Key facts, as of
As of November 2, 2026, Targa Resources (TRGP) trades at $295.42, up 91.8% over the past year. Its 52-week range runs from $151.78 to $316.60; the price is 6.7% below that high. It is 6.7% below its all-time high of $316.60, reached in October 2026. Over the 10 years to the end of October 2026, with dividends reinvested, it returned +969.7%, against +316.3% for the S&P 500 (SPY). It sits 13.5% above its 200-day average of $260.17, and its 50-day average is above the 200-day too: an uptrend on both averages. Its 30-day volatility is 36.0% annualized, which we rate high risk. It has a trailing P/E of 28.2 and a dividend yield of 1.59%. Targa Resources (TRGP) has confirmed its next earnings report for November 5, 2026, before the market opens (date from Yahoo Finance, listed on our November 2026 earnings calendar).
Cite: Portfolio Terminal, "Targa Resources (TRGP) stock analysis", 2026-11-02. https://portfolio-terminal.com/analyse/trgp
Where it trades today
trading 87% of the way up its 52-week range
How the price has moved
How far it is from its record
Targa Resources (TRGP) is 6.7% below its all-time high of $316.60, reached in October 2026. Over the 10 years to the end of October 2026, with dividends reinvested, it returned +969.7%, against +316.3% for the S&P 500 (SPY).
The read, from its own figures
What its numbers say
- TRGP closes above its 50-day average ($290.25), and the 50-day sits above the 200-day ($260.17): on both averages the chart reads as an uptrend.
- At $295.42, TRGP is 6.7% below its 1-year high of $316.60, set on October 30, 2026, and 95.3% above its 1-year low of $151.24 (October 31, 2025).
- Over the past month TRGP rose 4.9%, from $281.74 to $295.42.
- TRGP trades at 28.2x its last twelve months of earnings and 24.4x the next twelve months' estimate, so analysts expect earnings 15.8% higher.
- Its P/E is 62.7% above the 17.4x median of the 2 other oil & gas midstream companies we track (KMI, OKE).
- TRGP's 30-day volatility, 36.0% a year, works out to a typical daily move of about 2.3%.
- Yahoo Finance puts its beta at 0.74: over five years of monthly returns, TRGP moved about 0.74% for each 1% move of the S&P 500.
What would change the read
- A close under the 50-day average, $290.25 (−1.8% from the last close), would turn the read to a pullback; under the 200-day, $260.17 (−11.9%), the longer rise is in question.
- A close above $316.60 (+7.2%) would be a new 1-year high; below $151.24 (−48.8%), a new 1-year low.
How it is computed
- Prices are Yahoo Finance's daily candles for TRGP, the same ones the chart below draws; the P/E, forward P/E and beta are Yahoo Finance quote fields.
- The averages are simple means of the last 50 and 200 closes; the 1-year high and low are the highest high and lowest low of the last 252 sessions; the 30-day volatility is the standard deviation of the past month's daily returns, annualized with the square root of 252.
- Peers are the other companies Yahoo Finance files under oil & gas midstream among the assets we track, not a full industry screen; the median counts those with a positive P/E.
- Every sentence here is written by code from those figures, refreshed daily; nobody edits it for TRGP by hand. It describes what the price and the multiples have done, not what they will do, and it is not advice.
Sources
- Yahoo Finance quote and daily historyopen →
The candles, the averages' inputs and the quote fields used for TRGP. Last refresh: Nov 2, 2026, 7:10 PM UTC.
- How Portfolio Terminal computes its figuresopen →
The methodology page behind the analytics and their refresh cadence.
- Industry classification
Yahoo Finance's industry, as stored in our list of tracked assets: Oil & Gas Midstream.
What Targa Resources does
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as…
Employees
3,570
Industry
Oil & Gas Midstream
Headquarters
Houston, United States
What analysts expect
TRGP carries a strong buy consensus from 21 analysts, with an average price target of $330.19 versus $295.42 today (+11.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
TRGP generated $16.74B in trailing revenue (4.2% year over year), with a 13.5% net margin, and $65.84M of free cash flow, against $19.45B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $17.03B | $5.01B | $3.33B | $1.92B | $8.63 | $584.10M |
| 2024 | $16.38B | $4.26B | $2.70B | $1.31B | $5.87 | $683.90M |
| 2023 | $16.06B | $4.05B | $2.63B | $1.35B | $3.69 | $826.20M |
| 2022 | $20.93B | $2.95B | $1.73B | $1.20B | $3.95 | $1.05B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
TRGP is in 17 of the 54 ETFs we track. It weighs most in XLE: 3.04% of the fund, holding #11 of 22.
How its figures compare with those peers
Companies in the same industry
TRGP beside the other companies Yahoo Finance files under oil & gas midstream among the assets we track (KMI, OKE, largest first).
KMIKinder Morgan$32.92$73.35B
OKEONEOK Inc.$92.70$58.45BWhat the chart is saying
In an uptrend, 6.7% under its 1-year high with no resistance above.
uptrend- Price is 1.8% above its 50-day average and 13.5% above its 200-day.
- RSI at 50 is neither stretched nor washed out.
- Nothing above has stopped it this year; the nearest floor is $277.80 (-6.0%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
How is TRGP valued right now?
Targa Resources trades at 28.2 times its last twelve months of earnings and 24.4 times the next twelve months' estimate (Yahoo Finance, November 2, 2026). On the chart: in an uptrend, 6.7% under its 1-year high with no resistance above. Price is 1.8% above its 50-day average and 13.5% above its 200-day.
What is the risk level of TRGP?
Based on 30-day volatility of 36.0%, TRGP has HIGH risk. Its beta of 0.74 means it has swung less than the S&P 500 over the last five years.
Does TRGP pay dividends?
Yes, Targa Resources has a dividend yield of 1.59%.
How far is TRGP from its all-time high?
Targa Resources is 6.7% below its all-time high of $316.60, reached in October 2026. Over the 10 years to the end of October 2026, with dividends reinvested, it returned +969.7%, against +316.3% for the S&P 500 (SPY).
When does Targa Resources report earnings?
Targa Resources (TRGP) reports its next quarterly earnings on Thursday, November 5, 2026, before the market opens. The company has confirmed the date; it comes from Yahoo Finance's earnings data and is listed on the Portfolio Terminal November 2026 earnings calendar. For that quarter, the analysts' consensus Yahoo Finance reports is earnings of $2.86 per share.
Which ETFs hold TRGP?
17 of the 54 popular ETFs we track hold Targa Resources. The largest weights: XLE (3.04%), VO (0.57%), VYM (0.24%), RSP (0.20%) and IWF (0.19%). Measured on each issuer's full holdings file, dated September 30 to October 18, 2026.
How much of VOO is TRGP?
0.09%, as of September 30, 2026: TRGP is holding #197 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.88 in Targa Resources.
What is the analyst price target for TRGP?
The average analyst price target for Targa Resources (TRGP) is $330.19 based on 21 analyst estimates, about 11.8% above the current price of $295.42. The published range runs from $294.00 to $359.00.
How much revenue does TRGP generate?
Targa Resources reported $16.74B in trailing twelve-month revenue. Revenue growth is running at 4.2% year over year. Net margin sits at 13.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare TRGP with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.