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Targa Resources (0LD9) Share Price & Analysis

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0LD9 Stock Chart & Stats

$298.29$9.56(3.31%)
At close: 4:30 PM GMT
$275$300Aug 17Aug 31Sep 14Sep 28Oct 12Oct 26Nov 9
Day’s Range
$290.19 - $298.76
52-Week Range
$166.23 - $320.00
Previous Close
$288.73
Volume
N/A
Average Volume (3M)
336
Market Cap
$62.60B
Enterprise Value
$77.96B
Total Cash (Recent Filing)
$142.60M
Total Debt (Recent Filing)
$19.84B
Price to Earnings (P/E)
26.2
Beta
0.71
Next Earnings
Feb 25, 2027 (Est.)
EPS Estimate
2.92
Last Dividend Ex-Date
Oct 30, 2026
Dividend Yield
1.60%

Bulls Say, Bears Say

Bulls Say

Improving Profitability And Operating Leverage

Strengthening revenue, margins, and net income indicate improving operating leverage across Targa’s midstream platform. If sustained, this earnings improvement can support continued investment, enhance resilience through commodity cycles, and increase the company’s capacity to generate shareholder returns over the next several quarters.

Long-term Contracted Customer Growth

Long-duration, fee-based ExxonMobil agreements deepen customer relationships and provide greater visibility into future volumes and infrastructure utilization. The acreage dedications also support returns on new capital, helping extend Targa’s growth runway while reducing reliance on short-term market conditions.

Strong Permian And NGL Network Expansion

Record Permian throughput and NGL volumes demonstrate strong demand for Targa’s integrated gathering, processing, transportation, and fractionation assets. Continued volume growth should improve utilization of existing infrastructure and support returns from plants, pipelines, and export capacity being brought online.

Bears Say

Highly Leveraged Capital Structure

Debt remains very high relative to the equity base, increasing sensitivity to operating downturns, refinancing conditions, and interest costs. Although leverage is lower than in 2025, the capital structure can constrain financial flexibility and compete with growth investment or shareholder returns for available cash.

Capital Intensity Limits Free Cash Flow Conversion

Targa is generating substantial operating cash, but large investment requirements leave a comparatively modest residual amount after capital spending. Elevated growth capital through 2027 may delay stronger free cash flow, limit deleveraging progress, and increase dependence on disciplined project execution.

Exposure To Volume And Market Volatility

Despite record physical volumes, quarterly earnings remain exposed to marketing opportunities, LPG exports, commodity pricing, and producer curtailments. This variability can make near-term cash generation and earnings less predictable, particularly when prices weaken or logistics disruptions reduce throughput.

Targa Resources News

0LD9 FAQ

What was Targa Resources’s price range in the past 12 months?
Targa Resources lowest share price was $166.23 and its highest was $320.00 in the past 12 months.
What is Targa Resources’s market cap?
Targa Resources’s market cap is $62.60B.
When is Targa Resources’s upcoming earnings report date?
Targa Resources’s next earnings report is estimated for Feb 25, 2027 (not yet confirmed), which is in 104 days.
How were Targa Resources’s earnings last quarter?
Targa Resources released its earnings results on Nov 05, 2026. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.739 by $0.321.
Is Targa Resources overvalued?
According to Wall Street analysts Targa Resources’s price is currently Undervalued.
Does Targa Resources pay dividends?
Targa Resources pays a quarterly dividend of $1.25 which represents an annual dividend yield of 1.6%. See more information on Targa Resources dividends here
What is Targa Resources’s EPS estimate?
Targa Resources’s EPS estimate is 2.92.
How many shares outstanding does Targa Resources have?
Targa Resources has 214,554,020 shares outstanding.
What happened to Targa Resources’s price movement after its last earnings report?
Targa Resources reported an EPS of $3.06 in its last earnings report, beating expectations of $2.739. Following the earnings report the stock price went down -3.719%.
Which hedge fund is a major shareholder of Targa Resources?
Hedge funds hold Targa Resources shares: the largest hedge-fund position in Targa Resources is 1,586,333,447 shares, and hedge funds decreased their holdings by 117.3K shares last quarter.
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