Targa Resources (TRGP)
Energy · Midstream energy infrastructure
Targa Resources is a midstream energy infrastructure company that gathers, processes, transports, and markets crude oil, natural gas, and natural gas liquids (NGLs) across North America.
What Targa Resources does
Targa Resources Corp. operates as a midstream energy infrastructure company providing gathering, processing, transportation, and marketing services for crude oil, natural gas, and natural gas liquids (NGLs). The company operates across three primary segments: Gathering and Processing, which gathers and processes natural gas and crude oil; NGL Logistics and Transportation, which transports and fractionates NGLs; and Logistics and Transportation, which markets and exports NGL products. Targa serves oil and gas producers and petrochemical customers across key production basins including SCOOP, STACK, and other North American regions.
Themes: ["Midstream energy infrastructure"]
Fundamentals
- Price$273.02 as of 2026-07-09 close
- Market cap$59.6B as of 2026-07-10
- 1-year return+60.0% as of 2026-07-09 close
- P/E27.97 as of 2026-07-10
- Net margin+12.9% as of 2026-07-10
- Gross margin+41.8% as of 2026-07-10
- ROE+74.2% as of 2026-07-10
- Debt / equity6.10 as of 2026-07-10
- Revenue growth (YoY)+1.1% as of 2026-07-10
- Revenue CAGR (3y)-6.6% SEC XBRL
- Beta0.72 as of 2026-07-10
Dividend: yield +1.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price volatility: Significant exposure to crude oil, natural gas, and NGL price fluctuations affecting demand for services and project economics; downside pricing can result in lower drilling activity in operational areas."]
Competitors & peers
- Enterprise Products Partners
- Kinder Morgan
- Magellan Midstream Partners
- ONEOK
- Williams Companies
- Genie Energy
- NGL Energy Partners
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.