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TRGP
Targa Resources Corp.
$244.39
-0.4
(-0.16%)
| Exchange: | NYSE |
| Market Cap: | 52.532B |
| Shares Outstanding: | 42.3M |
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Midstream | |||||
| CEO: | Matthew J. Meloy | |||||
| Full Time Employees: | 3370 | |||||
| Address: |
| |||||
| Website: | https://www.targaresources.com |
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 15,619,200 | 16,626,900 | 17,136,200 |
| Gross Profit | 2,535,300 | 3,325,300 | 4,542,900 |
| EBITDA | 3,965,800 | 4,138,800 | 4,854,500 |
| Operating Income | 2,186,700 | 2,943,900 | 3,446,800 |
| Net Income | 828,200 | 1,269,500 | 1,844,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 20,671,800 | 22,734,100 | 25,218,400 |
| Total Liabilities | 16,061,800 | 18,315,900 | 22,020,200 |
| Total Stockholders Equity | 2,739,700 | 2,592,400 | 3,067,900 |
| Total Debt | 13,010,400 | 14,265,000 | 17,432,500 |
| Cash and Cash Equivalents | 141,700 | 157,300 | 166,100 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,211,600 | 3,649,700 | 3,917,400 |
| Capital Expenditure | -2,385,400 | -2,965,800 | 0 |
| Free Cash Flow | 826,200 | 683,900 | 3,917,400 |
| Net Income | 1,579,300 | 1,553,500 | 1,923,000 |
| Net Change in Cash | -77,300 | 15,600 | 8,800 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 14,798,373.831 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 20,244,296.750 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 18,433,059.493 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,053,181.536 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,176,777.378 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,803,085.227 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,498,480.611 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 3,788,859.017 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 3,359,697.515 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 293,344.388 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 401,297.529 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 365,393.835 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 15.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 17.620 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 11.620 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TRGP intrinsic value between $45.47 – $117.78 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about TRGP valuation
Is Targa Resources Corp. (TRGP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Targa Resources Corp. (TRGP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TRGP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TRGP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TRGP’s P/E ratio?
You can see TRGP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TRGP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TRGP a good long-term investment?
Whether TRGP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TRGP
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-0.16
Trading Metrics:
| Open: | 249.19 | Previous Close: | 244.79 | |
| Day Low: | 243.24 | Day High: | 250.31 | |
| Year Low: | 144.14 | Year High: | ||
| Price Avg 50: | Price Avg 200: | |||
| Volume: | Average Volume: |
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