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Targa Resources Corp. (TRGP)

Energy | Oil & Gas Midstream | Houston, United States | NYSE
287.82 USD -1.13 (-0.391%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 287.82
Short-term:★★★★⯪Long-term:★★★★☆Dividends:★★★⯪☆
Hot Take ↕ | Aug. 22, 2026, 5:04 a.m. EDT

Targa Resources presents a compelling case for capital appreciation driven by robust earnings expansion and exceptional return on equity, though investors should monitor the elevated leverage levels. The stock has rallied significantly over the past fortnight, aligning with speculative positioning that targets the $300 to $330 resistance zone. While the dividend yield is modest, the consistent payout growth demonstrates management confidence in cash flow sustainability. Long-term holders benefit from the company's dominant market position and superior profitability metrics, despite the slower pace of top-line revenue growth compared to peers.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.033992
AutoARIMA0.048396
AutoETS0.048396
MSTL0.051247

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 45%
H-stat 4.18
Ljung-Box p 0.000
Jarque-Bera p 0.325
Excess Kurtosis -1.08
Attribute Value
Sector Energy
Ex Dividend Date 2026-07-30
Last Dividend Date 2026-07-30
Debt to Equity Ratio 515.794
Revenue per Share 77.922
Market Cap 61,717,540,864
Trailing P/E 27.52
Forward P/E 23.83
Beta 0.72
Profit Margins 13.54%
Website https://www.targaresources.com

As of Aug. 22, 2026, 5:04 a.m. EDT: Call volume and open interest concentrate heavily near the current price level ($300-$330), with significant walls at $330 and $340, signaling bullish speculation for continued upside. Put open interest clusters lower ($250-$260), indicating defensive positioning rather than aggressive downside bets. Implied volatility remains moderate, reflecting standard sector expectations.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.46% 2.09% 2.16% 2.10%
Dividend History
Date Dividend Yield %
2026-07-31 1.250 0.462329
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 5.0
dividendYield 1.73
exDividendDate 2026-07-31
trailingAnnualDividendRate 4.5
trailingAnnualDividendYield 0.015573628
lastDividendValue 1.25
lastDividendDate 2026-07-31
dividendDate 2026-08-14

Info Dump

Attribute Value
52 Week Change 0.73314536
Address1 811 Louisiana Street
Address2 Suite 2100
All Time High 307.94
All Time Low 3.66
Ask 289.77
Ask Size 200
Audit Risk 3
Average Analyst Rating 1.5 - Buy
Average Daily Volume10 Day 1,451,270
Average Daily Volume3 Month 1,239,111
Average Volume 1,239,111
Average Volume10Days 1,451,270
Beta 0.716
Bid 286.0
Bid Size 200
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 287.82
Current Ratio 0.771
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 290.385
Day Low 287.78
Debt To Equity 515.794
Display Name Targa Resources
Dividend Date 1,786,665,600
Dividend Rate 5.0
Dividend Yield 1.73
Earnings Call Timestamp End 1,786,028,400
Earnings Call Timestamp Start 1,786,028,400
Earnings Growth 0.233
Earnings Quarterly Growth 0.215
Earnings Timestamp 1,786,019,400
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda 5,497,699,840
Ebitda Margins 0.32839
Enterprise To Ebitda 14.788
Enterprise To Revenue 4.856
Enterprise Value 81,302,437,888
Eps Current Year 11.49723
Eps Forward 12.07959
Eps Trailing Twelve Months 10.46
Esg Populated 0
Ex Dividend Date 1,785,456,000
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 274.514
Fifty Day Average Change 13.306
Fifty Day Average Change Percent 0.048471116
Fifty Two Week Change Percent 73.31454
Fifty Two Week High 307.94
Fifty Two Week High Change -20.119995
Fifty Two Week High Change Percent -0.06533739
Fifty Two Week Low 144.14
Fifty Two Week Low Change 143.68001
Fifty Two Week Low Change Percent 0.9968087
Fifty Two Week Range 144.14 - 307.94
Financial Currency USD
First Trade Date Milliseconds 1,291,732,200,000
Five Year Avg Dividend Yield 1.72
Float Shares 211,000,125
Forward Eps 12.07959
Forward P E 23.82697
Free Cashflow 65,837,500
Full Exchange Name NYSE
Full Time Employees 3,570
Fullday Change -1.13
Fullday Change Percent -0.391073
Fullday Price 287.82
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.43192002
Gross Profits 7,231,000,064
Has Pre Post Market Data 1
Held Percent Insiders 0.01375
Held Percent Institutions 0.97473
Implied Shares Outstanding 214,431,021
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 1,785,456,000
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 61,717,540,864
Market State CLOSED
Max Age 86,400
Message Board Id finmb_39153321
Most Recent Quarter 1,782,777,600
Net Income To Common 2,255,300,096
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 61,959,843,517
Number Of Analyst Opinions 21
Open 289.69
Operating Cashflow 4,285,499,904
Operating Margins 0.27803
Overall Risk 6
Payout Ratio 0.4063
Peg Ratio 1.25
Phone 713 584 1000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 287.82
Post Market Time 1,787,959,804
Previous Close 288.95
Price Eps Current Year 25.033857
Price Hint 2
Price To Book 19.704252
Price To Sales Trailing12 Months 3.6865
Profit Margins 0.13545
Quick Ratio 0.611
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.52174
Region US
Regular Market Change -1.13
Regular Market Change Percent -0.391073
Regular Market Day High 290.385
Regular Market Day Low 287.49
Regular Market Day Range 287.49 - 290.385
Regular Market Open 289.69
Regular Market Previous Close 288.95
Regular Market Price 287.82
Regular Market Time 1,787,947,203
Regular Market Volume 805,544
Return On Assets 0.09237
Return On Equity 0.70839995
Revenue Growth 0.042
Revenue Per Share 77.922
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 9
Shares Outstanding 214,431,021
Shares Percent Shares Out 0.0231
Shares Short 4,961,455
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 4,162,578
Short Name Targa Resources, Inc.
Short Percent Of Float 0.0271
Short Ratio 4.36
Source Interval 15
State TX
Symbol TRGP
Target High Price 351.0
Target Low Price 257.0
Target Mean Price 308.09525
Target Median Price 310.0
Total Cash 132,300,000
Total Cash Per Share 0.617
Total Debt 19,577,999,360
Total Revenue 16,741,499,904
Tradeable 0
Trailing Annual Dividend Rate 4.5
Trailing Annual Dividend Yield 0.015573628
Trailing Eps 10.46
Trailing P E 27.516253
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 234.315
Two Hundred Day Average Change 53.505005
Two Hundred Day Average Change Percent 0.22834648
Type Disp Equity
Volume 805,544
Website https://www.targaresources.com
Zip 77,002