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Targa Resources Corp. Stock Price

NYSE:TRGP Community·US$64.8b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 41 Fair Values set on narratives written by author

TRGP Share Price Performance

US$299.10
135.84 (83.20%)
US$303.52
Fair Value
US$299.10
135.84 (83.20%)
1.5% undervalued intrinsic discount
US$303.52
Fair Value
Price US$299.10
AnalystConsensusTarget US$303.52

TRGP Community Narratives

·
Fair Value US$303.52 1.5% undervalued intrinsic discount

Permian And Export Developments Will Drive Long-Term Success

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US$303.52
1.5% undervalued intrinsic discount
Revenue
19.81% p.a.
Profit Margin
11.99%
Future PE
23.09x
Price in 2029
US$372.98

Trending Discussion

No trending discussion available.

Updated Narratives

TRGP logo

TRGP: Permian Contracts And Capacity Expansions Will Support Balanced Future Returns

Fair Value: US$303.52 1.5% undervalued intrinsic discount
17 users have set this as their fair value
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Snowflake Analysis

Solid track record with moderate growth potential.

2 Risks
3 Rewards

Targa Resources Corp. Key Details

US$16.7b

Revenue

US$9.5b

Cost of Revenue

US$7.2b

Gross Profit

US$5.0b

Other Expenses

US$2.3b

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
10.52
43.19%
13.47%
494.9%
View Full Analysis

About TRGP

Founded
2005
Employees
3570
CEO
Matthew Meloy
WebsiteView website
www.targaresources.com

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Recent TRGP News & Updates

Seeking Alpha Aug 20

Targa Resources: Reloading The Chamber For Growth With ExxonMobil Deal

Summary Targa Resources secures a transformative 20-year midstream agreement with ExxonMobil, anchoring long-term growth and volume certainty. TRGP will invest in three new processing plants, a 70-mile pipeline, and potentially five additional plants, extending its aggressive growth trajectory. The XOM partnership delays the free cash flow inflection beyond 2028, but rising base EBITDA and project completions maintain positive FCF trends. I view TRGP as a BUY, with its premium valuation justified by robust growth prospects and a blue-chip customer base. Read the full article on Seeking Alpha
Narrative Update Aug 19

TRGP: Permian Contracts And Capacity Expansions Will Support Balanced Future Returns

Targa Resources' analyst price target has been raised to $303.52 from $297.29 as analysts factor in higher revenue growth assumptions, slightly lower margin expectations, modestly reduced future P/E multiples, and a series of upward target revisions tied to expanded Permian processing capacity, updated EBITDA estimates, and recent research coverage. Analyst Commentary Recent Street research on Targa Resources has skewed positive, with a series of higher price targets and fresh coverage pointing to supportive views on growth, execution, and valuation.

Recent updates

No updates