Full history for every metric is available with a Kvantra account
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $bn | 8.3 | 17.4 | 21.7 | 15.6 | 16.6 | 17.1 | 18.2 | 19.0 |
| Operating profit | $bn | 3.45 | 4.09 | ||||||
| Net profit | $bn | -1.55 | 0.07 | 1.14 | 0.83 | 1.27 | 1.84 | 2.45 | 2.41 |
| EPS reported | $ | 8.52 | 11.34 | ||||||
| Operating cashflow per share | $ | 18.22 | 23.55 | ||||||
| Capex per share | $ | 15.50 | 19.20 | ||||||
| FCF per share | $ | 2.72 | 4.35 | ||||||
| Free cash flow | $bn | 0.58 | 0.93 | ||||||
| Net debt | $bn | 16.9 | 18.9 | ||||||
| Book value equity | $bn | 3.07 | 3.82 | ||||||
| Book value per share | $ | 14.27 | 17.73 | ||||||
| Number of shares | m | 215 | 215.2 | ||||||
| DPS (TTM paid) | $ | 3.75 | 4.75 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 21.65 | 24.81 | ||||||
| P/B LTM | x | 12.93 | 15.81 | ||||||
| P/S LTM | x | 2.31 | 3.32 | ||||||
| P/FCF LTM | x | 67.91 | 64.60 | ||||||
| EV/EBITDA LTM | x | 11.75 | 15.48 | ||||||
| EV/Sales LTM | x | 3.33 | 4.36 | ||||||
| Earnings Yield LTM | % | 4.62% | 4.03% | ||||||
| FCF Yield | % | 1.47% | 1.55% | ||||||
| Quality | |||||||||
| ROE | % | 60.12% | 71.58% | ||||||
| ROIC | % | 12.07% | 14.39% | ||||||
| Operating margin | % | 20.11% | 22.51% | ||||||
| Gross margin | % | 26.51% | 39.48% | ||||||
| FCF/Sales | % | 3.41% | 5.13% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +48.43% | +52.42% | ||||||
| Sales Growth YoY | % | +3.06% | +4.02% | ||||||
| Net Income Growth YoY | % | +45.29% | +48.29% | ||||||
| FCF Growth | % | -14.59% | +45.27% | ||||||
| Operating Profit Growth | % | +17.08% | +26.78% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 2.06% | 1.69% | ||||||
| Dividend Growth | % | +36.36% | +26.67% | ||||||
| Payout Ratio | % | 44.67% | 28.88% | ||||||
| FCF/Debt | x | 0.03 | 0.05 | ||||||
| Net Debt/EBITDA | x | 3.58 | 3.85 | ||||||
| EBIT/Net interest | x | 4.04 | 5.97 | ||||||
| Net debt/market cap | % | 42.64% | 31.34% | ||||||
| Net debt/Equity | x | 5.51 | 4.95 | ||||||
| Gross debt/equity | x | 5.72 | 5.20 | ||||||
ETFs that hold Targa Resources
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares Russell Mid-Cap Growth ETF | IWP | 6 | 1.82% |
| Global X - MLP & Energy Infrastructure ETF | MLPX | 4 | 7.84% |
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | SMIG | 6 | 4.00% |
| Invesco Dorsey Wright Momentum ETF | PDP | 3 | 2.81% |
| NBI Global Real Assets Income Fund | NREA.TO | 8 | 8.13% |
| iShares Global Infrastructure Index ETF | CIF.TO | 3 | 4.65% |
| MLP & Energy Infrastructure High Income ETF | MLPI | 9 | 4.75% |
| Tortoise North American Pipeline ETF | TPYP | 5 | 7.25% |
| Invesco S&P 500 Equal Weight Energy ETF | RSPG | 9 | 4.69% |
| Tortoise Capital Series Trust - Energy Fund | TNGY | 4 | 8.03% |
Funds with Targa Resources among their ten largest holdings, largest fund first.
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares Russell Mid-Cap Growth ETF | IWP | 6 | 1.82% |
| Global X - MLP & Energy Infrastructure ETF | MLPX | 4 | 7.84% |
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | SMIG | 6 | 4.00% |
| Invesco Dorsey Wright Momentum ETF | PDP | 3 | 2.81% |
| NBI Global Real Assets Income Fund | NREA.TO | 8 | 8.13% |
| iShares Global Infrastructure Index ETF | CIF.TO | 3 | 4.65% |
| MLP & Energy Infrastructure High Income ETF | MLPI | 9 | 4.75% |
| Tortoise North American Pipeline ETF | TPYP | 5 | 7.25% |
| Invesco S&P 500 Equal Weight Energy ETF | RSPG | 9 | 4.69% |
| Tortoise Capital Series Trust - Energy Fund | TNGY | 4 | 8.03% |
Funds with Targa Resources among their ten largest holdings, largest fund first.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
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