Targa Resources
TRGP
283.96
-1.76
-0.62%
Targa Resources
US · TRGP
#365 by market cap
Listed 1970
283.96
-1.76
-0.62%
Live - 5344 symbols - heartbeat 76s ago
· 2026-10-08 05:24
Pre-market
284.67
+0.25%
After-hours
283.96
0.00%
- Market cap
- 60.89B
- P/E (TTM)i
- 27.15
- P/Bi
- 16.65
- EPSi
- 8.49
- Div yieldi
- 1.50%
- 52W posi
- 86%
Reader sentiment
Are you bullish or bearish on TRGP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.84, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +3.95% YoY
Margins
- Gross margin
- 29.39%
- Operating margin
- 19.56%
- Net margin
- 10.81%
Key ratios & quality
- Enterprise valuei
- 77.90B
- PEG ratioi
- 1.58
- Altman Z-Scorei
- 2.84
PEG uses trailing P/E against the 3-year net income growth rate (17.17%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.48B | 8.67B | 8.26B | 16.95B | 20.93B | 16.06B | 16.38B | 17.03B |
| Gross profit | 1.43B | 1.49B | 2.21B | 2.35B | 2.95B | 4.05B | 4.26B | 5.01B |
| Selling & admin expenses | 256.90M | 280.70M | 254.60M | 273.20M | 309.70M | 348.70M | 384.90M | 406.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 447.40M | 507.20M | 1.25B | 1.32B | 1.73B | 2.63B | 2.70B | 3.33B |
| Pretax profit | 65.90M | -46.70M | -1.57B | 436.90M | 1.66B | 1.94B | 1.94B | 2.49B |
| Tax | 5.50M | -87.90M | -248.10M | 14.80M | 131.80M | 363.20M | 384.50M | 529.70M |
| Net profit | 60.40M | 41.20M | -1.33B | 422.10M | 1.53B | 1.58B | 1.55B | 1.96B |
| Basic EPS | -1 | -1 | -7 | 0 | 4 | 4 | 6 | 9 |
| Diluted EPS | -0.53 | -1.44 | -7.26 | -0.07 | 3.88 | 3.66 | 5.74 | 8.49 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.56B | 4.26B | 4.15B | 4.06B | 4.09B | 4.44B |
| Gross profit | 936.10M | 1.45B | 1.26B | 1.36B | 1.27B | 1.69B |
| Selling & admin expenses | 94.50M | 95.00M | 104.80M | 111.70M | 107.80M | 108.10M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 543.30M | 1.03B | 836.90M | 917.40M | 846.90M | 1.23B |
| Pretax profit | 352.00M | 821.30M | 620.90M | 692.20M | 611.30M | 1.00B |
| Tax | 72.20M | 184.10M | 134.30M | 139.10M | 123.90M | 227.20M |
| Net profit | 279.80M | 637.20M | 486.60M | 553.10M | 487.40M | 777.70M |
| Basic EPS | 1 | 3 | 2 | 3 | 2 | 4 |
| Diluted EPS | 0.91 | 2.87 | 2.20 | 2.54 | 2.21 | 3.54 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.42B | 1.66B | 1.46B | 1.77B | 2.36B | 2.19B | 2.30B | 2.36B |
| Cash & ST investments | 232.10M | 331.10M | 242.80M | 158.50M | 219.00M | 141.70M | 157.30M | 166.10M |
| Inventory | 164.70M | 161.50M | 181.50M | 153.40M | 393.80M | 371.50M | 334.30M | 429.30M |
| Total assets | 16.94B | 18.82B | 15.88B | 15.21B | 19.56B | 20.67B | 22.73B | 25.22B |
| Total current liabilities | 2.80B | 1.87B | 1.78B | 2.30B | 3.07B | 2.76B | 3.17B | 3.55B |
| Short-term debt | 1.03B | 382.20M | 368.60M | 162.80M | 834.30M | 620.70M | 387.70M | 770.10M |
| Long-term debt | 5.63B | 7.41B | 7.37B | 6.42B | 10.51B | 12.09B | 13.55B | 16.40B |
| Total liabilities | 9,467,400,000.00 | 10,372,200,000.00 | 9,972,500,000.00 | 10,029,500,000.00 | 14,577,800,000.00 | 16,061,800,000.00 | 18,315,900,000.00 | 22,020,200,000.00 |
| Total equity | 7.47B | 8.44B | 5.90B | 5.18B | 4.98B | 4.61B | 4.42B | 3.20B |
| Retained earnings | -130.40M | -339.60M | -1.89B | -1.82B | -626.80M | 492.00M | 1.19B | 2.29B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.08B | 2.21B | 2.28B | 2.36B | 2.44B | 2.63B |
| Cash & ST investments | 151.40M | 113.10M | 124.10M | 166.10M | 100.10M | 132.30M |
| Inventory | 256.20M | 443.50M | 490.70M | 429.30M | 334.40M | 311.70M |
| Total assets | 22.80B | 23.51B | 24.17B | 25.22B | 27.11B | 28.52B |
| Total current liabilities | 3.20B | 3.18B | 2.95B | 3.55B | 3.40B | 3.41B |
| Short-term debt | 660.40M | 768.20M | 689.30M | 770.10M | 696.90M | 558.00M |
| Long-term debt | 15.31B | 15.84B | 16.47B | 16.40B | 18.19B | 18.33B |
| Total liabilities | 20,227,800,000.00 | 20,801,400,000.00 | 21,341,000,000.00 | 22,020,200,000.00 | 23,838,300,000.00 | 24,719,400,000.00 |
| Total equity | 2.57B | 2.71B | 2.83B | 3.20B | 3.27B | 3.80B |
| Retained earnings | 1.30B | 1.71B | 1.97B | 2.29B | 2.56B | 3.05B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.14B | 1.39B | 1.74B | 2.30B | 2.38B | 3.21B | 3.65B | 3.92B |
| Depreciation & amortization | 815.90M | 971.60M | 865.10M | 870.60M | 1.10B | 1.33B | 1.42B | 1.52B |
| Free cash flow | -1.97B | -1.49B | 792.90M | 1.80B | 1.05B | 826.20M | 683.90M | 584.10M |
| Dividends paid | -919.60M | -964.80M | -395.90M | -187.50M | -379.70M | -427.30M | -615.50M | -818.30M |
| Stock buybacks / issuance | 685.00M | -13.90M | -97.40M | -53.20M | -224.80M | -373.70M | -754.70M | -641.80M |
| Ending cash balance | 232.10M | 331.10M | 242.80M | 158.50M | 219.00M | 141.70M | 157.30M | 166.10M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 954.40M | 858.30M | 599.20M | 1.51B | 739.50M | 1.44B |
| Depreciation & amortization | 367.60M | 373.70M | 383.50M | 390.50M | 426.00M | 453.10M |
| Free cash flow | 162.20M | -47.80M | -72.60M | 542.30M | -160.00M | 431.20M |
| Dividends paid | -167.20M | -218.40M | -216.90M | -215.80M | -218.90M | -269.70M |
| Stock buybacks / issuance | -124.90M | -324.30M | -155.60M | -37.00M | -55.00M | -80.10M |
| Ending cash balance | 151.40M | 113.10M | 124.10M | 166.10M | 100.10M | 132.30M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -1.95 | -6.07 | -44.48 | -0.69 | 38.35 | 30.92 | 47.98 | 65.06 |
| ROA %i | -0.76 | -1.87 | -9.71 | -0.10 | 5.16 | 4.15 | 5.89 | 7.68 |
| ROIC %i | -1.00 | -2.62 | -14.50 | 3.76 | 11.43 | 9.31 | 11.62 | 13.42 |
| 5-year avg ROE %i | 12.00 | -2.05 | -12.38 | -10.86 | -2.97 | 3.55 | 14.29 | 36.20 |
| EBIT margin %i | 4.27 | 5.85 | 15.17 | 4.87 | 10.08 | 16.38 | 16.51 | 19.61 |
| FCF / sales %i | -- | -- | 9.60 | 10.61 | 5.00 | 5.14 | 4.17 | 3.43 |
| Current ratioi | 0.51 | 0.89 | 0.82 | 0.77 | 0.77 | 0.79 | 0.72 | 0.67 |
| Quick ratioi | 0.39 | 0.63 | 0.62 | 0.65 | 0.53 | 0.58 | 0.56 | 0.46 |
| Debt / assetsi | 39.32 | 41.83 | 49.14 | 43.61 | 59.13 | 62.94 | 62.75 | 69.48 |
| LT debt / equityi | 92.65 | 152.16 | 280.09 | 321.55 | 402.55 | 452.23 | 535.31 | 546.04 |
| Interest coveragei | -- | -- | -- | 2.13 | 4.73 | 3.82 | 3.53 | 3.92 |
| Revenue CAGR (3Y) %i | 16.34 | 9.03 | -2.14 | 17.37 | 34.14 | 24.81 | -1.13 | -6.65 |
| Net income CAGR (3Y) %i | -69.84 | -- | -- | 254.37 | -- | -- | 164.13 | 17.17 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 1.38 | -27.54 | -17.67 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 46.71 | 60.71 | 61.54 | 65.06 | 75.92 | 72.27 |
| ROA %i | 5.52 | 6.85 | 7.05 | 7.68 | 8.50 | 8.67 |
| ROIC %i | 6.98 | 12.10 | 12.22 | 13.42 | 10.36 | 13.90 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.93 | 17.69 | 18.03 | 19.61 | 22.00 | 22.88 |
| FCF / sales %i | 3.90 | 2.50 | 3.70 | 3.43 | 1.58 | 4.43 |
| Current ratioi | 0.65 | 0.69 | 0.77 | 0.67 | 0.72 | 0.77 |
| Quick ratioi | 0.49 | 0.48 | 0.52 | 0.46 | 0.53 | 0.61 |
| Debt / assetsi | 71.09 | 71.67 | 72.11 | 69.48 | 70.58 | 68.66 |
| LT debt / equityi | 634.29 | 621.39 | 618.52 | 546.04 | 587.75 | 520.17 |
| Interest coveragei | -- | 3.88 | 3.85 | 3.92 | -- | 4.25 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Logistics and Transportation is the largest reported line at 78.74% of revenue, across 4 reported segments.
- The next-largest line, Gathering and Processing, is a distant second at 29.51% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Logistics and Transportation78.74%
Gathering and Processing29.51%
Other2.32%
Quote time 2026-10-08 05:24:48 · For reference only, not investment advice and not tailored to your situation.