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Targa Resources Corp

TRGP
S&P 500Pipeline Transportation of Natural Gas · NEW YORK STOCK EXCHANGE INC.
$271.35last close · market cap 58.39 Billion
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65.0SCORE / 100
Our verdictBUYStrong Growth and Improving, Stock Price AttractiveQtr Ending 2026-06-30 · trend positive

Why Buy

Income statement, balance sheet and cash flow are strong.

Next earnings: 2026-11-05 (BMO), EPS Forecast: $2.73

What is strong
  • Operating Income Growth is 27.62%
  • Net Income Growth is 47.76%
  • Earnings Per Share (EPS) Growth is 50.0%
  • Net Margin is 13.54%
  • Debt Ratio is 0.13
  • Current Debt to Net Income Ratio is -1.46
  • Cash from Operations Growth is 16.41%
  • Net Increase in Cash is Positive
What to watch
  • Revenue Growth is -1.97%
  • Current Asset to Current Liability Ratio is 0.77
  • Total Debt to Total Assets Ratio is 0.65
  • Capital Expenditure is High

What changed

Score by quarter

Upgraded from Hold to Buy in the Jun 2025 quarter: 57.6 → 61.0 (+3.4). This quarter: +2.0.

3040506070Sep 2022Jun 2026

What the score is made of

Income statement61.2 -0.9
Balance sheet71.7 +0.0
Cash flow66.2 +15.4

Change vs previous quarter.

Key numbers · latest quarter

Revenue (TTM)16.74 Billion-1.97 % growth
EPS10.4750.00 % growth
Profit margin13.54 %Profit per $1 of sales
P-E ratio—Not available
Market cap58.39 BillionShares × price
Debt-equity ratio5.05Leverage
Dividend4.25Per share, annual
Next earnings2026-11-05BMO · EPS forecast $2.73
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Unless specified, all values are in USD Millions. Data extracted from SEC Filing and are subject to processing and input errors.

About Targa Resources Corp

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream infrastructure assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and purchasing and selling natural gas; transporting, storing, fractionating, treating and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling and purchasing and selling crude oil.

CEO
Matthew Meloy
Employees
2,850
Sector
Transportation and Warehousing
Exchange
NEW YORK STOCK EXCHANGE INC.
www.targaresources.com

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