Targa Resources, Inc.

As of June 30, 2026, Targa Resources Corp. carries a market capitalization of 51.25B, placing it among publicly traded companies globally. Its enterprise value stands at 68.39B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Targa Resources Corp.'s next confirmed earnings release is scheduled for November 5, 2026.

As of June 30, 2026, Targa Resources Corp. has 214.42M shares outstanding.

As of June 30, 2026, Targa Resources Corp. trades at a trailing price-to-earnings ratio of 25.86. The price-to-sales ratio is 3.50, and the price-to-book ratio stands at 16.01.

As of June 30, 2026, Targa Resources Corp. trades at an EV/EBITDA multiple of 14.23 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 4.67 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 20.37 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Targa Resources Corp. trades at an EV/FCF ratio of 61.47, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 68.39B versus a market cap of 51.25B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Targa Resources Corp. maintains a current ratio of 0.77, meaning it holds 0.8x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 515.79, indicating elevated leverage, while an interest coverage ratio of 8.14 demonstrates adequate ability to service its debt obligations.

Over the twelve months ended June 30, 2026, Targa Resources Corp. posted a return on equity (ROE) of 72.63, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 14.06 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 8.72, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 12.86, useful for judging operating efficiency across full business cycles. The company generates approximately 4.16M in revenue per employee across its workforce of 3,520.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 29.56 indicates how many times Targa Resources Corp. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Targa Resources Corp. recorded 546.62M in income tax expense. That works out to an effective tax rate of 21.32, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 2.56B, leaving 1.98B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 22, 2026, Targa Resources Corp.'s stock has gained approximately 94.00% over the past 52 weeks. The 50-day moving average sits at 251.13, while the 200-day moving average is 221.64.

Over the twelve months ended June 30, 2026, Targa Resources Corp. generated 14.65B in revenue and converted that into 1.98B in net income, yielding earnings per share of 9.39. EBITDA reached 4.80B, while operating income came in at 3.36B.

As of June 30, 2026, Targa Resources Corp. holds 115.80M in cash and equivalents against 17.14B in total debt, resulting in a net debt position of 16.33B. Total book value stands at 3.20B, with working capital of -684.48M providing operational flexibility.

Targa Resources Corp. produced 3.75B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -3.10B in capital expenditures, free cash flow totaled 648.51M - equivalent to 3.02 per share.

Over the twelve months ended June 30, 2026, Targa Resources Corp. posted a gross margin of 33.32, reflecting its pricing power and cost economics. The operating margin of 22.91 and net profit margin of 13.54 provide insight into operational efficiency.

Over the twelve months ended June 30, 2026, Targa Resources Corp. paid dividends of 3.76 per share. The dividend payout ratio of 39.34 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 1.26, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield is negative at -1.33, meaning Targa Resources Corp. raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of June 30, 2026, Targa Resources Corp. has an Altman Z-Score of 2.66, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.