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Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

270.10 1.72 −0.63%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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

Alert me on P/S ratio

As of 5 November 2026, Targa Resources, Inc. (TRGP) trades at a P/S ratio of 3.2×. Over the past ten years it has ranged from 0.1× (February 2016) to 3.9× (August 2026); the current reading is higher than 96% of that period. That is above the Oil & Gas Midstream industry median of 2.4× and above the Energy sector median of 1.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.3× (2.42%)
FY2024 2.4× 98.53%
FY2023 1.2× 57.51%
FY2022 0.8× 8.90%
FY2021 0.7× (4.99%)
FY2020 0.7× (32.26%)
FY2019 1.1× 42.13%
FY2018 0.8× (33.15%)
FY2017 1.2× (13.89%)
FY2016 1.3× 515.46%

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.2× (7.26%)
Jun 2026 3.4× 5.70%
Mar 2026 3.3× 38.89%
Dec 2025 2.3× 12.85%
43 more quarters

Against its own ten years

Low 0.1× High 3.9×
Ten-year median 1.0×
Current reading's percentile 95

P/S ratio against peers

Company P/S ratio
ET Energy Transfer LP compare 0.5×
EPD Enterprise Products Partners L.P. compare 1.2×
OKE ONEOK, Inc. compare 1.3×
LNG Cheniere Energy, Inc. compare 2.5×
TRGP Targa Resources, Inc. 3.2×
KMI Kinder Morgan, Inc. compare 3.7×
MPLX MPLX LP compare 4.3×
TRP TC Energy Corporation compare 5.8×
WMB Williams Companies, Inc. (The) compare 6.4×
Oil & Gas Midstream industry median 2.4×
Energy sector median 1.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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