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Targa Resources

(NYSE) TRGP

Current Price$283.42
Market Cap$60.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2010)+2,108%
5 Year+659%
1 Year+74%
1 Month+9%
Targa Resources last closing stock price
MetricPriceDate
Last closeUSD 282.912026-07-17
Targa Resources stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+3.5%USD 273.352026-07-10
1 month+8.5%USD 260.742026-06-17
3 month+20.73%USD 234.322026-04-17
Year to date+54.88%USD 182.672025-12-31
1 year+73.82%USD 162.762025-07-17
3 year+285.29%USD 73.432023-07-18
5 year+658.9%USD 37.282021-07-16
Since inception+2,108.18%USD 12.812010-12-07

Targa Resources Financials at a Glance

Market Cap

$60.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$16.38B

Net Income (TTM)

$2.13B

EPS (TTM)

$9.82

P/E Ratio

28.82

Dividend

$4.25

Beta (Volatility)

0.89 (Low)

Price

$283.42

Volume

1,140,462

Open

$283.57

Previous Close

$282.91

Daily Range

$280.76 - $285.56

52-Week Range

$144.14 - $285.56

Estimated Earnings Date

Aug 6, 2026

TRGP News

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Page 1

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About Targa Resources

Targa helps move and process energy that powers homes and businesses. It takes raw natural gas from wells and cleans it for safe use. The company also handles liquids used to make plastic and fuel for export.

The Midstream Menu

  • Gathering and Processing: Pipelines collect raw gas from wells to remove impurities and extract liquids at 54 owned plants.
  • Logistics and Transportation: Specialized pipes and facilities turn mixed liquids into separate products like propane and butane.
  • NGL Export Services: Marine terminals at Galena Park load energy products onto large ships for international buyers.
  • Crude Oil Services: Systems gather and store unrefined oil for delivery to refineries and markets.

Expanding the Pipeline Network

  • Completed the acquisition of Blackstone's 45% interest in Targa Badlands for $1.8 billion in March 2025.
  • Acquired Stakeholder Midstream in January 2026 for $1.25 billion to add infrastructure in the Permian Basin.
  • Formed the Blackcomb Joint Venture in July 2024 to build a 365-mile natural gas pipeline.
  • Announced plans for the 500-mile Speedway NGL Pipeline in September 2025 to connect West Texas to the Gulf Coast.
  • Commenced operations at the Bull Moose and Pembrook II processing plants during 2025.

What Makes Targa Different

Targa owns a massive network of pipes and storage wells that are difficult for competitors to replicate. Its assets connect the busiest oil fields in Texas directly to global shipping hubs on the Gulf Coast.

The Latest Financial Figures

  • Net income rose to $545 million in Q4 2025, a 55.3% increase from the previous year.
  • Gross profit reached $1.7 billion in Q4 2025, up 58.3% compared to Q4 2024.
  • Operating cash flow grew to $1.5 billion in Q4 2025, representing a 13.4% year-over-year increase.
  • Revenue for Q4 2025 was $4.1 billion, down 7.9% from $4.4 billion in Q4 2024.
  • The company repurchased $641.8 million of common stock during the full year of 2025.

Evolution and Future Outlook

Targa has shifted from a regional gatherer into a major North American infrastructure power. By building its own pipelines and export docks, the company now controls the entire journey of energy products from the wellhead to the global market.

AI Generated • Apr 18, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

3,570

CEO

Matthew J. Meloy, CFA

Website

www.targaresources.com

Headquarters

Houston, TX 77002, US

TRGP Financials

Key Financial Metrics (TTM)

Gross Margin

29.88%

Operating Margin

21.11%

Net Income Margin

12.98%

Return on Equity

73.92%

Return on Capital

16.72%

Return on Assets

7.84%

Earnings Yield

3.47%

Dividend Yield

1.50%

Payout Ratio

40.94%

Stock Overview

Market Cap

$60.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

214.64M

Volume

1.14M

Avg. Volume

1.23M

Financials (TTM)

Gross Profit

$4.89B

Operating Income

$3.46B

EBITDA

$4.98B

Operating Cash Flow

$3.70B

Capital Expenditure

-$3.44B

Free Cash Flow

$261.90M

Cash & ST Invst.

$100.10M

Total Debt

$19.13B

Targa Resources Performance Analysis

Targa Resources annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 21,684,500,00024.3%
20232023-12-31USD 15,619,200,000-28.0%
20242024-12-31USD 16,626,900,0006.5%
20252025-12-31USD 17,188,600,0003.4%
Targa Resources sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-17.0%
Q32025-09-304.4%
Q42025-12-31-3.5%
Q12026-03-311.0%
Targa Resources annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 3.88N/A
20232023-12-31USD 3.66-5.6%
20242024-12-31USD 5.7456.5%
20252025-12-31USD 8.4948.0%
Targa Resources sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30216.8%
Q32025-09-30-23.6%
Q42025-12-3115.0%
Q12026-03-31-12.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$4.09B

-15.6%

Gross Profit

$1.27B

+37.9%

Gross Margin

31.12%

N/A

Market Cap

$60.72BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$17.01M

N/A

Employees

3,570

N/A

Net Income

$479.60M

+141.2%

EBITDA

$1.04B

+13.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$100.10M

-33.9%

Total Debt

$19.13B

+18.0%

Accounts Receivable

$1.69B

+20.6%

Inventory

$334.40M

+30.5%

Long Term Debt

$18.43B

+18.6%

Short Term Debt

$696.90M

+5.5%

Return on Assets

7.84%

N/A

Return on Invested Capital

14.58%

N/A

Free Cash Flow

-$160.00M

-198.6%

Operating Cash Flow

$739.50M

-22.5%

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Questions About TRGP

What is the current price of Targa Resources?

Targa Resources is trading at $282.91 per share.

What is the 52-week range for Targa Resources?

Over the past 52 weeks, Targa Resources has traded between $144.14 and $285.56.

How much debt does Targa Resources have?

As of the most recent reporting period, Targa Resources reported total debt of $19.13B.

How much cash does Targa Resources have on hand?

Targa Resources reported $100.10M in cash and cash equivalents in its most recent financial results.

What is Targa Resources’s dividend yield?

Targa Resources currently has a dividend yield of 1.50%.

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