Targa Resources Corp. (TRGP) Stock Price & Analysis
Targa Resources Corp. (TRGP) closed at USD 289.54 on Thursday, October 22, 2026, down 2.05% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 289.54; the Oct 22, 2026 session ranged USD 281.93–297.98 on volume of 1,632,780 shares. Market capitalization is —, with a 52-week range of USD 150–307.94 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TRGP.md
Key facts (TRGP)
- Last four reported quarters (through Jun 30, 2026): revenue $16.7B, net income $2.27B (13.5% margin), free cash flow $741M (SEC filings).
- 2 of 80 tracked superinvestors hold TRGP (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.77 on a 1–5 scale) (22 analysts), mean target USD 329.81 (range 294–359).
- Total return with dividends: 1Y +88.6% vs S&P 500 +14.9%; 5Y +472.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.86, revenue estimate $4.77B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TRGP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $16.9B | $20.9B | $16.1B | $16.4B | $17.0B | $16.7B |
| Gross profit | $3.22B | $4.05B | $5.38B | $5.68B | $6.52B | — |
| Operating income | $865M | $1.73B | $2.63B | $2.70B | $3.33B | $3.84B |
| Net income | $71.2M | $1.20B | $1.35B | $1.31B | $1.92B | $2.27B |
| EPS (diluted) | -$0.07 | $3.88 | $3.66 | $5.74 | $8.49 | — |
| Free cash flow | $1.80B | $1.05B | $826M | $684M | $584M | $741M |
| Gross margin | 19.0% | 19.3% | 33.5% | 34.7% | 38.3% | — |
| Operating margin | 5.1% | 8.3% | 16.4% | 16.5% | 19.6% | 22.9% |
| Net margin | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% | 13.5% |
| Revenue growth | +105.2% | +23.5% | -23.3% | +2.0% | +3.9% | — |
| Cash + short-term investments | $159M | $219M | $142M | $157M | $166M | — |
| Total debt | $6.75B | $11.5B | $13.0B | $14.2B | $17.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TRGP)
P/E at fiscal year-ends: Dec 2025 20.8x, Dec 2024 30.1x, Dec 2023 14.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (TRGP)
2 of 80 tracked investors hold TRGP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Nygren | Oakmark Funds | 2.83% | $2.13B | Reduced -9.0% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $27K | Added +380.9% |
Analysts (TRGP)
Consensus Buy (mean 1.77 on a 1–5 scale), 22 analysts; mean target USD 329.81 (low 294, high 359).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | BMO Capital | Target raised | Outperform | $303 → $328 |
| 2026-10-13 | Citigroup | Target raised | Buy | $303 → $325 |
| 2026-10-08 | Barclays | Target raised | Overweight | $284 → $294 |
| 2026-09-21 | Truist Securities | Target raised | Buy | $312 → $345 |
| 2026-09-18 | TD Cowen | Upgrade | Hold → Buy | $275 → $350 |
| 2026-09-16 | Morgan Stanley | Target raised | Overweight | $343 → $359 |
| 2026-09-11 | Mizuho | Target raised | Outperform | $300 → $320 |
| 2026-09-10 | Scotiabank | Target raised | Sector Outperform | $257 → $314 |
| 2026-09-02 | Wells Fargo | Target raised | Overweight | $282 → $324 |
| 2026-08-27 | RBC Capital | Target raised | Outperform | $312 → $338 |
| 2026-08-18 | Jefferies | Target raised | Buy | $324 → $345 |
| 2026-08-18 | Morgan Stanley | Target raised | Overweight | $333 → $343 |
Total return (dividends reinvested) (TRGP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +88.6% | +472.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +89.0% | +41.6% |
| Volatility (annualized) | 28.3% | 32.1% |
| Max drawdown | -10.6% (Aug 2026→Sep 2026) | -30.0% (Jan 2025→Oct 2025) |
Companies that name TRGP in their SEC reports
| Relationship to TRGP | Company | Filing | Sentence |
|---|---|---|---|
| supplier | AMERICAN SUPERCONDUCTOR CORP /DE/ (AMSC) | 10-K May 27, 2026 | “We have served over 100 customers in the grid market since our inception, including a variety of U.S based power utilities, Huntington Ingalls Shipbuilding, Innomotics LLC, the U.S. Navy, Capital Power Corp., Targa Resources Corp., Micron Technology Inc., SSE plc in the United Kingdom, Consolidated Power Projects (Pty) Ltd in South Africa, the Royal Canadian Navy in Canada, Fuji Bridex in Singapore, Copel Distribu…” |
| partner | Hess Midstream LP (HESM) | 10-K Feb 25, 2026 | “On January 25, 2018, we entered into a 50/50 joint venture with Targa Resources Corp. ("Targa") to construct a new 200 MMcf/d gas processing plant called Little Missouri 4 ("LM4").” |
TRGP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.86 | $2.78 | +2.9% | $4.77B | 3 |
| Next quarter (ends Dec 2026) | $2.94 | $3.02 | -2.6% | $5.15B | 3 |
| Current fiscal year (ends Dec 2026) | $11.51 | $11.21 | +2.7% | $19.05B | 5 |
| Next fiscal year (ends Dec 2027) | $12.12 | $11.93 | +1.6% | $24.00B | 5 |
TRGP options: expected move
Options price a move of about ±8.1% (±$23.35) by Nov 20, 2026, which includes earnings on Nov 5, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 35.8% | ±8.1% |
| Dec 18, 2026 | 56 | 34.1% | ±10.7% |
| Jan 15, 2027 | 84 | 33.4% | ±12.8% |
| Mar 19, 2027 | 147 | 33.0% | ±16.7% |
| Apr 16, 2027 | 175 | 32.5% | ±18.0% |
| Jun 17, 2027 | 237 | 32.8% | ±20.9% |
| Sep 17, 2027 | 329 | 32.9% | ±24.6% |
30-day implied volatility 33.9% vs 25.9% realized over the last 30 trading days. Put/call ratio (volume) 0.69. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 289.54 |
|---|---|
| Change | ▼ 2.05% (down) |
| Previous Close | USD 289.54 |
| Open | USD 289.54 |
| Day Range | USD 281.93 – 297.98 |
| 52-Week Range | USD 150 – 307.94 |
| Volume | 1,632,780 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (TRGP)
Nexqual's technical model rates TRGP "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 51.04 (neutral) |
| vs SMA50 | Above (USD 287.82) |
| MACD | 2.21 (positive) |
Analyst Ratings (TRGP)
Wall Street analysts rate TRGP "Buy" based on 22 analysts, with a mean price target of USD 329.81 (range USD 294–359), per Nexqual as of October 23, 2026 at 09:27 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 329.81 |
| High Target | USD 359 |
| Low Target | USD 294 |
| Buy / Hold / Sell | 21 / 1 / 0 |
Earnings (TRGP)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 2.86 |
| Revenue Estimate | $4.77B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.25 vs est 2.84 ▲ beat |
| 2026-03-31 | USD 2.76 vs est 2.57 ▲ beat |
| 2025-12-31 | USD 2.69 vs est 2.4 ▲ beat |
| 2025-09-30 | USD 2.41 vs est 2.18 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (TRGP)
| Total Revenue | $16.74B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.20% |
| Gross Margin | +43.19% |
| Operating Margin | +27.80% |
| Profit Margin | +13.54% |
| ROE | +70.84% |
| Debt / Equity | 5.16 |
| Current Ratio | 0.77 |
| Total Cash | $132.30M |
| Total Debt | $19.58B |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (TRGP)
| Insider Ownership | +1.38% |
|---|---|
| Institutional Ownership | +97.64% |
| Shares Outstanding | 214.43M |
| Float | 211.00M |
| Short % of Float | +2.90% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TRP | TC Energy Corporation | USD 61.98 | ▼ 0.53% |
| MPLX | MPLX LP | USD 58.18 | ▼ 0.44% |
| OKE | ONEOK, Inc. | USD 93.9 | ▲ 0.84% |
| LNG | Cheniere Energy, Inc. | USD 287.01 | ▲ 0.98% |
| KMI | Kinder Morgan, Inc. | USD 33.72 | ▼ 0.74% |
| EPD | Enterprise Products Partners L. | USD 36.52 | ▼ 0.19% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt