T

    Targa Resources Inc (TRGP)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • NYSE

    $293.65
    +5.83 (+2.03%)

    Market Cap: $61.72B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    53%(21/40)
    Avg Surprise
    +119.91%
    Streak
    3 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$2.82
    Range$2.73 - $2.91
    3 analysts
    EPS Revisions
    1
    0
    7d
    1
    2
    30d
    EPS Estimate Drift
    90d ago$2.78-1.4%
    60d ago$2.81-0.2%
    30d ago$2.78-1.4%
    7d ago$2.81-0.2%
    Current$2.82
    Revenue Consensus
    $4.8B
    Range$4.1B - $5.6B
    6 analysts
    Dec 31, 2026
    EPS Consensus$3.27
    Range$2.77 - $3.87
    5 analysts
    Revenue Consensus
    $4.6B
    Range$2.4B - $6.6B
    9 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$3.27---
    Sep 26EST
    		-$2.82---
    Jun 26
    		$3.54$2.83+25.09%Beat+23.3%
    Mar 26
    		$2.76$2.57+7.39%Beat+46.2%
    Dec 25
    		$2.69$2.40+12.08%Beat+47.8%
    Sep 25
    		$2.20$2.23-1.35%Miss+14.6%
    Jun 25
    		$2.87$1.91+50.26%Beat+81.6%
    Mar 25
    		$1.89$2.05-8.00%Miss+54.8%
    Dec 24
    		$1.82$1.83-0.55%Miss+21.3%
    Sep 24
    		$1.92$1.61+19.25%Beat+76.1%
    Jun 24
    		$1.58$1.27+24.41%Beat+61.2%
    Mar 24
    		$1.22$1.30-6.15%Miss+3966.7%
    Dec 23
    		$1.50$1.43+4.90%Beat-7.4%
    Sep 23
    		$1.09$1.16-6.03%Miss-20.4%
    Jun 23
    		$0.98$1.23-20.33%Miss+988.9%
    Mar 23
    		$0.03N/A-97.86%Miss-50.0%
    Dec 22
    		$1.62$1.16+39.66%Beat+131.4%
    Sep 22
    		$1.37$1.13+21.24%Beat+136.2%
    Jun 22
    		$0.09N/A-91.09%Miss-43.8%
    Mar 22
    		$0.06N/A-93.02%Miss-88.5%
    Dec 21
    		$0.70$0.51+37.25%Beat+1850.0%
    Sep 21
    		$0.58$0.38+52.63%Beat+163.6%
    Jun 21
    		$0.16$0.29-44.83%Miss+14.3%
    Mar 21
    		$0.52$0.17+205.88%Beat-82.0%
    Dec 20
    		$-0.04N/A-116.00%Miss-111.1%
    Sep 20
    		$0.22$0.14+57.14%Beat+164.7%
    Jun 20
    		$0.14$-0.04+450.00%Beat+177.8%
    Mar 20
    		$2.89$-0.07+4228.57%Beat+1063.3%
    Dec 19
    		$0.36$-0.09+500.00%Beat+12.5%
    Sep 19
    		$-0.34$-0.22-54.55%Miss-41.7%
    Jun 19
    		$-0.18$-0.34+47.06%Beat-151.4%
    Mar 19
    		$-0.30$-0.10-200.00%Miss-900.0%
    Dec 18
    		$0.32$0.01+3100.00%Beat+500.0%
    Sep 18
    		$-0.24$0.12-300.00%Miss-196.0%
    Jun 18
    		$0.35$-0.04+975.00%Beat+150.0%
    Mar 18
    		$-0.03$-0.02-50.00%Miss+96.0%
    Dec 17
    		$-0.08$0.01-900.00%Miss+93.2%
    Sep 17
    		$0.25$-0.14+278.57%Beat+208.7%
    Jun 17
    		$0.14$-0.15+193.33%Beat-
    Mar 17
    		$-0.75$-0.05-1400.00%Miss-
    Dec 16
    		$-1.18$0.06-2066.67%Miss-
    Sep 16
    		$-0.23$-0.13-76.92%Miss-

    Dividends

    Dividend Metrics

    Yield1.53%
    Annual/Share$4.50
    Payout Ratio22.53%
    Frequency4
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+38.88%
    5Y CAGR+65.72%
    View TRGP's full dividend history

    Key Metrics

    Valuation
    P/E Ratio26.24EV/EBITDA14.84x
    Price/FCF85.06xFCF Yield1.18%
    Profitability
    Profit Margin13.60%Operating Margin27.80%
    ROE70.80%ROIC12.91%
    Financial Health
    Debt/Equity5.35xInterest Coverage4.21x
    Current Ratio0.77xQuick Ratio0.68x
    Trading Statistics
    Beta0.72Avg Volume1.31M
    52-Week High$307.9452-Week Low$141.11

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$294.18
    SMA 20$280.55
    SMA 50$275.05
    SMA 200$233.76
    EMA 10$289.46
    EMA 20$284.48
    EMA 50$275.86
    EMA 200$241.19

    MACD

    Line: 6.12Signal: 5.48Hist: 0.64

    ADX

    ADX: 22.5+DI: 27.7-DI: 18.4

    Aroon & PSAR

    Aroon Up76.0
    Aroon Down36.0
    PSAR$285.47

    Bollinger Bands

    Upper Band$310.71
    Lower Band$250.39
    %B Position2150%(Upper)
    Band Width0.72

    RSI (14-Day)

    Neutral
    58.8

    Momentum Oscillators

    Stoch %K60.5
    Stoch %D62.9
    Williams %R-33.7
    ROC (10d)5.7%
    Momentum15.71
    CCI (20d)56.5
    MFI (14d)54.3

    Volatility Measures

    ATR (14d)$8.59(2.9%)
    StdDev (20d)15.08
    Hist Vol41.1%(High)

    Volume Flow

    VWAP$292.13
    OBV29.2M
    AD Line-769.2M
    CMF (20d)0.041

    Volume Metrics

    Avg Vol (20d)1.3M
    Vol Ratio1.3x
    VWMA (20d)$282.78

    Pivot Points

    R3$292.54
    R2$291.46
    R1$289.64
    Pivot Point$288.56
    S1$286.75
    S2$285.67
    S3$283.85

    Advanced Oscillators

    TSI17.03
    Ultimate Osc50.7
    KST78.84

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$4.44B$4.09B$4.06B$4.15B$4.26B$4.56B$4.41B$3.85B$3.56B$4.56B$4.24B$3.90B
    Cost of Revenue$2.30B$2.39B$2.31B$2.51B$2.44B$3.26B$2.92B$2.37B$2.20B$3.22B$2.90B$2.69B
    Gross Profit$2.14B$1.70B$1.75B$1.64B$1.82B$1.30B$1.48B$1.49B$1.36B$1.34B$1.34B$1.21B
    Operating Expenses$903.60M$853.30M$830.50M$807.90M$790.50M$760.40M$782.10M$758.60M$737.40M$705.00M$705.70M$701.50M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$462.20M$441.50M$449.30M$438.30M$418.60M$398.10M$403.40M$403.60M$389.00M$364.50M$364.70M$367.70M
    Operating Income$1.23B$846.90M$917.40M$836.90M$1.03B$543.30M$700.60M$728.20M$627.20M$639.40M$635.30M$505.10M
    Interest Income$-228,800,000$-219,000,000$-221,200,000$-214,900,000$-213,300,000$-191,600,000$-176,200,000$-182,700,000$-173,100,000$-225,800,000$-175,300,000$-172,100,000
    Interest Expense$229.60M$235.60M$225.20M$216.00M$212.30M$191.30M$176.20M$183.10M$174.00M$224.10M$175.10M$172.20M
    Income Before Tax$1.00B$611.30M$692.20M$620.90M$821.30M$352.00M$524.40M$545.10M$453.20M$415.30M$460.20M$332.90M
    Income Tax Expense$227.20M$123.90M$139.10M$134.30M$184.10M$72.20M$110.50M$97.00M$94.30M$82.70M$102.60M$53.90M
    Net Income$777.70M$487.40M$553.10M$486.60M$637.20M$279.80M$413.90M$448.10M$358.90M$332.60M$357.60M$279.00M
    EBITDA$1.69B$1.26B$1.31B$1.22B$1.41B$915.10M$1.08B$1.09B$978.40M$985.30M$980.30M$839.70M
    EBIT$1.23B$830.30M$913.40M$835.80M$1.03B$543.60M$700.60M$727.80M$626.30M$641.10M$635.50M$505.00M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Targa Resources (NYSE: TRGP) insider to sell 5,816 shares via Schwab

    An insider at Targa Resources Corp. (NYSE: TRGP), Paul William Chung, has filed a Form 144 to sell up to 5,816 shares of common stock. The planned sale will be executed through Charles Schwab Corp. on the NYSE, with sales potentially starting on or after August 26, 2026. This filing indicates an intent to sell restricted or control shares according to Rule 144 regulations.

    Stock Titan•8/26/26•
    Neutral

    Targa Resources Announces Executive Leadership and CFO Transition

    Targa Resources has announced significant executive leadership changes. Brent B. Secrest was appointed President – Logistics and Transportation, and Benjamin J. Branstetter transitioned from that role to Chief Financial Officer, following William A. Byers' retirement. These changes aim to ensure continuity in financial oversight and operational stability, positioning Targa with a seasoned commercial executive and an internal leader overseeing its finances.

    The Globe and Mail•8/26/26•
    Somewhat-Bullish

    11,066 Shares in Targa Resources, Inc. $TRGP Acquired by OMERS ADMINISTRATION Corp

    OMERS Administration Corp recently acquired 11,066 shares of Targa Resources (NYSE:TRGP) valued at approximately $2.97 million. Institutional investors now hold 92.13% of the company's stock. Targa Resources reported strong Q2 adjusted EPS of $3.54, surpassing estimates, and maintains a "Buy" rating from analysts with a consensus price target of $297.18.

    MarketBeat•8/26/26•
    Somewhat-Bullish

    Castleark Management LLC Makes New $5.77 Million Investment in Targa Resources, Inc. $TRGP

    Castleark Management LLC has made a new $5.77 million investment in Targa Resources, Inc. (NYSE:TRGP), acquiring 21,510 shares. This comes amidst other institutional investor activities and recent company developments, including a quarterly dividend announcement, insider stock sales, and new analyst price targets. Targa Resources also reported strong second-quarter earnings and strategic leadership changes.

    MarketBeat•8/26/26•
    Somewhat-Bullish

    Targa Resources signs 20-year Permian Basin midstream deal with ExxonMobil, raises 2026 capital estimate to $5 billion

    Targa Resources has secured a 20-year, fee-based midstream agreement with ExxonMobil for natural gas gathering, processing, and NGL transportation across the Permian Basin's Delaware and Midland sub-basins. To support this growth, Targa will build three new processing plants and a 70-mile pipeline, leading to a revised 2026 growth capital estimate of $5 billion. This long-term partnership reinforces Targa's position as a key midstream operator in the Permian and provides ExxonMobil with essential infrastructure for its increasing production.

    Energies Media•8/26/26•
    Bullish

    Frequently Asked Questions About TRGP

    What is TRGP's current dividend yield?
    Targa Resources Inc (TRGP) has a current dividend yield of 1.53%.
    Does TRGP pay dividends?
    Yes, Targa Resources Inc pays dividends with a current yield of 1.53%.
    What is TRGP's P/E ratio?
    Targa Resources Inc has a price-to-earnings (P/E) ratio of 26.24.
    What is TRGP's market cap?
    Targa Resources Inc (TRGP) has a market capitalization of $61.72B with a current stock price of $293.65.

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