Targa Resources Corp.
TRGPNYSE · SIC 4922
$282.91
↑ +0.9%Jul 17 close · end-of-day
Price
1Y↑ +74.3%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$61.0B
Enterprise Value
$79.3B
P/E
28.9
P/S
3.7
P/B
19.4
EV/EBITDA
15.2
PEG
1.0
FCF Yield
0.4%
Dividend Yield
1.4%
Revenue (TTM)
$16.6B
Net Income (TTM)
$2.1B
Free Cash Flow (TTM)
$261.9M
Gross Margin
—
Operating Margin
21.9%
Net Margin
12.9%
ROE
68.0%
ROIC
13.3%
Debt / Equity
5.9
Net Cash
-$18.3B
Return 1Y
+73.8%
Company profile
Targa Resources Corp. owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants. As of December 31, 2021, the company leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges.
- CEO
- Matthew J. Meloy
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Utilities
- Employees
- 2,850
- Headquarters
- Texas
- Website
- targaresources.com
Management & directors
- Meloy Matthew JChief Executive Officer
- Muraro RobertChief Commercial Officer
- Branstetter Benjamin JamesSee Remarks
- Mcdonie Patrick J.See Remarks
- Pryor D. ScottSee Remarks
- Kneale Jennifer R.President
- Byers William A.Chief Financial Officer
- Eklof John ChristopherSenior VP and CAO
- Shrader Gerald RSee Remarks
Roles derived from SEC Form 4 filings.
Earnings
Next earnings · estimated2026-08-06
TRGP Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$4.1B↓ -10.2%
Diluted EPS$2.21↑ +142.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $8.3B | $16.9B | $20.9B | $16.1B | $16.4B | $17.0B |
| Gross profit | — | — | — | — | — | — |
| Operating income | -$1.3B | $864.8M | $1.7B | $2.6B | $2.7B | $3.3B |
| Net income | -$1.6B | $71.2M | $1.2B | $1.3B | $1.3B | $1.9B |
| Diluted EPS | -$7.26 | -$0.07 | $3.88 | $3.66 | $5.74 | $8.49 |
| Operating cash flow | $1.7B | $2.3B | $2.4B | $3.2B | $3.6B | $3.9B |
| Free cash flow | $792.9M | $1.8B | $1.0B | $826.2M | $683.9M | $584.1M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | -15.8% | 5.1% | 8.3% | 16.4% | 16.5% | 19.6% |
| Net margin | -18.8% | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.9B | $4.4B | $4.6B | $4.3B | $4.2B | $4.1B | $4.1B |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $627.2M | $728.2M | $700.6M | $543.3M | $1.0B | $836.9M | $917.4M | $846.9M |
| Net income | $298.5M | $387.4M | $350.9M | $270.5M | $629.1M | $478.4M | $545.0M | $479.6M |
| Diluted EPS | $1.33 | $1.75 | $1.44 | $0.91 | $2.87 | $2.20 | $2.51 | $2.21 |
| Operating cash flow | $904.5M | $540.9M | $1.3B | $954.4M | $858.3M | $599.2M | $1.5B | $739.5M |
| Free cash flow | $164.2M | -$287.9M | $601.0M | $162.2M | -$47.8M | -$72.6M | $542.3M | -$160.0M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 17.6% | 18.9% | 15.9% | 11.9% | 24.3% | 20.2% | 22.6% | 20.7% |
| Net margin | 8.4% | 10.1% | 8.0% | 5.9% | 14.8% | 11.5% | 13.4% | 11.7% |
Company news
Jul 15, 2026
Jul 13, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-14 | MELOY MATTHEW J· Chief Executive Officer | Gift | 15,000 | $0.00 | $0.00 | filing |
| 2026-05-12 | CRISP CHARLES R | Sale | 10,602 | $255.96 | $2.7M | filing |
| 2026-05-12 | Chung Paul W | Gift | 6,000 | $0.00 | $0.00 | filing |
| 2026-03-05 | Muraro Robert· Chief Commercial Officer | Sale | 24,589 | $241.34 | $5.9M | filing |
| 2026-03-02 | McDonie Patrick J.· See Remarks | Sale | 30,421 | $239.33 | $7.3M | filing |
| 2026-03-02 | Branstetter Benjamin James· See Remarks | Sale | 3,158 | $238.83 | $754,225.14 | filing |
| 2026-03-02 | McDonie Patrick J.· See Remarks | Sale | 1,116 | $240.25 | $268,123.69 | filing |
| 2026-03-02 | Branstetter Benjamin James· See Remarks | Sale | 100 | $238.99 | $23,899.00 | filing |
| 2026-03-01 | Branstetter Benjamin James· See Remarks | Tax withholding | 3,542 | $235.80 | $835,203.60 | filing |
| 2026-02-26 | Cooksen Lindsey | Sale | 435 | $231.72 | $100,796.68 | filing |
| 2026-02-26 | Pryor D. Scott· See Remarks | Gift | 12,104 | $0.00 | $0.00 | filing |
| 2026-02-26 | Pryor D. Scott· See Remarks | Gift | 2,500 | $0.00 | $0.00 | filing |
| 2026-02-25 | Pryor D. Scott· See Remarks | Sale | 9,134 | $229.44 | $2.1M | filing |
| 2026-02-25 | Pryor D. Scott· See Remarks | Sale | 3,870 | $228.34 | $883,694.38 | filing |
| 2026-02-25 | Pryor D. Scott· See Remarks | Sale | 2,798 | $227.28 | $635,920.77 | filing |
| 2026-02-25 | Pryor D. Scott· See Remarks | Sale | 1,698 | $230.10 | $390,708.95 | filing |
| 2026-02-24 | Kneale Jennifer R.· President | Sale | 27,984 | $230.10 | $6.4M | filing |
| 2026-02-24 | Kneale Jennifer R.· President | Sale | 1,525 | $230.43 | $351,402.40 | filing |
| 2026-02-24 | CRISP CHARLES R | Sale | 1,359 | $229.30 | $311,618.70 | filing |
| 2026-02-24 | MELOY MATTHEW J· Chief Executive Officer | Gift | 40,000 | $0.00 | $0.00 | filing |
| 2026-02-24 | CRISP CHARLES R | Gift | 1,500 | $0.00 | $0.00 | filing |
| 2026-02-24 | JOYCE RENE R | Gift | 4,000 | $0.00 | $0.00 | filing |
| 2026-01-19 | MELOY MATTHEW J· Chief Executive Officer | Tax withholding | 51,921 | $185.35 | $9.6M | filing |
| 2026-01-19 | MELOY MATTHEW J· Chief Executive Officer | Tax withholding | 21,077 | $185.35 | $3.9M | filing |
| 2026-01-19 | Kneale Jennifer R.· President | Tax withholding | 18,342 | $185.35 | $3.4M | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.