Targa Resources Corp. (TRGP)
NYSE · Energy · Oil & Gas Midstream
Profile
Targa Resources Corp.
- Exchange
- NYSE
- Ticker
- TRGP
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Country
- US
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
Key facts
Targa Resources Corp.: key facts
- Targa Resources Corp. (NYSE: TRGP) is a Oil & Gas Midstream company in the Energy sector.
- In fiscal 2025, Targa Resources Corp. reported revenue of $17.1B and net income of $1.8B.
- Revenue was about flat over the last 4 fiscal years.
- Free cash flow was positive in 5 of the last 5 fiscal years.
- Net income was positive in 5 of the last 5 fiscal years.
- Over the last twelve months, revenue was $16.8B and net income was $2.3B.
MonkScore
Targa Resources Corp.'s MonkScore
MonkScore
MonkScore range: 70–80
as of October 2026
Sector rank: 55 of 301 in Energy
How this score is madeDisclaimer
Pillar ranges
- Growth60–70
- Profitability60–70
- Quality40–50
- Market Conviction80–90
- Safety50–60
The MonkScore runs from 0 to 100. Each range is one of ten 10-point groups, from 0–10 to 90–100.
Each pillar's range uses the same ten groups. The exact score and the pillar scores are in the MonkStreet app.
Fundamentals
Figures from the statements
Targa Resources Corp.'s annual figures and the last twelve months, in USD. Last report: 30 June 2026.
| Figure | Last 12 months | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $16.8B | $17.1B | $16.6B | $15.6B | $21.7B | $17.4B |
| Gross profit | $6.1B | $4.5B | $3.3B | $2.5B | $2.8B | $2.1B |
| Operating income | $3.9B | $3.4B | $2.9B | $2.2B | $2.5B | $1.8B |
| Net income | $2.3B | $1.8B | $1.3B | $828.2M | $1.1B | $71.2M |
| Operating cash flow | $4.3B | $3.9B | $3.6B | $3.2B | $2.4B | $2.3B |
| Capital expenditure | -$3.5B | -$3.3B | -$3.0B | -$2.4B | -$1.3B | -$505.1M |
| Free cash flow | $740.9M | $584.1M | $683.9M | $826.2M | $1.0B | $1.8B |
| Total debt | $20.1B | $17.5B | $14.3B | $13.0B | $11.6B | $6.6B |
| Cash | $132.3M | $166.1M | $157.3M | $141.7M | $219.0M | $158.5M |
Revenue growth a year
- 1-year
- 3.1%
- 3-year
- -7.5%
- 4-year
- -0.4%
Compound growth between fiscal years.
Peers
Similar companies
- Dorian LPG Ltd.NYSE:LPGMonkScore range: 70–80
- Teekay CorporationNYSE:TKMonkScore range: 80–90
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Page built on 31 October 2026.