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TRTRGP

Targa Resources Corp.

$TRGP·$65B·Oil & Gas Midstream·Energy
$294.26-1.6%1Y+84.5%
Mentions · last 7 days
2026-08-17: 10 posts2026-08-18: 47 posts2026-08-19: 17 posts2026-08-20: 16 posts2026-08-21: 2 posts2026-08-22: 3 posts2026-08-23: 1 posts96+2%
Price updated 11m ago·X counts updated 22h ago
TRTRGP
$TRGPTarga Resources Corp.
$294.26-1.62%96 posts+2%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $TRGP, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-23

The move is getting stronger, with heavier trading behind it.

Targa Resources up 85% over 12 months on Permian gas-processing growth — the pipeline is the whole story.

Targa Resources is a midstream oil and gas infrastructure company — specifically gathering, processing, and NGL fractionation with a large Permian Basin footprint. The 85% 12-month move reflects the specific market pricing of the Permian gas-processing growth curve.

  • The revenue and earnings trajectory is genuinely strong: Q2 revenue at $4.44B with EPS of $3.56 (sequentially higher from $2.23 in Q1) — analyst FY26 revenue at $19B growing to $23B FY27 and $26B FY28 (~16% CAGR) with EPS at $11.21 growing to $12.36 FY27 and $14.95 FY28 (~15%) supports the specific compounder profile.
  • The Permian gas-processing tailwind is the specific structural driver: every additional barrel of Permian oil production associates with specific gas volumes that need processing — Targa's specific Permian midstream position captures those volumes structurally, which is what supports the FY26-FY28 revenue growth trajectory.
  • The high-growth-dividend framing is the specific dividend-plus-growth signal: Targa appearing in top-10-high-growth-dividend-stock coverage reflects the specific combination of yield-plus-growth that quality-income mandates specifically target — that's the type of positioning that supports multi-quarter compounding.
  • The valuation reflects the growth: at 28.7x TTM P/E with the specific EPS growth trajectory, TRGP is priced closer to a growth-plus-quality-yield multiple than a mature-midstream multiple — the specific compounding math supports the current multiple as long as the Permian growth curve sustains.

The November 4 Q3 earnings print is the confirmation event: continued gas-processing volume growth plus updated FY26 guidance extends the case. A specific Permian production slowdown or a NGL-price-cycle reset would compress the multiple, but the specific pipeline-plus-processing volume growth is the durable driver.

What to watch: November 4 Q3 earnings — Permian gas-processing volumes, NGL fractionation margins, capex plans, and any specific commentary on Permian producer activity.

On the calendar: 2026-11-04 — Q3 2026 earnings

Read the AI verdict + X sentiment for $TRGP

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What it does

Plain-English summary of the business — what they sell and how they make money.

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.

Industry overviewAI analysisGenerated by AI from underlying data

Where Oil & Gas Midstream sits in its cycle right now — and what that implies for $TRGP.

Oil & Gas Midstream · Energy

No material change from last week — VG's Louisiana liquefaction export terminals and GLNG's floating LNG vessels unlock stranded gas monetization under long-term supply contracts.

Top industry ETF

$AMLPAlerian MLP ETF
+16.9%YTD
+13.8%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
28.7How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
14.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
23.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
1.1%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
3.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
72.1%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
36.6%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
5.5Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$3.54$2.83+25.1%
Q1 2026May 7, 2026$2.21$2.48-10.9%
Q4 2025Feb 19, 2026$2.51$2.30+9.1%
Q3 2025Nov 5, 2025$2.20$2.11+4.3%
Next earningsWed, Nov 4·consensus EPS $2.65

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$4.4B+10.3%48.2%27.8%$3.56$431.2M
Q1 FY26$4.1B-15.6%31.1%20.7%$2.23$-160.0M
Q4 FY25$4.1B-7.9%43.1%22.6%$2.53$542.3M
Q3 FY25$4.2B+8.1%23.3%21.1%$2.21$-72.6M

Forward consensus

5-year forecast · up to 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$19.0B$17.3B – $20.5B$11.21$10.39 – $11.927
FY27$22.9B$18.3B – $25.6B$12.36$11.18 – $14.027
FY28$25.6B$19.1B – $29.2B$14.95$13.29 – $18.288
FY29$32.3B$26.4B – $36.2B$16.73$12.76 – $19.386
FY30$35.6B$29.1B – $39.9B$18.96$14.46 – $21.966

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.95%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+9.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+29.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

β0.725-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 12Charles R CrispDirector10.6K sh$2.7MSellMar 5Robert MuraroChief Commercial Officer24.6K sh$5.9MSellMar 2Patrick J. McdonieSee Remarks31.5K sh$7.5MSellMar 2Branstetter Benjamin JamesSee Remarks3.3K sh$778KSellFeb 26Lindsey CooksenDirector435 sh$101KSellFeb 25Pryor D. ScottSee Remarks17.5K sh$4.0M
+ 9 other (4 inkinds · 3 gifts · 2 awards) in window

See when $TRGP insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Our Top 10 High Growth Dividend Stocks - August 2026seekingalpha.com·3d agoBard Associates Inc. Makes New $2.08 Million Investment in Targa Resources, Inc. $TRGPdefenseworld.net·3d agoBank of New York Mellon Corp Lowers Stock Holdings in Targa Resources, Inc. $TRGPdefenseworld.net·3d ago22,569 Shares in Targa Resources, Inc. $TRGP Purchased by B. Metzler seel. Sohn & Co. AGdefenseworld.net·3d ago2,360 Shares in Targa Resources, Inc. $TRGP Bought by Advisors Capital Management LLCdefenseworld.net·3d ago

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Voices on X · last 7 days

No standout posts about $TRGP on X in the last 7 days.

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