TRGP · NYQ S&P 500

Targa Resources Corp.

Energy · Oil & Gas Midstream

$281.32 +$7.69 (+2.81%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 22 analysts

Buy

Median price target $335.00 +19.1%

Open: $270.87
Day range: 269.60 – $283.32
52-week range: 166.18 – $316.60
Volume: 1,377,426
Market cap: $60,358M
P/E (TTM): 24.9x
EPS (TTM): $11.30
EPS est. 2026: $11.85
P/E est. 2026: 23.7x
Dividend yield: 1.7%
Beta: 0.74
Payout: 40%

Targa Resources financials

Q3 2026 results, quarter ended Sep 30, 2026

Metric	Q3 2026	1-year change
Total revenue	$5,599M	+34.9%
Net income	$658M	+37.6%
Earnings per share	$3.04	+38.2%
Net margin	11.8%	+0.2 pp
Free cash flow	$120M	n/s
Debt / equity	5.20	−19.2%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$4,151M	$478M
Q4 2025	$4,056M	$545M
Q1 2026	$4,095M	$480M
Q2 2026	$4,440M	$765M
Q3 2026	$5,599M	$658M

Targa Resources earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 3	$3.0222.90 – 3.11	+12.5%$2.686
Next quarterQ1 2027 · Analysts: 2	$2.9252.86 – 2.99	+6.1%$2.757
Current year2026 · Analysts: 4	$11.85411.61 – 12.06	+31.8%$8.995
Next year2027 · Analysts: 5	$12.34311.52 – 12.92	+4.1%$11.854

Forward P/E: 23.7x (2026) and 22.8x (2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$2.200	—
Q4 2025	$2.686	$2.395
Q1 2026	$2.757	$2.567
Q2 2026	$3.246	$2.841
Q3 2026	$2.961	$2.859
Q4 2026	—	$3.022
Q1 2027	—	$2.925

Year	Actual EPS	Estimated EPS
2022	$3.880	—
2023	$3.660	—
2024	$5.874	—
2025	$8.630	—
2026	—	$11.854
2027	—	$12.343

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$2.925	+6.1%
Q4 2026Estimated	$3.022	+12.5%
Q3 2026	$2.961est. $2.859 · surprise +3.6%	+34.6%
Q2 2026	$3.246est. $2.841 · surprise +14.3%	n/a
Q1 2026	$2.757est. $2.567 · surprise +7.4%	n/a
Q4 2025	$2.686est. $2.395 · surprise +12.1%	n/a
Q3 2025	$2.200	n/a

Year	EPS	Annual change
2027Estimated	$12.343	+4.1%
2026Estimated	$11.854	+37.4%
2025	$8.630	+46.9%
2024	$5.874	+60.5%
2023	$3.660	−5.7%
2022	$3.880	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Targa Resources dividend

Yield and payments

Dividend yield (TTM)	1.7%
Forward yield (next 12m)	1.8%
Dividend per share (TTM)	$4.75
Forward dividend (next 12m)	$5.00
Payout (TTM)	40%
Last dividend	$1.25Oct 30, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$3.64
2020	$1.21
2021	$0.40
2022	$1.40
2023	$1.85
2024	$2.75
2025	$3.75
est. 12m	$5.00

Targa Resources forecasts

22 analyst ratings

Buy95% Hold5% Sell0%

Consensus: Buy · 21 buy, 1 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$362.00	+28.7%
Median	$335.00	+19.1%
Low	$294.00	+4.5%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$175.31
Dec 31, 2025	$184.50
Jan 30, 2026	$200.98
Feb 27, 2026	$235.80
Mar 31, 2026	$250.73
Apr 30, 2026	$260.08
May 29, 2026	$255.07
Jun 30, 2026	$268.14
Jul 31, 2026	$270.37
Aug 31, 2026	$293.65
Sep 30, 2026	$270.31
Oct 30, 2026	$314.99
Nov 10, 2026	$281.32

Targa Resources peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
TRGP	Targa Resources	60,358	24.9x	281.32	+2.81%	166.18316.60
WMB	Williams Companies	84,339	26.6x	67.46	+1.52%	58.0980.08
KMI	Kinder Morgan	69,482	19.3x	31.19	+2.03%	26.2434.81
OKE	Oneok	55,082	13.6x	87.37	+1.62%	68.1099.85
XOM	ExxonMobil	670,910	16.9x	164.47	−0.16%	114.19188.50
CVX	Chevron	412,144	15.5x	211.22	+0.21%	146.49236.48