TRGP

MKT CAP:$52B

Targa Resources Corp.

Market Cap

$52B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Energy·Oil & Gas Midstream·🇺🇸·NYSE

Stock Price

$240.00+$53.23 (+28.50%)

Apr 24, 2026

Company Details

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing...

CEO

Matthew J. Meloy

IPO Date

Dec 7, 2010

Website

www.targaresources.com

Key Metrics TTM

Revenue

$4.1B

— YoY

Net Income

$545M

EPS (Diluted)

$2.53

Free Cash Flow

$542M

Revenue / Share

$18.86

Gross Margin

43.1%

Operating Margin

22.6%

Net Margin

13.4%

FCF Margin

13.4%

P/S

12.7x

P/E

94.6x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 19, 2026

$17.1BEPS $8.52

Q4 2025

Feb 19, 2026

$4.1BEPS $2.53

Q3 2025

Nov 5, 2025

$4.2BEPS $2.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 25	$4.2B	$978M	$885M
Q4 25	$4.1B	$1.7B	$917M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 25	$599M	-$73M
Q4 25	$1.5B	$542M

Capital Expenditures

Quarter	CapEx
Q3 25	$672M
Q4 25	$963M

CapEx

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 25	$18M	0.4%
Q4 25	$17M	0.4%

OpEx Breakdown

Quarter	G&A
Q3 25	$105M
Q4 25	$112M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$136M	$0	$136M
Q2 22	$154M	$0	$154M
Q3 22	$193M	$0	$193M
Q4 22	$219M	$0	$219M
Q1 23	$212M	$0	$212M
Q2 23	$169M	$0	$169M
Q3 23	$140M	$0	$140M
Q4 23	$142M	$0	$142M
Q1 24	$110M	$0	$110M
Q2 24	$166M	$0	$166M
Q3 24	$127M	$0	$127M
Q4 24	$157M	$0	$157M
Q1 25	$151M	$0	$151M
Q2 25	$113M	$0	$113M
Q3 25	$124M	$100M	$224M
Q4 25	$166M	$0	$166M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 25	216M	—	—
Q4 25	215M	-0.5%	—

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 25	$1M	3K
Q4 25	$1M	4K

Revenue / Employee