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Targa Resources NYSE:TRGP Stock Report

Last Price

US$158.02

Market Cap

US$34.1b

7D

7.6%

1Y

94.4%

Updated

04 Oct, 2024

Data

Company Financials +

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.

TRGP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends3/6

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US$151.26
FV
4.5% overvalued intrinsic discount
8.79%
Revenue growth p.a.
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2 days ago author updated this narrative

Targa Resources Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Targa Resources
Historical stock prices
Current Share PriceUS$158.02
52 Week HighUS$158.12
52 Week LowUS$79.79
Beta2.25
11 Month Change7.39%
3 Month Change19.27%
1 Year Change94.39%
33 Year Change199.79%
5 Year Change300.46%
Change since IPO539.76%

Recent News & Updates

We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt

Aug 30
We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt

Targa Resources: Large Growth Potential With High Capex Spending

Aug 06

Recent updates

We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt

Aug 30
We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt

Targa Resources: Large Growth Potential With High Capex Spending

Aug 06

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

Jul 31
A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price

Jul 16
Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price

If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity

Jun 21
If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity

Targa Resources: Improving Ebitda And Possible Upside Potential

May 03

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

Apr 15
Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75

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

Apr 07
A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

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

Mar 20
Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

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

Targa Resources: Promising Growth Prospects But Almost Full Valuation

Dec 05

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

Oct 22
Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

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

Sep 21
Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources Growing Organically

Sep 21

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

Sep 02
Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

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

Aug 15
Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates

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

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

Jun 18
Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

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

Apr 03
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

Mar 07
Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price

Targa Resources Q4 2022 Earnings Preview

Feb 21

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

Jan 24
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

Jan 20
News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts

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

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

Nov 04

Shareholder Returns

TRGPUS Oil and GasUS Market
7D7.6%7.3%-0.7%
1Y94.4%10.4%32.5%

Return vs Industry: TRGP exceeded the US Oil and Gas industry which returned 10.4% over the past year.

Return vs Market: TRGP exceeded the US Market which returned 32.5% over the past year.

Price Volatility

Is TRGP's price volatile compared to industry and market?
TRGP volatility
TRGP Average Weekly Movement3.5%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.4%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market3.2%

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 (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20053,182Matt Meloywww.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 capUS$34.07b
Earnings (TTM)US$1.06b
Revenue (TTM)US$16.26b

32.5x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRGP income statement (TTM)
RevenueUS$16.26b
Cost of RevenueUS$11.00b
Gross ProfitUS$5.26b
Other ExpensesUS$4.19b
EarningsUS$1.06b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)4.86
Gross Margin32.33%
Net Profit Margin6.55%
Debt/Equity Ratio305.2%

How did TRGP perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

52%

Payout Ratio