Company Profile
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Latest News
Raymond James Adjusts Targa Resources Price Target to $330 From $294, Maintains Strong Buy Rating
Is Targa Resources (TRGP) Undervalued Following Its Board Update And Dividend Declaration?
IBD Live Q&A Summary, Stock Lists For Thursday, July 23, 2026
Will Targa’s New LNG-Focused Director and 2026 Dividend Shape TRGP’s Capital Allocation Narrative?
Morgan Stanley Adjusts Price Target on Targa Resources to $333 From $331, Maintains Overweight Rating
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Website | https://www.targaresources.com |
| Audit Risk | 3 |
| Board Risk | 2 |
| Overall Risk | 6 |
| Market Cap | 60.39B |
| Trailing P/E | 28.74 |
| Forward P/E | 23.51 |
| Dividend Rate | 5 |
| Dividend Yield | 1.78% |
| Trailing Annual Div. Rate | 4.25 |
| Trailing Annual Div. Yield | 1.49% |
| Trailing EPS | 9.79 |
| Forward EPS | 11.96 |
| Book Value | 14.61 |
| Price-to-Book | 19.26 |
| Enterprise-to-Revenue | 4.8 |
| Enterprise-to-EBITDA | 15.25 |
| Short Ratio | 3.05 |
| Ex-Dividend Date | 07/31/2026 |
| Dividend Date | 08/14/2026 |
| Earnings Date | 08/06/2026 |
| Earnings Call Date | 08/06/2026 |
| Earnings Average | 2.74 |
| Earnings Low | 2.43 |
| Earnings High | 2.99 |
| Revenue Average | 5.01B |
| Revenue Low | 4.52B |
| Revenue High | 5.93B |