TRGP
Energy · Oil & Gas Midstream
Performance
TRGP (TRGP) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
TRGP (TRGP) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $55.6B, it qualifies as a mid-cap company. Revenue has been contracting year-over-year, a headwind that investors will watch closely in upcoming earnings.
- Forward P/E (21.1×) is lower than trailing P/E (26.5×) — analysts expect earnings to improve
- Earnings grew 143% YoY — bottom-line is expanding fast
- Healthy profit margin of 12.9%
- ROE of 74.1% shows management efficiently converts equity into profit
- P/E of 26.5× is above average — valuation requires continued strong growth to justify
- Revenue declined 10% YoY — warning sign for business momentum
- High debt-to-equity of 585.25× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.72×) — short-term liabilities exceed current assets
Verdict
Hold
Mixed signals — strengths and risks roughly balance. Wait for a clearer catalyst.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
1.62%
5Y Avg Annual
$2.4000
Last Payment
$1.2500
Ex-Date
04/30/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest04/30/2026 | 05/15/2026 | $1.2500 | 1.93% |
01/30/2026 | 02/14/2026 | $1.0000 | 1.54% |
10/31/2025 | 11/15/2025 | $1.0000 | 1.54% |
07/31/2025 | 08/15/2025 | $1.0000 | 1.54% |
04/30/2025 | 05/15/2025 | $1.0000 | 1.54% |
01/31/2025 | 02/15/2025 | $0.7500 | 1.16% |
10/31/2024 | 11/15/2024 | $0.7500 | 1.16% |
07/31/2024 | 08/15/2024 | $0.7500 | 1.16% |
Magic Number
Shares needed to self-fund your next purchase
$259.24
Price
$1.2500
Last div. (quarterly)
208
shares
Own 208 TRGP shares ($53,921.92) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$53,921.92
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
Next Earnings
Aug 6, 2026
51
days
EPS (TTM)
$9.78
P/E (TTM)
26.5
Fwd P/E
21.1
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $259.24
Graham Number
√(22.5 × EPS × Book Value)
$56.08
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$33.83
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
7/10
70% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
74.1%Return on equity — measures how efficiently capital is used
Positive profit margin
12.9%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
-10.2%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+142.9%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
585.25×Low financial leverage reduces risk of distress
Current ratio above 1
0.72×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$332M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
1.62%Stock must distribute income to shareholders
Related Assets
Energy
About TRGP
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.
Sector
Energy
Industry
Oil & Gas Midstream
Location
Houston, United States
Employees
3,570