Targa Resources Corp.

NYSE:TRGP Stock Report

Market Cap: US$48.9b

Targa Resources Future Growth

Future criteria checks 1/6

Targa Resources is forecast to grow revenue at 0.05% per annum. EPS is expected to grow by 11.9% per annum.

Key information

n/a

Earnings growth rate

11.95%

EPS growth rate

Oil and Gas earnings growth11.4%
Revenue growth rate0.05%
Future return on equity62.45%
Analyst coverage

Low

Last updated19 Feb 2026

Recent future growth updates

Targa Resources Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 05
Targa Resources Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Recent updates

Targa Resources: Loading The Chamber For Future Growth (Rating Upgrade)

Feb 13

Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With Investors

Feb 12
Targa Resources Corp.'s (NYSE:TRGP) 27% Jump Shows Its Popularity With Investors

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

Aug 03
These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Extensively

Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The Mark

Jul 18
Targa Resources Corp.'s (NYSE:TRGP) P/E Is On The Mark

Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?

May 29
Is Targa Resources Corp. (NYSE:TRGP) Trading At A 44% Discount?

Targa Resources Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 05
Targa Resources Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Targa Resources (NYSE:TRGP) Is Paying Out A Larger Dividend Than Last Year

Apr 14
Targa Resources (NYSE:TRGP) Is Paying Out A Larger Dividend Than Last Year

Here's Why We Think Targa Resources (NYSE:TRGP) Is Well Worth Watching

Apr 06
Here's Why We Think Targa Resources (NYSE:TRGP) Is Well Worth Watching

Targa Resources May Still Interest Growth Investors

Mar 21

Targa Resources: From Commodity Exposure To Fee-Based Stability

Feb 06

Targa Resources: Assuming The Past Never Happens Again

Nov 11

Targa Resources: Large Growth Potential With High Capex Spending

Aug 06

Targa Resources: Improving Ebitda And Possible Upside Potential

May 03

Earnings and Revenue Growth Forecasts

NYSE:TRGP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202517,3781,6156433,740N/A
6/30/202517,0791,5244283,682N/A
3/31/202516,3811,1956403,728N/A
12/31/202416,3821,2706843,650N/A
9/30/202416,2161,2313213,280N/A
6/30/202416,2611,0654243,146N/A
3/31/202416,1021,0953392,918N/A
12/31/202316,0608288263,212N/A
9/30/202316,3768686072,791N/A
6/30/202317,8398448552,844N/A
3/31/202320,4918901,1972,802N/A
12/31/202220,9308971,0472,381N/A
9/30/202221,8172441,3492,347N/A
6/30/202220,9162111,6572,383N/A
3/31/202218,276-1281,7582,371N/A
12/31/202116,950-161,7982,303N/A
9/30/202114,0813191,9782,448N/A
6/30/202111,7371951,7752,309N/A
3/31/20219,8442101,2661,972N/A
12/31/20208,260-1,6857931,745N/A
9/30/20208,161-1,8283201,567N/A
6/30/20207,949-1,944-1661,576N/A
3/31/20208,421-2,034-7411,535N/A
12/31/20198,671-334-1,4881,390N/A
9/30/20198,795-327N/A1,148N/A
6/30/20199,879-302N/A1,153N/A
3/31/201910,328-182N/A1,097N/A
12/31/201810,484-119N/A1,144N/A
9/30/201810,589272N/A1,322N/A
6/30/20189,735129N/A1,019N/A
3/31/20189,15878N/A975N/A
12/31/20178,815-63N/A940N/A
9/30/20178,125-497N/A809N/A
6/30/20177,645-339N/A844N/A
3/31/20177,361-420N/A915N/A
12/31/20166,691-278N/A837N/A
9/30/20166,326-72N/A900N/A
6/30/20166,306-19N/A1,008N/A
3/31/20166,42149N/A1,005N/A
12/31/20156,65958N/A1,035N/A
9/30/20157,04457N/A938N/A
6/30/20157,70075N/A822N/A
3/31/20158,00286N/A714N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TRGP's forecast earnings growth is above the savings rate (3.4%).

Earnings vs Market: Insufficient data to determine if TRGP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if TRGP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TRGP's revenue (0.05% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: TRGP's revenue (0.05% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRGP's Return on Equity is forecast to be very high in 3 years time (62.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/19 18:30
End of Day Share Price 2026/02/19 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 31 analysts. 5 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