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Saturday 17 October 2026 Export TRGP’s income statement to Excel — free account

Targa Resources, Inc.

TRGP Energy Oil & Gas Midstream

Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024. In the quarter to June 2026, revenue grew 4.23%, EPS grew 22.9%, free cash flow grew 1,002.1% and total debt rose 16.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for five.

294.21 11.66 +4.13%
Market cap
$60.6B
P/E
28.0×
Fwd P/E
24.7×
Dividend yield
1.53%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Targa Resources, Inc. (TRGP) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Targa Resources, Inc. (TRGP) trades at a P/E ratio of 28.0×. Over the past ten years it has ranged from 0.0× (June 2022) to 203× (June 2018); the current reading is higher than 62% of that period. That is above the Oil & Gas Midstream industry median of 12.8× and above the Energy sector median of 13.9×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 21.7× (29.88%)
FY2024 30.9× 31.86%
FY2023 23.4× 31.27%
FY2022 17.8× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 25.6× 0.22%
Mar 2026 25.5× 17.79%
Dec 2025 21.7× (3.71%)
Sep 2025 22.5× (9.57%)
42 more quarters

Against its own ten years

Low 0.0× High 203×
Ten-year median 23.4×
Current reading's percentile 45

P/E ratio against peers

Company P/E ratio
MPLX MPLX LP compare 12.5×
EPD Enterprise Products Partners L.P. compare 12.8×
ET Energy Transfer LP compare 13.8×
OKE ONEOK, Inc. compare 16.1×
LNG Cheniere Energy, Inc. compare 21.4×
KMI Kinder Morgan, Inc. compare 21.9×
TRP TC Energy Corporation compare 25.6×
TRGP Targa Resources, Inc. 28.0×
WMB Williams Companies, Inc. (The) compare 28.3×
Oil & Gas Midstream industry median 12.8×
Energy sector median 13.9×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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