TRGP|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $2.82 | - | - |
| Q2'26 | $2.77 | $3.54 | +27.7% |
| 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% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $5.0B | - | - |
| Q2'26 | $4.8B | $4.4B | -8.3% |
| Q1'26 | $4.9B | $4.1B | -16.5% |
| Q4'25 | $4.9B | $4.1B | -16.6% |
| Q3'25 | - | $4.2B | - |
| Q2'25 | - | $4.3B | - |
TRGP|Monthly Returns
Market Data
TRGP Stock Snapshot
- Market cap
- 61.21B
- P/E ratio
- 27.0
- Day range
- $282.67 – $296.63
- News sentiment
- 65/100 · Bullish
- Analyst target
- $318.81 (+9.1%)
- Consensus
- Buy · 33 analysts
Targa Resources Corp. is consolidating: price is near its 52-week high without a decisive push either way. In Energy, names this size usually take direction from sector flows before company-level news.
Reverse DCF
What growth is priced into TRGP?
At today's price, Targa Resources Corp. needs to grow free cash flow about 54.4% a year for the next 10 years to justify its valuation at a 8.09% cost of capital. Over its actual history it has compounded free cash flow at 17.5% a year, so the market is asking for 36.8 percentage points above its own delivered rate. On that basis TRGP looks priced above what its own growth record supports.
- Implied FCF growth
- 54.4%
- Historical FCF CAGR
- 17.5%
- Growth gap
- +36.8 pts
- Verdict
- RICH
- Discount rate (WACC)
- 8.09%
- Beta
- 0.79
Behaviour On Record
What TRGP's own history says about today's numbers
- Realized volatility (21d)
- 28.0% 34th pct
- Below its peak
- -5.8%
- vs 200-day average
- +17.9%
- Up days (1y)
- 57%
Targa Resources Corp. is currently running 28.0% annualised volatility over the last 21 sessions. Measured against TRGP's own 13 years of daily returns rather than a market-wide average, that is the 34th percentile — on the quiet side for this stock, against a typical reading of 32.4%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
TRGP is trading -5.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -33.9%, and the deepest was -87.8% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.
Price sits +17.9% from its 200-day moving average. Against every other day in its history, that gap ranks at the 67th percentile — a somewhat wider gap than its own norm. Over the past year TRGP closed higher on 57% of sessions, and it is currently 4 sessions into a falling streak.
On September specifically: over 13 years of records, TRGP finished the month higher 6 of 13 times, with a median return of -0.8% and an average of -0.4%. Its strongest month historically has been April at +13.6% on average, its weakest March at -2.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: TRGP has opened more than 2% away from the prior close in 292 of 3,267 sessions (8.9% of the time), with the largest gaps running +21.2% and -13.4%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
Across the last 3 dated reports on file, TRGP moved an average of 3.0% in the session after earnings, closing higher 1 of those 3 times, with a median move of -1.7% and a largest of -4.2%.
All figures computed from 3,268 daily closes between 2013-09-18 and 2026-09-16, split-adjusted, recomputed daily. Percentiles are against TRGP's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of TRGP's sector?
Targa Resources Corp. sits in the Energy sector, currently ranked 2nd of 11 GICS sectors by relative-strength rotation score (weakening).
- Sector rank
- #2 of 11
- Sector state
- Weakening
- Sector rotation score
- 80
Analyst Rating Changes
Are analysts turning bullish or bearish on TRGP?
TD Cowen most recently upgraded Targa Resources Corp. to Buy on Sep 18, 2026 with a price target of $350 (from $275). Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.
- Latest action
- TD Cowen — Buy
- 90-day upgrades
- 1
- 90-day downgrades
- 0
- Net rating momentum
- +1
TRGP Competitive Positioning
- TRGPyou're hereTarga Resources Corp.$61.2B+0.03%
- WMBThe Williams Companies, Inc.$89.1B-0.03%
- KMIKinder Morgan, Inc.$68.4B-0.03%
- OKEONEOK, Inc.$58.8B-0.03%
