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.
NGL Market Leade | Targa Resources Corp. stands as a prominent player in the US midstream natural gas and NGL services sector, with a strong presence in the Permian Basin |
Financial Resilience | Explore TRGP's robust financial health, steady EPS growth projections, and consistent dividend performance amidst market volatility |
Growth Trajectory | Delve into TRGP's consistent inlet volume growth in G&P operations and potential long-term expansion across downstream assets |
Market Challenges | Analysts target prices range from $191 to $206, reflecting TRGP's potential amid crude oil price volatility and possible Permian production slowdown |
Metrics to compare | TRGP | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipTRGPPeersSector | |
---|---|---|---|---|
P/E Ratio | 23.7x | 18.6x | 5.0x | |
PEG Ratio | 0.51 | 1.00 | 0.00 | |
Price/Book | 13.9x | 2.3x | 1.1x | |
Price / LTM Sales | 2.1x | 4.1x | 1.2x | |
Upside (Analyst Target) | 22.2% | 9.4% | 22.3% | |
Fair Value Upside | Unlock | 7.7% | 7.7% | Unlock |