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Targa Resources Corp. (TRGP)

Energy · end-of-day data as of Oct 16, 2026

Targa Resources Corp.
TRGP · $63.24B
$294.90+5.3%last 60 sessions · close Oct 16, 2026
$143.22$302.2552 weeks
Buy · 22 analystsPT $313.97 +6.5%
  • P/E vs own+18.0%
  • P/E vs sector+58.5%
  • Target upside+6.5%
  • Off 52w high-2.4%
  • Insiders-$2.13M
  • FCF yield+1.2%
  • Earnings in20d
  • Trendbullish
  • Sector▲ +16.8%
  • RSI58
  • MA20×50Death 4d ago
  • Volume1.0x
  • Support-2.4%
  • Resistance+1.4%

The average 12-month analyst price target for TRGP is $313.97, 6.5% above the last close of $294.90 on Oct 16, 2026; targets range from $227.81 to $357.91. Rating consensus: Buy.

Snapshot

  • P/E28.1x
  • P/E vs sector+58.5%
  • P/E vs own+18.0%
  • Target upside+6.5%
  • ConsensusBuy
  • Market cap$63.24B
  • FCF yield+1.2%
  • Insiders-$2.13M
  • Earnings in20d
  • News1.00

Why it moved

Targa Resources Corp. (TRGP) rose 4.4% on Oct 16, 2026.

The market (SPY) fell 1.1%; Energy stocks rose 2.4%. Most of the move came from its sector.

Market (SPY)-1.1%
Energy sector+3.5%
TRGP specific+2.0%

1 story on the day (30-day average 0.5).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Price and events

⇔⇕$154$200$246$292Oct 25Jan 26Apr 26Jul 26Oct 26DEDEDAEDEADE

Last close $294.90 · +105.9% over 1y · E earnings · D dividend · S split · A analyst rating change

Technicals

  • Trendbullish
  • Sector▲ +16.8%
  • MAs20▲ 50▲ 100▲ 200▲
  • Above MAs4 of 4 above
  • MA20×50Death 4d ago
  • RSI58
  • Support-2.4%
  • Resistance+1.4%
  • Off 52w high-2.4%
  • Off ATH-2.4%
  • 52w range$294.90
  • Bollingerupper half
  • MACD1.00
  • ATR+2.7%
  • Volume1.0x

Analyst price targets

Low$227.81
Average$313.97
Median$321.15
High$357.91
Upside+6.5%

15 firms with a target in the last 12 months · last close $294.90 · as of Oct 16, 2026

⇔⇕$132$194$256$319$381Oct 25Mar 26Aug 26Jan 27Jun 27-29%-18%-8%+12%+10%+9%
— actual price● bullish target● bearish targethover a dot to see the analysts behind it · wheel or drag to move through time · drag the price axis on the right to stretch it · double-click resets

Strong buy 6 · Buy 15 · Hold 1 · Sell 0 · Strong sell 0

Revenue and free cash flow

Q2 FY2026: Revenue +10.3% year over year, free cash flow 9.7% of revenue, operating margin 27.8%.

RevenueFree cash flow
Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Q2 FY2026Jun 30, 2026$4.44B3.56$431M48.2%27.8%17.2%
Q1 FY2026Mar 31, 2026$4.09B2.21-$160M31.1%20.7%11.7%
Q4 FY2025Dec 31, 2025$4.06B2.53$542M43.1%22.6%13.4%
Q3 FY2025Sep 30, 2025$4.2B2.20-$72.6M23.3%21.1%11.3%
Q2 FY2025Jun 30, 2025$4.03B2.88-$47.8M22.2%20.1%15.5%
Q1 FY2025Mar 31, 2025$4.85B0.91$162M19.0%17.2%4.1%
Q4 FY2024Dec 31, 2024$4.41B1.45$601M25.1%15.9%8.0%
Q3 FY2024Sep 30, 2024$3.89B1.75-$288M22.2%19.7%9.9%

Peers

20D
1WMBThe Williams Companies, Inc.$71.28+3.0%-8.9%+19.3%28.3$87.19B
2KMIKinder Morgan, Inc.$34.20+4.2%0.0%+5.3%21.9$76.16B
3TRGPTarga Resources Corp.$294.90+4.4%-2.4%+6.5%28.1$63.24B
4OXYOccidental Petroleum Corporation$62.38+2.8%-5.0%+12.6%9.6$62.36B
5OKEONEOK, Inc.$93.31+2.9%-4.3%+1.8%16.1$58.82B
6FANGDiamondback Energy, Inc.$203.95+4.3%-3.6%+10.6%39.8$57.11B
7DVNDevon Energy Corporation$50.73+3.0%-1.2%+19.7%12.0$55.8B
8BKRBaker Hughes Company$55.70+2.4%-19.5%+27.7%17.9$55.29B

Data as of Oct 16, 2026 close.

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