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Energy · Oil & Gas Midstream

Targa Resources Corp.

TRGPNYSE$302.37+$12.83 (+4.43%)Market closed

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Daily

Key facts

Market Cap
$64.83B
P/E
33.8x
P/B
21.16x
ROE
67.9%

Targa Resources Corp.

Energy · Oil & Gas Midstream · FY 2025

Targa Resources Corp. is a leading independent provider of midstream energy services, specializing in the gathering, compression, treatment, processing, and sale of natural gas, as well as the storage, fractionation, transportation, and sale of natural gas liquids and related products. Based in Houston, Texas, the company plays a critical role in the North American energy infrastructure by connecting producers with end-users and markets, particularly across key regions such as the Permian Basin, Eagle Ford Shale, and various basins in Oklahoma and North Dakota. Targa operates an extensive portfolio of assets, including pipelines, processing plants, and storage terminals, supporting efficient movement and value-added processing of hydrocarbons. Through ongoing expansion, acquisitions, and significant investments in new facilities, Targa Resources Corp. enables reliable energy supply chains and supports industrial, commercial, and residential energy needs across the continent. As one of the largest midstream companies in the United States, it holds substantial market influence and is integral to the functioning of the broader oil and gas sector.

CEO
Mr. Matthew J. Meloy
Employees
3,370

Company Statistics

Valuation

P/E
33.8x
P/B
21.16x
P/S
3.81x
EV/EBITDA
17.0x
P/FCF
111.1x

Margins

Gross
29.4%
EBITDA
28.5%
Operating
19.6%
Pre-Tax
14.6%
Net
11.5%

Returns

ROA
8.2%
ROE
67.9%
ROIC
13.9%

Growth (CAGR)

Rev 3Yr
−6.6%
Rev 5Yr
15.6%
Op Inc 3Yr
24.4%
Net Inc 3Yr
8.5%

Financial Health

Cash & Cash Equivalents
$166.1M
Net Debt
$21.85B
Debt/Equity
688.5%
Interest Cov
—

Profile

Revenue
$17.03B
Shares Out
—
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Targa Resources Corp. (TRGP) Stock Forecast 2026 $302.37 — Price, Financials & Analyst Targets | AlphaLenz