Targa Resources, Inc.
TRGP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Targa Resources is well-positioned in the oil and gas midstream sector, benefiting from increasing demand for energy infrastructure as the industry transitions to cleaner energy sources.
- Revenue increased by 8% from the prior quarter, reaching $4.4 billion.
- Gross margin improved to 38%, up from 31.1% in the previous quarter.
- The company's high debt-to-equity ratio of 515.79 raises concerns about financial stability and the ability to manage liabilities effectively.
- Operating margin has shown volatility, with a decline from 27.8% to 20.7% over the past two quarters.
- The current ratio of 0.77 indicates potential liquidity issues, suggesting that Targa may struggle to cover short-term obligations.
Fundamentals
| Market cap | $61.86B | Enterprise value | $81.45B | Trailing P/E | 27.58 | Forward P/E | 23.96 |
| PEG | 1.25 | Price / book | 16.92 | Beta | 0.80 | Dividend yield | 1.73% |
| Revenue growth | 4.2% | Earnings growth | 23.3% | Gross margin | 43.2% | Operating margin | 27.8% |
| Profit margin | 13.5% | ROE | 70.8% | ROA | 9.2% | Debt / equity | 5.16 |
| Current ratio | 0.77 | Free cash flow | $65.84M | Analyst recommendation | strong_buy | Mean target | $325.95 |
| 52w high | $307.94 | 52w low | $144.14 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $4.4B | $4.1B | $4.1B | $4.2B | $4.3B | — |
| Op margin | 27.8% | 20.7% | 22.6% | 20.2% | 24.3% | — |
| Net income | $765M | $480M | $545M | $478M | $629M | — |
| Gross margin | 37.9% | 31.1% | 33.5% | 30.4% | 34.0% | — |
| Gross profit | $1.7B | $1.3B | $1.4B | $1.3B | $1.5B | — |
| Operating income | $1.2B | $847M | $917M | $837M | $1.0B | — |
- Revenue +8% vs prior quarter ($4.4B vs $4.1B).
- Gross margin 38% (was 31.1% prior quarter).
- Operating margin expanded to 27.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $17.0B | $16.4B | $16.1B | $20.9B | — |
| Op margin | 19.6% | 16.5% | 16.4% | 8.3% | — |
| Net income | $1.9B | $1.3B | $1.3B | $1.2B | — |
| Gross margin | 29.4% | 26.0% | 25.2% | 14.1% | — |
| Gross profit | $5.0B | $4.3B | $4.1B | $3.0B | — |
| Operating income | $3.3B | $2.7B | $2.6B | $1.7B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Stifel Adjusts Price Target on Targa Resources to $335 From $340
2026-10-08 · Barclays Adjusts Price Target on Targa Resources to $294 From $284
2026-10-07 · Targa Resources Sees Long Permian Growth Runway, RBC Says
2026-09-28 · Is Targa Resources Stock a Smart Hold in Today's Market?
2026-09-28 · Analyst Rating Boosts May Signal More Upside for These 3 Stocks
2026-09-26 · Truist Adds Fresh Fuel to Targa’s (TRGP) Growth Story. Is There More Upside Ahead?
2026-09-25 · Targa Resources (TRGP) Stock May Be 48% Undervalued Despite Permian Power Deal
2026-09-25 · Targa Resources (TRGP) Secures 230 Megawatts Of Long Term Power Capacity
2026-09-23 · ProPetro's PROPWR Expands Power Footprint With Targa Deal
2026-09-22 · Capital One Adjusts Price Target on Targa Resources to $335 From $310, Keeps Overweight Rating
2026-09-22 · ProPetro's Propwr Division Signs Contracts for 230 MW With Targa Subsidiary
2026-09-22 · PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
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