Targa Resources is forecast to grow earnings and revenue by 12.2% and 12.3% per annum respectively. EPS is expected to grow by 13.1% per annum. Return on equity is forecast to be 58.9% in 3 years.
Key information
12.2%
Earnings growth rate
13.06%
EPS growth rate
Oil and Gas earnings growth
6.8%
Revenue growth rate
12.3%
Future return on equity
58.94%
Analyst coverage
Good
Last updated
23 Jun 2026
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
BIT:1TRGP - Analysts future estimates and past financials data (USD Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
24,634
3,021
2,918
5,727
8
12/31/2027
22,790
2,553
1,327
5,170
9
12/31/2026
20,068
2,290
-40
4,568
8
3/31/2026
16,562
2,120
262
3,703
N/A
12/31/2025
17,028
1,841
584
3,917
N/A
9/30/2025
17,378
1,615
643
3,740
N/A
6/30/2025
17,079
1,524
428
3,682
N/A
3/31/2025
16,381
1,195
640
3,728
N/A
12/31/2024
16,382
1,270
684
3,650
N/A
9/30/2024
16,216
1,231
321
3,280
N/A
6/30/2024
16,261
1,065
424
3,146
N/A
3/31/2024
16,102
1,095
339
2,918
N/A
12/31/2023
16,060
828
826
3,212
N/A
9/30/2023
16,376
868
607
2,791
N/A
6/30/2023
17,839
844
855
2,844
N/A
3/31/2023
20,491
890
1,197
2,802
N/A
12/31/2022
20,930
897
1,047
2,381
N/A
9/30/2022
21,817
244
1,349
2,347
N/A
6/30/2022
20,916
211
1,657
2,383
N/A
3/31/2022
18,276
-128
1,758
2,371
N/A
12/31/2021
16,950
-16
1,798
2,303
N/A
9/30/2021
14,081
319
1,978
2,448
N/A
6/30/2021
11,737
195
1,775
2,309
N/A
3/31/2021
9,844
210
1,266
1,972
N/A
12/31/2020
8,260
-1,685
793
1,745
N/A
9/30/2020
8,161
-1,828
320
1,567
N/A
6/30/2020
7,949
-1,944
-166
1,576
N/A
3/31/2020
8,421
-2,034
-741
1,535
N/A
12/31/2019
8,671
-334
N/A
1,390
N/A
9/30/2019
8,795
-327
N/A
1,148
N/A
6/30/2019
9,879
-302
N/A
1,153
N/A
3/31/2019
10,328
-182
N/A
1,097
N/A
12/31/2018
10,484
-119
N/A
1,144
N/A
9/30/2018
10,589
272
N/A
1,322
N/A
6/30/2018
9,735
129
N/A
1,019
N/A
3/31/2018
9,158
78
N/A
975
N/A
12/31/2017
8,815
-63
N/A
940
N/A
9/30/2017
8,125
-497
N/A
809
N/A
6/30/2017
7,645
-339
N/A
844
N/A
3/31/2017
7,361
-420
N/A
915
N/A
12/31/2016
6,691
-278
N/A
837
N/A
9/30/2016
6,326
-72
N/A
900
N/A
6/30/2016
6,306
-19
N/A
1,008
N/A
3/31/2016
6,421
49
N/A
1,005
N/A
12/31/2015
6,659
58
N/A
1,035
N/A
9/30/2015
7,044
57
N/A
938
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1TRGP's forecast earnings growth (12.2% per year) is above the savings rate (3.3%).
Earnings vs Market: 1TRGP's earnings (12.2% per year) are forecast to grow faster than the Italian market (11% per year).
High Growth Earnings: 1TRGP's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1TRGP's revenue (12.3% per year) is forecast to grow faster than the Italian market (6% per year).
High Growth Revenue: 1TRGP's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1TRGP's Return on Equity is forecast to be very high in 3 years time (58.9%).
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/06 01:20
End of Day Share Price
2026/07/06 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Analyst Sources
Targa Resources Corp. is covered by 32 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.