Targa Resources Corp. (TRGP) stock
TRGPNYSENatural Gas TransmissionFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 10/3027% above fair value
$296.30+4.52 (+1.55%)
Close on Nov 12, 2026Market cap $63.54BP/E 26.2Yield 1.27%
Targa Resources statistics
109 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.
Important dates
- Next earnings
- Feb 18, 2027 (estimated, before the open)
- Last ex-dividend date
- Jul 31, 2026
- Fundamentals through
- Sep 30, 2026
- Share price as of
- Nov 12, 2026
Valuation ratiosIndustry
- P/TBV Ratio
- 37.50
- 2.10
- P/OCF Ratio
- 12.58
- 9.60
Enterprise valuationIndustry
- EV / Sales
- 4.55
- 4.49
- EV / EBIT
- 20.23
- 20.95
- EV / FCF
- 88.69
- 36.93
Share statisticsIndustry
- Shares Change (YoY)
- -1.10%
- 2.02%
- Shares Change (QoQ)
- 0.03%
- 0.04%
- Float
- 212M
- 118M
- Shares Held by Insiders
- 1.33%
- 1.37%
- Shares Held by Institutions
- 95.1%
- 80.3%
Short sellingIndustry
- Short Interest
- 7M
- –
- Short Interest Change
- 17.6%
- -1.80%
- Short % of Float
- 3.11%
- 4.12%
- Short % of Shares Outstanding
- 3.07%
- 3.58%
- Days to Cover
- 5.60
- 4.52
Stock price statisticsIndustry
- 52-Week High
- $316.60
- –
- 52-Week Low
- $166.18
- –
- 20-Day Moving Average
- $293.31
- –
- 50-Day Moving Average
- $288.79
- –
- 200-Day Moving Average
- $263.82
- –
- Average True Range (14)
- $10.55
- –
- Price Change (1 Week)
- 9.01%
- 0.98%
- Price Change (1 Month)
- 1.85%
- 3.20%
- Price Change (3 Months)
- 7.44%
- -3.70%
- Price Change (6 Months)
- 10.8%
- -2.87%
- Price Change (YTD)
- 60.6%
- 4.95%
- Price Change (1 Year)
- 71.0%
- 1.43%
- Price Change (3 Years)
- 249.0%
- 38.4%
- Price Change (5 Years)
- 446.5%
- 23.1%
- Price Change (10 Years)
- 515.6%
- 53.3%
- Average Volume (10 Days)
- 2M
- –
- Average Volume (20 Days)
- 1M
- –
- Average Volume (90 Days)
- 1M
- –
- Relative Volume
- 0.77
- 0.87
- Relative Strength Index (14)
- 53.8
- 53.0
- Volatility (1 Year)
- 29.8%
- 25.4%
- Beta (5 Years)
- 0.66
- 0.45
MarginsIndustry
- Pretax Margin
- 17.4%
- 14.6%
- EBITDA Margin
- 32.0%
- 33.2%
- FCF Margin
- 5.13%
- -8.17%
Returns on capitalIndustry
- Return on Equity (ROE)
- 75.0%
- 9.20%
- Return on Assets (ROA)
- 9.10%
- 2.64%
- Return on Invested Capital (ROIC)
- 15.3%
- 5.77%
- Return on Capital Employed (ROCE)
- 15.9%
- 4.78%
Financial positionIndustry
- Current Ratio
- 0.74
- 0.90
- Quick Ratio
- 0.59
- 0.39
- Debt / Equity
- 5.05
- 1.30
- Debt / EBITDA
- 3.31
- 4.88
- Debt / FCF
- 20.65
- 14.77
- Net Debt / EBITDA
- 3.29
- 4.68
GrowthIndustry
- Revenue Growth (YoY)
- 4.67%
- 7.96%
- Net Income Growth (YoY)
- 41.5%
- 12.1%
- EPS Growth (YoY)
- 52.4%
- 10.4%
- FCF Growth (YoY)
- 45.3%
- 1.23%
- Revenue Growth (3Y CAGR)
- -6.65%
- 3.90%
- Revenue Growth (5Y CAGR)
- 15.6%
- 7.80%
- EPS Growth (3Y CAGR)
- 29.8%
- 6.07%
EfficiencyIndustry
- Asset Turnover
- 0.68
- 0.23
- Inventory Turnover
- 25.42
- 15.50
- Revenue Per Employee
- $5.09M
- $1.11M
- Profits Per Employee
- $685.55K
- $118.50K
- Employee Count
- 3,570
- 1,444
- WACC
- 7.52%
- 6.81%
Income statement (TTM)Industry
- Pretax Income
- $3.16B
- $279.10M
Balance sheetIndustry
- Net Cash (Debt)
- -$19.14B
- -$2.57B
- Net Cash Per Share
- -$89.26
- -$23.93
- Equity (Book Value)
- $3.82B
- $2.20B
- Book Value Per Share
- $17.79
- $18.60
- Tangible Book Value
- $1.69B
- $1.44B
- Working Capital
- -$1.01B
- -$14.10M
Cash flow (TTM)Industry
- Capital Expenditures
- -$4.12B
- -$771.90M
- FCF Per Share
- $4.35
- -$0.53
Dividends and yieldsIndustry
- Earnings Yield
- 3.85%
- 4.38%
- FCF Yield
- 1.47%
- -3.93%
- Dividend Yield
- 1.27%
- 2.81%
- Buyback Yield
- 0.35%
- -1.03%
- Shareholder Yield
- 1.62%
- 1.60%
- Dividend Per Share
- $3.75
- $1.98
- Dividend Growth (YoY)
- 36.4%
- 5.10%
- Years of Dividend Growth
- 4
- 11
Taxes and interestIndustry
- Income Tax
- $664.90M
- $44.44M
- Effective Tax Rate
- 21.0%
- 16.0%
Scores and fair valueIndustry
- Graham Number
- $67.32
- $47.70
- Graham Upside
- -77.3%
- -27.6%
- Altman Z-Score
- 2.68
- 1.12
- Piotroski F-Score
- 6
- 5
- Lynch Fair Value
- $283.00
- –
- Lynch Upside
- -4.49%
- -35.6%
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 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 | +2.0% | -2.7% | +4.7 pts | ||
| 3 months | +10.3% | -1.7% | +12.0 pts | ||
| Year to date | +63.0% | +11.9% | +51.1 pts | ||
| 1 year | +76.3% | +12.0% | +64.3 pts | ||
| 3 years | +271.7% | +78.2% | +193.5 pts | +54.9% | +21.2% |
| 5 years | +506.2% | +73.2% | +432.9 pts | +43.4% | +11.6% |
| 10 years | +814.1% | +309.6% | +504.4 pts | +24.8% | +15.1% |
Short interest
Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.
7M TRGP shares were sold short on Oct 30, 2026, up 17.6% from the previous report, or 3.11% of the shares available to trade. At recent volumes it would take 5.6 days to buy them back. Over the last 20 sessions, 60.2% of the volume reported to FINRA was short selling.
| Settlement date | Shares short | Change | Avg. daily volume | Days to cover |
|---|---|---|---|---|
| Oct 30, 2026 | 6,575,190 | +17.6% | 1,174,777 | 5.6 |
| Oct 15, 2026 | 5,592,185 | +5.4% | 1,063,817 | 5.3 |
| Sep 30, 2026 | 5,304,246 | -6.1% | 1,322,396 | 4.0 |
| Sep 15, 2026 | 5,650,628 | +5.3% | 888,544 | 6.4 |
| Aug 31, 2026 | 5,366,594 | +8.2% | 1,485,845 | 3.6 |
| Aug 14, 2026 | 4,961,455 | +7.9% | 1,119,593 | 4.4 |
| Jul 31, 2026 | 4,596,420 | +10.4% | 1,148,680 | 4.0 |
| Jul 15, 2026 | 4,162,578 | -10.4% | 1,171,010 | 3.5 |
| Jun 30, 2026 | 4,644,849 | -2.7% | 1,567,331 | 3.0 |
| Jun 15, 2026 | 4,771,501 | +4.5% | 969,739 | 4.9 |
| May 29, 2026 | 4,564,344 | +3.1% | 1,225,509 | 3.7 |
| May 15, 2026 | 4,429,179 | -18.1% | 1,276,676 | 3.5 |
Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.
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