Targa Resources (TRGP) Financials: Revenue & Earnings

TRGP price $306.89 +4.28 +1.41%

Ticker
TRGP
Price
$306.89
Change
+4.28 +1.41%
Market cap ?
$65.81B
P/E ?
28.93
Forward P/E ?
27.08
Dividend yield ?
1.48%
Beta ?
0.72
Sector
Energy
Industry
Oil & Gas Midstream
Stocklytics score
41
Value
23
Quality
46
Growth
55

Stocklytics score rationale: value 23, quality 46, growth 55.

Financials

2016201720182019202020212022202320242025
6645000000886460000010554900000867110000082725000001744040000021684500000156192000001662690000017136200000

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a…

Fair value

TRGP fair value $300.76. Price $306.89. Price is about fair value.

Above fair value, and more expensive than usual. A larger premium than on 74% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.40B. Growth 14.10%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 214.43M. Net debt 17.38B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Free cash flow adds back growth capex above depreciation.

Compare TRGP

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—2.74—4.77B
2026-08-063.542.834.44B4.90B
2026-05-072.212.484.09B4.68B
2026-02-192.512.304.06B4.73B
2025-11-052.202.114.20B4.56B
2025-08-072.871.864.03B4.89B
2025-05-010.911.984.56B4.90B
2025-02-201.441.924.41B4.48B
2024-11-051.751.563.85B4.06B
2024-08-011.331.273.62B4.47B
2024-05-021.221.304.60B4.30B
2024-02-151.261.464.23B3.85B
2023-11-020.971.203.90B4.57B
2023-08-031.441.243.40B4.36B
2023-05-040.031.404.52B5.30B
2023-02-221.381.2920.93B5.73B
2022-11-030.841.235.36B6.71B
2022-08-041.611.066.06B5.75B
2022-05-050.060.894.96B4.94B
2022-02-240.510.655.44B4.48B
2021-11-040.660.534.46B3.50B
2021-08-050.150.273.42B2.96B
2021-05-060.530.173.63B2.41B
2021-02-18-0.040.252.57B5.79B
2020-11-050.160.102.12B1.32B
2020-08-060.21-0.241.52B943.12M
2020-05-070.68-0.102.05B18.87M
2020-02-200.14-0.072.47B279.31M
2019-11-07-0.34-0.221.90B1.18B
2019-08-08-0.18-0.332.00B3.21B
2019-05-08-0.30-0.142.30B766.47M
2019-03-010.130.012.60B43.29M
2018-11-08-0.240.072.99B746.60M
2018-08-090.35-0.052.44B209.52M
2018-05-03-0.03-0.012.46B818.53M
2018-02-15-0.07-0.002.70B337.85M
2017-11-03-0.15-0.102.13B257.69M
2017-08-030.14-0.141.87B1.87B
2017-05-04-0.77-0.012.11B27.44M
2017-02-170.030.062.01B102.33M

Dividends

Yield 1.47%. Payout ratio 40.68%. Frequency Quarterly.

Safety score 79/100 · Safe. Payout ratio is 41% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 16 separate years. Yield is 1.5%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-10-30$1.252026-10-302026-11-17Quarterly
2026-07-31$1.252026-07-312026-08-14Quarterly
2026-04-30$1.252026-04-302026-05-15Quarterly
2026-01-30$1.002026-01-302026-02-13Quarterly
2025-10-31$1.002025-10-312025-11-17Quarterly
2025-07-31$1.002025-07-312025-08-15Quarterly
2025-04-30$1.002025-04-302025-05-15Quarterly
2025-01-31$0.752025-01-312025-02-14Quarterly
2024-10-31$0.752024-10-312024-11-15Quarterly
2024-07-31$0.752024-07-312024-08-15Quarterly
2024-04-29$0.752024-04-302024-05-15Quarterly
2024-01-30$0.502024-01-312024-02-15Quarterly
2023-10-30$0.502023-10-312023-11-15Quarterly
2023-07-28$0.502023-07-312023-08-15Quarterly
2023-04-27$0.502023-04-282023-05-15Quarterly
2023-01-30$0.352023-01-312023-02-15Quarterly
2022-10-28$0.352022-10-312022-11-15Quarterly
2022-07-28$0.352022-07-292022-08-15Quarterly
2022-04-28$0.352022-04-292022-05-16Quarterly
2022-01-28$0.352022-01-312022-02-15Quarterly
2021-10-28$0.102021-10-292021-11-15Quarterly
2021-07-29$0.102021-07-302021-08-16Quarterly
2021-04-29$0.102021-04-302021-05-14Quarterly
2021-01-29$0.102021-02-012021-02-16Quarterly
2020-10-29$0.102020-10-302020-11-16Quarterly
2020-07-30$0.102020-07-312020-08-17Quarterly
2020-04-30$0.102020-05-012020-05-15Quarterly
2020-01-30$0.912020-01-312020-02-18Quarterly
2019-10-31$0.912019-11-012019-11-15Quarterly
2019-07-30$0.912019-07-312019-08-15Quarterly
2019-04-30$0.912019-05-012019-05-15Quarterly
2019-01-30$0.912019-01-312019-02-15Quarterly
2018-10-30$0.912018-10-312018-11-15Quarterly
2018-07-31$0.912018-08-012018-08-15Quarterly
2018-04-30$0.912018-05-012018-05-15Quarterly
2018-01-31$0.912018-02-012018-02-15Quarterly
2017-10-31$0.912017-11-012017-11-15Quarterly
2017-07-28$0.912017-08-012017-08-15Quarterly
2017-04-28$0.912017-05-022017-05-16Quarterly
2017-01-30$0.912017-02-012017-02-15Quarterly
2016-10-31$0.912016-11-022016-11-15Quarterly
2016-07-29$0.912016-08-022016-08-15Quarterly
2016-04-29$0.912016-05-032016-05-16Quarterly
2016-01-29$0.912016-02-022016-02-09Quarterly
2015-10-29$0.912015-11-022015-11-16Quarterly
2015-07-30$0.882015-08-032015-08-17Quarterly
2015-04-30$0.832015-05-042015-05-18Quarterly
2015-01-29$0.782015-02-022015-02-17Quarterly
2014-10-30$0.732014-11-032014-11-17Quarterly
2014-07-24$0.692014-07-282014-08-15Quarterly
2014-04-24$0.652014-04-282014-05-16Quarterly
2014-01-23$0.612014-01-272014-02-18Quarterly
2013-10-29$0.572013-10-312013-11-15Quarterly
2013-07-25$0.532013-07-292013-08-15Quarterly
2013-04-25$0.492013-04-292013-05-16Quarterly
2013-01-24$0.462013-01-282013-02-15Quarterly
2012-10-18$0.422012-10-222012-11-15Quarterly
2012-07-19$0.392012-07-232012-08-15Quarterly
2012-04-19$0.362012-04-232012-05-16Quarterly
2012-01-19$0.342012-01-232012-02-15Quarterly
2011-10-19$0.312011-10-212011-11-15Quarterly
2011-07-19$0.292011-07-212011-08-16Quarterly
2011-04-19$0.272011-04-212011-05-17Quarterly
2011-02-01$0.062011-02-032011-02-21Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-09-03Perkins Joe BobSell8.37K——
2026-09-01Secrest Brent B.Buy10.00K——
2026-09-01Secrest Brent B.Other0——
2026-09-01Chung Paul WSell1.00K$295.38295.38K
2026-09-01Chung Paul WSell816$297.00242.35K
2026-08-25CRISP CHARLES RSell1.20K——
2026-08-25CRISP CHARLES RSell3.00K$290.23870.69K
2026-08-21Davis Waters S IVSell440$296.39130.41K
2026-08-21Davis Waters S IVSell692$297.38205.79K
2026-08-21Davis Waters S IVSell254$298.6875.86K
2026-08-21Davis Waters S IVSell154$300.1846.23K
2026-08-21Davis Waters S IVSell270$302.4781.67K
2026-08-21Davis Waters S IVSell590$303.81179.25K
2026-08-20Chung Paul WSell1.00K——
2026-08-18Muraro RobertBuy20.00K——
2026-08-01Branstetter Benjamin JamesSell1.35K$270.37363.92K
2026-08-01Eklof John ChristopherSell578$270.37156.27K
2026-08-01Shrader Gerald RSell1.72K$270.37464.50K
2026-07-21Mathiasmeier Thomas JosephBuy477——
2026-07-16Mathiasmeier Thomas JosephOther0——
2026-05-14MELOY MATTHEW JSell15.00K——
2026-05-12CRISP CHARLES RSell10.60K$255.962.71M
2026-05-12Chung Paul WSell6.00K——
2026-03-05Muraro RobertSell24.59K$241.345.93M
2026-03-02McDonie Patrick J.Sell30.42K$239.337.28M
2026-03-02McDonie Patrick J.Sell1.12K$240.25268.12K
2026-03-02Branstetter Benjamin JamesSell3.16K$238.83754.23K
2026-03-02Branstetter Benjamin JamesSell100$238.9923.90K
2026-03-01Branstetter Benjamin JamesSell3.54K$235.80835.20K
2026-03-01Branstetter Benjamin JamesOther0——
2026-02-26Cooksen LindseySell435$231.72100.80K
2026-02-26Pryor D. ScottBuy12.10K——
2026-02-26Pryor D. ScottSell2.50K——
2026-02-26Pryor D. ScottSell12.10K——
2026-02-25Pryor D. ScottSell2.80K$227.28635.92K
2026-02-25Pryor D. ScottSell3.87K$228.34883.69K
2026-02-25Pryor D. ScottSell9.13K$229.442.10M
2026-02-25Pryor D. ScottSell1.70K$230.10390.71K
2026-02-24JOYCE RENE RSell4.00K——
2026-02-24Kneale Jennifer R.Sell27.98K$230.106.44M
2026-02-24Kneale Jennifer R.Sell1.52K$230.43351.40K
2026-02-24MELOY MATTHEW JSell40.00K——
2026-02-24CRISP CHARLES RSell1.50K——
2026-02-24CRISP CHARLES RSell1.36K$229.30311.62K
2026-01-19McDonie Patrick J.Buy33.97K——
2026-01-19McDonie Patrick J.Sell14.13K$185.352.62M
2026-01-19McDonie Patrick J.Sell5.96K$185.351.10M
2026-01-19Pryor D. ScottBuy33.97K——
2026-01-19Pryor D. ScottSell12.60K$185.352.34M
2026-01-19Pryor D. ScottSell5.35K$185.35991.07K
2026-01-19MELOY MATTHEW JBuy133.91K——
2026-01-19MELOY MATTHEW JSell51.92K$185.359.62M
2026-01-19MELOY MATTHEW JSell21.08K$185.353.91M
2026-01-19Kneale Jennifer R.Buy48.56K——
2026-01-19Kneale Jennifer R.Sell18.34K$185.353.40M
2026-01-19Kneale Jennifer R.Sell7.64K$185.351.42M
2026-01-19Muraro RobertBuy33.97K——
2026-01-19Muraro RobertSell13.41K$185.352.49M
2026-01-19Muraro RobertSell5.35K$185.35991.07K
2026-01-15Byers William A.Buy7.24K——
2026-01-15McDonie Patrick J.Buy9.08K——
2026-01-15MELOY MATTHEW JBuy32.83K——
2026-01-15Kneale Jennifer R.Buy14.93K——
2026-01-15Muraro RobertBuy9.08K——
2026-01-15Cooksen LindseyBuy1.03K——
2026-01-15Davis Waters S IVBuy1.03K——
2026-01-15CRISP CHARLES RBuy1.03K——
2026-01-15Bowman Beth A.Buy1.03K——
2026-01-15Chung Paul WBuy1.56K——
2026-01-15Shrader Gerald RBuy6.68K——
2026-01-15Perkins Joe BobBuy1.03K——
2026-01-15Teague R KeithBuy1.03K——
2026-01-15Lawhorn Caron ABuy1.03K——
2026-01-15JOYCE RENE RBuy1.03K——
2026-01-15Fulton Laura C.Buy1.03K——
2026-01-15Eklof John ChristopherBuy1.57K——
2025-12-05Shrader Gerald RSell2.75K$181.21498.33K
2025-12-05Shrader Gerald RSell1.15K——
2025-11-14Pryor D. ScottSell20.00K$172.213.44M
2025-11-14Pryor D. ScottSell2.14K——
2025-11-12CRISP CHARLES RSell2.00K——
2025-11-11MELOY MATTHEW JSell12.13K——
2025-08-15Pryor D. ScottSell20.00K$165.353.31M
2025-08-15MELOY MATTHEW JSell24.94K——
2025-08-01Eklof John ChristopherSell1.17K$162.92191.11K
2025-08-01Shrader Gerald RSell2.01K$162.92328.12K
2025-05-22MELOY MATTHEW JSell15.00K——
2025-05-08Pryor D. ScottSell10.20K$161.281.65M
2025-05-08Pryor D. ScottSell9.80K$162.021.59M
2025-04-01Eklof John ChristopherSell991$203.07201.24K
2025-03-01Eklof John ChristopherOther0——
2025-02-28Cooksen LindseySell1.01K$198.00199.98K
2025-02-28Cooksen LindseySell40$201.568.06K
2025-02-28Chung Paul WSell2.24K$202.18452.07K
2025-02-28Chung Paul WSell3.99K$203.33810.46K
2025-02-27Pryor D. ScottSell35.00K$197.306.91M
2025-02-27Davis Waters S IVSell964——
2025-02-26JOYCE RENE RSell2.20K——
2025-02-25Pryor D. ScottBuy34.16K——
2025-02-25Pryor D. ScottSell34.16K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.13K, holders +62 vs prior quarter. Ownership 95.97%.

HolderSharesChangeChange %Value
BLACKROCK, INC.20.83M291.11K+1.42%5.59B
STATE STREET CORP14.23M626.88K+4.61%3.81B
WELLINGTON MANAGEMENT GROUP LLP14.18M-867.07K-5.76%3.80B
VANGUARD CAPITAL MANAGEMENT LLC14.02M65.21K+0.47%3.76B
VANGUARD PORTFOLIO MANAGEMENT LLC11.70M-153.81K-1.30%3.14B
HARRIS ASSOCIATES L P7.94M-785.67K-9.01%2.13B
GEODE CAPITAL MANAGEMENT, LLC6.08M75.16K+1.25%1.63B
NORGES BANK4.22M4.22MNew1.13B
BLACKSTONE INC.3.60M259.58K+7.77%965.82M
MORGAN STANLEY3.56M341.27K+10.60%954.42M
TORTOISE CAPITAL ADVISORS, L.L.C.3.53M-17.27K-0.49%946.40M
INVESCO LTD.3.40M360.92K+11.89%910.56M
FMR LLC3.34M665.28K+24.83%896.76M
GOLDMAN SACHS GROUP INC3.10M-27.25K-0.87%830.99M
DEUTSCHE BANK AG\3.03M539.58K+21.71%811.19M
BANK OF AMERICA CORP /DE/2.74M-411.46K-13.05%734.85M
PRICE T ROWE ASSOCIATES INC /MD/2.71M127.99K+4.96%726.59M
NEUBERGER BERMAN GROUP LLC2.69M-16.75K-0.62%722.20M
NORTHERN TRUST CORP2.34M-129.31K-5.23%627.94M
DIMENSIONAL FUND ADVISORS LP2.29M54.22K+2.42%614.08M
D. E. SHAW & CO., INC.2.28M-148.22K-6.10%611.31M
AMUNDI2.22M215.91K+10.76%595.82M
UBS GROUP AG1.84M-10.22K-0.55%494.10M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.82M115.76K+6.79%488.08M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.1.82M1.82MNew488.08M

Earnings and financials

Targa Resources Corp. (TRGP) trades at $306.89, with a market cap of $65.81B and a trailing P/E of 28.93. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
6645000000886460000010554900000867110000082725000001744040000021684500000156192000001662690000017136200000

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Targa Resources (TRGP) Financials: Revenue & Earnings

TRGP$306.89+4.28 +1.41%

$65.81B

Market Cap

28.93

P/E

27.08

Forward P/E

41

Score

Price History