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StockVS

NYSE · Oil & Gas Midstream · USD

Targa Resources Corp. (TRGP) Stock Analysis

Targa Resources Corp. (TRGP) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

TRGP

$295.60

+$2.95 (+1.01%)

Oct 21, 2026 · Market close

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Price History

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TRGP Key Statistics

As of Oct 21, 2026
Trading
Open
$293.58
Previous Close
$292.65
Day's Range
293.34–297.59
52-Week Range
150.00–307.94
Volume
1.17M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.80
Valuation
Market Cap
$63.39B
P/E Ratio
28.26
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
24.40
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.25
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.79
EPS (ttm)Profit attributable to each share over the last twelve months.
10.46
Financials (FY)
Revenue (FY)
$17.03B+3.95%
Net Income (FY)
$1.92B+46.57%
Profit marginThe share of revenue left as profit after all costs and taxes.
13.55%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
214.43M
1-Year Return
+99.43%
Dividend and dates
Dividend
$5.00+1.71%
Ex-Dividend Date
October 30, 2026
Earnings Date
November 5, 2026
Avg Volume
1.18M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TRGP closed at $295.60, +99.43% over 1 year.

Targa Resources Corp. (TRGP) has a market capitalization of $63.39B.

In fiscal 2025, TRGP reported revenue of $17.03B.

TRGP Stock Return by Calendar Year

Targa Resources Corp. (TRGP) 10-year return: what $10,000 became

1 year
$10,000 $19,943
+99.43%
5 years
$10,000 $58,974
+489.74%
10 years
$10,000 $92,166
+821.66%

If you had invested $10,000 in Targa Resources Corp. (TRGP) 10 years ago, at the close on October 21, 2016, it would have been worth $92,166 at the close on October 21, 2026: +821.66% in total, +24.87% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+62.58%
2025+5.65%
2024+110.12%
2023+21.01%
2022+43.71%
2021+100.15%
2020−32.48%
2019+23.98%
2018−19.88%
2017−7.09%
2016 (partial year)+35.95%

As of October 21, 2026.

TRGP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$17.03B$1.92B11.3%
2024$16.38B$1.31B8.0%
2023$16.06B$1.35B8.4%
2022$20.93B$1.20B5.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$17.03B$5.01B$3.33B$1.92B11.3%
2024$16.38B$4.26B$2.70B$1.31B8.0%
2023$16.06B$4.05B$2.63B$1.35B8.4%
2022$20.93B$2.95B$1.73B$1.20B5.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TRGP Dividend History

$3.75+36.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.503—
2025$3.754+36.4%
2024$2.754+48.6%
2023$1.854+32.1%
YearDividends per sharePaymentsChange
2026 (partial year)$3.503—
2025$3.754+36.4%
2024$2.754+48.6%
2023$1.854+32.1%
2022$1.404+250.0%
2021$0.404−66.9%
2020$1.214−66.8%
2019$3.644+0.0%
2018$3.644+0.0%
2017$3.644+300.0%
2016$0.911—

Most recent payment: $1.17 per share, ex-dividend July 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TRGP Valuation vs Oil & Gas Midstream Median

Median of 63 stocks
MetricTRGPOil & Gas Midstream medianvs median
P/E28.2614.11100% above
P/S ratio3.792.6742% above
Profit margin13.55%22.05%8.5 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Targa Resources Corp. (TRGP) carries a market capitalisation of $63.39B. It is classified in the Oil & Gas Midstream industry, within the Energy sector. Headcount on file is 3,570.

The most recent close on file for TRGP is $295.60, dated October 21, 2026. That is +$2.95 (+1.01%) against the previous close. The 52-week range on file runs from $150.00 to $307.94. The latest close sits 97.07% above that 52-week low.

Financial Health

In fiscal 2025, Targa Resources Corp. reported revenue of $17.03B. Against the prior fiscal year total of $16.38B, that is a change of +3.95%. Net income for the same year was $1.92B. That is +46.57% against the prior fiscal year. The reported profit margin is 13.55%. That is 8.5 percentage points below the Oil & Gas Midstream median of 22.05%. Trailing earnings per share are 10.46.

Across the 4 fiscal years on file, revenue moves from $20.93B in 2022 to $17.03B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 28.26. That is 100.28% above the Oil & Gas Midstream median of 14.11. The forward P/E on file is 24.4. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.25. Measured against sales, the shares trade at 3.79 times revenue. On price-to-sales that is 41.65% above the Oil & Gas Midstream median of 2.67. The medians here are taken across 63 Oil & Gas Midstream companies that report the metric.

Beta against the wider market is reported at 0.8. Annualized volatility over the trailing 10 years is 47.47%. The trailing one-year total return is +99.43%. Across 10 years the annualized return works out at +24.87%.

Growth & Income

TRGP pays a dividend yielding 1.71%. That is 3.7 percentage points below the Oil & Gas Midstream median yield of 5.41%. At the indicated rate that is $5.00 a share a year. The ex-dividend date on file is October 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $3.50 a share. The year before, 2025, totalled $3.75 a share.

The strongest complete calendar year on file is 2024 at +110.12%; the weakest is 2020 at −32.48%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is +62.58%.

Peer Comparison

Targa Resources Corp. (TRGP) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Targa Resources Corp. TRGP $63.39B 28.3
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Targa Resources Corp. trades at a P/E of 28.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Targa Resources Corp.

Targa Resources Corp., together with its subsidiaries, 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 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. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

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