Targa Resources (TRGP) Stock Insights

TRGP price $306.09 +3.48 +1.15%

Ticker
TRGP
Price
$306.09
Change
+3.48 +1.15%
Market cap ?
$65.64B
P/E ?
28.93
Forward P/E ?
27.01
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 $306.09. 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 median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. 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

Insights

Revenue by product
PeriodValue
FY2012Gathering And Processing: 1364200000.0, Logistics And Transportation: 463400000.0
FY2013Gathering And Processing: 1525000000.0, Logistics And Transportation: 536900000.0
FY2016Gathering And Processing: 445000000.0
FY2017Gathering And Processing: 523300000.0
FY2018Gathering And Processing: 698100000.0
FY2019Gathering And Processing: 722400000.0
FY2020Gathering And Processing: 476000000.0
FY2021Corporate Non Segment And Inter Segment Elimination: -42100000.0, Gathering And Processing: 7425500000.0, Logistics And Transportation: 16159700000.0
FY2022Corporate Non Segment And Inter Segment Elimination: -45800000.0, Gathering And Processing: 11247000000.0, Logistics And Transportation: 19742100000.0
FY2023Corporate Non Segment And Inter Segment Elimination: -48300000.0, Gathering And Processing: 7231500000.0, Logistics And Transportation: 13655800000.0
FY2024Corporate Non Segment And Inter Segment Elimination: -28100000.0, Gathering And Processing: 6808400000.0, Logistics And Transportation: 14030400000.0
FY2025Fees from Midstream Services: 2624800000.0, Sales of Commodities: 14403500000.0
Revenue by region
PeriodValue
FY2021Gathering And Processing: 7425500000.0, Logistics And Transportation: 16159700000.0
FY2022Gathering And Processing: 11247000000.0, Logistics And Transportation: 19742100000.0
FY2023Gathering And Processing: 7231500000.0, Logistics And Transportation: 13655800000.0
FY2024Gathering And Processing: 6808400000.0, Logistics And Transportation: 14030400000.0
FY2025Gathering And Processing: 7416400000.0, Logistics And Transportation: 14564000000.0

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Targa Resources (TRGP) Stock Insights

TRGP$306.09+3.48 +1.15%

$65.64B

Market Cap

28.93

P/E

27.01

Forward P/E

41

Score

Price History