TRGP

Targa Resources Corp.

EnergyOil & Gas MidstreamNASDAQ

$245.48

+$12.06 (4.91%)today

Conviction

0/ 10

Fair Value$255.10

Upside+3.92%

Signal0

Market Cap$53.3B

52W Range$144.14–$253.40

Next EarningsApr 30

Price History

FAIR VALUE ANALYSISMonte Carlo · 3,000 runs · 55% valid

Fair Value$40.27

Current Price$239.15

Upside / Down-83.2%

P(Undervalued)0.0%

P(20%+ Up)0.0%

P(15%+ Down)100.0%

Fair Value Distribution — percentile bands

0.0% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

25.6%/yr

±7.8% · revenue growth to justify current price

FCF-Based Reverse DCF

53.7%/yr

±4.4% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

Quick Take

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.

Trailing P/E29.2x

Forward P/E22.4x

P/S3.1x

EPS (TTM)$8.48

Analyst Target$255.10

Analyst Upside3.9%

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Bull Case

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Bear Case

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Research Feed

sec_10kMar 2

Conviction: unchanged

Targa 2025 10-K: Disciplined Permian Consolidation + Growth Capex

Disciplined Permian consolidation: Badlands 100% ($1.8B) + Stakeholder ($1.25B) acquisitions. 11 Bcf/d gathering, 1.1 MBbl/d fractionation. $2.6B capex (8 processing plants, 3 fractionation trains, Sp...