Targa Resources (TRGP)
Energy · NYSE · US
Price as at 10 Aug 2026, 13:34 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Targa Resources trades at $259.63, which is 45% below the $376.91 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 57 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 27.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TRGP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $3.50 | 3 |
| 2025 | $3.75 | 4 |
| 2024 | $2.75 | 4 |
| 2023 | $1.85 | 4 |
| 2022 | $1.40 | 4 |
| 2021 | $0.400 | 4 |
| 2020 | $1.21 | 4 |
| 2019 | $3.64 | 4 |
| 2018 | $3.64 | 4 |
| 2017 | $3.64 | 4 |
| 2016 | $3.64 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TRGP earnings and analyst estimates
Recommendation mix, 23 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Targa Resources
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 provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TRGP passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Bill Nygren, HARRIS ASSOCIATES L P$2.13B · 2.8% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$611.31M · 0.3% of book
- Steve Cohen, Point72 Asset Management, L.P.$108.93M · 0.1% of book
- Marshall Wace, MARSHALL WACE, LLP$79.83M · 0.1% of book
- Ken Griffin, CITADEL ADVISORS LLC$72.98M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Targa Resources (TRGP) undervalued?
Against our fair value estimate of $376.91, TRGP at $259.63 is 45% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TRGP?
13 of the institutions we track reported a position in TRGP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TRGP's P/E ratio?
TRGP trades at 27.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Targa Resources (TRGP) pay a dividend?
Yes. Targa Resources yields 1.55% at the current share price. It has paid $4.50 per share over the trailing twelve months. It has paid a dividend in each of the last 15 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TRGP data?
Fundamentals for TRGP come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 10 Aug 2026, 13:34 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TRGP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.