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TRGP stock logo

TRGP

Targa Resources Corp.

$264.17
0.04
 (0.02%)
Exchange:  NYSE
Market Cap:  56.703B
Shares Outstanding:  42.3M
Delayed data
Calculate TRGP Intrinsic Value
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Energy
Industry:  Oil & Gas Midstream
   
CEO:  Matthew J. Meloy
Full Time Employees:  3370
Address: 
811 Louisiana Street
Houston
TX
77002
US
Website:  https://www.targaresources.com
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: “Gathering and Processing” and “Logistics and Transportation.” Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company’s extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

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Revenue Segmentation

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EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/07 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue15,619,20016,626,90017,136,200
Gross Profit2,535,3003,325,3004,542,900
EBITDA3,965,8004,138,8004,854,500
Operating Income2,186,7002,943,9003,446,800
Net Income828,2001,269,5001,844,400

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets20,671,80022,734,10025,218,400
Total Liabilities16,061,80018,315,90022,020,200
Total Stockholders Equity2,739,7002,592,4003,067,900
Total Debt13,010,40014,265,00017,432,500
Cash and Cash Equivalents141,700157,300166,100

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow3,211,6003,649,7003,917,400
Capital Expenditure-2,385,400-2,965,8000
Free Cash Flow826,200683,9003,917,400
Net Income1,579,3001,553,5001,923,000
Net Change in Cash-77,30015,6008,800

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)15,220,211.979Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)21,322,787.048Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)18,433,059.493Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)3,140,214.642Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)4,399,290.115Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)3,803,085.227Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)2,910,384.063Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)4,529,948.971Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)3,763,043.967Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)301,706.378Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)422,676.167Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)365,393.835Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)17.500Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)21.070Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)13.540Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)6Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)5Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
16.627B  ?P/S
 (TTM)
: 
3.46
?Net Income
 (TTM)
: 
1.27B  ?P/E
 (TTM)
: 
26.72
?Enterprise Value
 (TTM)
: 
75.717B  ?EV/FCF
 (TTM)
: 
289.11
?Dividend Yield
 (TTM)
: 
0.02  ?Payout Ratio
 (TTM)
: 
0.41
?ROE
 (TTM)
: 
0.74  ?ROIC
 (TTM)
: 
0.11
?Net Debt
 (TTM)
: 
14.046B  ?Debt/Equity
 (TTM)
: 
6.1
?P/B
 (TTM)
: 
18.1  ?Current Ratio
 (TTM)
: 
0.72

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
24.39Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

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At what price to buy it? -
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.

[intrinsic_calculator]

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

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

0.02
MARKETSnap

Trading Metrics:

Open: 263.75   Previous Close: 264.13
Day Low: 260.01   Day High: 266.07
Year Low: 144.14   Year High: 280
Price Avg 50: 253.52   Price Avg 200: 202.89
Volume: 669638   Average Volume: 1.36M

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See in Nexus

Relevant news

TRGP Q1 Earnings & Revenues Miss Estimates, Adjusted EBITDA Up Y/Y
15-05-2026 10:16
TRGP Q1 Earnings & Revenues Miss Estimates, Adjusted EBITDA Up Y/Y
Targa Resources, Inc. (TRGP) Misses Q1 Earnings and Revenue Estimates
07-05-2026 17:51
Targa Resources, Inc. (TRGP) Misses Q1 Earnings and Revenue Estimates
Targa Resources Corp. (TRGP) Q1 2026 Earnings Call Transcript
07-05-2026 13:41
Targa Resources Corp. (TRGP) Q1 2026 Earnings Call Transcript
Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026
07-05-2026 06:00
Targa Resources Corp. Reports Record First Quarter 2026 Financial Results and Increases Financial Outlook for 2026
Seeking Clues to Targa Resources (TRGP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
05-05-2026 10:15
Seeking Clues to Targa Resources (TRGP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Is Targa Resources Stock a Smart Hold in Today's Market?
06-04-2026 13:40
Is Targa Resources Stock a Smart Hold in Today's Market?

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