(TRGP) Targa Resources - Ratings and Ratios
Natural Gas, Natural Gas Liquids, Crude Oil, LPG, NGL Products
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.17% |
| Yield on Cost 5y | 17.63% |
| Yield CAGR 5y | 22.78% |
| Payout Consistency | 89.9% |
| Payout Ratio | 48.5% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 27.0% |
| Value at Risk 5%th | 46.4% |
| Relative Tail Risk | 4.49% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.29 |
| Alpha | -30.82 |
| CAGR/Max DD | 1.13 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.436 |
| Beta | 1.058 |
| Beta Downside | 1.762 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.61% |
| Mean DD | 8.12% |
| Median DD | 4.35% |
Description: TRGP Targa Resources September 29, 2025
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.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (1.65b TTM) > 0 and > 6% of Revenue (6% = 1.05b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 1.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -3.82% (prev -3.68%; Δ -0.14pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.15 (>3.0%) and CFO 3.74b > Net Income 1.65b (YES >=105%, WARN >=100%) |
| Net Debt (17.31b) to EBITDA (4.64b) ratio: 3.73 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.77 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (216.0m) change vs 12m ago -1.82% (target <= -2.0% for YES) |
| Gross Margin 22.30% (prev 20.69%; Δ 1.61pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 75.90% (prev 74.41%; Δ 1.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.85 (EBITDA TTM 4.64b / Interest Expense TTM 814.5m) >= 6 (WARN >= 3) |
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 (Balance) 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 |
| Total Rating: 1.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 56.84
| 1. Piotroski 6.0pt |
| 2. FCF Yield 1.20% |
| 3. FCF Margin 3.68% |
| 4. Debt/Equity 6.44 |
| 5. Debt/Ebitda 3.73 |
| 6. ROIC - WACC (= 6.29)% |
| 7. RoE 63.85% |
| 8. Rev. Trend -50.39% |
| 9. EPS Trend 53.83% |
What is the price of TRGP shares?
Over the past week, the price has changed by +1.72%, over one month by +13.18%, over three months by +5.52% and over the past year by -12.13%.
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 | 207.1 | 19.6% |
| Analysts Target Price | 207.1 | 19.6% |
| ValueRay Target Price | 222.5 | 28.5% |
TRGP Fundamental Data Overview November 26, 2025
P/E Trailing = 22.8922
P/E Forward = 18.5529
P/S = 2.1034
P/B = 13.5244
P/EG = 1.0957
Beta = 0.902
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 = 53.76b USD (36.55b + Debt 17.43b - CCE 223.9m)
Interest Coverage Ratio = 3.85 (Ebit TTM 3.13b / Interest Expense TTM 814.5m)
FCF Yield = 1.20% (FCF TTM 642.8m / Enterprise Value 53.76b)
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 = 2.22 (Enterprise Value 53.76b / 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 = 6.83% (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 = 7.03% (E(36.55b)/V(53.98b) * Re(9.91%) + D(17.43b)/V(53.98b) * Rd(1.27%) * (1-Tc(0.22)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.50%
[DCF Debug] Terminal Value 63.62% ; FCFE base≈513.9m ; Y1≈352.1m ; Y5≈175.3m
Fair Price DCF = 11.93 (DCF Value 2.56b / Shares Outstanding 214.7m; 5y FCF grow -36.86% → 3.0% )
EPS Correlation: 53.83 | EPS CAGR: 46.40% | SUE: 0.14 | # QB: 0
Revenue Correlation: -50.39 | Revenue CAGR: -6.66% | SUE: -1.00 | # QB: 0
Additional Sources for TRGP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle