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Targa ResourcesNYSE:TRGP Stock Report

Market Cap US$45.9b
Share Price
n/a
1Y108.1%
7D0.1%
Portfolio Value
​
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Targa Resources Corp.

NYSE:TRGP Stock Report

Market Cap: US$45.9b

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

TRGP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 7.4% below our estimate of its fair value

Earnings are forecast to grow 15.7% per year

Earnings grew by 54.4% over the past year

Risk Analysis

Dividend of 1.47% is not well covered by free cash flows

Has a high level of debt


Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 22 Analysts

Expansion Projects In Galena Park And The Permian Will Improve Future Market Competitiveness

Key Takeaways Expansion projects in key basins and LPG exports boost revenue, operating efficiencies, and market competitiveness. Strategic infrastructure investments foresee higher NGL supply handling, cash flow, and shareholder returns through increased dividends and share repurchases.
View narrative
US$202.62
FV
1.0% overvalued intrinsic discount
6.10%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
22 days ago author updated this narrative

My Notes

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Targa Resources Corp. Competitors

Cheniere Energy

NYSE:LNG

US$49.1b

Kinder Morgan

NYSE:KMI

US$59.7b

MPLX

NYSE:MPLX

US$54.6b

ONEOK

NYSE:OKE

US$58.0b

Price History & Performance

Summary of share price highs, lows and changes for Targa Resources
Historical stock prices
Current Share PriceUS$204.70
52 Week HighUS$218.51
52 Week LowUS$95.88
Beta2.29
1 Month Change-5.76%
3 Month Change-1.26%
1 Year Change108.11%
3 Year Change229.63%
5 Year Change534.34%
Change since IPO728.74%

Recent News & Updates

Why Investors Shouldn't Be Surprised By Targa Resources Corp.'s (NYSE:TRGP) P/E

Feb 06
Why Investors Shouldn't Be Surprised By Targa Resources Corp.'s (NYSE:TRGP) P/E

Targa Resources: From Commodity Exposure To Fee-Based Stability

Feb 06

Recent updates

Why Investors Shouldn't Be Surprised By Targa Resources Corp.'s (NYSE:TRGP) P/E

Feb 06
Why Investors Shouldn't Be Surprised By Targa Resources Corp.'s (NYSE:TRGP) P/E

Targa Resources: From Commodity Exposure To Fee-Based Stability

Feb 06

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

Dec 22
We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt

Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate

Nov 21
Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate

Targa Resources: Assuming The Past Never Happens Again

Nov 11

Should You Be Adding Targa Resources (NYSE:TRGP) To Your Watchlist Today?

Nov 03
Should You Be Adding Targa Resources (NYSE:TRGP) To Your Watchlist Today?

What You Can Learn From Targa Resources Corp.'s (NYSE:TRGP) P/E

Oct 16
What You Can Learn From Targa Resources Corp.'s (NYSE:TRGP) P/E

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

Targa Resources: Promising Growth Prospects But Almost Full Valuation

Dec 05

Targa Resources Growing Organically

Sep 21

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

Jul 30

Shareholder Returns

TRGPUS Oil and GasUS Market
7D0.1%2.9%-0.4%
1Y108.1%10.3%20.8%

Return vs Industry: TRGP exceeded the US Oil and Gas industry which returned 10.8% over the past year.

Return vs Market: TRGP exceeded the US Market which returned 23.7% over the past year.

Price Volatility

Is TRGP's price volatile compared to industry and market?
TRGP volatility
TRGP Average Weekly Movement4.6%
Oil and Gas Industry Average Movement5.5%
Market Average Movement6.0%
10% most volatile stocks in US Market18.0%
10% least volatile stocks in US Market3.1%

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

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$45.86b
Earnings (TTM)US$1.28b
Revenue (TTM)US$16.38b

34.9x

P/E Ratio

2.7x

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)
RevenueUS$16.38b
Cost of RevenueUS$10.70b
Gross ProfitUS$5.68b
Other ExpensesUS$4.40b
EarningsUS$1.28b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)5.87
Gross Margin34.66%
Net Profit Margin7.81%
Debt/Equity Ratio313.2%

How did TRGP perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

49%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 06:02
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Targa Resources Corp. is covered by 38 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ethan BellamyBaird
Richard GrossBarclays
Theresa ChenBarclays