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TRGP

Targa Resources Corp. (TRGP)

$

180.72

-25.00 (-13.83%)


Key metrics

Financial statements



Technology

Technology

Technology – consumer electronics

Largecap

Largecap

With a market cap of 121,78 bil stock is ranked 1

Low risk

Low risk

ISS score of this stock is ranked 1


Company description

Profile

Targa Resources Corp., along with its subsidiary Targa Resources Partners LP, manages a diverse portfolio of midstream energy assets across North America. The company operates through two principal segments: Gathering and Processing, and Logistics and Transportation. Its activities encompass gathering, compressing, treating, processing, transporting, and selling natural gas, as well as storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and related products, which includes providing services for liquefied petroleum gas exporters. Targa also engages in gathering, storing, terminaling, purchasing, and selling crude oil while participating in the buying and reselling of NGL products. The company further handles the wholesale distribution of propane and offers logistics services to multi-state and independent retailers alongside other end-users. Targa's operations extend to providing NGL balancing services and transportation services specifically tailored for refineries and petrochemical firms in the Gulf Coast region, alongside the marketing and resale of natural gas. In terms of scale, the company operates approximately 28,400 miles of natural gas pipelines and maintains 42 processing plants, with ownership or operation of 34 storage wells boasting a gross storage capacity of about 76 million barrels. As of December 31, 2021, Targa leased and managed around 648 railcars, 119 transport tractors, and two pressurized NGL barges. The gross profit stands at $4,255,500,000.00 highlighting the company's profitability from core operations. The net total of other income and expenses is -$757,400,000.00 reflecting non-core financial activities. The operating income ratio is 0.16 indicating the company's operational profitability margin, while reported depreciation and amortization expenses amount to $1,423,000,000.00 reflecting the wear and tear of its assets. The financial data pertains to the fiscal year 2024. In the financial landscape, the stock is reasonably priced at $199.95 appealing to a broad range of investors. It exhibits a high average trading volume of 1,680,488.00 indicating strong liquidity in the market. With a mid-range market capitalization of $39,416,297,040.00 the company demonstrates steady performance within its sector. Targa Resources is a key player in the Oil & Gas Midstream industry, which contributes significantly to the overall market landscape. Moreover, it belongs to the Energy sector, driving both innovation and growth in the energy sector.

What is Targa Resources Corp. (TRGP)'s current stock price?

The current stock price of Targa Resources Corp. (TRGP) is $171.72 as of 2025-04-04. Prices may fluctuate during the trading day. For real-time updates, check your brokerage platform or financial news websites.

Investing in Targa Resources Corp. (TRGP) depends on multiple factors, including revenue growth, profit margins, debt-to-equity ratio, earnings per share, and return on equity. Analysts have rated it as B, with a Bearish outlook. Always conduct your own research before investing.

Analysts predict Targa Resources Corp. stock to fluctuate between $110.09 (low) and $218.51 (high) in the next 365 days, reflecting market expectations and potential volatility.

As of 2025-04-04, Targa Resources Corp.'s market cap is $39,416,297,040, based on 218,107,000 outstanding shares.

Compared to Exxon Mobil Corporation, Targa Resources Corp. has a Lower Market-Cap, indicating a difference in performance.

Targa Resources Corp. pays dividends. The current dividend yield is 1.52%, with a payout of $0.75 per share.

To buy Targa Resources Corp. (TRGP) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for TRGP. Place an order (Market, Limit, etc.).

The best time to invest depends on market trends and technical indicators, which show a Bearish trend based on economic conditions and company performance.

Revenue: $16,381,500,000 | EPS: $5.81 | Growth: 57.45%.

Visit https://www.targaresources.com/investor-relations for detailed financial reports.

You can explore historical data from here

All-time high: $218.51 (2025-01-22) | All-time low: $26.97 (2021-02-01).

Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.


News

TRGP

seekingalpha.com

Targa Resources May Still Interest Growth Investors

Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa's stock price is up over 50% in less than a year, but the company has good growth projects underway.

TRGP

zacks.com

Targa Resources Q4 Earnings Miss Estimates, Revenues Increase Y/Y

TRGP's adjusted EBITDA for the fourth quarter totaled $1.1 billion, up from $959.9 million in the prior-year period.

TRGP

zacks.com

3 Reasons Growth Investors Will Love Targa Resources (TRGP)

Targa Resources (TRGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

TRGP

zacks.com

Targa Resources (TRGP) Upgraded to Buy: Here's What You Should Know

Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

TRGP

globenewswire.com

Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.

TRGP

seekingalpha.com

Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript

Targa Resources Corp. (NYSE:TRGP ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - TPH Michael Blum - Wells Fargo Neal Dingmann - Truist Securities Theresa Chen - Barclays Brandon Bingham - Scotiabank Harry Mateer - Barclays Sunil Sibal - Seaport Global Operator Thank you for standing by, and welcome to Targa Resource Corp's Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

TRGP

globenewswire.com

Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2024 Financial Results, Provides Growth Outlook for 2025 and Announces Refinancing of Badlands Preferred Equity

HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported fourth quarter and full year 2024 results.

See all news

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