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Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP) stock — the fundamentals (P/E, market cap, valuation) and every material event, decoded in plain English.

Targa Resources Corp. (TRGP) stock — financials & valuation

Key numbers for Targa Resources Corp. (TRGP): P/E ratio, market cap, profit margins, returns, and whether the stock looks cheap or expensive versus its own 5-year range.

AllSight quality score: 50/100 — a percentile rank of Targa Resources Corp.’s fundamentals against Transportation & Utilities peers, weakest on valuation. A quality ranking, not a price prediction.

Market cap$59.9B
P / E26.5×
P / S3.6×
EV / EBITDA14.6×
Gross margin43.2%
Operating margin22.7%
Net margin13.8%
Return on equity61.7%
ROIC12.7%
Revenue growth-2.0%
Debt / equity5.5×
Dividend yield1.5%

Is Targa Resources Corp. overvalued? P/E looks fair vs its 5-year range; P/S looks overvalued vs its 5-year range; EV/EBITDA looks overvalued vs its 5-year range; P/B looks overvalued vs its 5-year range.

Independent of the events above — derived from Targa Resources Corp.’s own financial statements and shown as context, never as advice.

Aug 25, 2026CFO transition
Targa names internal CFO successor as Byers retires, adds Enterprise veteran
Aug 6, 2026
Record EBITDA beat expectations; outlook now points to the top end
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