Targa Resources Corp
Research Targa Resources Corp (TRGP) on Bullrun: valuation model: 16.4% overvalued, market cap USD 61.52B, P/E 27.4, dividend yield 1.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTRGP
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal16.4% overvalued
- Market capUSD 61.52B
- P/E27.4
- Dividend yield1.6%
- Financial periodQ2 2026
- RevenueUSD 4.44B
- Net incomeUSD 764.60M
- Free cash flowUSD 431.20M
- Gross margin37.9%
Valuation Snapshot
Bullrun's latest valuation model marks Targa Resources Corp as 16.4% overvalued; latest market cap is USD 61.52B; P/E is 27.4; dividend yield is 1.6%.
Peer valuation comparison
Latest P/E is 27.39x versus a Energy sector median of 14.75x (85.7% above).
Latest dividend yield is 1.56% versus a Energy sector median of 3.8% (58.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 17.03B | USD 1.92B | USD 584.10M | 38.3% | 8.49 | USD 166.10M | USD 17.43B | USD 3.07B |
| FY2024 | USD 14.14B | USD 1.31B | USD 683.90M | 24.3% | 5.74 | USD 157.30M | USD 14.17B | USD 2.59B |
| FY2023 | USD 13.52B | USD 1.35B | USD 826.20M | 21.0% | 3.66 | USD 141.70M | USD 12.95B | USD 2.74B |
| FY2022 | USD 19.82B | USD 1.20B | USD 1.05B | 14.8% | 3.88 | USD 219.00M | USD 11.54B | USD 2.67B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 61.52B | 27.4 | 1.6% | 4.5 |
| 2025 | 2025-12-31 | USD 39.61B | 21.7 | 2.0% | 3.75 |
| 2024 | 2024-12-31 | USD 38.87B | 31.0 | 1.5% | 2.75 |
| 2023 | 2023-12-29 | USD 19.37B | 22.6 | 2.1% | 1.85 |
| 2022 | 2022-12-30 | USD 16.64B | 71.4 | 1.9% | 1.4 |
| 2021 | 2021-12-31 | USD 11.92B | n/a | 0.8% | 0.4 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 4.5 USD, yield 1.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.75 USD |
| FY2024 | 2.75 USD |
| FY2023 | 1.85 USD |
| FY2022 | 1.4 USD |
About Targa Resources Corp
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas;
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Frequently asked questions
Is Targa Resources Corp overvalued or undervalued?
Bullrun's valuation model currently marks Targa Resources Corp as 16.4% overvalued.
What is Targa Resources Corp's market cap?
Targa Resources Corp's market capitalization is USD 61.52B.
What is Targa Resources Corp's P/E ratio?
Targa Resources Corp's price-to-earnings (P/E) ratio is 27.4.
Does Targa Resources Corp pay a dividend?
Targa Resources Corp has a dividend yield of 1.6%.
What does Targa Resources Corp do?
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.