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    T

    Targa Resources Inc (TRGP)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • NYSE

    $282.56
    -8.35 (-2.87%)

    Market Cap: $62.38B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    54%(21/39)
    Avg Surprise
    +124.96%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.82
    Range$2.73 - $2.91
    3 analysts
    EPS Revisions
    1
    0
    7d
    2
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.79+0.8%
    60d ago$2.81+0.2%
    30d ago$2.82-0.0%
    7d ago$2.82-0.0%
    Current$2.82
    Revenue Consensus
    $4.7B
    Range$4.0B - $5.7B
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$3.26
    Range$2.78 - $3.82
    5 analysts
    Revenue Consensus
    $4.7B
    Range$2.3B - $6.7B
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$3.26---
    Sep 26EST
    		-$2.82---
    Jun 26
    Reported Aug 6
    		$3.54$2.83+25.09%Beat+23.3%
    Mar 26
    Reported May 7
    		$2.76$2.57+7.39%Beat+46.2%
    Dec 25
    Reported Feb 19
    		$2.69$2.40+12.08%Beat+47.8%
    Sep 25
    Reported Nov 5
    		$2.20$2.23-1.35%Miss+14.6%
    Jun 25
    Reported Aug 7
    		$2.87$1.91+50.26%Beat+81.6%
    Mar 25
    Reported May 1
    		$1.89$2.05-8.00%Miss+54.8%
    Dec 24
    Reported Feb 20
    		$1.82$1.83-0.55%Miss+21.3%
    Sep 24
    Reported Nov 5
    		$1.92$1.61+19.25%Beat+76.1%
    Jun 24
    Reported Aug 1
    		$1.58$1.27+24.41%Beat+61.2%
    Mar 24
    Reported May 2
    		$1.22$1.30-6.15%Miss+3966.7%
    Dec 23
    Reported Feb 15
    		$1.50$1.43+4.90%Beat-7.4%
    Sep 23
    Reported Nov 2
    		$1.09$1.16-6.03%Miss-20.4%
    Jun 23
    Reported Aug 3
    		$0.98$1.23-20.33%Miss+988.9%
    Mar 23
    Reported May 4
    		$0.03N/A-97.86%Miss-50.0%
    Dec 22
    Reported Feb 22
    		$1.62$1.16+39.66%Beat+131.4%
    Sep 22
    Reported Nov 3
    		$1.37$1.13+21.24%Beat+136.2%
    Jun 22
    Reported Aug 4
    		$0.09N/A-91.09%Miss-43.8%
    Mar 22
    Reported May 5
    		$0.06N/A-93.02%Miss-88.5%
    Dec 21
    Reported Feb 24
    		$0.70$0.51+37.25%Beat+1850.0%
    Sep 21
    Reported Nov 4
    		$0.58$0.38+52.63%Beat+163.6%
    Jun 21
    Reported Aug 5
    		$0.16$0.29-44.83%Miss+14.3%
    Mar 21
    Reported May 6
    		$0.52$0.17+205.88%Beat-82.0%
    Dec 20
    Reported Feb 18
    		$-0.04N/A-116.00%Miss-111.1%
    Sep 20
    Reported Nov 5
    		$0.22$0.14+57.14%Beat+164.7%
    Jun 20
    Reported Aug 6
    		$0.14$-0.04+450.00%Beat+177.8%
    Mar 20
    Reported May 7
    		$2.89$-0.07+4228.57%Beat+1063.3%
    Dec 19
    Reported Feb 20
    		$0.36$-0.09+500.00%Beat+12.5%
    Sep 19
    Reported Nov 7
    		$-0.34$-0.22-54.55%Miss-41.7%
    Jun 19
    Reported Aug 8
    		$-0.18$-0.34+47.06%Beat-151.4%
    Mar 19
    Reported May 8
    		$-0.30$-0.10-200.00%Miss-900.0%
    Dec 18
    Reported Mar 1
    		$0.32$0.01+3100.00%Beat+500.0%
    Sep 18
    Reported Nov 8
    		$-0.24$0.12-300.00%Miss-196.0%
    Jun 18
    Reported Aug 9
    		$0.35$-0.04+975.00%Beat+150.0%
    Mar 18
    Reported May 3
    		$-0.03$-0.02-50.00%Miss+96.0%
    Dec 17
    Reported Feb 15
    		$-0.08$0.01-900.00%Miss+93.2%
    Sep 17
    Reported Nov 3
    		$0.25$-0.14+278.57%Beat-
    Jun 17
    Reported Aug 3
    		$0.14$-0.15+193.33%Beat-
    Mar 17
    Reported May 4
    		$-0.75$-0.05-1400.00%Miss-
    Dec 16
    Reported Feb 17
    		$-1.18$0.06-2066.67%Miss-

    Dividends

    Dividend Metrics

    Forward Yield1.77%
    Forward Annual Dividend$5.00
    Payout Ratio22.53%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+38.88%
    5Y CAGR+65.72%
    TRGP dividend history and ex-dividend datesRun TRGP in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio25.25EV/EBITDA14.60x
    Price/FCF81.84xFCF Yield1.22%
    Profitability
    Profit Margin13.60%Operating Margin27.80%
    ROE70.80%ROIC12.91%
    Financial Health
    Debt/Equity5.35xInterest CoverageN/A
    Current Ratio0.77xQuick Ratio0.68x
    Trading Statistics
    Beta0.80Avg Volume1.19M
    52-Week High$307.9452-Week Low$141.11

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$287.11
    SMA 20$283.96
    SMA 50$285.02
    SMA 200$251.64
    EMA 10$286.56
    EMA 20$285.62
    EMA 50$282.98
    EMA 200$252.87

    MACD

    Line: 0.95Signal: 0.32Hist: 0.63

    ADX

    ADX: 11.8+DI: 20.9-DI: 27.5

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down60.0
    PSAR$296.77

    Bollinger Bands

    Upper Band$296.30
    Lower Band$271.63
    %B Position869%(Upper)
    Band Width0.44

    RSI (14-Day)

    Neutral
    47.2

    Momentum Oscillators

    Stoch %K76.1
    Stoch %D83.0
    Williams %R-47.7
    ROC (10d)1.2%
    Momentum3.25
    CCI (20d)-8.1
    MFI (14d)57.6

    Volatility Measures

    ATR (14d)$7.53(2.7%)
    StdDev (20d)6.17
    Hist Vol26.1%(Moderate)

    Volume Flow

    VWAP$283.54
    OBV34.8M
    AD Line-654.3M
    CMF (20d)-0.020

    Volume Metrics

    Avg Vol (20d)1.2M
    Vol Ratio0.9x
    VWMA (20d)$284.56

    Pivot Points

    R3$302.37
    R2$299.57
    R1$295.24
    Pivot Point$292.44
    S1$288.12
    S2$285.32
    S3$280.99

    Advanced Oscillators

    TSI3.73
    Ultimate Osc48.8
    KST-8.52

    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

    BofA lifts target for Targa Resources stock to USD 330

    BofA has raised its price target for Targa Resources (TRGP) stock to USD 330, an increase from USD 300, citing an expected 14.98 percent gain above its current NYSE price. Targa Resources will announce its third-quarter...

    ad-hoc-news.de•10/16/26•Neutral

    Jefferies cuts Targa Resources target to USD 326 for Targa Resources stock

    Jefferies has lowered its price target for Targa Resources (TRGP) stock to $326 from $345, citing a projected quarter-over-quarter marketing loss due to compression of the Waha differential and higher LPG spot cargo...

    ad-hoc-news.de•10/16/26•Somewhat-Bearish

    Targa Resources declares USD 1.25 dividend for Targa Resources stock

    Targa Resources has declared a quarterly dividend of USD 1.25, amounting to USD 5.00 annually. The dividend will be paid on November 17, 2026, to shareholders of record on October 30...

    ad-hoc-news.de•10/15/26•Bullish

    ETFs Investing in Targa Resources Corp. Stocks

    This article lists various ETFs that hold Targa Resources Corp. (TRGP) stocks, providing detailed information such as market value, weight, issuer, management style, expense ratio, AUM, price...

    TradingView•10/14/26•Neutral

    Targa Resources, Inc. (NYSE:TRGP) Stock to Pay Quarterly Dividend of $1.25

    Targa Resources, Inc. (NYSE:TRGP) has declared a quarterly dividend of $1.25 per share, to be paid on November 17th to shareholders of record on October 30th. This translates to an annualized dividend of $5.00...

    MarketBeat•10/14/26•Bullish

    TRGP Valuation and Fair Value

    P/E
    25.3x
    Forward P/E
    23.2x
    EV/EBITDA
    14.6x
    P/FCF
    81.8x
    PEG
    1.2x
    P/B
    16.6x
    See GNG's fair value

    TRGP Profitability: Margins, ROIC and FCF

    Gross margin
    43.2%
    Operating margin
    27.8%
    Net margin
    13.6%
    ROIC
    12.9%
    ROE
    70.8%
    FCF margin
    4.4%
    FCF yield
    1.2%

    TRGP Competitors

    CompanyTicker
    TC Energy CorpTRP
    Occidental Petroleum CorporationOXY
    Imperial Oil LtdIMO
    Cenovus Energy IncCVE
    Energy Transfer LPET
    ONEOK IncOKE
    Schlumberger NVSLB
    Cheniere Energy IncLNG

    Sector: Energy

    TRGP Analyst Ratings

    Consensus
    Buy
    Analysts
    22
    Strong Buy
    6
    Buy
    15
    Hold
    1
    Sell
    0
    Strong Sell
    0

    TRGP Bull Case vs Bear Case

    Bull case

    • 95.5% of TRGP's analyst ratings are Buy or Strong Buy.

    Bear case

    • TRGP has a debt-to-equity ratio of 5.4x.

    TRGP Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    13.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.82
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 1 down

    TRGP Dividend

    Forward yield
    1.8%
    Payout ratio
    22.5%
    3Y DPS growth
    38.9%
    5Y DPS growth
    65.7%
    Pay months
    Feb, May, Aug, Nov
    TRGP dividend history

    Frequently Asked Questions About TRGP

    What is TRGP's current dividend yield?

    Targa Resources Inc (TRGP) has a forward dividend yield of 1.77%.

    Does TRGP pay dividends?

    Yes, Targa Resources Inc pays dividends with a forward dividend yield of 1.77%.

    What is TRGP's P/E ratio?

    Targa Resources Inc has a price-to-earnings (P/E) ratio of 25.25.

    What is TRGP's market cap?

    Targa Resources Inc (TRGP) has a market capitalization of $62.38B with a current stock price of $282.56.

    Related stocks

    Sector: Energy

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