# Targa Resources Inc. (TRGP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $290.05, market value $62.2 billion.

## Valuation
- **P/E (trailing): 27.7×** (5-yr avg 22.9×, 3-yr avg 24.7×). Targa Resources Inc. trades at 27.7× trailing earnings, well above its own five-year average of 22.9×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 24.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.50**. A PEG of 0.50 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.7×**. Each dollar of revenue is priced at 3.7×.
- **Price / book: 19.9×**. The shares trade at 19.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 14.5×**. Enterprise value is 14.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.2%** (5-yr avg 6.2%). Free cash flow equals 1.2% of the market value, below its five-year average of 6.2%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.6%**. The inverse of the P/E: 3.6% of the price is earned each year.

## Profitability
- **Operating margin: 22.9%**. 22.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 11.3%**. 11.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 62.7%**. A 62.7% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 14.9%**. Return on all capital, debt included, is 14.9%.
- **Return on assets: 9.0%**. Each dollar of assets produces 9.0% of profit.

## Growth
- **Revenue growth (1 yr): 20.5%** (3-yr -4.9%/yr, 5-yr 19.9%/yr). Revenue grew 20.5% over the last year, against 19.9% a year compounded over five years.
- **EPS growth (1 yr): 47.9%** (3-yr 29.8%/yr). Earnings per share rose 47.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -17.7%/yr**. Free cash flow has compounded at -17.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 5.68**. Debt is 5.68 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.1×**. It would take 3.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.72%** ($4.50 per share, trailing). Targa Resources Inc. yields 1.72%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 25.4%/yr** (1-yr 36.4%). The dividend has compounded at 25.4% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (20 analysts). 20 analysts cover Targa Resources Inc.; the consensus is strong_buy, with an average price target of $313.10 (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 77.1%** (YTD 58.8%, 3-mo 9.8%). The shares are up 77.1% over twelve months including dividends.
- **From 52-week high: -5.8%** (101.2% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): -0.17** (volatility 29%). Beta of -0.17 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TRGP · Page: https://foliofundamentals.com/stocks/trgp

Not investment advice.