(TRGP) Targa Resources - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US87612G1013
Stock:
Total Rating 63
Risk 61
Buy Signal 0.92
| Risk 5d forecast | |
|---|---|
| Volatility | 26.4% |
| Relative Tail Risk | 3.01% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.76 |
| Alpha | 10.09 |
| Character TTM | |
|---|---|
| Beta | 0.820 |
| Beta Downside | 1.988 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.61% |
| CAGR/Max DD | 1.61 |
EPS (Earnings per Share)
Revenue
Description: TRGP Targa Resources
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2024, it leased and managed approximately 531 railcars; 131 tractors; and 6 vacuum trucks and 2 pressurized NGL barges, as well as owns 8 tractors. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
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 (17.45b) to EBITDA (4.85b): 3.59 < 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 2628 % > 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 -3.38
| DSRI: 0.88 (Receivables 1.47b/1.62b, Revenue 17.14b/16.47b) |
| GMI: 0.86 (GM 26.51% / 22.79%) |
| AQI: 0.88 (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: -3.38 (Cap -4..+1) = AA |
What is the price of TRGP shares?
As of March 04, 2026, the stock is trading at USD 244.04 with a total of 1,831,705 shares traded.
Over the past week, the price has changed by +5.32%, over one month by +19.84%, over three months by +39.57% and over the past year by +27.64%.
Over the past week, the price has changed by +5.32%, over one month by +19.84%, over three months by +39.57% and over the past year by +27.64%.
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 | 234.9 | -3.8% |
| Analysts Target Price | 234.9 | -3.8% |
TRGP Fundamental Data Overview February 28, 2026
P/E Trailing = 31.1617
P/E Forward = 18.018
P/S = 2.922
P/B = 13.5238
P/EG = 1.2282
Revenue TTM = 17.14b USD
EBIT TTM = 3.34b USD
EBITDA TTM = 4.85b USD
Long Term Debt = 16.47b USD (from longTermDebt, two quarters ago)
Short Term Debt = 770.1m USD (from shortTermDebt, last quarter)
Debt = 17.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.45b USD (from netDebt column, last quarter)
Enterprise Value = 67.05b USD (49.76b + Debt 17.61b - CCE 320.8m)
Interest Coverage Ratio = 3.92 (Ebit TTM 3.34b / Interest Expense TTM 852.8m)
EV/FCF = 114.8x (Enterprise Value 67.05b / FCF TTM 584.1m)
FCF Yield = 0.87% (FCF TTM 584.1m / Enterprise Value 67.05b)
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 = 2.66 (Enterprise Value 67.05b / Total Assets 25.22b)
Interest Expense / Debt = 1.23% (Interest Expense 216.0m / Debt 17.61b)
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 = 5.74 (Debt 17.61b / totalStockholderEquity, last quarter 3.07b)
Debt / EBITDA = 3.59 (Net Debt 17.45b / EBITDA 4.85b)
Debt / FCF = 29.87 (Net Debt 17.45b / 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 = 17.41% (EBIT 3.34b / Capital Employed (Equity 2.70b + L.T.Debt 16.47b))
RoIC = 13.97% (NOPAT 2.67b / Invested Capital 19.09b)
WACC = 6.86% (E(49.76b)/V(67.37b) * Re(8.94%) + D(17.61b)/V(67.37b) * Rd(1.23%) * (1-Tc(0.20)))
Discount Rate = 8.94% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.72%
[DCF] Terminal Value 78.83% ; FCFF base≈624.0m ; Y1≈485.2m ; Y5≈310.6m
[DCF] Fair Price = N/A (negative equity: EV 7.35b - Net Debt 17.45b = -10.10b; 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=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=10.17 | Chg7d=+0.051 | Chg30d=+0.344 | Revisions Net=+0 | Growth EPS=+13.1% | Growth Revenue=+26.7%
EPS next Year (2027-12-31): EPS=11.05 | Chg7d=-0.083 | Chg30d=+0.437 | Revisions Net=+0 | Growth EPS=+8.6% | Growth Revenue=+17.2%
[Growth] Implied Growth Rate = 5.7% (Discount Rate 8.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = +15.3% (Analyst 21.0% - Implied 5.7%)
P/E Forward = 18.018
P/S = 2.922
P/B = 13.5238
P/EG = 1.2282
Revenue TTM = 17.14b USD
EBIT TTM = 3.34b USD
EBITDA TTM = 4.85b USD
Long Term Debt = 16.47b USD (from longTermDebt, two quarters ago)
Short Term Debt = 770.1m USD (from shortTermDebt, last quarter)
Debt = 17.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.45b USD (from netDebt column, last quarter)
Enterprise Value = 67.05b USD (49.76b + Debt 17.61b - CCE 320.8m)
Interest Coverage Ratio = 3.92 (Ebit TTM 3.34b / Interest Expense TTM 852.8m)
EV/FCF = 114.8x (Enterprise Value 67.05b / FCF TTM 584.1m)
FCF Yield = 0.87% (FCF TTM 584.1m / Enterprise Value 67.05b)
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 = 2.66 (Enterprise Value 67.05b / Total Assets 25.22b)
Interest Expense / Debt = 1.23% (Interest Expense 216.0m / Debt 17.61b)
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 = 5.74 (Debt 17.61b / totalStockholderEquity, last quarter 3.07b)
Debt / EBITDA = 3.59 (Net Debt 17.45b / EBITDA 4.85b)
Debt / FCF = 29.87 (Net Debt 17.45b / 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 = 17.41% (EBIT 3.34b / Capital Employed (Equity 2.70b + L.T.Debt 16.47b))
RoIC = 13.97% (NOPAT 2.67b / Invested Capital 19.09b)
WACC = 6.86% (E(49.76b)/V(67.37b) * Re(8.94%) + D(17.61b)/V(67.37b) * Rd(1.23%) * (1-Tc(0.20)))
Discount Rate = 8.94% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.72%
[DCF] Terminal Value 78.83% ; FCFF base≈624.0m ; Y1≈485.2m ; Y5≈310.6m
[DCF] Fair Price = N/A (negative equity: EV 7.35b - Net Debt 17.45b = -10.10b; 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=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=10.17 | Chg7d=+0.051 | Chg30d=+0.344 | Revisions Net=+0 | Growth EPS=+13.1% | Growth Revenue=+26.7%
EPS next Year (2027-12-31): EPS=11.05 | Chg7d=-0.083 | Chg30d=+0.437 | Revisions Net=+0 | Growth EPS=+8.6% | Growth Revenue=+17.2%
[Growth] Implied Growth Rate = 5.7% (Discount Rate 8.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = +15.3% (Analyst 21.0% - Implied 5.7%)