TRGP — Targa Resources Inc
NYSE · Energy · Oil & Gas Midstream
$296.06
+$2.41 (+0.82%)
Targa Resources Inc (TRGP) is a oil & gas midstream company listed on NYSE. It is led by Matthew J. Meloy, based in 811 Louisiana Street, Houston, TX, United States, 77002, with about 3,370 employees. 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.
Latest reported TRGP revenue for 2025-09-30 was $4.15B. Net income was $486.6M. Revenue was down 2.6% from 2025-06-30 to 2025-09-30. TRGP currently screens at market cap $37.64B and trailing P/E 32.0.
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About Targa Resources Inc
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.
TRGP Key Statistics
Market Cap
$37.64B
Volume
1.12M
Previous Close
$294.26
Day Range
$286.50 – $293.50
P/E Ratio
31.96
EPS
$5.74
Revenue
$16.38B
Net Income
$1.55B
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
2.30%
Revenue Growth
+2.0%
Profit Margin
9.5%
Employees
3,370
TRGP Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $16.38B | $16.06B | $20.93B | $16.95B |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $1.55B | $1.58B | $1.53B | $422.10M |
| EPS (Diluted) | $5.74 | $3.66 | $3.88 | -$0.07 |
Total Assets
$22.73B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$157.30M
Operating Cash Flow
$3.65B
Free Cash Flow
$0.00
Targa Resources Inc Company Information
- CEO & Director
- Matthew J. Meloy
- Headquarters
- 811 Louisiana Street, Houston, TX, United States, 77002
- Website
- www.targaresources.com
- Phone
- 713 584 1000
- IPO / Founded
- 2010-12-07
- Sector
- Energy
- Industry
- Oil & Gas Midstream