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Targa Resources Corp. (TRGP)

Energy | Oil & Gas Midstream | Houston, United States | NYSE
279.40 USD +6.05 (2.213%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 281.26 +1.86 (0.666%) ⇧ (July 13, 2026, 7:50 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 5:36 a.m. EDT

The most compelling signal here is the exceptional nine-year price trajectory, which has delivered a cumulative gain of over 300 percent, driven by a consistent upward trend in annual returns. However, the long-term outlook is tempered by significant balance sheet risks; the company carries substantial debt relative to equity and reported negative free cash flow recently, despite maintaining a robust return on equity. The short-term outlook remains constructive as the stock trades well above its 200-day average, yet the statistical forecast indicates a flat path ahead, suggesting the recent rally may be pausing. The dividend yield is modest but sustainable, supported by a healthy payout ratio that has grown steadily over the last few years. Investors should view this as a high-quality compounder that is currently priced for perfection, requiring patience to navigate the debt headwinds while waiting for revenue growth to stabilize.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.059515
AutoETS0.059518
MSTL0.060726
AutoTheta0.069828

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 51%
H-stat 1.59
Ljung-Box p 0.000
Jarque-Bera p 0.481
Excess Kurtosis -0.72
Attribute Value
Sector Energy
Ex Dividend Date 2026-04-29
Last Dividend Date 2026-04-29
Debt to Equity Ratio 585.249
Revenue per Share 76.914
Market Cap 59,971,506,176
Trailing P/E 28.54
Forward P/E 22.95
Beta 0.70
Profit Margins 12.87%
Website https://www.targaresources.com

As of July 11, 2026, 5:36 a.m. EDT: Speculators are positioning for continued upside with significant open interest in call strikes at 340 and 320 for later expirations, suggesting a bullish target zone well above current prices. Defensive put positioning is concentrated at lower strikes around 240, indicating a floor is expected. Implied volatility skews higher at deep out-of-the-money strikes, reflecting tail risk pricing.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.48% 2.23% 2.21% 2.06%
Dividend History
Date Dividend Yield %
2026-04-30 1.250 0.480621
2026-01-30 1.000 0.497562
2025-10-31 1.000 0.649182
2025-07-31 1.000 0.600925
2025-04-30 1.000 0.585138
2025-01-31 0.750 0.381098
2024-10-31 0.750 0.449209
2024-07-31 0.750 0.554406
2024-04-29 0.750 0.639932
2024-01-30 0.500 0.574449
2023-10-30 0.500 0.598086
2023-07-28 0.500 0.620117
2023-04-27 0.500 0.673129
2023-01-30 0.350 0.473998
2022-10-28 0.350 0.521144
2022-07-28 0.350 0.519673
2022-04-28 0.350 0.458956
2022-01-28 0.350 0.603969
2021-10-28 0.100 0.181028
2021-07-29 0.100 0.232937
2021-04-29 0.100 0.287356
2021-01-29 0.100 0.365364
2020-10-29 0.100 0.624610
2020-07-30 0.100 0.535332
2020-04-30 0.100 0.771605
2020-01-30 0.910 2.458131
2019-10-31 0.910 2.340535
2019-07-30 0.910 2.341137
2019-04-30 0.910 2.266501
2019-01-30 0.910 2.107457
2018-10-30 0.910 1.818182
2018-07-31 0.910 1.781868
2018-04-30 0.910 1.937407
2018-01-31 0.910 1.895833
2017-10-31 0.910 2.192771
2017-07-28 0.910 1.945692
2017-04-28 0.910 1.650644
2017-01-30 0.910 1.591744
2016-10-31 0.910 2.072893
2016-07-29 0.910 2.442297
2016-04-29 0.910 2.249135
2016-01-29 0.910 4.049844
2015-10-29 0.910 1.657861
2015-07-30 0.875 0.975800
2015-04-30 0.830 0.790702
2015-01-29 0.775 0.907069
2014-10-30 0.733 0.585417
2014-07-24 0.690 0.509338
2014-04-24 0.648 0.605664
2014-01-23 0.608 0.679026
2013-10-29 0.570 0.727691
2013-07-25 0.532 0.772582
2013-04-25 0.495 0.748752
2013-01-24 0.458 0.776666
2012-10-18 0.423 0.834978
2012-07-19 0.394 0.873227
2012-04-19 0.365 0.793823
2012-01-19 0.336 0.806723
2011-10-19 0.308 0.932203
2011-07-19 0.290 0.852440
2011-04-19 0.273 0.834097
2011-02-01 0.062 0.202284
Additional Data
dividendRate 4.25
dividendYield 1.55
exDividendDate 2026-04-30
trailingAnnualDividendRate 4.25
trailingAnnualDividendYield 0.0155478325
lastDividendValue 1.25
lastDividendDate 2026-04-30
dividendDate 2026-05-15

Info Dump

Attribute Value
52 Week Change 0.58500516
Address1 811 Louisiana Street
Address2 Suite 2100
All Time High 280.0
All Time Low 3.66
Ask 0.0
Ask Size 400
Audit Risk 3
Average Analyst Rating 1.5 - Buy
Average Daily Volume10 Day 1,424,680
Average Daily Volume3 Month 1,233,172
Average Volume 1,233,172
Average Volume10Days 1,424,680
Beta 0.704
Bid 0.0
Bid Size 100
Board Risk 2
Book Value 14.607
City Houston
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 4
Country United States
Crypto Tradeable 0
Currency USD
Current Price 279.4
Current Ratio 0.718
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 281.07
Day Low 276.8
Debt To Equity 585.249
Display Name Targa Resources
Dividend Date 1,778,803,200
Dividend Rate 4.25
Dividend Yield 1.55
Earnings Call Timestamp End 1,778,166,000
Earnings Call Timestamp Start 1,778,166,000
Earnings Growth 1.429
Earnings Quarterly Growth 0.773
Earnings Timestamp 1,778,157,000
Earnings Timestamp End 1,786,019,400
Earnings Timestamp Start 1,786,019,400
Ebitda 5,217,399,808
Ebitda Margins 0.31503
Enterprise To Ebitda 15.168
Enterprise To Revenue 4.778
Enterprise Value 79,135,703,040
Eps Current Year 11.20637
Eps Forward 12.17465
Eps Trailing Twelve Months 9.79
Esg Populated 0
Ex Dividend Date 1,777,507,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 713 584 1100
Fifty Day Average 264.554
Fifty Day Average Change 14.846008
Fifty Day Average Change Percent 0.05611712
Fifty Two Week Change Percent 58.500515
Fifty Two Week High 281.07
Fifty Two Week High Change -1.6700134
Fifty Two Week High Change Percent -0.005941628
Fifty Two Week Low 144.14
Fifty Two Week Low Change 135.26
Fifty Two Week Low Change Percent 0.9383932
Fifty Two Week Range 144.14 - 281.07
Financial Currency USD
First Trade Date Milliseconds 1,291,732,200,000
Five Year Avg Dividend Yield 1.7
Float Shares 211,299,751
Forward Eps 12.17465
Forward P E 22.949324
Free Cashflow -318,550,016
Full Exchange Name NYSE
Full Time Employees 3,570
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.41766
Gross Profits 6,917,000,192
Has Pre Post Market Data 1
Held Percent Insiders 0.013780001
Held Percent Institutions 0.97302
Implied Shares Outstanding 214,643,903
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,777,507,200
Last Dividend Value 1.25
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Targa Resources Corp.
Market us_market
Market Cap 59,971,506,176
Market State PREPRE
Max Age 86,400
Message Board Id finmb_39153321
Most Recent Quarter 1,774,915,200
Net Income To Common 2,119,699,968
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 58,672,910,885
Number Of Analyst Opinions 21
Open 277.18
Operating Cashflow 3,702,500,096
Operating Margins 0.20899999
Overall Risk 6
Payout Ratio 0.4086
Peg Ratio 1.25
Phone 713 584 1000
Post Market Change 1.8600159
Post Market Change Percent 0.66571796
Post Market Price 281.26
Post Market Time 1,783,986,644
Previous Close 273.35
Price Eps Current Year 24.932247
Price Hint 2
Price To Book 19.127815
Price To Sales Trailing12 Months 3.6211398
Profit Margins 0.12874
Quick Ratio 0.528
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.52174
Region US
Regular Market Change 6.04999
Regular Market Change Percent 2.21328
Regular Market Day High 281.07
Regular Market Day Low 276.8
Regular Market Day Range 276.8 - 281.07
Regular Market Open 277.18
Regular Market Previous Close 273.35
Regular Market Price 279.4
Regular Market Time 1,783,972,803
Regular Market Volume 1,087,173
Return On Assets 0.09126
Return On Equity 0.74097997
Revenue Growth -0.102
Revenue Per Share 76.914
Sand P52 Week Change 0.20847368
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 9
Shares Outstanding 214,643,903
Shares Percent Shares Out 0.0216
Shares Short 4,644,849
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 4,564,344
Short Name Targa Resources, Inc.
Short Percent Of Float 0.0253
Short Ratio 3.7
Source Interval 15
State TX
Symbol TRGP
Target High Price 331.0
Target Low Price 245.0
Target Mean Price 288.7619
Target Median Price 289.0
Total Cash 100,100,000
Total Cash Per Share 0.466
Total Debt 19,131,799,552
Total Revenue 16,561,500,160
Tradeable 0
Trailing Annual Dividend Rate 4.25
Trailing Annual Dividend Yield 0.0155478325
Trailing Eps 9.79
Trailing P E 28.539326
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 214.21715
Two Hundred Day Average Change 65.182846
Two Hundred Day Average Change Percent 0.30428398
Type Disp Equity
Volume 1,087,173
Website https://www.targaresources.com
Zip 77,002