profit from every $100 of sales.
$0$100
Targa Resources
$297.33+0.35% today
+75.2% in 1 year
1-year low $168.321-year high $314.99
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $33.17 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Targa Resources sold, what it kept, and what it did with the cash.
Sales went from $20.9 billion in 2022 to $17.0 billion in 2025, with $1.92 billion of profit last year.
SalesProfit
Targa Resources handed back more cash to shareholders than it generated last year.
Buybacks $642M$818M
Free cash flow 2025$584M
Bought back its own shares$642M
Paid as dividends$818M
Cash vs. debt$166M vs. $17.5B
Targa Resources vs. similar companies
Targa Resources grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Targa Resources | 33.2× · Expensive | ||
 Enbridge | 20.2× · Fair price | ||
 The Williams Companies | 33.0× · Expensive | ||
 Enterprise Products Partners L.P. | 14.2× · Cheap | ||
 Kinder Morgan | 23.3× · Fair price |
Compare Targa Resources with Canadian Natural Resources · ConocoPhillips · Chevron · Enbridge · EOG Resources · MPLX LP · TotalEnergies · Exxon Mobil
AI analysis
An AI analyst reads Targa Resources's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 8,260 | 16,950 | 20,930 | 16,060 | 16,382 | 17,028 | |
| – | – | 2,952 | 4,054 | 4,256 | 5,005 | |
| -1,304 | 865 | 1,729 | 2,626 | 2,695 | 3,331 | |
| -439 | 1,735 | 3,205 | 3,960 | 4,128 | 4,855 | |
| -1,554 | 71 | 1,196 | 1,346 | 1,312 | 1,923 | |
| -7.26 | -0.07 | 3.88 | 3.66 | 5.87 | 8.63 | |
| – | – | 14.1% | 25.2% | 26.0% | 29.4% | |
| -15.8% | 5.1% | 8.3% | 16.4% | 16.5% | 19.6% | |
| -18.8% | 0.4% | 5.7% | 8.4% | 8.0% | 11.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 15,876 | 15,208 | 19,560 | 20,672 | 22,734 | 25,218 |
| Cash | 243 | 159 | 219 | 142 | 157 | 166 |
| Total debt | 7,756 | 6,597 | 11,565 | 13,010 | 14,265 | 17,522 |
| Total liabilities | – | – | 14,578 | 16,062 | 18,316 | 22,020 |
| 2,654 | 2,012 | 2,666 | 2,740 | 2,592 | 3,068 | |
| 232 | 229 | 231 | 226 | 218 | 215 | |
| -9.9% | 7.9% | 11.7% | 13.2% | 12.7% | 12.8% | |
| -58.6% | 3.5% | 44.8% | 49.1% | 50.6% | 62.7% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,745 | 2,303 | 2,381 | 3,212 | 3,650 | 3,917 | |
| 952 | 505 | 1,334 | 2,385 | 2,966 | 3,333 | |
| 793 | 1,798 | 1,047 | 826 | 684 | 584 | |
| Dividends paid | – | – | 380 | 427 | 616 | 818 |
| 97 | 53 | 1,190 | 374 | 755 | 642 | |
| 66 | 59 | 58 | 62 | 63 | 70 |
Valuation
- 33.2×
- 29.3×
- –
- 19.0×
- 3.7×
- 109.2×
- 16.7×
- 0.9%
- 3.0%
- 1.6%
Profitability
- 29.4%
- 19.6%
- 11.3%
- 31.8%
- 13.1%
- 12.9%
- 73.9%
- 7.8%
- 14.6%
- –
Growth
- +15.6%
- –
- −14.6%
- +25.4%
- −2.4%
Financial health
- 3.6×
- 5.71
- 70.6%
- 3.9×
- 0.67
- 0.62
- 0.60
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 19%of 467
Top 36%of 466
Bottom 18%of 387
Top 19%of 461
Bottom 28%of 460
What analysts expect
- Average price target
- $237.70
- Range
- $207.00 – $268.00
- 8 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 2.21 | 2.48 | −10.9% |
| Feb 19, 2026 | 2.51 | 2.30 | +9.1% |
| Nov 5, 2025 | 2.20 | 2.11 | +4.3% |
| Aug 7, 2025 | 2.87 | 1.86 | +54.3% |
| May 1, 2025 | 0.91 | 1.98 | −54.0% |
| Feb 20, 2025 | 1.44 | 1.92 | −25.0% |
| Nov 5, 2024 | 1.75 | 1.56 | +12.2% |
| Aug 1, 2024 | 1.33 | 1.27 | +4.7% |
1.6%of the share price, paid each year
On $1,000 invested$16a year at today's yield, before tax
+25.4%2020 to 2025
Raised4 yearsin a row, in our data
Paid per share, each year
$3.39 in 2015 → $3.75 in 2025
How safe it looks
42.6% of its profit
Room to growStretchedMore than it earns: 140.1%
News
Targa Resources signs 20-year midstream deals with Exxon, plans three new Permian gas plantsSeeking Alpha · Aug 17, 2026The newest story we have is from Aug 17, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
37No pass
Benjamin Graham
23No pass
Philip Fisher
45No pass
Peter Lynch
45No pass
Joel Greenblatt
20No pass
Charlie Munger
36No pass
Terry Smith
31No pass
Questions about Targa Resources
Is Targa Resources a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Targa Resources AI analysis
What does Targa Resources 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. It is in Oil & Gas Midstream, based in Houston, TX, United States, with 3,570 employees.
Does Targa Resources pay a dividend?
Yes. At today's price the dividend is 1.6% a year, about 43% of its yearly profit. In 2025 it paid out $818 million in dividends.
Is Targa Resources stock halal?
Yes. Targa Resources passes our halal screen: its business is permitted and its debt is 27% of its market value, under the 30% limit. How we check
How has Targa Resources stock done over the past year?
Up 75.2% over the past twelve months, to $297.33. It traded between $168.32 and $314.99 and is 5.6% below its high.
Who are Targa Resources's competitors?
The largest listed companies in the same industry are Enbridge, The Williams Companies, Enterprise Products Partners L.P. and Kinder Morgan. The peers table on this page compares their profit, growth and price with Targa Resources's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.