Targa Resources, Inc.

As of June 30, 2026, Targa Resources, Inc. carries a market capitalization of 57.50B, placing it among publicly traded companies globally. Its enterprise value stands at 77.08B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

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

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

As of June 30, 2026, Targa Resources, Inc. trades at a trailing price-to-earnings ratio of 25.39. The price-to-sales ratio is 3.44, and the price-to-book ratio stands at 15.72.

As of June 30, 2026, Targa Resources, Inc. trades at an EV/EBITDA multiple of 14.04 - 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 4.60 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 20.10 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Targa Resources, Inc. trades at an EV/FCF ratio of 60.64, 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 77.08B versus a market cap of 57.50B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Targa Resources, Inc. 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, Inc. 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 4.76M 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, Inc. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Targa Resources, Inc. recorded 624.50M 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 2.93B, leaving 2.27B 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, Inc.'s stock has gained approximately 87.45% over the past 52 weeks. The 50-day moving average sits at 287.82, while the 200-day moving average is 255.72.

Over the twelve months ended June 30, 2026, Targa Resources, Inc. generated 16.74B in revenue and converted that into 2.27B in net income, yielding earnings per share of 10.72. EBITDA reached 5.49B, while operating income came in at 3.84B.

As of June 30, 2026, Targa Resources, Inc. holds 132.30M in cash and equivalents against 19.58B in total debt, resulting in a net debt position of 18.65B. Total book value stands at 3.66B, with working capital of -782.00M providing operational flexibility.

Targa Resources, Inc. produced 4.29B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -3.54B in capital expenditures, free cash flow totaled 740.90M - equivalent to 3.45 per share.

Over the twelve months ended June 30, 2026, Targa Resources, Inc. 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, Inc. paid dividends of 4.29 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 1.29, 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 -1.36, meaning Targa Resources, Inc. raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of June 30, 2026, Targa Resources, Inc. has an Altman Z-Score of 2.63, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.