On 12 Nov 2026 Targa Resources closed at $296.30, +63.6% this year; market cap $63.76bn, P/E 26.1.
Energy · Oil & Gas Storage & Transportation · NYSE · United States
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
| Market cap | $63.76bn |
| P/E (trailing) | 26.1 |
| EPS (TTM) | $11.37 |
| Beta | 0.74 |
| Dividend | $5.00 |
| Dividend yield | 1.69% |
| Ex-dividend date | 30 Oct 2026 |
| Latest report | 5 Nov 2026 |
| Next earnings | 4 Feb 2027 |
| YTD | +63.6% |
| 1Y | +77.0% |
| 3Y | +54.9% |
| 5Y | +43.5% |
| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $17.14bn | $1.84bn | $584.10m |
| 2024 | $16.63bn | $1.27bn | $683.90m |
| 2023 | $15.62bn | $828.20m | $826.20m |
| 2022 | $21.68bn | $1.14bn | $1.05bn |
| 2021 | $17.44bn | $71.20m | $1.80bn |
We publish no single base value for Targa Resources. Our valuation methods put it between $85.72 and $222.93 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate. See every method
Call and put prices: our price for each next to the market's.
Open in the dashboard · Run a full Desk Run
Data as of 12 Nov 2026. Not investment advice.