Targa Resources Corp. · Natural Gas Transmission

TRGP

Low riskNext report: Around Nov 4 (est.)

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The short version

A profitable company with steady sales. Institutions are adding.

Going well

Profitable
Brings in more cash than it spends
Buying back shares: share count down 6.1% in 3 years

Watch out for

High debt: 5.68x equity

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.5% to their holdings in the quarter ending June 2026 (545 bought, 432 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$304.71+0.7% that day

Company value: $65.3B; Share price times all shares
Price vs profit (P/E): 29.1x; You pay about $29 for each $1 of yearly profit
Price vs sales: 3.9x; Company value is 3.9 times a year of sales
Dividend yield: 1.2%; Yearly dividend as a share of today's price
Cash vs value: 0%; Cash as a share of company value
Debt vs value: 27%; Debt as a share of company value

From TRGP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$4.4B+4.2% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $16.7B, down 2.0% from the 12 months before. Over 5 years, sales grew about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TRGP. Starting points are the company's recent numbers.

Sales growth-2% a yearRecently: -2.0% a yearProfit margin14%Last 12 months: 13.5%P/E at the end29xToday: 29.1x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$15.1B

Profit in 5 years$2.1B

Price these guesses point to$316.98+4.0% vs $304.71 todayAbout +0.8% a year, before dividends

What today's price needs: with a 14% margin and a 29x P/E, sales could shrink about 2.8% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.67.9%
MissDebt under half of equityNot relying on borrowed money.5.68x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.3%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$584.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.1% in 3 years

Revenue: $17.0B; +3.9% vs prior year
5-year growth: +15.6%/yr; revenue, per year
Total debt: $17.4B; 5.68x equity
Current ratio: 0.67x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.