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Targa Resources Corp. (TRGP) is a energy company in the oil & gas midstream industry with $16.74B in trailing revenue trading at a 26.6× trailing P/E — analyst consensus: strong buy.
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.
Key Statistics
Market Cap
$59.58B
Revenue (TTM)
$16.74B
EPS (TTM)
$10.45
EPS (Fwd est.)
$12.08
Employees
3,570
Trailing P/E
26.59
Forward P/E
23.00
PEG Ratio
1.25
Price / Sales
3.56
Price / Book
16.29
EV / EBITDA
14.40
Beta (5Y)
0.72
Analyst Consensus
Consensus
Strong Buy
Analyst Price Target
+17.0% upside
Target: $325.14
Annual Revenue & Net Income
RevenueNet Income
'22
$20.93B
$1.20B
'23
$16.06B
$1.35B
'24
$16.38B
$1.31B
'25
$17.03B
$1.92B
Earnings History
Quarter
Actual EPS
Estimate
Result
Aug 2026
$3.25
$2.84
Beat (+14.2%)
May 2026
$2.76
$2.57
Beat (+7.4%)
Feb 2026
$2.69
$2.40
Beat (+12.1%)
Nov 2025
$2.41
$2.18
Beat (+10.4%)
Next Earnings Report
Targa Resources Corp. is next expected to report earnings on 05 Nov 2026.
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, tre…
What is TRGP's market cap?
Targa Resources Corp. has a market capitalization of approximately $59.58B.
What is TRGP's P/E ratio?
Targa Resources Corp. trades at a trailing P/E ratio of 26.6x and a forward P/E of 23.0x, which is above the broad market average of ~25x.
How much revenue does TRGP generate?
Targa Resources Corp. generated $16.74B in trailing 12-month revenue.
What do analysts say about TRGP?
The analyst consensus rating for Targa Resources Corp. is strong buy, with a mean price target of $325.14. That implies +17.0% upside from the current price.
When does TRGP report earnings?
Targa Resources Corp. is next scheduled to report earnings on 05 Nov 2026.
Does TRGP pay a dividend?
Yes. Targa Resources Corp. pays a dividend with a current yield of 1.80%, at an annual rate of $5.00 per share.
View live charts, options flow, gamma exposure, earnings history, and technical analysis for Targa Resources Corp. on Apsis Markets.
