EPS=12.02 | Chg30d=-1.35% | Revisions=-17% | GrowthEPS=+3.0% | GrowthRev=+19.5%
[Analyst] Revisions Ratio: -36% (up=2, down=6)