TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Targa Resources Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$292.80−2.10 (-0.71%)
Close on Oct 19, 2026
- Market cap
- $63.01B
- P/E (TTM)
- 27.9
- Dividend yield
- 1.28%
Targa Resources statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Natural Gas Transmission companies for comparison
Valuation
| Measure | Targa Resources | Industry median |
|---|---|---|
| Market Cap | $62.79B | $3.85B |
| Enterprise Value | $81.81B | $6.69B |
| PE Ratio | 27.94 | 20.58 |
| PS Ratio | 3.75 | 2.78 |
| PB Ratio | 17.17 | 1.94 |
| P/TBV Ratio | 43.83 | 2.17 |
| P/FCF Ratio | 84.74 | 25.68 |
| P/OCF Ratio | 14.65 | 9.72 |
Enterprise value
| Measure | Targa Resources | Industry median |
|---|---|---|
| EV / Sales | 4.89 | 4.40 |
| EV / EBITDA | 14.91 | 13.54 |
| EV / EBIT | 21.33 | 21.33 |
| EV / FCF | 110.42 | 40.83 |
Income (trailing twelve months)
| Measure | Targa Resources | Industry median |
|---|---|---|
| Revenue | $16.74B | $1.96B |
| Gross Profit | $7.23B | $772.78M |
| Operating Income | $3.84B | $356.99M |
| Pretax Income | $2.93B | $257.00M |
| Net Income | $2.27B | $132.10M |
| EBITDA | $5.49B | $626.69M |
| EPS (Diluted) | $10.48 | $1.96 |
Margins
| Measure | Targa Resources | Industry median |
|---|---|---|
| Gross Margin | 43.2% | 43.2% |
| Operating Margin | 22.9% | 19.0% |
| Pretax Margin | 17.5% | 13.7% |
| Profit Margin | 13.5% | 10.9% |
| EBITDA Margin | 32.8% | 33.2% |
| FCF Margin | 4.43% | -7.48% |
Returns
| Measure | Targa Resources | Industry median |
|---|---|---|
| Return on Equity (ROE) | 72.6% | 8.92% |
| Return on Assets (ROA) | 8.72% | 2.64% |
| Return on Invested Capital (ROIC) | 14.7% | 5.67% |
| Return on Capital Employed (ROCE) | 15.3% | 4.66% |
Growth
| Measure | Targa Resources | Industry median |
|---|---|---|
| Revenue Growth (YoY) | -1.97% | 8.31% |
| Net Income Growth (YoY) | 38.4% | 7.61% |
| EPS Growth (YoY) | 50.1% | 6.88% |
| FCF Growth (YoY) | 73.3% | -17.8% |
| Revenue Growth (3Y CAGR) | -6.65% | 3.90% |
| Revenue Growth (5Y CAGR) | 15.6% | 7.73% |
| EPS Growth (3Y CAGR) | 29.8% | 6.33% |
Balance sheet
| Measure | Targa Resources | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $132.30M | $70.00M |
| Total Debt | $19.02B | $3.59B |
| Net Cash (Debt) | -$18.89B | -$1.91B |
| Net Cash Per Share | -$88.08 | -$20.23 |
| Equity (Book Value) | $3.66B | $1.73B |
| Book Value Per Share | $17.05 | $16.33 |
| Tangible Book Value | $1.43B | $1.17B |
| Working Capital | -$782.00M | -$8.30M |
Financial position
| Measure | Targa Resources | Industry median |
|---|---|---|
| Current Ratio | 0.77 | 0.93 |
| Quick Ratio | 0.61 | 0.38 |
| Debt / Equity | 5.20 | 1.21 |
| Debt / EBITDA | 3.47 | 5.16 |
| Debt / FCF | 25.67 | 13.31 |
| Net Debt / EBITDA | 3.44 | 4.92 |
Cash flow (trailing twelve months)
| Measure | Targa Resources | Industry median |
|---|---|---|
| Operating Cash Flow | $4.29B | $490.44M |
| Capital Expenditures | -$3.54B | -$731.05M |
| Free Cash Flow | $740.90M | -$28.09M |
| FCF Per Share | $3.46 | -$0.72 |
Efficiency
| Measure | Targa Resources | Industry median |
|---|---|---|
| Asset Turnover | 0.64 | 0.23 |
| Inventory Turnover | 25.19 | 13.82 |
| Revenue Per Employee | $4.69M | $1.09M |
| Profits Per Employee | $635.18K | $108.08K |
| Employee Count | 3,570 | 1,512 |
Dividends and yields
| Measure | Targa Resources | Industry median |
|---|---|---|
| Earnings Yield | 3.61% | 4.07% |
| FCF Yield | 1.18% | -3.88% |
| Dividend Yield | 1.28% | 2.92% |
| Buyback Yield | 0.52% | -1.11% |
| Shareholder Yield | 1.80% | 1.61% |
| Dividend Per Share | $3.75 | $1.98 |
| Dividend Growth (YoY) | 36.4% | 5.10% |
| Years of Dividend Growth | 4 | 10 |
Shares
| Measure | Targa Resources | Industry median |
|---|---|---|
| Shares Outstanding | 214,431,000 | 123,005,500 |
| Shares Change (YoY) | -1.46% | 2.12% |
| Shares Change (QoQ) | -0.14% | 0.05% |
| Float | 211,576,000 | 112,991,500 |
| Shares Held by Insiders | 1.33% | 1.67% |
| Shares Held by Institutions | 95.1% | 81.0% |
Taxes
| Measure | Targa Resources | Industry median |
|---|---|---|
| Income Tax | $624.50M | $40.00M |
| Effective Tax Rate | 21.3% | 16.2% |
Scores
| Measure | Targa Resources | Industry median |
|---|---|---|
| Graham Number | $63.41 | $46.35 |
| Graham Upside | -78.3% | -25.2% |
| Altman Z-Score | 2.67 | 1.03 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from Targa Resources's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.