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TRGP

Targa Resources Corp.

TRGP

NYSE·Energy·Oil & Gas Midstream·Mkt cap $55.3B

$258.88

+0.41%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$144.14 - $280.00

P/E

26.36

Fwd P/E

26.68

Beta

0.71

Div Yield

1.65%

Avg Vol

1.3M

Shares Out

214.6M

Mkt Cap

$55.3B

Price action

Price chart

Up 48.4% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive North American midstream infrastructure
  • Strategically located energy processing and transportation assets
  • Diversified energy service portfolio
  • Strong operational expertise in complex energy logistics

Bear Case

2 risks

  • Low volatility (beta 0.7).
  • Significant premium - growth priced in

Growth

Strong growth ahead

Increasing domestic natural gas production

Value

Significant premium - growth priced in

Momentum

Strong

+5.5% over 3m

Quality

Stable

Excellent business quality

Dividend

Modest

1.65% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $2.21 vs $2.48 consensus (-10.9% surprise). Revenue of $4.1B vs $4.7B expected (-12.4%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-10.9%

Next: Apr 29, 2026

Revenue trend · last 8Q

+4%

+6%

+11%

+8%

-8%

-16%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$3.6B

$3.9B

$4.4B

$4.9B

$4.0B

$4.2B

$4.1B

$4.1B

Margins · last 8Q

Gross

31.1%

Operating

20.7%

Profit

11.7%

Wall Street consensus

14 analysts · 86% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

12

86%

Hold

2

14%

Sell

0%

Median Price Target

$269.00

+3.9% vs $258.88

Low $249.00
Median $269.00
High $331.00

Latest: Barclays · Jun 23, 2026

9 analysts covering

vs Industry

How TRGP stacks vs Oil & Gas Midstream

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.