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Stocks/Energy/Oil & Gas Storage & Transportation

Targa ResourcesTRGP

Oil & Gas Storage & Transportation · Houston, Texas · In the S&P 500
Pricier than peers
$314.99+1.24%After hours: $314.99 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 108.1% over 1 year
Targa Resources over 1 yearDaily close, $, to 30 Oct 2026
$150$200$250$300Nov2026MarMayJulSep$314.99$200$300NovMarJul$314.99
Source: Nasdaq daily closes
Market value$67.54B
Price to earnings30.1x
Forward P/E27.7x
Dividend yield1.59%
Year to date+70.7%
One year+108.1%
Next earningsThu 5 Nov, before the open
SectorEnergy
52-week range (closes)
$151.52$314.99

Quality and valuation

How Targa Resources compares with other energy stocks. A description, not a recommendation.

Targa Resources and 5 oil & gas storage & transportation peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: pricier than most

A weaker business than most energy companies, priced above most of them.

Targa Resources trades at 27.7 times the next 12 months of expected earnings, against a median of 12.8x for the 25 energy stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: −2.0% vs +13.3%
  • Keeps more of each sale (gross margin): 43.2% vs 25.2%
  • Less profitable (operating margin): 22.9% vs 22.9%
  • Turns less of its sales into cash: 4.4% vs 9.8%
TRGP trades at 27.7x forward earnings, above the sector medianForward p/e, Oil & Gas Storage & Transportation peers
VLO5.9xMPC6.2xBP6.9xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xTRGP27.7xSector median 12.8xVLO5.9xMPC6.2xBP6.9xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xTRGP27.7xSector median 12.8x
Source: CNBC quotes; Mostly Markets
At 30.1x earnings, TRGP is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
25x35xAverage 29.0x2025202630.1xAverage 29.0x2025202630.1x
Source: Nasdaq prices; SEC filings

Financials

From Targa Resources's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 4.2% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$4.4bnQ2 ’26$0bn$2bn$4bnQ3 ’24Q1 ’25Q3 ’25$4.4bnQ2 ’26
Source: SEC filings
Growth sped up to +4.2% last quarterRevenue growth, year on year, %
−10%0%10%Q3 ’24Q1 ’25Q3 ’254.2%Q2 ’26−10%0%10%Q3 ’24Q1 ’25Q3 ’254.2%Q2 ’26
Source: SEC filings
Operating margin was 27.8% last quarterOperating income as a share of revenue, %
0%10%20%Q3 ’24Q1 ’25Q3 ’2527.8%Q2 ’260%10%20%Q3 ’24Q1 ’25Q3 ’2527.8%Q2 ’26
Source: SEC filings
Free cash flow was $741 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$250m$0m$250m$500mQ3 ’24Q1 ’25Q3 ’25$431mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$431mQ2 ’26
Source: SEC filings
Last 12 monthsTRGPSector median
Revenue growth−2.0%+13.3%
Gross margin43.2%25.2%
Operating margin22.9%22.9%
Free cash flow margin4.4%9.8%
Price to earnings30.1x17.2x

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Similar companies

Oil & Gas Storage & Transportation, by market value.

CompanyPriceTodayYTDValue
XOMExxon Mobil$187.25+2.16%+55.6%$770B
CVXChevron$235.52+1.75%+54.5%$465B
SHELShell$108.69+0.95%+47.9%$310B
COPConocoPhillips$154.03+2.67%+64.5%$185B
BPBP$50.39+0.08%+45.1%$132B
MPCMarathon Petroleum$444.73+2.83%+173.5%$125B
VLOValero Energy$399.66+3.92%+145.5%$111B
PSXPhillips 66$282.83+3.37%+119.2%$110B