Friday 6 November 2026 Export TRGP’s income statement to Excel — free account

Targa Resources, Inc.

Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024.

Revenue: +34.9%
EPS: +38.0%
Free cash flow: +265.7%
Total debt: +13.8%

Quarter to September 2026, against a year earlier

267.45 4.37 −1.61%

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Market cap: $58.3B
P/E: 24.1×
Fwd P/E: 27.8×
Dividend yield: 1.74%
F-score: 6/9
Altman Z: 2.27
Beneish M: −3.05
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

Alert me on P/E ratio

As of 5 November 2026, Targa Resources, Inc. (TRGP) trades at a P/E ratio of 24.1×. Over the past ten years it has ranged from 0.0× (June 2022) to 203× (June 2018); the current reading is higher than 53% of that period. That is above the Oil & Gas Midstream industry median of 11.7× and above the Energy sector median of 11.9×.

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<iframe src="https://stockrow.com/embed/TRGP/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Targa Resources, Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/TRGP/metrics/pe-ratio">Targa Resources, Inc. (TRGP) P/E ratio — stockrow.com</a></p>

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×	—

Period	P/E ratio	Change
Sep 2026	23.9×	(6.66%)
Jun 2026	25.6×	0.22%
Mar 2026	25.5×	17.79%
Dec 2025	21.7×	(3.71%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 203×

Ten-year median 23.5×

Current reading's percentile 29

Company	P/E ratio
EPD Enterprise Products Partners L.P. compare	12.2×
ET Energy Transfer LP compare	12.6×
MPLX MPLX LP compare	13.2×
OKE ONEOK, Inc. compare	13.3×
KMI Kinder Morgan, Inc. compare	18.7×
LNG Cheniere Energy, Inc. compare	19.4×
TRGP Targa Resources, Inc.	24.1×
WMB Williams Companies, Inc. (The) compare	24.7×
TRP TC Energy Corporation compare	26.0×
Oil & Gas Midstream industry median	11.7×
Energy sector median	11.9×
Market median	17.9×

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 →

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

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on TRGP

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on TRGP

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