Targa Resources Corp. (TRGP) stock
Close on Nov 11, 2026Market cap $62.57BP/E 25.8Yield 1.29%
Targa Resources Corp. grew revenue 4.7% to $18.19B over the twelve months to Sep 30, 2026. Operating income rose 31.5% to $4.09B, moving the operating margin from 17.9% to 22.5%. Free cash flow was $933.80M, up 45.3% from a year earlier. At the latest close the market valued the company at $62.57B, 25.8 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $62.57B
- P/E ratio
- 25.8
- Price to sales
- 3.44
- Price to book
- 16.40
- Dividend yield
- 1.29%
- Free cash flow yield
- 1.49%
Fundamentals
- Revenue
- $18.19B
- Net income
- $2.45B
- EPS, diluted
- $11.32
- Free cash flow
- $933.80M
- Book value per share
- $17.73
- Diluted shares
- 215M
Trading
- Next earnings
- Feb 18, 2027 (estimated, before the open)
- Previous close
- $281.32
- Open
- $286.94
- Day's range
- $282.52 – $291.93
- Volume
- 987,273
- Average volume (20 days)
- 1,415,793
- Index membership
- S&P 500 (since Dec 2022), Russell 1000, Russell 3000
- Beta (5 years)
- 0.66
- 52-week range
- $166.18 – $316.60
- RSI (14 days)
- 51.4
- Volatility (1 year)
- 29.8%
- Relative volume
- 0.81×
- WACC
- 7.5%
On 2 of our idea lists: CANSLIM, Mega-cap growers
Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2010, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | TRGP | S&P 500 | Difference | TRGP per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +1.8% | -2.4% | +4.2 pts | ||
| 3 months | +9.9% | -1.2% | +11.1 pts | ||
| Year to date | +60.5% | +12.3% | +48.2 pts | ||
| 1 year | +70.9% | +12.4% | +58.5 pts | ||
| 3 years | +266.0% | +78.8% | +187.2 pts | +54.1% | +21.4% |
| 5 years | +485.8% | +75.2% | +410.6 pts | +42.4% | +11.9% |
| 10 years | +800.2% | +311.1% | +489.0 pts | +24.6% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Targa Resources filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Update
- Results
- Update
About Targa Resources
Natural Gas Transmission
Targa Resources Corp. is an energy infrastructure provider that delivers midstream natural gas and natural gas liquids services. The company conducts its operations through two primary reportable segments: Gathering and Processing, and Logistics and Transportation. Through these business units, it gathers, treats, and processes natural gas, extracts natural gas liquids, and provides pipeline transportation, fractionation, terminaling, storage, and export capabilities. The organization serves energy producers and commodity markets by moving and refining raw natural gas, natural gas liquids, and condensate.
Company profile, executives and historyTarga Resources stock: common questions
What is Targa Resources's stock price?
TRGP closed at $291.78 on Nov 11, 2026, up 3.72% on the day. Over the past 52 weeks it traded between $166.18 and $316.60.
What is Targa Resources's market cap?
Targa Resources was worth $62.57B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is TRGP's P/E ratio?
TRGP trades at 25.8 times earnings, based on diluted earnings per share of $11.32 over the twelve months to Sep 30, 2026.
How much revenue does Targa Resources make?
Targa Resources reported revenue of $18.19B for the twelve months to Sep 30, 2026, up 4.7% from a year earlier.
Does Targa Resources pay a dividend?
Yes. Targa Resources paid $3.75 per share over the last twelve months, a yield of 1.29% at the latest price, and has raised its annual dividend 4 years in a row.
When does Targa Resources report earnings next?
Targa Resources is expected to report Q4 FY2026 results on Feb 18, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has TRGP stock performed over the past year?
Including dividends, TRGP returned +70.9% over the past year, against +12.4% for the S&P 500.
How many TRGP shares are sold short?
7M shares were sold short at the latest FINRA report, 3.11% of the float, or 5.6 days of average trading volume.
Who are Targa Resources's competitors?
Companies most similar to Targa Resources by business, industry and size include KMI, WMB, TRP, EPD, NGG.
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