Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream 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; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Industry Dynamics | Delve into how TRGP aligns with industry trends, including increased natural gas demand for AI and data centers, positioning itself for long-term value creation |
Financial Outlook | Analysts project a shift to positive free cash flow by 2025, with price targets ranging from $128 to $202, signaling potential for increased shareholder returns |
Strategic Expansion | Explore TRGP's multifaceted growth strategy, focusing on infrastructure expansion and potential acquisitions to strengthen its market position |
Permian Powerhouse | Targa Resources Corp. leverages its strong position in the Permian Basin to drive growth, capitalizing on increasing natural gas and NGL demand |
Metrics to compare | TRGP | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipTRGPPeersSector | |
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P/E Ratio | 33.8x | 17.0x | 4.6x | |
PEG Ratio | 0.74 | 0.46 | 0.00 | |
Price / Book | 16.2x | 2.3x | 1.1x | |
Price / LTM Sales | 2.6x | 4.0x | 1.2x | |
Upside (Analyst Target) | −6.8% | 14.8% | 30.1% | |
Fair Value Upside | Unlock | 5.3% | 9.1% | Unlock |