US · TRGP
Targa Resources Corp.
- Sector
- Energy · Oil & Gas Midstream
- Headquarters
- Houston, TX 77002
- Website
- targaresources.com
Price · as of 2025-12-31
$254.28
Market cap 50.62B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $178.81 | -29.68% |
| Intrinsic Value(DCF) | $100.36 | -60.53% |
| Graham-Dodd Method(GD) | $0.07 | -99.97% |
| Graham Formula(GF) | $94.37 | -62.89% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $24.34 | $18.56 | $277.87 | $0.00 | $26.14 |
| 2012 | $34.47 | $86.33 | $0.00 | $0.00 | $0.00 |
| 2013 | $56.85 | $159.36 | $0.00 | $0.00 | $30.69 |
| 2014 | $52.84 | $62.58 | $273.22 | $0.00 | $94.36 |
| 2015 | $18.08 | $48.52 | $0.00 | $0.00 | $0.00 |
| 2016 | $38.68 | $18.03 | $0.00 | $0.00 | $0.00 |
| 2017 | $34.22 | $20.93 | $0.21 | $0.00 | $10.58 |
| 2018 | $31.87 | $50.74 | $120.69 | $0.00 | $0.19 |
| 2019 | $24.72 | $39.33 | $2.83 | $0.00 | $8.00 |
| 2020 | $31.58 | $19.20 | $4.50 | $0.00 | $0.00 |
| 2021 | $63.06 | $25.22 | $4,043.49 | $0.00 | $35.54 |
| 2022 | $69.05 | $52.44 | $7,149.54 | $11.80 | $158.15 |
| 2023 | $99.91 | $65.05 | $1,140.40 | $2.10 | $0.00 |
| 2024 | $178.62 | $125.58 | $11.11 | $0.00 | $82.17 |
| 2025 | $239.61 | $178.81 | $9.80 | $0.07 | $94.36 |
AI valuation
Our deep-learning model estimates Targa Resources Corp.'s (TRGP) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $178.81
- Current price
- $254.28
- AI upside
- -29.68%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$100.36
-60.53% upside
Graham-Dodd
$0.07
-99.97% upside
Graham Formula
$94.37
-62.89% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| TRGP | Targa Resources Corp. | $254.28 | 50.62B | -30% | -61% | -100% | -63% | 27.98 | 16.79 | 3.01 | 14.17 | 57.76 | 36.37 | 26.51% | 20.11% | 10.76% | 65.06% | 14.65% | 7.68% | 5.68 | 4.04 | 0.67 | 0.46 | 3.56 | 4843.00% | 306.00% | -1459.00% | 1.13% | 1.10 | 3.15% | 1.59% | 44.40% | 2.83% | 19.96 | 117.76 | 4.01 | 2.61 |
| CQP | Cheniere Energy Partners,… | $61.30 | 29.67B | -16% | -43% | — | +209% | 11.97 | 9.57 | 2.81 | 10.09 | 26.50 | 9.57 | 34.35% | 34.45% | 27.77% | 101.35% | 21.58% | 14.46% | 4.65 | 4.92 | 0.78 | 0.64 | 3.27 | 4518.00% | 2360.00% | -871.00% | 8.51% | 1.62 | 14.96% | 6.84% | 81.80% | 8.16% | 12.06 | 17.39 | 4.15 | 2.36 |
| CVE | Cenovus Energy Inc. | $22.31 | 42.09B | -30% | -59% | -52% | — | 14.73 | 1.83 | 1.17 | 6.95 | 51.26 | 2.02 | 10.46% | 8.82% | 7.91% | 12.80% | 9.25% | 6.55% | 0.54 | 9.39 | 1.57 | 0.98 | 1.38 | 2874.00% | -1398.00% | -1931.00% | 5.89% | 1.30 | 8.19% | 2.48% | 36.60% | 6.80% | 16.46 | 21.18 | 1.45 | 2.44 |
| EQT | EQT Corporation | $61.42 | 38.34B | -41% | -42% | -32% | +318% | 16.55 | 1.62 | 4.24 | 7.87 | 2.34 | 1.79 | 48.86% | 34.70% | 22.48% | 10.49% | 8.04% | 5.70% | 0.33 | 7.18 | 0.76 | 0.64 | 1.31 | 70732.00% | 7374.00% | 39498.00% | 7.37% | 2.06 | 9.27% | 1.01% | 16.80% | 4.84% | 14.67 | 16.28 | 5.09 | 2.19 |
| ET | Energy Transfer LP | $18.84 | 64.82B | -27% | -6% | — | -42% | 12.21 | 2.03 | 0.84 | 9.38 | 223.33 | 3.25 | 21.79% | 11.42% | 5.93% | 16.43% | 9.11% | 4.27% | 2.08 | 2.84 | 1.22 | 0.85 | 4.71 | 547.00% | -5.00% | -4762.00% | 5.52% | 0.68 | 3.85% | 6.78% | 82.80% | 6.78% | 14.83 | 36.40 | 1.69 | 1.28 |
| FANG | Diamondback Energy, Inc. | $174.08 | 49.88B | +1% | -51% | -44% | +42% | 31.09 | 1.40 | 3.44 | 9.24 | — | 1.40 | 35.16% | 32.73% | 11.07% | 4.45% | 8.01% | 2.41% | 0.39 | 20.16 | 0.42 | 0.32 | 2.01 | -6310.00% | 3631.00% | -19741.00% | 10.12% | 1.90 | 10.33% | 2.23% | 69.50% | 6.12% | 13.44 | 12.63 | 4.40 | 1.59 |
| OKE | ONEOK, Inc. | $82.77 | 52.08B | +20% | +582% | -21% | +298% | 9.12 | 2.41 | 1.61 | 11.17 | 188.70 | 4.71 | 21.46% | 20.72% | 10.10% | 30.09% | 10.35% | 9.10% | 1.46 | 3.91 | 0.71 | 0.49 | 4.20 | 484.00% | 5542.00% | 5061.00% | 7.96% | 1.52 | 8.32% | 1.19% | 10.90% | 1.28% | 12.49 | 20.15 | 2.59 | 1.60 |
| OXY | Occidental Petroleum Corp… | $53.08 | 52.35B | -15% | -48% | -54% | — | 22.32 | 1.47 | 2.45 | 6.59 | — | 1.47 | 33.78% | 17.24% | 10.97% | 6.75% | 4.28% | 2.75% | 0.66 | 4.14 | 0.94 | 0.56 | 1.93 | -3402.00% | -2032.00% | -715.00% | 7.76% | 1.12 | 7.01% | 3.01% | 67.30% | 8.69% | 20.11 | 18.23 | 3.47 | 1.37 |
| PAA | Plains All American Pipel… | $20.91 | 14.75B | -10% | -50% | +16% | — | 10.47 | 1.53 | 0.34 | 9.26 | 8.22 | 1.86 | 6.04% | 3.24% | 3.24% | 14.61% | 8.39% | 5.06% | 1.15 | 2.59 | 0.96 | 1.76 | 2.82 | 12740.00% | -1161.00% | -10000.00% | 0.00% | 0.60 | 0.00% | 0.00% | 0.00% | 6.77% | 15.06 | — | 0.49 | 2.14 |
| PBA | Pembina Pipeline Corporat… | $43.99 | 25.56B | -18% | -50% | — | -42% | 23.63 | 2.39 | 5.15 | 16.67 | — | 3.84 | 38.36% | 36.11% | 21.78% | 9.88% | 7.11% | 4.74% | 0.79 | 4.79 | 0.61 | 0.46 | 4.13 | -1133.00% | 534.00% | 1018.00% | 6.22% | 1.60 | 8.21% | 4.43% | 104.60% | 4.43% | 18.95 | 21.39 | 6.84 | 1.73 |
| WDS | Woodside Energy Group Ltd | $20.48 | 38.83B | +15% | -36% | -60% | -52% | 14.93 | 1.13 | 3.13 | 5.15 | — | 1.31 | 34.94% | 29.81% | 20.93% | 7.62% | 6.35% | 4.25% | 0.38 | 351.45 | 1.59 | 1.27 | 0.85 | -2406.00% | -148.00% | -18275.00% | -1.93% | 1.33 | -1.81% | 4.96% | 74.00% | 5.09% | 12.50 | -61.84 | 3.72 | 1.49 |
About Targa Resources Corp.
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages 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. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
- CEO
- Matthew J. Meloy
- Employees
- 3.37K
- Beta
- 0.87
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($100.36 ÷ $254.28) − 1 = -60.53% (DCF, example).