Targa Resources Corp. TRGP | NYSE
$314.87
$2.50 | 0.80%
TREND SIGNAL:
|2026-10-12
|2026-10-12
Next Earnings: Nov 05, 2026
Company Overview:
Market Cap:
$67.87B
Trailing PE:
29.9x
FWD PE *:
27.5x
Payout Ratio (TTM):
40.0%
52-Week Range:
$151.24 - $316.60
* Forward PE is based on street estimates.
10 Year TRGP Performance Metrics:
Total Return (with DRIP):
981% (26.88% CAGR)
Total Return (no DRIP):
678% (22.77% CAGR)
Share Price:
617% (21.78% CAGR)
Yield on Cost (with DRIP):
17.16%
Total Invested:
$10,000
Total Value (with DRIP):
$108,094
Total Return $ (with DRIP):
$98,094
Dividend Increase:
37.4% (3.31% CAGR)
Dividend Yield (FWD):
1.59% ($5.00)
TRGP 10-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
TRGP Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
TRGP Price CAGR:1Y: 107.81%2Y: 37.46%5Y: 41.93%10Y: 21.78%
TRGP Dividend Charts
TRGP Dividend CAGR:1Y: 25.00%2Y: 29.10%5Y: 65.72%10Y: 3.23%
TRGP Dividend Payout Ratio CAGR:1Y: 0.96%2Y: -20.74%5Y: -15.01%10Y: 0.00%
TRGP Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: -21.72%5Y: 48.79%10Y: -8.50%
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TRGP Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
TRGP Revenue CAGR:1Y: 10.28%2Y: 10.77%5Y: 5.38%10Y: 10.86%
TRGP EPS CAGR:1Y: 23.81%2Y: 63.74%5Y: 88.46%10Y: 0.00%
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TRGP Net Income CAGR:1Y: 24.41%2Y: 61.41%5Y: 69.13%10Y: 0.00%
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TRGP EBITDA CAGR:1Y: 19.90%2Y: 31.67%5Y: 29.93%10Y: 20.98%
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TRGP Free Cash Flow CAGR:1Y: 0.00%2Y: 62.05%5Y: -3.72%10Y: 15.90%
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TRGP Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 64.30%5Y: -2.53%10Y: 12.48%
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TRGP Operating Income CAGR:1Y: 52.67%2Y: 34.39%5Y: 38.10%10Y: 33.97%
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TRGP Gross Profit CAGR:1Y: 88.71%2Y: 46.80%5Y: 27.76%10Y: 20.91%
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TRGP Shares Outstanding CAGR:1Y: -1.32%2Y: -1.70%5Y: -1.50%10Y: 2.87%
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TRGP Share Buybacks CAGR:1Y: -75.30%2Y: -52.52%5Y: 0.00%10Y: 82.08%
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TRGP Stock-Based Comp CAGR:1Y: 5.26%2Y: 9.18%5Y: 3.85%10Y: 9.60%
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TRGP Expenses CAGR:1Y: 11.48%2Y: 16.81%5Y: 57.96%10Y: 23.99%
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TRGP Revenue CAGR:1Y: 10.28%2Y: 10.77%5Y: 5.38%10Y: 10.86%
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TRGP Revenue CAGR:1Y: 10.28%2Y: 10.77%5Y: 5.38%10Y: 10.86%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
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TRGP Actual Revenue CAGR:1Y: 10.28%2Y: 10.77%5Y: 5.38%10Y: 10.86%
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TRGP Actual EPS CAGR:1Y: 23.81%2Y: 63.74%5Y: 88.46%10Y: 0.00%
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TRGP Actual Net Income CAGR:1Y: 24.41%2Y: 61.41%5Y: 69.13%10Y: 0.00%
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TRGP Actual EBITDA CAGR:1Y: 19.90%2Y: 31.67%5Y: 29.93%10Y: 20.98%
Ratios, Profit Margins & Return on Capital:
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TRGP Net Profit Margin CAGR:1Y: 10.88%2Y: 44.47%5Y: 59.85%10Y: 0.00%
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TRGP Gross Profit Margin CAGR:1Y: 117.09%2Y: 49.27%5Y: 27.15%10Y: 11.70%
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TRGP Price to Earnings CAGR:1Y: 25.04%2Y: -11.97%5Y: -16.07%10Y: 0.00%
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TRGP Price To Sales Ratio CAGR:1Y: 38.64%2Y: 27.26%5Y: 34.27%10Y: 11.84%
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TRGP Return on Capital Employed CAGR:1Y: 23.67%2Y: 14.97%5Y: 21.64%10Y: 24.50%
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TRGP Return on Invested Capital CAGR:1Y: 61.83%2Y: 30.04%5Y: 15.12%10Y: 20.96%
TRGP Dividends Info:
Annual Dividend:
$5
Forward Yield:
1.59%
Ex-Dividend Date:
2026-10-30
Lifetime Dividends / Share:
$41.24
TRGP Dividend History: Dates, Payments & Yield list
Below is a schedule of all TRGP dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 10/30/2026 | 11/17/2026 | $1.250 | 1.71% | 0% | $0.00 |
| 07/31/2026 | 08/03/2026 | $1.250 | 1.85% | 1.89% | $264.60 |
| 04/30/2026 | 05/04/2026 | $1.250 | 1.92% | 1.93% | $258.98 |
| 01/30/2026 | 02/02/2026 | $1.000 | 1.99% | 2.01% | $198.67 |
| 10/31/2025 | 11/03/2025 | $1.000 | 2.6% | 2.56% | $156.09 |
| 07/31/2025 | 08/04/2025 | $1.000 | 2.4% | 2.43% | $164.82 |
| 04/30/2025 | 05/02/2025 | $1.000 | 2.34% | 2.47% | $161.87 |
| 01/31/2025 | 02/03/2025 | $0.750 | 1.52% | 1.49% | $201.73 |
| 10/31/2024 | 11/04/2024 | $0.750 | 1.8% | 1.77% | $169.20 |
| 07/31/2024 | 08/02/2024 | $0.750 | 2.22% | 2.3% | $130.58 |
| 04/29/2024 | 05/01/2024 | $0.750 | 2.56% | 2.67% | $112.41 |
| 01/30/2024 | 02/01/2024 | $0.500 | 2.3% | 2.32% | $86.04 |
| 10/30/2023 | 11/01/2023 | $0.500 | 2.39% | 2.38% | $84.15 |
| 07/28/2023 | 07/31/2023 | $0.500 | 2.48% | 2.44% | $81.99 |
| 04/27/2023 | 05/01/2023 | $0.500 | 2.69% | 2.65% | $75.40 |
| 01/30/2023 | 02/01/2023 | $0.350 | 1.9% | 1.88% | $74.58 |
| 10/28/2022 | 11/15/2022 | $0.350 | 2.08% | 1.89% | $74.19 |
| 07/28/2022 | 08/15/2022 | $0.350 | 2.08% | 2.05% | $68.17 |
| 04/28/2022 | 05/16/2022 | $0.350 | 1.84% | 1.94% | $72.14 |
| 01/28/2022 | 02/15/2022 | $0.350 | 2.42% | 2.24% | $62.44 |
| 10/28/2021 | 11/15/2021 | $0.100 | 0.72% | 0.73% | $55.14 |
| 07/29/2021 | 08/16/2021 | $0.100 | 0.93% | 0.93% | $43.02 |
| 04/29/2021 | 05/14/2021 | $0.100 | 1.15% | 1.04% | $38.52 |
| 01/29/2021 | 02/16/2021 | $0.100 | 1.46% | 1.29% | $31.04 |
| 10/29/2020 | 11/16/2020 | $0.100 | 2.5% | 1.85% | $21.58 |
| 07/30/2020 | 08/17/2020 | $0.100 | 2.14% | 2.04% | $19.60 |
| 04/30/2020 | 05/18/2020 | $0.100 | 3.09% | 2.29% | $17.44 |
| 01/30/2020 | 02/18/2020 | $0.910 | 9.83% | 9.88% | $36.86 |
| 10/31/2019 | 11/15/2019 | $0.910 | 9.36% | 9.27% | $39.26 |
| 07/30/2019 | 08/15/2019 | $0.910 | 9.36% | 11% | $33.08 |
| 04/30/2019 | 05/15/2019 | $0.910 | 9.07% | 8.68% | $41.94 |
| 01/30/2019 | 02/15/2019 | $0.910 | 8.43% | 8% | $45.51 |
| 10/30/2018 | 11/15/2018 | $0.910 | 7.27% | 7.72% | $47.18 |
| 07/31/2018 | 08/15/2018 | $0.910 | 7.13% | 6.94% | $52.45 |
| 04/30/2018 | 05/15/2018 | $0.910 | 7.75% | 7.47% | $48.71 |
| 01/31/2018 | 02/15/2018 | $0.910 | 7.58% | 7.3% | $49.85 |
| 10/31/2017 | 11/15/2017 | $0.910 | 8.77% | 8.6% | $42.32 |
| 07/28/2017 | 08/15/2017 | $0.910 | 7.78% | 8.43% | $43.17 |
| 04/28/2017 | 05/16/2017 | $0.910 | 6.6% | 7.17% | $50.78 |
| 01/30/2017 | 02/15/2017 | $0.910 | 6.37% | 6.14% | $59.29 |
| 10/31/2016 | 11/15/2016 | $0.910 | 8.29% | 7.29% | $49.94 |
| 07/29/2016 | 08/15/2016 | $0.910 | 9.77% | 8.35% | $43.58 |
| 04/29/2016 | 05/16/2016 | $0.910 | 9% | 8.4% | $43.31 |
| 01/29/2016 | 02/09/2016 | $0.910 | 16.2% | 20.66% | $17.62 |
| 10/29/2015 | 11/16/2015 | $0.910 | 6.63% | 8.41% | $43.30 |
| 07/30/2015 | 08/17/2015 | $0.875 | 3.9% | 4.65% | $75.32 |
| 04/30/2015 | 05/18/2015 | $0.830 | 3.16% | 3.29% | $100.79 |
| 01/29/2015 | 02/17/2015 | $0.775 | 3.63% | 3.13% | $99.06 |
| 10/30/2014 | 11/17/2014 | $0.733 | 2.34% | 2.52% | $116.11 |
| 07/24/2014 | 08/15/2014 | $0.690 | 2.04% | 2% | $137.69 |
| 04/24/2014 | 05/16/2014 | $0.648 | 2.42% | 2.31% | $112.35 |
| 01/23/2014 | 02/18/2014 | $0.608 | 2.71% | 2.5% | $97.16 |
| 10/29/2013 | 11/15/2013 | $0.570 | 2.91% | 2.87% | $79.38 |
| 07/25/2013 | 08/15/2013 | $0.532 | 3.09% | 3.18% | $66.93 |
| 04/25/2013 | 05/16/2013 | $0.495 | 3% | 2.92% | $67.80 |
| 01/24/2013 | 02/15/2013 | $0.458 | 3.1% | 2.92% | $62.75 |
| 10/18/2012 | 11/15/2012 | $0.423 | 3.34% | 3.64% | $46.42 |
| 07/19/2012 | 08/15/2012 | $0.394 | 3.49% | 3.62% | $43.48 |
| 04/19/2012 | 05/16/2012 | $0.365 | 3.18% | 3.22% | $45.33 |
| 01/19/2012 | 02/15/2012 | $0.336 | 3.23% | 3.15% | $42.74 |
| 10/19/2011 | 11/15/2011 | $0.308 | 3.72% | 3.59% | $34.26 |
| 07/19/2011 | 08/16/2011 | $0.290 | 3.41% | 3.65% | $31.82 |
| 04/19/2011 | 05/17/2011 | $0.273 | 3.33% | 3.41% | $32.01 |
| 02/01/2011 | 02/21/2011 | $0.062 | 0.8% | 0.77% | $31.91 |
Projected Future Returns & Dividends for TRGP
Based on past 10-year performance, here are TRGP growth metrics:
Share price CAGR of +21.78%
Dividend CAGR of +3.23%
Using TRGP CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| TRGP (DRIP) | TRGP - No DRIP | |
|---|---|---|
| Current Price | $314.87 | $314.87 |
| Start Shares | 31.76 | 31.76 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 34.55 | 31.76 |
| Dividends Payment | $1.72 | $1.72 |
| Annual Dividends | $237 | $218 |
| Yield on cost | 2.37% | 2.18% |
| Share Price | $2,258.39 | $2,258.39 |
| Total Dividends | $1,942 | $1,839 |
| Final Value | $78,022 | $73,564 |
Estimated Future Value + Dividends - TRGP
NOTE: Above numbers are our estimate based on TRGP's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
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Company Info
Targa Resources Corp. (TRGP) had its IPO on 2010-12-07, and is traded on NYSE stock exchange.
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.
TRGP website: https://www.targaresources.com
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DCF Model — TRGP
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vs current price $314.87
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Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
