SuperworthTarga Resources TRGP
- Market cap
- $64.8B
- PE
- 28.9×
- 10y median 30.8×
- Forward PE
- 26.6×
- 10y median 17.5×
- Price to sales
- 3.9×
- EV/EBIT
- 21.9×
- Revenue, 12 months
- $16.7B
- −2% on a year ago
- Net margin
- 13.5%
- Free cash flow yield
- 1.1%
Targa Resources trades at 28.9× trailing earnings, near its ten-year median. Revenue was $16.7B over the last twelve months, down 2% on a year earlier with a 14% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3.9B−27% | $4.2B−7% | $4.6B+1% | $3.6B+5% | $3.9B−1% | $4.4B+4% | $4.6B+0% | $4.3B+20% | $4.2B+8% | $4.1B−8% | $4.1B−10% | $4.4B+4% | |
| Cost of revenue | $2.7B−38% | $2.9B−13% | $3.2B+7% | $2.2B+6% | $2.4B−12% | $2.9B+1% | $3.3B+1% | $2.4B+11% | $2.5B+6% | $2.3B−21% | $2.4B−27% | $2.3B−6% |
| Gross profit | $1.2B+15% | $1.3B+9% | $1.3B−11% | $1.4B+2% | $1.5B+23% | $1.5B+11% | $1.3B−3% | $1.8B+34% | $1.6B+11% | $1.7B+18% | $1.7B+30% | $2.1B+17% |
| SG&A | $90M+14% | $95.3M+3% | $86.5M+5% | $98.3M+21% | $102.6M+14% | $97.5M+2% | $94.5M+9% | $95M−3% | $104.8M+2% | $111.7M+15% | $107.8M+14% | $108.1M+14% |
| $505.1M+18% | $635.3M+15% | $639.4M−24% | $627.2M−3% | $728.2M+44% | $700.5M+10% | $543.3M−15% | $1B+65% | $836.9M+15% | $917.4M+31% | $846.9M+56% | $1.2B+19% | |
| Interest expense | $175.1M+39% | $178M+22% | $228.6M+36% | $176M+6% | $184.9M+6% | $177.7M−0% | $197.1M−14% | $218.4M+24% | $221.3M+20% | $216M+22% | $227.6M+16% | $236.6M+8% |
| Pre-tax income | $332.9M+14% | $460.1M+13% | $415.3M−38% | $453.2M−6% | $545.1M+64% | $524.4M+14% | $352M−15% | $821.3M+81% | $620.9M+14% | $692.2M+32% | $611.3M+74% | $1B+22% |
| $53.9M+349% | $102.5M+946% | $82.7M−25% | $94.3M−2% | $97M+80% | $110.4M+8% | $72.2M−13% | $184.1M+95% | $134.3M+39% | $139.1M+26% | $123.9M+72% | $227.2M+23% | |
| Net income | $220M+14% | $299.6M−6% | $275.2M−45% | $298.5M−9% | $387.4M+76% | $351M+17% | $270.5M−2% | $629.1M+111% | $478.4M+24% | $545M+55% | $479.6M+77% | $764.6M+22% |
| $0.97+16% | $1.25−9% | $1.22+3967% | $1.33−8% | $1.75+80% | $1.45+16% | $0.91−25% | $2.87+116% | $2.20+26% | $2.53+75% | $2.21+143% | $3.54+23% | |
| 225.1M−2% | 224.5M−2% | 223.7M−2% | 221.9M−2% | 220M−2% | 219.2M−2% | 218.7M−2% | 217.3M−2% | 216M−2% | 215.7M−2% | 215.5M−2% | 215.2M−1% |
Gross profit: 36 periods, Q3 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 7 periods, Q1 FY13 to Q3 FY14: not printed by the filing, worked out from its own lines.
EPS, diluted: 9 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 6 periods, Q4 FY10 to Q4 FY21: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 10 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $4.8B | $4.3B to $5.1B | $2.74 | $2.26 to $2.98 | 5 |
| Q4 FY26 | $5.1B | $4.8B to $5.5B | $2.80 | $2.42 to $3.06 | 5 |
| Q1 FY27 | $5.7B | $4.9B to $6.7B | $2.96 | $2.43 to $3.59 | 3 |
| Q2 FY27 | $5.7B | $4.9B to $6.6B | $2.92 | $2.40 to $3.54 | 3 |
| Q3 FY27 | $6.1B | $5.2B to $7.1B | $3.27 | $2.69 to $3.97 | 3 |
| Q4 FY27 | $6.5B | $5.6B to $7.5B | $3.45 | $2.84 to $4.19 | 3 |
| Q1 FY28 | $6.3B | $5.4B to $7.3B | $3.64 | $2.99 to $4.42 | 4 |
| Q2 FY28 | $6.4B | $5.5B to $7.4B | $3.85 | $3.16 to $4.67 | 4 |
Peers
Companies in Oil & Gas Midstream nearest Targa Resources' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| TRGPTarga Resources | $64.8B | 28.9× | 30.8× | 26.6× | 3.9× | −2% | 13.5% |
| LNGCheniere Energy | $61.7B | 22.2× | 14.7× | 16.6× | 2.9× | +18% | 13.6% |
| ETEnergy Transfer | $69B | n/m | n/a | 12.3× | 0.6× | +33% | 4.9% |
| OKEONEOK | $60.4B | 16.5× | 19.7× | 16.1× | 1.5× | +41% | 9.3% |
| MPLXMPLX Lp | $59.9B | 12.7× | 12.1× | 12.9× | n/m | n/m | n/m |
| KMIKinder Morgan | $76.7B | 22.1× | 22.8× | 23.3× | 4.3× | +12% | 19.3% |
| EPDEnterprise Products Partners | $80.1B | 12.9× | 12.4× | 12.2× | 1.4× | +7% | 10.8% |
| WMBWilliams Companies | $87.7B | 28.6× | 28.4× | 29.5× | 7.2× | +9% | 25.2% |
| VGVenture Global | $35B | 11.0× | 13.5× | 8.2× | 2.1× | +101% | 22.3% |
| CQPCheniere Energy Partners | $32B | 11.4× | 14.0× | 14.7× | 2.8× | +15% | 27.3% |
| WESWestern Midstream Partners | $18.6B | 14.2× | 10.5× | n/m | 4.3× | +18% | 29.6% |
| Peer median | $61B | 14.2× | 14.0× | 14.7× | 2.8× | +18% | 19.3% |
Investors who own it
Investors we follow who held Targa Resources at the end of Jun 30, 2026, from their 13F filings.
- Bill NygrenHarris Associates (Oakmark)2.8% of portfoliotrimmed
More on Targa Resources
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #2of 28Energy stocks with the fastest expected revenue growth
- #4of 18Oil and gas pipeline stocks with the fastest earnings growth
- #9of 21Energy stocks cheapest against their own PE history
- #8of 10Oil and gas pipeline stocks with the highest dividend yields
- #9of 10Oil and gas pipeline stocks with the lowest forward PE
Its groups
About
- Industry
- Oil & Gas Midstream
- Sector
- Energy
Valuation data, not investment advice. Prices as of .