TAR Stock Chart & Stats
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Bulls Say, Bears Say
Bulls Say
Improving Margins & ProfitabilityMargin expansion and materially stronger profitability indicate durable operating leverage in Targa’s integrated midstream model. Sustained higher gross and net margins support internally funded growth, dividends and buybacks, and make cash flows more resilient to moderate commodity swings over the next several quarters.
Record Throughput And Project ExecutionConsistent project delivery and rising throughput materially increase capacity and scale in key basins. Bringing fractionators, pipelines and processing plants online converts acreage dedications into baseload volumes, deepening competitive barriers, steadying fee and volume-dependent revenue, and supporting multi-year EBITDA growth.
Strong Operating Cash Flow And LiquidityRobust operating cash generation and expanded receivables funding give Targa durable financial flexibility to fund ~$4.5B growth capex, maintain dividends and execute buybacks while managing leverage. Stable OCF and liquidity facilities reduce refinancing risk through project buildouts and cyclical troughs.
Bears Say
High And Rising Absolute DebtElevated absolute leverage and a small equity base constrain financial flexibility and heighten sensitivity to rate moves or volume shocks. Large debt loads limit spare capacity for incremental opportunistic capital and increase risk if industry conditions weaken or capital markets tighten over the medium term.
Thin Free Cash Flow Versus EarningsA low FCF-to-net-income ratio means much reported profit is absorbed by growth capex and working capital. This structural capital intensity reduces the durability of distributable cash and raises execution risk: if volumes or marketing margins soften, cash available for dividends or debt reduction could fall quickly.
Commodity Sensitivity And Fee-floor ExposureG&P margins and throughput are exposed to regional basis and commodity price swings; persistent weakness can trigger producer curtailments and reduce fee-based stability. Reliance on marketing optimization and fee floors that may stay below thresholds makes cash flows more cyclical and less predictable over months-to-years.
Targa Resources News
TAR FAQ
What was Targa Resources Corp.’s price range in the past 12 months?
Currently, no data Available
What is Targa Resources Corp.’s market cap?
Targa Resources Corp.’s market cap is CHF48.12B.
When is Targa Resources Corp.’s upcoming earnings report date?
Targa Resources Corp.’s upcoming earnings report date is Oct 29, 2026 which is in 74 days.
How were Targa Resources Corp.’s earnings last quarter?
Targa Resources Corp. released its earnings results on Aug 06, 2026. The company reported $2.888 earnings per share for the quarter, beating the consensus estimate of $2.303 by $0.585.
Is Targa Resources Corp. overvalued?
According to Wall Street analysts Targa Resources Corp.’s price is currently Undervalued.
Does Targa Resources Corp. pay dividends?
Targa Resources Corp. does not currently pay dividends.
What is Targa Resources Corp.’s EPS estimate?
Targa Resources Corp.’s EPS estimate is 2.21.
How many shares outstanding does Targa Resources Corp. have?
Currently, no data Available
What happened to Targa Resources Corp.’s price movement after its last earnings report?
Targa Resources Corp. reported an EPS of $2.888 in its last earnings report, beating expectations of $2.303. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of Targa Resources Corp.?
Currently, no hedge funds are holding shares in CH:TAR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Targa Resources Stock Smart Score
Company Description
Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.
TAR Company Deck
TAR Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational execution and record volumes across the Permian and downstream systems, with significant adjusted EBITDA growth, project progress (multiple plants, fractionators and pipeline expansions), robust liquidity and increased shareholder returns. Key near-term challenges include earlier price-driven shut-ins, per-unit margin pressure in G&P due to commodity sensitivity, moderation of marketing optimization gains in H2, and extended lead times for some project components. On balance, the positive operational momentum, record throughput, project execution and financial strength materially outweigh the disclosed headwinds.View all CH:TAR earnings summariesTAR Revenue Breakdown
15.81% Gathering and Processing
84.22% Logistics and Transportation
-0.03% Other
