Targa Resources/$TRGP
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About Targa Resources
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Ticker
$TRGP
Sector
Primary listing
NYSE
Industry
Oil, Gas and Consumable Fuels
Headquarters
Employees
3,370
ISIN
US87612G1013
Website
Targa Resources Metrics
BasicAdvanced
$37B
31.53
$5.43
1.22
$3.25
2.34%
Price and volume
Market cap
$37B
Beta
1.22
52-week high
$218.51
52-week low
$122.56
Average daily volume
1.7M
Dividend rate
$3.25
Financial strength
Current ratio
0.649
Quick ratio
0.486
Long term debt to equity
604.357
Total debt to equity
630.027
Dividend payout ratio (TTM)
50.95%
Interest coverage (TTM)
3.53%
Profitability
EBITDA (TTM)
4,060
Gross margin (TTM)
34.42%
Net profit margin (TTM)
7.98%
Operating margin (TTM)
15.87%
Effective tax rate (TTM)
19.95%
Revenue per employee (TTM)
$4,860,000
Management effectiveness
Return on assets (TTM)
7.44%
Return on equity (TTM)
41.98%
Valuation
Price to earnings (TTM)
31.533
Price to revenue (TTM)
2.287
Price to book
15.18
Price to tangible book (TTM)
66.97
Price to free cash flow (TTM)
58.591
Free cash flow yield (TTM)
1.71%
Free cash flow per share (TTM)
292.04%
Dividend yield (TTM)
1.90%
Forward dividend yield
2.34%
Growth
Revenue change (TTM)
1.73%
Earnings per share change (TTM)
11.49%
3-year revenue growth (CAGR)
-3.58%
10-year revenue growth (CAGR)
7.43%
3-year earnings per share growth (CAGR)
102.92%
10-year earnings per share growth (CAGR)
10.54%
3-year dividend per share growth (CAGR)
53.42%
10-year dividend per share growth (CAGR)
0.71%
What the Analysts think about Targa Resources
Analyst ratings (Buy, Hold, Sell) for Targa Resources stock.
Bulls say / Bears say
Targa Resources reported a record adjusted EBITDA of $4.142 billion for 2024, marking a 17% increase from the previous year, indicating strong operational performance. (gurufocus.com)
The company completed significant infrastructure projects, including the Greenwood II plant and Train 10 fractionator, enhancing its processing and fractionation capabilities. (gurufocus.com)
Targa announced plans for further expansions, such as the Delaware Express pipeline and Train 12 fractionator, positioning itself for future growth. (gurufocus.com)
Despite the increase in adjusted EBITDA, Targa's full-year 2024 net income slightly decreased to $1.312 billion from $1.346 billion in 2023, indicating potential profitability challenges. (quiverquant.com)
The company experienced a significant decline in adjusted free cash flow, dropping 64% to $140 million in 2024, which may impact its financial flexibility. (quiverquant.com)
Targa's total consolidated debt increased to $14.17 billion as of December 31, 2024, raising concerns about its financial leverage and potential liquidity issues. (quiverquant.com)
Data summarised monthly by Lightyear AI. Last updated on 12 Jul 2025.
Targa Resources Financial Performance
Revenues and expenses
Targa Resources Earnings Performance
Company profitability
Targa Resources News
AllArticlesVideos
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2025 Earnings Webcast
GlobeNewsWire·2 weeks ago
Targa Resources Corp. Prices $1.5 Billion Offering of Senior Notes
GlobeNewsWire·2 months ago
Trade Tracker: Kevin Simpson buys Coca-Cola & Cisco and sells Targa Resources
CNBC Television·2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
Jul31
Targa Resources
Dividend·Ex-dividend
Aug15
Targa Resources
Dividend·Payment
$1.00Per share
FAQs
What’s the current market cap for Targa Resources stock?
Targa Resources (TRGP) has a market cap of $37B as of July 22, 2025.
What is the P/E ratio for Targa Resources stock?
The price to earnings (P/E) ratio for Targa Resources (TRGP) stock is 31.53 as of July 22, 2025.
Does Targa Resources stock pay dividends?
Yes, the Targa Resources (TRGP) stock pays dividends to shareholders. As of July 22, 2025, the dividend rate is $3.25 and the yield is 2.34%. Targa Resources has a payout ratio of 50.95% on a trailing twelve-month basis.
When is the next Targa Resources dividend payment date?
The next Targa Resources (TRGP) dividend payment is scheduled for August 15, 2025.
What is the beta indicator for Targa Resources?
Targa Resources (TRGP) has a beta rating of 1.22. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.