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TRGP · Targa Resources Corp.

$261.66 -5.98 (-2.23%)
Market Cap
$56.55B
Shares
214.64M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$267.64 Open$276.43 Day$267.11–281.04 52W$142.48–290.69 Avg vol 30d1.2M Short int4.2M · 1.9% float · 3.6d Short vol60% Last earningsAug 6, 2026 DataJan 2020–Jul 2026 Filing10-Q · May 7

Up next

Next earnings call
Aug 6, 2026 Scheduled · in 1 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed May 7, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Neutral Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
      Market backdrop VIX 18.7 · elevated Equity put/call 0.66
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg +21%
      above
      Price vs 50-day avg −1%
      below
      RSI (14) 44
      neutral
      MACD trend Negative
      52-week position 84%
      mid-range
      Momentum
      relative strength
      Very Strong
      1-month return −2%
      trailing
      6-month return +35%
      trailing
      YTD return +46%
      this year
      Relative strength +28%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $270 › 200d $220 — 50d above 200d
      Institutional flow Distributing
      318 of 1,039 funds reported for Jun 30 · net -1.1M sh shares · +28 new
      Insider flow Distributing
      Net -$2.7M over 90 days · 100% sells
      Short interest Falling
      1.94% of float · ▼ -10.4% MoM · 3.6 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,039 holders — near 3-yr high, broad support
      Squeeze score 48
      elevated · 0–100
      Fundamentals
      Strong
      Revenue growth +4%
      Y/Y
      Gross margin 15%
      expanding
      EPS growth +48%
      Y/Y
      Free cash flow $584.1M
      Valuation P/E 26.9
      in line
      Buyback $1.3B
      remaining
      Balance sheet $5.6B
      net debt
      Quant / Vol
      risk profile
      Moderate
      Volatility 28%
      annualized · 1-yr
      Max drawdown −16%
      past year
      ATR 2.7%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed May 7, 2026
      Adjusted EBITDA · full year 2026 Non-GAAP Initiated $5.7B – $5.9B
      Net growth capital expenditures · full year 2026 Initiated at least $4.5B
      Net maintenance capital expenditures · full year 2026 Initiated at least $250M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      1 · 4 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +21% Bullish
      Price vs 50-day avg
      −1% Neutral
      RSI (14)
      44 Neutral
      MACD trend
      Negative Bearish
      52-week position
      84% Neutral
      Market signals — smart money & positioning
      Mixed
      Trend (MA cross) No cross
      50d $270 › 200d $220 — 50d above 200d
      Institutional flow Distributing
      318 of 1,039 funds reported for Jun 30 · net -1.1M sh shares · +28 new
      Insider flow Distributing
      Net -$2.7M over 90 days · 100% sells
      Short interest Falling
      1.94% of float · ▼ -10.4% MoM · 3.6 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,039 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      52-wk low $142 Now $268 · 84% 52-wk high $291
      vs 200-day avg +21% vs 50-day avg -1%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from its earnings releases, calls, and filings
      Metric Latest Period YoY
      remaining authorization under Share Repurchase Programs $1,319M as of March 31, 2026
      shares repurchased 227,801 first quarter 2026
      Adjusted cash flow from operations non-GAAP $4,108.9M Year Ended December 31, 2025
      Adjusted free cash flow non-GAAP $47.6M Three Months Ended December 31, 2025
      Adjusted operating margin non-GAAP $3,346.2M Year Ended December 31, 2025
      NGL production - Total Permian 937.7 Three Months Ended December 31, 2025
      Plant natural gas inlet - Permian Delaware 3,408.6 Three Months Ended December 31, 2025
      Plant natural gas inlet - Permian Midland 3,242.1 Three Months Ended December 31, 2025
      Plant natural gas inlet - Total 8,016.2 Year Ended December 31, 2025
      Plant natural gas inlet - Total Permian 6,391.4 Year Ended December 31, 2025

      Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file

      Versus peers

      Oil & Gas Midstream — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      TRGP
      Targa Resources Corp.
      this stock
      $56.55B +45.8% +3.9% 26.9 1.9%
      ENB
      Enbridge Inc
      $121.04B +17.3% 1.1%
      WMB
      Williams Companies, Inc.
      $86.00B +18.6% -0.5% 30.8 1.7%
      EPD
      Enterprise Products Partners L.P.
      $83.58B +20.9% -14.6% 0.8%
      KMI
      Kinder Morgan, Inc.
      $70.70B +16.6% +12.2% 20.4 2.0%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      1,048
      % held
      87.1%
      Reported
      318 of 1,039
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      834
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      4.2M
      Days to cover
      3.6d
      Change
      -482.3K sh
      View
      Short Volume
      Short vol %
      60%
      As of
      Jul 27, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      2.9K
      Value
      $794.8K
      As of
      Jun 30, 2026
      View
      Off-Exchange
      Off-exchange %
      40.5%
      Week of
      Jul 6, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$2.7M
      Buyers / Sellers
      0 / 1
      Buyers Sellers
      View
      Congressional Trades Buy
      Member
      Gilbert Cisneros
      Amount
      $1.0K–$15.0K
      Traded
      Feb 10, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $17.0B
      Net income (FY)
      $1.9B
      EPS diluted
      $8.49
      View
      Buybacks
      Authorized
      $1.0B
      Remaining
      $1.3B
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Jul 17, 2026
      This year
      10
      View
      Proposed Sales
      Value
      $2.7M
      Shares
      10.6K
      Filed
      May 12, 2026
      View
      Earnings & Events
      Earnings Calls Upcoming
      Next call
      Aug 6, 2026
      Last call
      May 7, 2026
      View
      Investor Relations
      Upcoming events
      1
      View

      Performance

      5D 20D 120D MTD YTD
      TRGP -5.2% -1.8% +34.7% -0.2% +45.8%
      SPY -0.6% +0.7% +6.8% -1.0% +8.4%
      vs SPY -4.6% -2.5% +27.9% +0.8% +37.4%

      Capital returns

      Latest dividend
      $1.25 / share · ex Apr 30, 2026
      Raised 25%
      Paid (TTM)
      $4.25 / share · 4 payouts
      Dividend yield (TTM, derived)
      1.59%
      Buyback program · as of Mar 31, 2026
      Authorized
      $1.00B
      Spent (derived)
      Remaining
      $1.32B

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1389170 CUSIP 87612G101 13F (30d) 331 filings 301 filers Visit website Investor relations