TRGP Stock Overview
Together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
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Targa Resources Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$176.79 |
| 52 Week High | US$209.87 |
| 52 Week Low | US$81.03 |
| Beta | 2.28 |
| 1 Month Change | -12.84% |
| 3 Month Change | 15.68% |
| 1 Year Change | 103.89% |
| 3 Year Change | 247.94% |
| 5 Year Change | 335.34% |
| Change since IPO | 615.75% |
Recent News & Updates
Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate
Nov 21
Targa Resources: Assuming The Past Never Happens Again
Nov 11Recent updates
Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate
Nov 21Targa Resources: Assuming The Past Never Happens Again
Nov 11Should You Be Adding Targa Resources (NYSE:TRGP) To Your Watchlist Today?
Nov 03What You Can Learn From Targa Resources Corp.'s (NYSE:TRGP) P/E
Oct 16We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt
Aug 30Targa Resources: Large Growth Potential With High Capex Spending
Aug 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jul 31Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price
Jul 16If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity
Jun 21Targa Resources: Improving Ebitda And Possible Upside Potential
May 03Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Apr 07Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa: 2024 Shaping Up To Be A Good Year
Mar 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Dec 26Targa Resources: Promising Growth Prospects But Almost Full Valuation
Dec 05Targa Resources Growing Organically
Sep 21Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources declares $0.35 dividend
Jan 20Shareholder Returns
| TRGP | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -4.2% | -6.6% | -3.5% |
| 1Y | 103.9% | 1.7% | 22.1% |
Return vs Industry: TRGP exceeded the US Oil and Gas industry which returned 1.7% over the past year.
Return vs Market: TRGP exceeded the US Market which returned 22.1% over the past year.
Price Volatility
| TRGP volatility | |
|---|---|
| TRGP Average Weekly Movement | 4.5% |
| Oil and Gas Industry Average Movement | 5.3% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TRGP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: TRGP's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 3,182 | Matt Meloy | www.targaresources.com |
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream 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.
Targa Resources Corp. Fundamentals Summary
| TRGP fundamental statistics | |
|---|---|
| Market cap | US$37.62b |
| Earnings (TTM) | US$1.23b |
| Revenue (TTM) | US$16.22b |
31.3x
P/E Ratio2.4x
P/S RatioIs TRGP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRGP income statement (TTM) | |
|---|---|
| Revenue | US$16.22b |
| Cost of Revenue | US$10.68b |
| Gross Profit | US$5.54b |
| Other Expenses | US$4.31b |
| Earnings | US$1.23b |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.65 |
| Gross Margin | 34.14% |
| Net Profit Margin | 7.59% |
| Debt/Equity Ratio | 313.2% |
How did TRGP perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield49%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:04 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Targa Resources Corp. is covered by 40 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.
| Analyst | Institution |
|---|---|
| Ethan Bellamy | Baird |
| Theresa Chen | Barclays |
| Richard Gross | Barclays |