DailyIQ
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Sector:EnergyAll sectors
Last updated 2 minutes ago

TRGP·Targa Resources Corp.

$.
-. (-.%)
After Hours
High
$268.63
Open
$266.19
Market Cap
57.35B
52W High
$280.00
Low
$262.06
P. Close
$262.12
P/E
26.90
52W Low
$144.14
Fwd P/E
22.14
Mean Target
-
Technical Score (1D)
82
BUY
News Sentiment
70
BULLISH
Mizuho Securities has raised its price target for Targa Resources to $300 from $260, while maintaining an Outperform rating. This analyst upgrade suggests continued confidence in TRGP's market position and future performance. The average analyst price target currently sits at $278.40, reinforcing a generally positive sentiment among market watchers. Investors will be watching to see if this upward revision influences broader analyst sentiment and potentially impacts trading activity in the near term.
Earnings Summary
Targa Resources, Inc. is a North American midstream energy company providing essential infrastructure for the energy sector, focusing on gathering, processing, and transporting natural gas, natural gas liquids (NGLs), and crude oil. Operating primarily in the Gulf Coast region, Targa offers comprehensive services including NGL balancing and transportation to refineries and petrochemical companies, leveraging a diverse asset base. In the most recent reported quarters, Targa Resources demonstrated a mixed performance against analyst expectations. For Q4 2025, the company reported EPS of $2.51, exceeding its estimate of $2.3382, but revenue of $4.0555 billion fell short of the estimated $4.8603 billion. This followed a Q3 2025 where actual EPS of $2.41219 surpassed the estimate of $2.18489, with revenue of $4.1512 billion also missing the estimate. Looking at the prior two quarters, Q2 2025 saw actual EPS of $2.021 beat the estimate of $1.9774, while Q1 2025 actual EPS of $1.8882 missed the estimate of $2.04273. Historically, Targa Resources has shown a pattern of exceeding earnings estimates in recent periods, with Q4 2025 and Q3 2025 EPS beats, and Q2 2025 also beating estimates, though revenue estimates have been missed more frequently. The company's year-over-year growth trajectory is not fully detailed with the provided data, but the recent performance indicates a strong ability to outperform on earnings per share in several instances. Recent news highlights record first-quarter adjusted EBITDA driven by strong volumes, despite reported revenues and earnings not meeting expectations, suggesting a potential disconnect between operational strength and headline financial figures. Analyst sentiment remains positive, with multiple firms reiterating Overweight ratings and raising price targets, indicating continued confidence in the company's outlook. Investors will be watching for continued operational strength to translate into consistent revenue performance and for the company to navigate any divergence between operational success and reported financial results in upcoming quarters.

EPS

EstBeatMiss
$1.76$2.04$2.33$2.62$2.91Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.77 - -
Q1'26$2.56$2.21-13.8%
Q4'25$2.34$2.51+7.3%
Q3'25$2.18$2.41+10.4%
Q2'25$1.98$2.02+2.2%
Q1'25$2.04$1.89-7.6%

Revenue

EstBeatMiss
$3.9B$4.2B$4.6B$4.9B$5.3BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$5.1B - -
Q1'26$4.9B$4.1B-16.5%
Q4'25$4.9B$4.1B-16.6%
Q3'25 - $4.2B -
Q2'25 - $4.3B -
Q1'25 - $4.6B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

TRGP Stock Snapshot

TRGP is currently trading at $262.39, giving Targa Resources Corp. a market cap of 57.35B and a P/E ratio of 26.9. Today's range spans $262.06–$268.63, with shares opening at $266.19 and moving up $0.27 (0.1%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 70/100.

Over the past year TRGP has traded between $144.14 and $280.00 - the current price is +82.0% off the 52-week low and -6.3% from the high.

In the Energy peer group, Targa Resources Corp. (TRGP) stands out for a BUY signal backed by aligned sentiment - score 82/100, sentiment bullish at 70/100, price $262.39 (in the upper portion of its 52-week range). (P/E: 26.9) With 57.35B in market cap, this is large enough to feature on institutional watch lists but small enough to re-rate meaningfully on a positive earnings surprise. The 52-week span of $144.14–$280.00 shows the stock has already proven it can make significant moves.

The combination of a BUY signal (82/100) and bullish news sentiment (70/100) puts TRGP on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 57.35B in Energy market cap without immediately moving the stock. At $262.39 (in the upper portion of its 52-week range in the $144.14–$280.00 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.