View Future GrowthTarga Resources 過去の業績過去 基準チェック /56Targa Resourcesは、平均年間42.9%の収益成長を遂げていますが、 Oil and Gas業界の収益は、年間 成長しています。収益は、平均年間8.9% 1.9%収益成長率で 成長しています。 Targa Resourcesの自己資本利益率は66.2%であり、純利益率は12.8%です。主要情報42.89%収益成長率43.93%EPS成長率Oil and Gas 業界の成長33.67%収益成長率1.88%株主資本利益率66.21%ネット・マージン12.80%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesRecent Insider Transactions • May 14Independent Director recently sold US$2.7m worth of stockOn the 12th of May, Charles Crisp sold around 11k shares on-market at roughly US$256 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$7.5m. Insiders have been net sellers, collectively disposing of US$35m more than they bought in the last 12 months.ライブニュース • May 13Targa Resources Draws Analyst Praise With Higher Dividend and Growth in Gas DemandMorgan Stanley named Targa Resources its top pick in midstream energy on April 22, 2026, citing associated gas production growth in the Permian Basin and assigning a $327 price target with an Overweight rating. Goldman Sachs raised its price target on Targa Resources from $242 to $268 and kept a Buy rating, pointing to rising U.S. natural gas demand, LNG export trends and supportive sector conditions. Targa Resources announced a quarterly dividend of $1.25 per share, up from $1.00, payable on May 15, 2026. TD Cowen and Seaport Global both maintain more cautious Hold ratings. The average analyst target is around $271, with the overall consensus at Strong Buy and an implied 7.5% upside. Taken together, the higher dividend and supportive analyst commentary highlight confidence in Targa’s cash flow profile and its position in U.S. natural gas infrastructure. Investors may still want to balance this optimism against the presence of multiple Hold ratings, which signal differing views on how much upside is already reflected in the stock.New Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (410% cash payout ratio). Significant insider selling over the past 3 months (US$25m sold).ナラティブの更新 • May 10TRGP: Permian Expansion And 2026 Capex Plan Will Support Dividend GrowthThe Targa Resources analyst price target has been adjusted modestly higher to $266.80, with analysts pointing to updated growth capex plans, higher forecast EBITDA and shifts in applied P/E multiples as key inputs behind the change. Analyst Commentary Recent research on Targa Resources has been active, with a series of price target revisions and rating changes clustered around updated growth capex plans, EBITDA forecasts and applied P/E multiples.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.ナラティブの更新 • Apr 23TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have nudged the fair value estimate for Targa Resources higher, lifting the implied price target by about $4 to $264. This move is supported by a series of recent target increases that reflect updated growth projects, higher long term multiples and refined EBITDA forecasts across the Street.Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Apr 19Targa Resources: Growth Supports A Dividend Hike With More To ComeSummary Targa Resources has outperformed, gaining 38% since November, driven by a differentiated growth profile and robust cash flow. TRGP increased its dividend by 25% to $1.25, with expectations for continued rapid dividend growth as major projects come online. 90% of TRGP’s cash flow is now fee-based, supporting a more resilient model and improved dividend sustainability amid a strong balance sheet. I maintain a buy rating with a $265 price target, citing TRGP’s prime Permian position, export strategy, and compelling medium-term growth outlook. Read the full article on Seeking Alphaお知らせ • Apr 17+ 1 more updateTarga Resources Corp. Declares Dividend for the First Quarter of 2026, Payable on May 15, 2026Targa Resources Corp. announced that its board of directors has declared an increase to its quarterly cash dividend to $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25% increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026.ナラティブの更新 • Apr 09TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have raised the Targa Resources price target by about $6 to reflect updated views on revenue, profit margins and future P/E, supported by a series of recent target increases across major research firms. Analyst Commentary Recent research updates cluster around higher price targets and largely constructive views on Targa Resources, but they also flag execution and capital allocation questions that matter if you are focused on risk and return balance.お知らせ • Mar 27Targa Resources Corp., Annual General Meeting, May 21, 2026Targa Resources Corp., Annual General Meeting, May 21, 2026. Location: at 811 louisiana street, suite 2100, tx 77002, houston United Statesナラティブの更新 • Mar 26TRGP: Permian Expansion And Elevated 2026 Capex Will Support Dividend GrowthThe analyst price target for Targa Resources has been updated from $244.40 to $253.67. Analysts cite higher forecast profit margins, increased growth capex plans through 2026 and beyond, and updated models following recent Q4 results as key drivers of their revised views.ナラティブの更新 • Mar 11TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend ExpansionThe analyst price target for Targa Resources in our model has increased by about $13.75 to $244.40, as analysts factor in stronger revenue growth assumptions, updated profit margin expectations, and higher valuation multiples following a series of upward target revisions across the Street. Analyst Commentary Recent research updates show a clear tilt toward higher valuation frameworks for Targa Resources, with multiple firms lifting their price targets following the latest Q4 report, updated capital plans, and revised margin assumptions.Recent Insider Transactions Derivative • Mar 03President of Gathering & Processing notifies of intention to sell stockPatrick McDonie intends to sell 32k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$239, it would amount to US$7.5m. Since March 2025, Patrick's direct individual holding has increased from 280.32k shares to 336.70k. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 26President recently sold US$6.8m worth of stockOn the 24th of February, Jennifer Kneale sold around 30k shares on-market at roughly US$230 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jennifer's only on-market trade for the last 12 months.ナラティブの更新 • Feb 24TRGP: Permian Buildout And Dividend Plan Will Support Balanced Future Cash ReturnsThe analyst fair value estimate for Targa Resources has moved from $212.40 to $230.65. Analysts attribute this change to updated models after Q4 results, stronger medium- to long-term growth assumptions including three Permian processing plants per year, and recent Street price target increases into the $220 to $243 range.Price Target Changed • Feb 23Price target increased by 8.2% to US$231Up from US$213, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of US$232. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$10.00 for next year compared to US$8.52 last year.Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 19Targa Resources Corp. Provides Dividend Guidance for the First Quarter, Payable in May 2026 and Annual Common Dividend for the Fiscal Year 2026Targa Resources Corp. announced that the company's Board of Directors an annual common dividend per share of $5.00 in 2026, a 25% increase to 2025 For the first quarter of 2026, the company intend to recommend to Board of Directors an increase to quarterly common dividend to $1.25 per common share or $5.00 per common share annualized. The recommended 25% increase in common dividend per share, if approved, would be effective for the first quarter of 2026 and payable in May 2026. Going forward, The company expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of common stock.分析記事 • Feb 12Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With InvestorsThe Targa Resources Corp. ( NYSE:TRGP ) share price has done very well over the last month, posting an excellent gain...ナラティブの更新 • Feb 09TRGP: Permian Volumes And Diversification Will Underpin Balanced Future Cash ReturnsNarrative Update on Targa Resources The updated analyst price target for Targa Resources edges higher to about US$212.40. Analysts point to recent target revisions, slight tweaks to growth, margins and discount rate assumptions, and ongoing confidence in the company’s diversified, multi segment footprint as key drivers of the change.ナラティブの更新 • Jan 25TRGP: Permian Volumes And Diversification Will Support Measured Future Cash ReturnsNarrative Update: Targa Resources Analyst Price Target Shift The analyst price target for Targa Resources has moved higher to US$212.05, with analysts pointing to refined assumptions around revenue growth, profit margins and future P/E, alongside recent research highlighting Q3 outperformance, diversified midstream exposure and solid Permian volume trends as key supports for the updated view. Analyst Commentary Recent research on Targa Resources highlights a mix of optimism around execution and growth, alongside some caution on macro sensitivity and the midstream sector reset in price targets.Declared Dividend • Jan 19Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 16+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend, Payable on February 13, 2026Targa Resources Corp. announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026.ナラティブの更新 • Jan 11TRGP: Permian Volume Momentum And Diversification Will Support Future Cash ReturnsAnalysts have trimmed their average price targets on Targa Resources by about US$1 per share, reflecting modest adjustments to growth and discount rate assumptions, while still highlighting Q3 outperformance, diversified operations and Permian volume momentum as key supports for the valuation. Analyst Commentary Street research on Targa Resources reflects small downward moves in price targets, but commentary still leans constructive on execution, earnings quality and asset positioning.お知らせ • Jan 07Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. for $1.3 billion on December 1, 2025. Targa Resources Corp. will acquire Stakeholder Midstream, LLC for $1.3 billion in cash. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Ryan Maierson, James Garrett, Patrick Nevins, Joshua Marnitz, Jim Cole, Jason Cruise, Peter Todaro, David Della Rocca, Sandra Benjamin, Aaron Friberg, Robert Brown, Harrison White, James Robertson, Eric Leon and Benjamin Gelfand of Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Sarah McLean, Robert Jacobson, Britton Davis, Jonathan Konoff and Scott Thompson of Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. on January 6, 2026. The acquisition has an effective date of January 1, 2026.ナラティブの更新 • Dec 26TRGP: Expanding Permian Volumes Will Drive Future Cash Returns And BuybacksThe analyst price target for Targa Resources has been lifted modestly, from approximately $208.90 to $209.40, as analysts point to resilient Q3 results, diversified midstream exposure, and stronger than expected Permian growth prospects despite slightly lower Street price objectives. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Q3 results exceeded expectations, reinforcing confidence in management execution and supporting a premium valuation multiple versus the midstream peer group.ナラティブの更新 • Dec 11TRGP: Expanded Permian Volumes Will Support Future Cash Returns And BuybacksAnalysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.お知らせ • Dec 01Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion on December 1, 2025. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC.ナラティブの更新 • Nov 27TRGP: Expanding Permian Volumes Will Drive Profitability Amid Market UncertaintyAnalysts have modestly raised their fair value estimate for Targa Resources to $208.00. They cite the company's solid profit margins and commercial growth prospects, even though there have been broad reductions in sector price targets.Recent Insider Transactions • Nov 19President of Logistics & Transportation recently sold US$3.4m worth of stockOn the 14th of November, D. Pryor sold around 20k shares on-market at roughly US$172 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 16President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$172, it would amount to US$3.4m. Since March 2025, Pryor's direct individual holding has decreased from 82.14k shares to 75.56k. Company insiders have collectively sold US$31m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.お知らせ • Nov 06+ 1 more updateTarga Resources Corp. Provides Dividend Guidance for the First Quarter and Full Year 2026Targa Resources Corp. provided dividend guidance for the first quarter and full year 2026. for the quarter, the company intends to recommend to Targa’s Board of Directors an increase to its common dividend to $1.25 per common share. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2026 and payable in May 2026. for the year, company intends to recommend to Targa’s Board of Directors dividend of $5.00 per common share.Declared Dividend • Oct 20Second quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 17+ 1 more updateTarga Resources Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2025, Payable on November 17, 2025Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025.ナラティブの更新 • Sep 20Permian And Export Developments Will Drive Long-Term SuccessDespite Targa Resources' resilient Permian volumes, robust cash flow prospects, and investor focus on capital returns, analysts modestly lowered price targets—now $205.30—citing sector-wide valuation concerns and near-term growth already reflected in the stock after a significant rally. Analyst Commentary Bullish analysts cite Targa's strong positioning for natural gas, LNG, and natural gas liquid infrastructure expansion, underpinned by robust global power demand and high-quality asset selection.ナラティブの更新 • Aug 29Permian And Export Developments Will Drive Long-Term SuccessAnalysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold US$3.3m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly US$165 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$42m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 17President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of August. If the sale is conducted around the recent share price of US$165, it would amount to US$3.3m. Since December 2024, Pryor's direct individual holding has decreased from 124.81k shares to 95.56k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 07+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.分析記事 • Aug 03These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Jul 18Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The MarkWith a price-to-earnings (or "P/E") ratio of 30.2x Targa Resources Corp. ( NYSE:TRGP ) may be sending very bearish...Declared Dividend • Jul 14First quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025分析記事 • May 29Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?Key Insights Targa Resources' estimated fair value is US$286 based on 2 Stage Free Cash Flow to Equity Targa Resources...Recent Insider Transactions • May 13President of Logistics & Transportation recently sold US$3.2m worth of stockOn the 8th of May, D. Pryor sold around 20k shares on-market at roughly US$162 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$9.5m. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 09President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$162, it would amount to US$3.2m. Since June 2024, Pryor's direct individual holding has decreased from 177.93k shares to 82.14k. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 14Fourth quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 11Targa Resources Corp. to Report Q1, 2025 Results on May 01, 2025Targa Resources Corp. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$161, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$258 per share.お知らせ • Mar 31Targa Resources Corp., Annual General Meeting, May 20, 2025Targa Resources Corp., Annual General Meeting, May 20, 2025. Location: 811 louisiana street, suite 2100, tx 77002, houston United StatesSeeking Alpha • Mar 21Targa Resources May Still Interest Growth InvestorsSummary Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa’s stock price is up over 50% in less than a year, but the company has good growth projects underway. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to US$178. The fair value is estimated to be US$224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Recent Insider Transactions Derivative • Mar 09Chairman of the Board notifies of intention to sell stockPaul Chung intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.3m. Since March 2024, Paul's direct individual holding has decreased from 546.42k shares to 521.29k. Company insiders have collectively sold US$47m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 27CEO & Director recently sold US$9.5m worth of stockOn the 25th of February, Matthew Meloy sold around 49k shares on-market at roughly US$195 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Feb 26CEO & Director notifies of intention to sell stockMatthew Meloy intends to sell 49k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of February. If the sale is conducted around the recent share price of US$195, it would amount to US$9.5m. For the year to December 2018, Matthew's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Matthew's direct individual holding has increased from 530.15k shares to 774.47k. Company insiders have collectively sold US$23m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Feb 22+ 1 more updateTarga Resources Corp. Recommends Dividend Increase for the First Quarter of 2025, Payable in May 2025For the first quarter of 2025, Targa Resources Corp. intends to recommend to its Board of Directors an increase to its quarterly common dividend to $1.00 per common share or $4.00 per common share annualized. The recommended 33% common dividend per share increase, if approved, would be effective for the first quarter of 2025 and payable in May 2025. Going forward, Targa expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of its common stock.Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$5.86 (vs US$3.69 in FY 2023)Full year 2024 results: EPS: US$5.86 (up from US$3.69 in FY 2023). Revenue: US$16.4b (up 2.0% from FY 2023). Net income: US$1.28b (up 54% from FY 2023). Profit margin: 7.8% (up from 5.2% in FY 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.Seeking Alpha • Feb 06Targa Resources: From Commodity Exposure To Fee-Based StabilitySummary Over the past decade, Targa has transformed into a fee-based midstream operator. The company’s growth is driven by expanding assets in the Permian Basin, increasing processing capacity, and enhancing infrastructure. Despite its focus on fee-based revenue, strong cash flow, and capital allocation, I have some concerns about its high reinvestment rate, high debt-capital ratio, and low cash position. TRGP is well-positioned for long-term stability and growth. However, my valuation showed that there is no margin of safety at the current market price. Read the full article on Seeking AlphaDeclared Dividend • Jan 20Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 17+ 2 more updatesTarga Resources Corp. to Report Q4, 2024 Results on Feb 20, 2025Targa Resources Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025Recent Insider Transactions Derivative • Nov 18Senior VP & Chief Accounting Officer notifies of intention to sell stockJulie Boushka intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$191, it would amount to US$1.9m. Since March 2024, Julie's direct individual holding has decreased from 59.92k shares to 35.14k. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 13President of Logistics & Transportation recently sold US$5.7m worth of stockOn the 8th of November, D. Pryor sold around 30k shares on-market at roughly US$190 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 11President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$190, it would amount to US$5.7m. Since March 2024, Pryor's direct individual holding has increased from 156.10k shares to 157.93k. Company insiders have collectively sold US$27m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Nov 11Targa Resources: Assuming The Past Never Happens AgainSummary Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance. TRGP's rapid dividend growth, recently increased to $4 from $3, highlights its aggressive strategy, making it atypical for midstream investments. The time to invest in a company like this is when it is out of favor. Read the full article on Seeking AlphaPrice Target Changed • Nov 08Price target increased by 7.2% to US$179Up from US$167, the current price target is an average from 21 analysts. New target price is 6.9% below last closing price of US$192. Stock is up 127% over the past year. The company is forecast to post earnings per share of US$6.08 for next year compared to US$3.69 last year.Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: US$1.77 (vs US$0.97 in 3Q 2023)Third quarter 2024 results: EPS: US$1.77 (up from US$0.97 in 3Q 2023). Revenue: US$3.85b (down 1.1% from 3Q 2023). Net income: US$387.4m (up 78% from 3Q 2023). Profit margin: 10% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Declared Dividend • Oct 14Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 11+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend for the Third Quarter of 2024, Payable on November 15, 2024Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.Buy Or Sell Opportunity • Sep 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$147. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions Derivative • Aug 16Independent Director notifies of intention to sell stockJoe Perkins intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$139, it would amount to US$2.9m. Since March 2024, Joe has owned 350.59k shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$143. The fair value is estimated to be US$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Recent Insider Transactions • Aug 14President of Logistics & Transportation recently sold US$2.8m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly US$138 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months.Seeking Alpha • Aug 06Targa Resources: Large Growth Potential With High Capex SpendingSummary Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share. Read the full article on Seeking AlphaReported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.34 (down from US$1.44 in 2Q 2023). Revenue: US$3.56b (up 4.7% from 2Q 2023). Net income: US$298.5m (down 8.4% from 2Q 2023). Profit margin: 8.4% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 01Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.収支内訳Targa Resources の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSE:TRGP 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 2616,5622,1201,739031 Dec 2517,0281,8411,704030 Sep 2517,3781,6151,658030 Jun 2517,0791,5241,624031 Mar 2516,3811,1951,594031 Dec 2416,3821,2701,561030 Sep 2416,2161,2311,522030 Jun 2416,2611,0651,486031 Mar 2416,1021,0951,451031 Dec 2316,0608281,427030 Sep 2316,3768681,407030 Jun 2317,8398441,379031 Mar 2320,4918901,313031 Dec 2220,9308971,223030 Sep 2221,8172441,160030 Jun 2220,9162111,077031 Mar 2218,276-1281,038031 Dec 2116,950-161,020030 Sep 2114,081319997030 Jun 2111,737195961031 Mar 219,844210938031 Dec 208,260-1,685953030 Sep 208,161-1,828937030 Jun 207,949-1,944986031 Mar 208,421-2,0341,044031 Dec 198,671-334984030 Sep 198,795-3271,088030 Jun 199,879-3021,076031 Mar 1910,328-1821,020031 Dec 1810,484-119979030 Sep 1810,589272930030 Jun 189,735129877031 Mar 189,15878856031 Dec 178,815-63826030 Sep 178,125-497801030 Jun 177,645-339785031 Mar 177,361-420764031 Dec 166,691-278741030 Sep 166,326-72708030 Jun 166,306-19706031 Mar 166,42149715031 Dec 156,65958702030 Sep 157,04457681030 Jun 157,700756490質の高い収益: TRGPは 高品質の収益 を持っています。利益率の向上: TRGPの現在の純利益率 (12.8%)は、昨年(7.3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TRGPの収益は過去 5 年間で年間42.9%増加しました。成長の加速: TRGPの過去 1 年間の収益成長率 ( 77.3% ) は、5 年間の平均 ( 年間42.9%を上回っています。収益対業界: TRGPの過去 1 年間の収益成長率 ( 77.3% ) はOil and Gas業界-1.7%を上回りました。株主資本利益率高いROE: TRGPの 自己資本利益率 ( 66.21% ) は 抜群 ですが、負債レベルが高いためこの指標は歪んでいます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YEnergy 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 05:00終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Targa Resources Corp. 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。33 アナリスト機関Ethan BellamyBairdRichard GrossBarclaysTheresa ChenBarclays30 その他のアナリストを表示
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025
Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • May 14Independent Director recently sold US$2.7m worth of stockOn the 12th of May, Charles Crisp sold around 11k shares on-market at roughly US$256 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$7.5m. Insiders have been net sellers, collectively disposing of US$35m more than they bought in the last 12 months.
ライブニュース • May 13Targa Resources Draws Analyst Praise With Higher Dividend and Growth in Gas DemandMorgan Stanley named Targa Resources its top pick in midstream energy on April 22, 2026, citing associated gas production growth in the Permian Basin and assigning a $327 price target with an Overweight rating. Goldman Sachs raised its price target on Targa Resources from $242 to $268 and kept a Buy rating, pointing to rising U.S. natural gas demand, LNG export trends and supportive sector conditions. Targa Resources announced a quarterly dividend of $1.25 per share, up from $1.00, payable on May 15, 2026. TD Cowen and Seaport Global both maintain more cautious Hold ratings. The average analyst target is around $271, with the overall consensus at Strong Buy and an implied 7.5% upside. Taken together, the higher dividend and supportive analyst commentary highlight confidence in Targa’s cash flow profile and its position in U.S. natural gas infrastructure. Investors may still want to balance this optimism against the presence of multiple Hold ratings, which signal differing views on how much upside is already reflected in the stock.
New Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (410% cash payout ratio). Significant insider selling over the past 3 months (US$25m sold).
ナラティブの更新 • May 10TRGP: Permian Expansion And 2026 Capex Plan Will Support Dividend GrowthThe Targa Resources analyst price target has been adjusted modestly higher to $266.80, with analysts pointing to updated growth capex plans, higher forecast EBITDA and shifts in applied P/E multiples as key inputs behind the change. Analyst Commentary Recent research on Targa Resources has been active, with a series of price target revisions and rating changes clustered around updated growth capex plans, EBITDA forecasts and applied P/E multiples.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$2.23 (vs US$0.91 in 1Q 2025)First quarter 2026 results: EPS: US$2.23 (up from US$0.91 in 1Q 2025). Revenue: US$4.09b (down 10% from 1Q 2025). Net income: US$479.6m (up 141% from 1Q 2025). Profit margin: 12% (up from 4.4% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
ナラティブの更新 • Apr 23TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have nudged the fair value estimate for Targa Resources higher, lifting the implied price target by about $4 to $264. This move is supported by a series of recent target increases that reflect updated growth projects, higher long term multiples and refined EBITDA forecasts across the Street.
Declared Dividend • Apr 20Fourth quarter dividend increased to US$1.25Dividend of US$1.25 is 25% higher than last year. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Apr 19Targa Resources: Growth Supports A Dividend Hike With More To ComeSummary Targa Resources has outperformed, gaining 38% since November, driven by a differentiated growth profile and robust cash flow. TRGP increased its dividend by 25% to $1.25, with expectations for continued rapid dividend growth as major projects come online. 90% of TRGP’s cash flow is now fee-based, supporting a more resilient model and improved dividend sustainability amid a strong balance sheet. I maintain a buy rating with a $265 price target, citing TRGP’s prime Permian position, export strategy, and compelling medium-term growth outlook. Read the full article on Seeking Alpha
お知らせ • Apr 17+ 1 more updateTarga Resources Corp. Declares Dividend for the First Quarter of 2026, Payable on May 15, 2026Targa Resources Corp. announced that its board of directors has declared an increase to its quarterly cash dividend to $1.25 per common share, or $5.00 per common share on an annualized basis, for the first quarter of 2026, consistent with previously disclosed expectations. This dividend represents a 25% increase over the common dividend declared with respect to the first quarter of 2025. This cash dividend will be paid May 15, 2026 on all outstanding common shares to holders of record as of the close of business on April 30, 2026.
ナラティブの更新 • Apr 09TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend OutlookAnalysts have raised the Targa Resources price target by about $6 to reflect updated views on revenue, profit margins and future P/E, supported by a series of recent target increases across major research firms. Analyst Commentary Recent research updates cluster around higher price targets and largely constructive views on Targa Resources, but they also flag execution and capital allocation questions that matter if you are focused on risk and return balance.
お知らせ • Mar 27Targa Resources Corp., Annual General Meeting, May 21, 2026Targa Resources Corp., Annual General Meeting, May 21, 2026. Location: at 811 louisiana street, suite 2100, tx 77002, houston United States
ナラティブの更新 • Mar 26TRGP: Permian Expansion And Elevated 2026 Capex Will Support Dividend GrowthThe analyst price target for Targa Resources has been updated from $244.40 to $253.67. Analysts cite higher forecast profit margins, increased growth capex plans through 2026 and beyond, and updated models following recent Q4 results as key drivers of their revised views.
ナラティブの更新 • Mar 11TRGP: Permian Buildout And Higher 2026 Capex Will Support Dividend ExpansionThe analyst price target for Targa Resources in our model has increased by about $13.75 to $244.40, as analysts factor in stronger revenue growth assumptions, updated profit margin expectations, and higher valuation multiples following a series of upward target revisions across the Street. Analyst Commentary Recent research updates show a clear tilt toward higher valuation frameworks for Targa Resources, with multiple firms lifting their price targets following the latest Q4 report, updated capital plans, and revised margin assumptions.
Recent Insider Transactions Derivative • Mar 03President of Gathering & Processing notifies of intention to sell stockPatrick McDonie intends to sell 32k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of March. If the sale is conducted around the recent share price of US$239, it would amount to US$7.5m. Since March 2025, Patrick's direct individual holding has increased from 280.32k shares to 336.70k. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 26President recently sold US$6.8m worth of stockOn the 24th of February, Jennifer Kneale sold around 30k shares on-market at roughly US$230 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jennifer's only on-market trade for the last 12 months.
ナラティブの更新 • Feb 24TRGP: Permian Buildout And Dividend Plan Will Support Balanced Future Cash ReturnsThe analyst fair value estimate for Targa Resources has moved from $212.40 to $230.65. Analysts attribute this change to updated models after Q4 results, stronger medium- to long-term growth assumptions including three Permian processing plants per year, and recent Street price target increases into the $220 to $243 range.
Price Target Changed • Feb 23Price target increased by 8.2% to US$231Up from US$213, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of US$232. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$10.00 for next year compared to US$8.52 last year.
Reported Earnings • Feb 20Full year 2025 earnings: EPS in line with expectations, revenues disappointFull year 2025 results: EPS: US$8.62 (up from US$5.77 in FY 2024). Revenue: US$17.0b (up 3.9% from FY 2024). Net income: US$1.85b (up 46% from FY 2024). Profit margin: 11% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 19Targa Resources Corp. Provides Dividend Guidance for the First Quarter, Payable in May 2026 and Annual Common Dividend for the Fiscal Year 2026Targa Resources Corp. announced that the company's Board of Directors an annual common dividend per share of $5.00 in 2026, a 25% increase to 2025 For the first quarter of 2026, the company intend to recommend to Board of Directors an increase to quarterly common dividend to $1.25 per common share or $5.00 per common share annualized. The recommended 25% increase in common dividend per share, if approved, would be effective for the first quarter of 2026 and payable in May 2026. Going forward, The company expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of common stock.
分析記事 • Feb 12Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With InvestorsThe Targa Resources Corp. ( NYSE:TRGP ) share price has done very well over the last month, posting an excellent gain...
ナラティブの更新 • Feb 09TRGP: Permian Volumes And Diversification Will Underpin Balanced Future Cash ReturnsNarrative Update on Targa Resources The updated analyst price target for Targa Resources edges higher to about US$212.40. Analysts point to recent target revisions, slight tweaks to growth, margins and discount rate assumptions, and ongoing confidence in the company’s diversified, multi segment footprint as key drivers of the change.
ナラティブの更新 • Jan 25TRGP: Permian Volumes And Diversification Will Support Measured Future Cash ReturnsNarrative Update: Targa Resources Analyst Price Target Shift The analyst price target for Targa Resources has moved higher to US$212.05, with analysts pointing to refined assumptions around revenue growth, profit margins and future P/E, alongside recent research highlighting Q3 outperformance, diversified midstream exposure and solid Permian volume trends as key supports for the updated view. Analyst Commentary Recent research on Targa Resources highlights a mix of optimism around execution and growth, alongside some caution on macro sensitivity and the midstream sector reset in price targets.
Declared Dividend • Jan 19Third quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 2.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (134% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 16+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend, Payable on February 13, 2026Targa Resources Corp. announced its quarterly dividend on common shares with respect to the fourth quarter of 2025. Targa announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the fourth quarter of 2025. This cash dividend will be paid February 13, 2026, on all outstanding common shares to holders of record as of the close of business on January 30, 2026.
ナラティブの更新 • Jan 11TRGP: Permian Volume Momentum And Diversification Will Support Future Cash ReturnsAnalysts have trimmed their average price targets on Targa Resources by about US$1 per share, reflecting modest adjustments to growth and discount rate assumptions, while still highlighting Q3 outperformance, diversified operations and Permian volume momentum as key supports for the valuation. Analyst Commentary Street research on Targa Resources reflects small downward moves in price targets, but commentary still leans constructive on execution, earnings quality and asset positioning.
お知らせ • Jan 07Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. for $1.3 billion on December 1, 2025. Targa Resources Corp. will acquire Stakeholder Midstream, LLC for $1.3 billion in cash. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Ryan Maierson, James Garrett, Patrick Nevins, Joshua Marnitz, Jim Cole, Jason Cruise, Peter Todaro, David Della Rocca, Sandra Benjamin, Aaron Friberg, Robert Brown, Harrison White, James Robertson, Eric Leon and Benjamin Gelfand of Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Sarah McLean, Robert Jacobson, Britton Davis, Jonathan Konoff and Scott Thompson of Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC. Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Stakeholder Midstream, LLC from EnCap Flatrock Midstream, L.P. on January 6, 2026. The acquisition has an effective date of January 1, 2026.
ナラティブの更新 • Dec 26TRGP: Expanding Permian Volumes Will Drive Future Cash Returns And BuybacksThe analyst price target for Targa Resources has been lifted modestly, from approximately $208.90 to $209.40, as analysts point to resilient Q3 results, diversified midstream exposure, and stronger than expected Permian growth prospects despite slightly lower Street price objectives. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Q3 results exceeded expectations, reinforcing confidence in management execution and supporting a premium valuation multiple versus the midstream peer group.
ナラティブの更新 • Dec 11TRGP: Expanded Permian Volumes Will Support Future Cash Returns And BuybacksAnalysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.
お知らせ • Dec 01Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion.Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Stakeholder Midstream, LLC for $1.3 billion on December 1, 2025. Targa expects to fund the acquisition using its strong liquidity position, including cash on hand and its existing $3.5 billion revolving credit facility. Completion of the transaction is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the first quarter of 2026. RBC Capital Markets, LLC acted as financial advisor for Targa Resources Corp. Latham & Watkins LLP acted as legal advisor for Targa Resources Corp. Jefferies Financial Group Inc. acted as financial advisor for Stakeholder Midstream, LLC. Willkie Farr & Gallagher LLP and Clifford Chance US LLP acted as legal advisor for Stakeholder Midstream, LLC.
ナラティブの更新 • Nov 27TRGP: Expanding Permian Volumes Will Drive Profitability Amid Market UncertaintyAnalysts have modestly raised their fair value estimate for Targa Resources to $208.00. They cite the company's solid profit margins and commercial growth prospects, even though there have been broad reductions in sector price targets.
Recent Insider Transactions • Nov 19President of Logistics & Transportation recently sold US$3.4m worth of stockOn the 14th of November, D. Pryor sold around 20k shares on-market at roughly US$172 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 16President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$172, it would amount to US$3.4m. Since March 2025, Pryor's direct individual holding has decreased from 82.14k shares to 75.56k. Company insiders have collectively sold US$31m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$2.22 (up from US$1.76 in 3Q 2024). Revenue: US$4.15b (up 7.8% from 3Q 2024). Net income: US$478.4m (up 24% from 3Q 2024). Profit margin: 12% (up from 10.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year.
お知らせ • Nov 06+ 1 more updateTarga Resources Corp. Provides Dividend Guidance for the First Quarter and Full Year 2026Targa Resources Corp. provided dividend guidance for the first quarter and full year 2026. for the quarter, the company intends to recommend to Targa’s Board of Directors an increase to its common dividend to $1.25 per common share. The recommended common dividend per share increase, if approved, would be effective for the first quarter of 2026 and payable in May 2026. for the year, company intends to recommend to Targa’s Board of Directors dividend of $5.00 per common share.
Declared Dividend • Oct 20Second quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (201% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 17+ 1 more updateTarga Resources Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2025, Payable on November 17, 2025Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $1.00 per common share, or $4.00 per common share on an annualized basis, for the third quarter of 2025. This cash dividend will be paid November 17, 2025 on all outstanding common shares to holders of record as of the close of business on October 31, 2025.
ナラティブの更新 • Sep 20Permian And Export Developments Will Drive Long-Term SuccessDespite Targa Resources' resilient Permian volumes, robust cash flow prospects, and investor focus on capital returns, analysts modestly lowered price targets—now $205.30—citing sector-wide valuation concerns and near-term growth already reflected in the stock after a significant rally. Analyst Commentary Bullish analysts cite Targa's strong positioning for natural gas, LNG, and natural gas liquid infrastructure expansion, underpinned by robust global power demand and high-quality asset selection.
ナラティブの更新 • Aug 29Permian And Export Developments Will Drive Long-Term SuccessAnalysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.
Recent Insider Transactions • Aug 20President of Logistics & Transportation recently sold US$3.3m worth of stockOn the 15th of August, D. Pryor sold around 20k shares on-market at roughly US$165 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$42m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 17President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of August. If the sale is conducted around the recent share price of US$165, it would amount to US$3.3m. Since December 2024, Pryor's direct individual holding has decreased from 124.81k shares to 95.56k. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$2.89 (up from US$1.34 in 2Q 2024). Revenue: US$4.26b (up 20% from 2Q 2024). Net income: US$629.1m (up 112% from 2Q 2024). Profit margin: 15% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 55%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 07+ 1 more updateTarga Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.
分析記事 • Aug 03These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Jul 18Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The MarkWith a price-to-earnings (or "P/E") ratio of 30.2x Targa Resources Corp. ( NYSE:TRGP ) may be sending very bearish...
Declared Dividend • Jul 14First quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 11+ 1 more updateTarga Resources Corp. to Report Q2, 2025 Results on Aug 07, 2025Targa Resources Corp. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025
分析記事 • May 29Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?Key Insights Targa Resources' estimated fair value is US$286 based on 2 Stage Free Cash Flow to Equity Targa Resources...
Recent Insider Transactions • May 13President of Logistics & Transportation recently sold US$3.2m worth of stockOn the 8th of May, D. Pryor sold around 20k shares on-market at roughly US$162 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$9.5m. Insiders have been net sellers, collectively disposing of US$47m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 09President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$162, it would amount to US$3.2m. Since June 2024, Pryor's direct individual holding has decreased from 177.93k shares to 82.14k. Company insiders have collectively sold US$46m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • May 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$0.92 (down from US$1.23 in 1Q 2024). Revenue: US$4.56b (flat on 1Q 2024). Net income: US$200.0m (down 27% from 1Q 2024). Profit margin: 4.4% (down from 6.0% in 1Q 2024). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 14Fourth quarter dividend of US$1.00 announcedShareholders will receive a dividend of US$1.00. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 11Targa Resources Corp. to Report Q1, 2025 Results on May 01, 2025Targa Resources Corp. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$161, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$258 per share.
お知らせ • Mar 31Targa Resources Corp., Annual General Meeting, May 20, 2025Targa Resources Corp., Annual General Meeting, May 20, 2025. Location: 811 louisiana street, suite 2100, tx 77002, houston United States
Seeking Alpha • Mar 21Targa Resources May Still Interest Growth InvestorsSummary Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa’s stock price is up over 50% in less than a year, but the company has good growth projects underway. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.7% to US$178. The fair value is estimated to be US$224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Recent Insider Transactions Derivative • Mar 09Chairman of the Board notifies of intention to sell stockPaul Chung intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.3m. Since March 2024, Paul's direct individual holding has decreased from 546.42k shares to 521.29k. Company insiders have collectively sold US$47m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 27CEO & Director recently sold US$9.5m worth of stockOn the 25th of February, Matthew Meloy sold around 49k shares on-market at roughly US$195 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Feb 26CEO & Director notifies of intention to sell stockMatthew Meloy intends to sell 49k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of February. If the sale is conducted around the recent share price of US$195, it would amount to US$9.5m. For the year to December 2018, Matthew's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Matthew's direct individual holding has increased from 530.15k shares to 774.47k. Company insiders have collectively sold US$23m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Feb 22+ 1 more updateTarga Resources Corp. Recommends Dividend Increase for the First Quarter of 2025, Payable in May 2025For the first quarter of 2025, Targa Resources Corp. intends to recommend to its Board of Directors an increase to its quarterly common dividend to $1.00 per common share or $4.00 per common share annualized. The recommended 33% common dividend per share increase, if approved, would be effective for the first quarter of 2025 and payable in May 2025. Going forward, Targa expects to be in position to continue to meaningfully increase the capital returned to shareholders through increasing common dividends per share and opportunistic repurchases of its common stock.
Reported Earnings • Feb 20Full year 2024 earnings released: EPS: US$5.86 (vs US$3.69 in FY 2023)Full year 2024 results: EPS: US$5.86 (up from US$3.69 in FY 2023). Revenue: US$16.4b (up 2.0% from FY 2023). Net income: US$1.28b (up 54% from FY 2023). Profit margin: 7.8% (up from 5.2% in FY 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 20Targa Resources Corp. Provides Earnings Guidance for the Year 2025Targa Resources Corp. provided earnings guidance for the year 2025. For the period, the company expects Net income attributable to Targa Resources Corp. of $1,765.0 millions.
Seeking Alpha • Feb 06Targa Resources: From Commodity Exposure To Fee-Based StabilitySummary Over the past decade, Targa has transformed into a fee-based midstream operator. The company’s growth is driven by expanding assets in the Permian Basin, increasing processing capacity, and enhancing infrastructure. Despite its focus on fee-based revenue, strong cash flow, and capital allocation, I have some concerns about its high reinvestment rate, high debt-capital ratio, and low cash position. TRGP is well-positioned for long-term stability and growth. However, my valuation showed that there is no margin of safety at the current market price. Read the full article on Seeking Alpha
Declared Dividend • Jan 20Third quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 17+ 2 more updatesTarga Resources Corp. to Report Q4, 2024 Results on Feb 20, 2025Targa Resources Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025
Recent Insider Transactions Derivative • Nov 18Senior VP & Chief Accounting Officer notifies of intention to sell stockJulie Boushka intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$191, it would amount to US$1.9m. Since March 2024, Julie's direct individual holding has decreased from 59.92k shares to 35.14k. Company insiders have collectively sold US$37m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 13President of Logistics & Transportation recently sold US$5.7m worth of stockOn the 8th of November, D. Pryor sold around 30k shares on-market at roughly US$190 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 11President of Logistics & Transportation notifies of intention to sell stockD. Pryor intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of November. If the sale is conducted around the recent share price of US$190, it would amount to US$5.7m. Since March 2024, Pryor's direct individual holding has increased from 156.10k shares to 157.93k. Company insiders have collectively sold US$27m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Nov 11Targa Resources: Assuming The Past Never Happens AgainSummary Target Resources cut its dividend in 2020 to repay debt faster, reflecting its aggressive growth strategy. Midstream earnings are protected by "take-or-pay" contracts, but growth often slows during cyclical downturns (of customer upstream companies). The cyclical nature of the upstream business means growth will eventually slow, affecting stock performance. TRGP's rapid dividend growth, recently increased to $4 from $3, highlights its aggressive strategy, making it atypical for midstream investments. The time to invest in a company like this is when it is out of favor. Read the full article on Seeking Alpha
Price Target Changed • Nov 08Price target increased by 7.2% to US$179Up from US$167, the current price target is an average from 21 analysts. New target price is 6.9% below last closing price of US$192. Stock is up 127% over the past year. The company is forecast to post earnings per share of US$6.08 for next year compared to US$3.69 last year.
Reported Earnings • Nov 05Third quarter 2024 earnings released: EPS: US$1.77 (vs US$0.97 in 3Q 2023)Third quarter 2024 results: EPS: US$1.77 (up from US$0.97 in 3Q 2023). Revenue: US$3.85b (down 1.1% from 3Q 2023). Net income: US$387.4m (up 78% from 3Q 2023). Profit margin: 10% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Oct 14Second quarter dividend of US$0.75 announcedShareholders will receive a dividend of US$0.75. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 11+ 1 more updateTarga Resources Corp. Announces Quarterly Dividend for the Third Quarter of 2024, Payable on November 15, 2024Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.
Buy Or Sell Opportunity • Sep 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$147. The fair value is estimated to be US$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions Derivative • Aug 16Independent Director notifies of intention to sell stockJoe Perkins intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$139, it would amount to US$2.9m. Since March 2024, Joe has owned 350.59k shares directly. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months.
Buy Or Sell Opportunity • Aug 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$143. The fair value is estimated to be US$119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Recent Insider Transactions • Aug 14President of Logistics & Transportation recently sold US$2.8m worth of stockOn the 12th of August, D. Pryor sold around 20k shares on-market at roughly US$138 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$23m more than they bought in the last 12 months.
Seeking Alpha • Aug 06Targa Resources: Large Growth Potential With High Capex SpendingSummary Targa Resources is a high-growth midstream play whose assets provide an integrated system to deliver NGLs from the wellhead to export terminals. The company is very comparable to Enterprise Products in many ways. However, due to its smaller size, TRGP will realize a larger growth rate. With an estimated 13% CAGR, I rate TRGP as a buy with an initial price target of $180/share. Read the full article on Seeking Alpha
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$1.34 (down from US$1.44 in 2Q 2023). Revenue: US$3.56b (up 4.7% from 2Q 2023). Net income: US$298.5m (down 8.4% from 2Q 2023). Profit margin: 8.4% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 01Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.Targa Resources Corp. (NYSE:TRGP) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock.
