Targa Resources (NYSE:TRGP) - Stock Price, News & Analysis

TRGP Stock Overview

TRGP fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	3/6
Financial Health	2/6
Dividends	4/6

Rewards

Earnings are forecast to grow 17.8% per year

Risk Analysis

Unstable dividend track record

Has a high level of debt

Significant insider selling over the past 3 months

Targa Resources Corp. Competitors

Cheniere Energy Partners

NYSE:CQP

US$23.2b

ONEOK

NYSE:OKE

US$46.9b

Kinder Morgan

NYSE:KMI

US$41.6b

MPLX

NYSE:MPLX

US$41.9b

Price History & Performance

Summary of all time highs, changes and price drops for Targa Resources
Historical stock prices
Current Share Price	US$116.01
52 Week High	US$117.61
52 Week Low	US$67.36
Beta	2.22
1 Month Change	3.94%
3 Month Change	34.91%
1 Year Change	55.97%
3 Year Change	235.97%
5 Year Change	190.97%
Change since IPO	369.68%

Recent updates

Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75

Apr 15

A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Apr 07

Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

Mar 20

Targa: 2024 Shaping Up To Be A Good Year

Mar 06

A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Dec 26

Targa Resources: Promising Growth Prospects But Almost Full Valuation

Dec 05

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Oct 22

Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Sep 21

Targa Resources Growing Organically

Sep 21

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Sep 02

Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates

Aug 15

Targa Resources Corp: At A Premium That Mutes A Buy Case

Jul 30

Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet

Jul 10

Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Jun 18

These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well

Apr 03

Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price

Mar 07

Targa Resources Q4 2022 Earnings Preview

Feb 21

Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35

Jan 24

News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts

Jan 20

Targa Resources declares $0.35 dividend

Jan 20

Targa Resources prices $1.75B notes offering to buy remaining stake in Grand Prix NGL Pipeline

Jan 03

Is Targa Resources (NYSE:TRGP) Using Too Much Debt?

Dec 22

Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering

Nov 04

Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Nov 02

Targa Resources declares $0.35 dividend

Oct 13

Targa Resources moves to S&P 500; Payoneer jumps on SmallCap 600 addition

Oct 06

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Sep 22

Targa Resources: Impressive Q2 Earnings Plus Growth Prospects

Aug 26

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Aug 26

Targa Resources Q2 2022 Earnings Preview

Aug 03

Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?

Aug 01

Targa Resources declares $0.35 dividend

Jul 14

Updating Our Targa Resources Valuation After Its Lucid Energy Acquisition

Jun 30

Targa Resources: Back In The Buy Zone

Jun 21

Shareholder Returns

	TRGP	US Oil and Gas	US Market
7D	3.4%	2.3%	1.2%
1Y	56.0%	16.0%	24.7%

Return vs Industry: TRGP exceeded the US Oil and Gas industry which returned 12.8% over the past year.

Return vs Market: TRGP exceeded the US Market which returned 19.3% over the past year.

Price Volatility

Is TRGP's price volatile compared to industry and market?
TRGP volatility
TRGP Average Weekly Movement	2.9%
Oil and Gas Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: TRGP's share price has been volatile over the past 3 months.

Volatility Over Time: TRGP's weekly volatility (3%) 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

How do Targa Resources's earnings and revenue compare to its market cap?
TRGP fundamental statistics
Market cap	US$25.82b
Earnings (TTM)	US$828.20m
Revenue (TTM)	US$16.06b

31.2x

P/E Ratio

1.6x

P/S Ratio

Is TRGP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRGP income statement (TTM)
Revenue	US$16.06b
Cost of Revenue	US$10.68b
Gross Profit	US$5.38b
Other Expenses	US$4.56b
Earnings	US$828.20m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 02, 2024

Earnings per share (EPS)	3.72
Gross Margin	33.52%
Net Profit Margin	5.16%
Debt/Equity Ratio	274.7%

How did TRGP perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

54%

Payout Ratio

Does TRGP pay a reliable dividends?

See TRGP dividend history and benchmarks

When do you need to buy TRGP by to receive an upcoming dividend?
Targa Resources dividend dates
Ex Dividend Date	Apr 29 2024
Dividend Pay Date	May 15 2024
Days until Ex dividend	4 days
Days until Dividend pay date	20 days

Does TRGP pay a reliable dividends?

See TRGP dividend history and benchmarks

TRGP Stock Overview

Rewards

Risk Analysis

Targa Resources Corp. Competitors

NYSE:CQP

US$23.2b

NYSE:OKE

US$46.9b

NYSE:KMI

US$41.6b

NYSE:MPLX

US$41.9b

Price History & Performance

Recent News & Updates

Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75

Fourth quarter dividend increased to US$0.75

Targa Resources Corp. to Report Q1, 2024 Results on May 02, 2024

A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources Corp., Annual General Meeting, May 16, 2024

Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

Recent updates

Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75

Fourth quarter dividend increased to US$0.75

Targa Resources Corp. to Report Q1, 2024 Results on May 02, 2024

A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources Corp., Annual General Meeting, May 16, 2024

Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

Insufficient new directors

Targa Resources Corp. Appoints Caron A. Lawhorn as Class III Director and Member of Audit Committee

President of Logistics & Transportation recently sold US$970k worth of stock

Targa: 2024 Shaping Up To Be A Good Year

Targa Resources Corp. Announces Board Changes

Chief Financial Officer recently sold US$2.5m worth of stock

Chief Financial Officer notifies of intention to sell stock

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Upcoming dividend of US$0.50 per share at 2.4% yield

Targa Resources Corp. to Report Q4, 2023 Results on Feb 15, 2024

A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources: Promising Growth Prospects But Almost Full Valuation

Consensus revenue estimates fall by 11%

Targa Resources Corp. Provides Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.98 (vs US$0.85 in 3Q 2022)

Upcoming dividend of US$0.50 per share at 2.3% yield

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Targa Resources Corp. to Report Q3, 2023 Results on Nov 02, 2023

Now 21% undervalued

Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources Growing Organically

Chief Commercial Officer notifies of intention to sell stock

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates

Consensus revenue estimates decrease by 11%

Chairman of the Board recently sold US$1.5m worth of stock

Chairman of the Board notifies of intention to sell stock

Second quarter 2023 earnings released: EPS: US$1.46 (vs US$1.64 in 2Q 2022)

Targa Resources Corp: At A Premium That Mutes A Buy Case

Upcoming dividend of US$0.50 per share at 2.5% yield

Targa Resources Corp. to Report Q2, 2023 Results on Aug 03, 2023

Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet

Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Consensus EPS estimates fall by 13%

Consensus revenue estimates decrease by 12%, EPS upgraded

Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter 2023 earnings released: EPS: US$0.028 (vs US$0.057 in 1Q 2022)

Upcoming dividend of US$0.50 per share at 1.8% yield

These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well

Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price

Consensus EPS estimates increase by 17%, revenue downgraded

Executive VP recently sold US$2.4m worth of stock

Chairman of the Board notifies of intention to sell stock

Full year 2022 earnings released: EPS: US$3.96 (vs US$0.07 loss in FY 2021)

Targa Resources Q4 2022 Earnings Preview

Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35

News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts

Targa Resources Corp. to Report Q4, 2022 Results on Feb 22, 2023

Targa Resources declares $0.35 dividend

Now 21% undervalued

Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX).

Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion.