Stock AnalizTarga Resources Corp. TRGP
Natural Gas Distribution · IPO 2010 · data as of November 13, 2026
Targa Resources Corp. (TRGP) is a utility company listed in the US with a market value of about $63.8B. In the twelve months to September 30, 2026 it had revenue of $18.2B and net income of $2.4B, a net margin of 13.5%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is value (0/5).
Key numbers: a P/E of 26.3, a price to free cash flow of 68.3, 5-year revenue growth of 16% a year, a 5-year average ROIC of 12%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 42% below the current price.
Score: 2.0 / 5
Checks passed
- Profit margin improving
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- ROE above 15%
- Positive free cash flow
- Interest covered more than 5 times
- Pays a dividend
- Share count down over 3 years (buybacks)
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.2B | $17.0B | $16.4B | $16.1B | $20.9B | $16.9B | $8.3B | $8.7B | $10.5B | $8.8B | $6.7B |
| Net income | $2.4B | $1.9B | $1.3B | $1.3B | $1.2B | $71M | -$1.6B | -$209M | $2M | $54M | -$187M |
| Free cash flow | $934M | $584M | $684M | $826M | $1.0B | $1.8B | $793M | -$1.5B | -$2.0B | -$358M | $275M |
| EPS (diluted) | $11.30 | $8.49 | $5.74 | $3.66 | $3.88 | $-0.07 | $-7.26 | $-1.44 | $-0.53 | $-0.31 | $-1.80 |
| Net margin | 13.5% | 11.3% | 8.0% | 8.4% | 5.7% | 0.4% | -18.8% | -2.4% | 0.0% | 0.6% | -2.8% |
| ROIC | — | 12.7% | 12.8% | 13.5% | 11.2% | 9.7% | -10.5% | 1.2% | 1.7% | -0.9% | 0.3% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $331.00, 11% above the current price; targets range from $294.00 to $362.00; the consensus rating is “Strong buy”; expected EPS is $11.85 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Targa Resources’s P/E ratio?
About 26.3, based on the last twelve months of diluted earnings per share (forward P/E about 24.5).
Is Targa Resources stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 42% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Targa Resources pay a dividend?
Yes. The dividend yield is about 1.71%, and it has paid dividends for 10 years in our data.
Is Targa Resources a good stock to buy?
We do not give buy or sell advice. Targa Resources scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.