Targa Resources Corp (TRGP US)
TRGP US$312.37
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 312.37
- Change
- ▲ 6.47 (2.12)
- Bid / Ask
- 0.00 - 0.00
- Volume
- 333,648
- Turnover
- 89,901,146
- Open
- 310.00
- Day Range
- 307.46 - 313.41
- VWAP
- 311.96
- Prev Close
- 305.90
- Last Trade
- 29/10 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Energy
- Shares Issued
- 214,431,021
- NTA/Share
- 7.21
- Last Dividend
- 1.25
- Dividend Ex Date
- 31 JUL 2026
- Dividend Pay Date
- 14 AUG 2026
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 17,028.30
- EBITDA
- 4,854.50
- Profit
- 1,841.40
- Earnings Per Share (EPS)
- 8.49
- Dividend Per Share (DPS)
- 3.75
- Yield %
- 1.47
- Market Cap
- 66,981.82
- Price to Earnings Ratio (P/E)
- 29.86
Estimates (USD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 24,360.00
- EBITDA
- 6,581.00
- Profit
- 2,601.00
- Earnings Per Share (EPS)
- 12.34
- Dividend Per Share (DPS)
- 6.00
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Overvalued
- Economic Moat
- Wide
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 234.14 Fair value 269.45 One-star price 310.09
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 269.45
- Price / Fair Value
- 1.14
- Valuation
- Overvalued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (234.14) to the one-star price (310.09).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 305.90 |
| Price - 12 month high | 308.14 |
| Price - 12 month low | 150.01 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 1.10 |
| Market capitalization | 65,594.45 |
| 12 Month High price date | 28 OCT 2026 |
| 12 Month Low price date | 29 OCT 2025 |
| Volume - avg. trading volume for the last 3 months | 1.19 |
| Price - 1 Day % Change | 1.09% |
| Price - 13 week price percent change | 16.91% |
| Price - 26 week price percent change | 23.16% |
| Price - 5 Day % Change | 3.48% |
| Price - 52 week price percent change | 100.54% |
| Price - YTD price percent change | 64.78% |
| Price % Change Month To Date | 10.26% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 8.490 |
| EPS excluding extraordinary items - trailing 12 month | 10.460 |
| EPS Normalized - most recent fiscal year | 8.761 |
| Revenue/share - most recent fiscal year | 78.508 |
| Revenue/share - trailing 12 month | 77.669 |
| Book value per share - most recent fiscal year | 14.292 |
| Book value per share - most recent quarter | 17.053 |
| Book value (tangible) per share - most recent fiscal year | 7.206 |
| Book value (tangible) per share - most recent quarter | 7.884 |
| Cash per share - most recent fiscal year | 0.774 |
| Cash per share - most recent quarter | 0.617 |
| Cash Flow per share - most recent fiscal year | 18.953 |
| Cash Flow per share - trailing 12 month | 22.133 |
| Dividend per share - most recent fiscal year | 3.750 |
| Dividends per share - trailing 12 month | 4.500 |
| EBITD per share - trailing 12 month | 25.441 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 8.520 |
| EPS Basic excluding extraordinary items - trailing 12 month | 10.490 |
| EPS including extraordinary items - most recent fiscal year | 8.520 |
| EPS including extraordinary items - trailing 12 month | 10.490 |
| Free Cash Flow per share - trailing 12 month | 5.688 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 29.24 |
| P/E Normalized, most recent fiscal year | 28.07 |
| Price to sales - most recent fiscal year | 3.94 |
| Price to Tangible Book - most fiscal year | 42.28 |
| Price to Free Cash Flow per Share - most recent fiscal year | 53.78 |
| Price to Cash Flow per share - trailing 12 month | 13.82 |
| Price to Book - most recent fiscal year | 17.94 |
| P/E excluding extraordinary items high, trailing 12 months | 30.68 |
| P/E excluding extraordinary items low, trailing 12 months | 21.72 |
| Net Debt, LFI | 19,445.70 |
| Net Debt, LFY | 17,355.90 |
| Dividend Yield - 5 Year Average | 1.60% |
| Dividend Yield - indicated annual dividend divided by closing price | 1.49% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 1.47% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 777.70 |
| LT debt/equity - most recent fiscal year | 523.79% |
| Payout ratio - most recent fiscal year | 44.17% |
| Total debt/total equity - most recent fiscal year | 547.87% |
| LT debt/equity - most recent quarter | 501.09% |
| Total debt/total equity - most recent quarter | 515.79% |
| Free Cash Flow - trailing 12 month | 1,226.10 |
| Payout ratio - trailing 12 month | 40.63% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 17,028.30 |
| Revenue - trailing 12 month | 16,741.50 |
| EBITD - most recent fiscal year | 4,854.50 |
| EBITD - trailing 12 month | 5,483.90 |
| Earnings before taxes - most recent fiscal year | 2,486.40 |
| Earnings before taxes - trailing 12 month | 2,929.30 |
| Net Income available to common - most recent fiscal year | 1,841.40 |
| Net Income available to common - trailing 12 months | 2,261.70 |
| Earnings before taxes Normalized - most recent fiscal year | 2,561.20 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 10.90 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 11.49% |
| Net Profit Margin % - trailing 12 month | 13.77% |
| Operating margin - 1st historical fiscal year | 19.56% |
| Operating margin - trailing 12 month | 22.91% |
| Pretax margin - trailing 12 month | 17.50% |
| Pretax margin - 1st historical fiscal year | 14.60% |
| Operating Margin - 5 year average | 13.68% |
| Pretax Margin - 5 year average | 9.81% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 5.74% |
| Free Operating Cash Flow/Revenue, TTM | 7.32% |
| Net Profit Margin - 5 year average | 8.12% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 8.26% |
| Return on average assets - trailing 12 month | 8.97% |
| Return on average equity - most recent fiscal year | 72.98% |
| Return on average equity - trailing 12 month | 76.04% |
| Return on average assets - 5 year average | 7.13% |
| Return on average equity - 5 year average | 57.28% |
| Net Income/employee - most recent fiscal year | 548,095.24 |
| Revenue/employee - most recent fiscal year | 4,769,831.93 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 15.57% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | 38.88% |
| Revenue/share (5 yr growth) | 17.15% |
| Growth rate% - Revenue, 3 year | -6.65% |
| Growth rate% - EPS, 3 year | 29.83% |
| Book value per share growth rate, 5 year | 4.20% |
| Capital Spending growth rate, 5 year | 28.49% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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Action
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Business Summary
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefiedpetroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
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