Targa Resources Corp.
TRGP | NYSE
$300.67
-$14.32 (-4.55%)
Nov 2, 2026, 12:14 PM ET · Market open
Market Data
Market Cap $64.47B
Enterprise Value $87.55B
Beta 0.72
Average Volume 1.2M
Shares Outstanding (Diluted) 215M
Shares Change YoY -1.06%
Institutional Ownership 95.97%
Exchange NYSE
ISIN US87612G1013
Price Performance
Price Change 1M 6.7%
Price Change 3M 13.6%
Price Change 6M 16.1%
Price Change YTD 63.0%
Price Change 1Y 92.6%
Price Change 3Y 241.2%
Price Change 5Y 446.9%
1M CAGR (ann.) 8.2%
1Y CAGR (ann.) 113.4%
5Y CAGR (ann.) 44.3%
All-Time CAGR 26.3%
Valuation
PE Ratio 30.00
Forward PE 25.15
PEG Ratio 0.60
Forward PEG 0.91
PS Ratio 4.02
Forward PS 2.80
PB Ratio 18.47
P/FCF Ratio 91.16
P/Adj. FCF Ratio 101.58
P/OCF Ratio 15.80
EV/Sales 5.21
EV/EBIT 27.80
EV/EBITDA 18.23
EV/FCF 118.16
Earnings Yield 3.3%
FCF Yield 1.1%
Adj. FCF Yield 1.0%
Financial Health
Net Debt $19.32B
Total Debt $20.14B
Cash & Short-Term Investments $132.3M
Total Assets $28.52B
Current Ratio 0.77
Quick Ratio 0.68
Debt / Equity Ratio 5.51
Debt / EBITDA 4.19
Debt / FCF 27.18
OCF / Debt 0.21
Interest Coverage 5.76
Altman Z-Score 2.71
Piotroski F-Score 8
Margins & Profitability
Gross Profit Margin 36.6%
Operating Profit Margin 23.1%
EBITDA Margin 28.6%
Net Profit Margin 13.5%
FCF Margin 4.4%
Adj. FCF Margin 4.0%
SBC / Revenue 0.5%
SBC Impact (per share) -10.3%
Returns
Return on Assets 7.9%
Return on Equity 72.1%
Return on Invested Capital 14.1%
Return on Capital Employed 15.5%
Return on Tangible Assets 8.6%
Historical Growth (CAGR)
Revenue CAGR 3Y -1.2%
Revenue CAGR 5Y 6.6%
Revenue CAGR 10Y 10.3%
EPS CAGR 3Y 41.5%
EPS CAGR 5Y 69.1%
EPS CAGR 10Y 34.3%
FCF CAGR 3Y -4.7%
FCF CAGR 5Y -16.0%
FCF CAGR 10Y 8.8%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 16
EPS Growth Next 3Y 17.4%
Revenue Growth Next 3Y 24.3%
Earnings Date Nov 5, 2026
EPS Estimate (next Q) $2.74
EPS Growth Est (next Q) 24.6%
Revenue Est (next Q) $4.77B
Revenue Growth Est (next Q) 13.5%
Fair Value Estimates
Graham Number $64.57
Graham Upside -79.5%
Lynch Fair Value $262.50
Lynch Upside -16.7%
Price Target $328.79
Price Target Upside 4.4%
Cash Flow
Operating Cash Flow $4.29B
Free Cash Flow $740.9M
Adj. Free Cash Flow $664.9M
FCF Per Share $3.45
OCF Per Share $19.93
OCF/S Ratio 25.5%
Income Statement
Revenue $16.79B
Gross Profit $6.14B
Operating Income $3.88B
EBITDA $4.8B
Net Income $2.26B
EPS (Diluted) $10.50
Revenue / Employee $4.7M
Profit / Employee $634.37K
Employees 3,570
Dividends
Annual Dividend $4.75
Dividend Yield 1.51%
Payout Ratio 45.2%
FCF Payout Ratio 124.3%
Adj. FCF Payout Ratio 138.6%
Dividend Growth (YoY) 26.7%
Pay Frequency Quarterly
Ex-Dividend Date Oct 30, 2026
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