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Targa Resources $TRGP

Energy · Oil & Gas Storage & Transportation · NYSE/NASDAQ

S&P 500 Russell 1000 Texas

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$282.55

-8.36 (-2.87%)

As of Oct 15, 2026, 10:37 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 18, 2026, the first target we tracked for TRGP.

Targa Resources (TRGP) is trading down at $282.55 (-2.87%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Energy sector.

Analyst price targets on TRGP

Current price targets from 2 firms average $343, ranging from $335 to $350 — 21% above the current $283. Each is tracked to its date and scored the same way a member's call is.

Stifel $287 → $335 by Oct 2027 Buy Oct 9, 2026 via Investing.com · Stifel's track record
TD Cowen $292 → $350 by Sep 2027 Buy Sep 18, 2026 via Investing.com · TD Cowen's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Targa Resources revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Targa Resources annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$6.69B	$8.81B	$10.5B	$8.67B	$8.26B	$16.9B	$20.9B	$16.1B	$16.4B	$17.0B
Growth (year over year)	—	+31.7%	+18.9%	−17.3%	−4.7%	+105.2%	+23.5%	−23.3%	+2.0%	+3.9%
Gross profit	$1.77B	$1.91B	$2.25B	$2.55B	$3.07B	$3.22B	$4.05B	$5.38B	$5.68B	$6.52B
Gross margin	26.4%	21.7%	21.4%	29.4%	37.2%	19.0%	19.3%	33.5%	34.7%	38.3%
Operating income	$55.8M	−$122.4M	$237.5M	$192.9M	−$1.30B	$864.8M	$1.73B	$2.63B	$2.70B	$3.33B
Operating margin	0.8%	−1.4%	2.3%	2.2%	−15.8%	5.1%	8.3%	16.4%	16.5%	19.6%
Net income	−$187.3M	$54.0M	$1.60M	−$209.2M	−$1.55B	$71.2M	$1.20B	$1.35B	$1.31B	$1.92B
Net margin	−2.8%	0.6%	0.0%	−2.4%	−18.8%	0.4%	5.7%	8.4%	8.0%	11.3%
EPS (diluted)	−$1.80	−$0.31	−$0.53	−$1.44	−$7.26	−$0.07	$3.88	$3.66	$5.74	$8.49
Balance sheet
Cash and equivalents	$73.5M	$137.2M	$232.1M	$331.1M	$242.8M	$158.5M	$219.0M	$141.7M	$157.3M	$166.1M
Total assets	$12.9B	$14.4B	$16.9B	$18.8B	$15.9B	$15.2B	$19.6B	$20.7B	$22.7B	$25.2B
Total liabilities	$7.15B	$7.63B	$9.47B	$10.4B	$9.97B	$10.0B	$14.6B	$16.1B	$18.3B	$22.0B
Long-term debt	$4.61B	$4.70B	$5.63B	$7.44B	$7.39B	$6.43B	$10.7B	$12.3B	$13.8B	$16.7B
Shareholders' equity	$5.25B	$6.16B	$6.08B	$4.92B	$2.65B	$2.01B	$2.67B	$2.74B	$2.59B	$3.07B
Cash flow
Operating cash flow	$837.4M	$939.5M	$1.14B	$1.39B	$1.74B	$2.30B	$2.38B	$3.21B	$3.65B	$3.92B
Capital expenditure	$562.1M	$1.30B	$3.11B	$2.88B	$951.6M	$505.1M	$1.33B	$2.39B	$2.97B	$3.33B
Free cash flow	$275.3M	−$358.0M	−$1.97B	−$1.49B	$792.9M	$1.80B	$1.05B	$826.2M	$683.9M	$584.1M

RevenueNet incomeNet margin (right axis, %)

Targa Resources quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$3.85B	$4.41B	$4.56B	$4.26B	$4.15B	$4.06B	$4.09B	$4.44B
Growth (year over year)	−1.1%	+3.9%	−0.0%	+19.6%	+7.8%	−7.9%	−10.2%	+4.2%
Gross profit	$1.49B	$1.48B	$1.30B	$1.82B	$1.64B	$1.75B	$1.70B	$2.14B
Gross margin	38.6%	33.7%	28.6%	42.8%	39.6%	43.1%	41.5%	48.2%
Operating income	$728.2M	$700.6M	$543.3M	$1.03B	$836.9M	$917.4M	$846.9M	$1.23B
Operating margin	18.9%	15.9%	11.9%	24.3%	20.2%	22.6%	20.7%	27.8%
Net income	$387.4M	$350.9M	$270.5M	$629.1M	$478.4M	$545.0M	$479.6M	$764.6M
Net margin	10.1%	8.0%	5.9%	14.8%	11.5%	13.4%	11.7%	17.2%
EPS (diluted)	$1.75	$1.44	$0.91	$2.87	$2.20	$2.51	$2.21	$3.54
Balance sheet
Cash and equivalents	$127.2M	$157.3M	$151.4M	$113.1M	$124.1M	$166.1M	$100.1M	$132.3M
Total assets	$21.9B	$22.7B	$22.8B	$23.5B	$24.2B	$25.2B	$27.1B	$28.5B
Total liabilities	$17.4B	$18.3B	$20.2B	$20.8B	$21.3B	$22.0B	$23.8B	$24.7B
Long-term debt	$13.6B	$13.8B	$15.5B	$16.1B	$16.7B	$16.7B	$18.4B	$19.0B
Shareholders' equity	$2.57B	$2.59B	$2.45B	$2.59B	$2.71B	$3.07B	$3.14B	$3.66B
Cash flow
Operating cash flow	$540.9M	$1.33B	$954.4M	$858.3M	$599.2M	$1.51B	$739.5M	$1.44B
Capital expenditure	$828.8M	$726.9M	$792.2M	$906.1M	$671.8M	$963.2M	$899.5M	$1.01B
Free cash flow	−$287.9M	$601.0M	$162.2M	−$47.8M	−$72.6M	$542.3M	−$160.0M	$431.2M

From Targa Resources's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Targa Resources

Targa Resources Corp. is a Fortune 500 company based in Houston, Texas. Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States. Their operations are based largely, though not entirely, on the Gulf Coast, particularly in Texas and Louisiana. Matthew J. Meloy has been Chief Executive Officer since 2020.

Source: Wikipedia — Targa Resources