Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, 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; 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, 2024, it leased and managed approximately 531 railcars; 131 tractors; and 6 vacuum trucks and 2 pressurized NGL barges, as well as owns 8 tractors. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Navigating Volatility | Learn about TRGP's strategies to mitigate risks from crude price fluctuations and changing market conditions while capitalizing on emerging opportunities in natural gas demand |
Market Valuation | Delve into TRGP's market dynamics, with analysts setting price targets ranging from $199 to $206, reflecting optimism about the company's growth trajectory |
Cash Flow Catalyst | Discover how TRGP's anticipated cash flow inflection in 2025 could enhance financial flexibility, potentially boosting shareholder returns and strategic investments |
Permian Powerhouse | Explore Targa Resources' dominant position in the Permian basin, driving robust financial performance and positioning the company for significant future growth |
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 | 30.1x | 12.3x | 4.7x | |
PEG Ratio | 2.57 | 0.55 | 0.00 | |
Price / Book | 14.7x | 1.9x | 1.1x | |
Price / LTM Sales | 2.2x | 0.5x | 1.0x | |
Upside (Analyst Target) | 21.8% | 18.2% | 33.4% | |
Fair Value Upside | Unlock | 10.9% | 11.4% | Unlock |