Score Your Stock

US stock · figures in US dollars · scored on full-year results

Targa Resources Targa Resources, Inc. Common Stock

TRGP · Energy · Oil & Gas Midstream
Bottom 25% of scored stocks
OkayBottom 25% of scored stocks
Weak Spot

Targa Resources scores 45/100 on fundamentals: in the bottom 25% of 503 scored S&P 500 stocks. Its strongest area is Business Strength (70/100); its weakest is Financial Safety (17/100). It carries 1 warning flag: Weak Spot.

Best
Business 70
Weakest
Financial 17
Price 17
  • Carries a Weak Spot flag

A financially stretched, expensively priced stock, but financial safety needs attention.

What looks good
What to watch
Mkt capUS$ 67.5b#190 of 503 in the S&P 500EPSUS$ 10.46P/E29.8×✗ vs sector median 16.7×P/B18.5×✗ vs sector median 2.7×Div yield2%✓ Top 48% in the S&P 50052w range · 99% of range151.24316.60
as of 31 Oct 2026

Nearby peers

Ranks #17 of 21 in Energy by score

#1Valero Energy77#15Devon Energy47#16ExxonMobil47
#17Targa Resources45
#18Schlumberger43#19Expand Energy42

One-Minute Summary

Why Targa Resources scores 45

A financially stretched, expensively priced stock, but financial safety needs attention.

What looks good
What to watch

Business Strength

70
Why 70?
Pillar score: (2 + 1 + 2 + 1 + 1) = 7 of 10 points → 70
Return on Equity (ROE)62%Strong4-Year Revenue Growth+1%/yrOkay4-Year Profit Growth+19%/yrStrongNet Profit Margin14%OkayQuarterly Momentum-2%Okay
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +68.5%Equity ↑ +33.5%ROE % 62%
Net ProfitEquityROE %
1.3b1.3b1.9b2.3b2.7b2.6b3.1b3.7b202320242025TTM49.1%50.6%62.7%62%

Revenue & Net Profit, with Net Margin

Revenue ↑ +4.2%Net Profit ↑ +68.5%Net Margin % 13.5%
RevenueNet ProfitNet Margin %
16.1b16.4b17.0b16.7b1.3b1.3b1.9b2.3b202320242025TTM8.4%8%11.3%13.5%

Sales have been roughly flat for 4 years: the business isn't really growing, just maintaining.

Profit climbed about 68.5% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↑ +15.3%Net Profit ↑ +97.4%Net Margin % 17.2%
RevenueNet ProfitNet Margin %
3.9b4.4b4.6b4.3b4.2b4.1b4.1b4.4b387m318m200m629m478m545m480m765mQ3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'2610.1%7.2%4.4%14.8%11.5%13.4%11.7%17.2%
▲▲▼▲▲▲▲▲

Sales grew about 15.3% over the last 8 quarters: customers keep spending more with this company.

Profit grew about 97.4% over the last 8 quarters: the business is keeping more of what it earns.

Why 17?
Pillar score: (0 + 0 + 1) = 1 of 6 points → 17
Debt-to-Equity5.4×WeakCurrent Ratio0.8×WeakInterest Coverage4.3×Okay
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +50.5%Equity ↑ +33.5%D/E 5.4×
Total DebtEquityD/E
13.0b14.3b17.5b19.6b2.7b2.6b3.1b3.7b202320242025TTM4.7×5.5×5.7×5.4×

Borrowings grew about 50.5% over 4 years: watch this; rising debt adds pressure in bad times.

Short-term assets vs bills, with Current Ratio

Current Assets ↑ +19.8%Current Liabilities ↑ +23.6%Current Ratio 0.8×
Current AssetsCurrent LiabilitiesCurrent Ratio
2.2b2.3b2.4b2.6b2.8b3.2b3.5b3.4b202320242025TTM0.8×0.7×0.7×0.8×
Why 50?
Pillar score: (0 + 2 + 2 + 0) = 4 of 8 points → 50
Dividend Quality2%Weak
Payout ratio: 41%
Operating Cash FlowPositive & growingStrongFree Cash FlowPositive & growingStrongCash & Cash EquivalentsShrinking & thinWeak
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +33.4%Free CF ↓ -10.3%
Operating CFFree CF
3.2b3.6b3.9b4.3b826m684m584m741m202320242025TTM

The business generates real cash, and more of it each year: a very healthy sign.

Cash vs Total Debt

Cash ↓ -6.6%Short-Term Debt ↓ -21.6%Total Debt ↑ +50.5%
CashShort-Term DebtTotal Debt
142m157m166m132m575m330m677m451m13.0b14.3b17.5b19.6b202320242025TTM

Dividends per Share, with Yield

DPS (cents) ↑ +167.9%Yield % 1.5%
DPS (cents)Yield %
505050507510010014018527537520222023202420252.3%2.5%2.1%1.5%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 17?
Pillar score: (0 + 0 + 1) = 1 of 6 points → 17
P/E Ratio29.8×WeakP/B Ratio18.5×WeakPEG Ratio1.6Okay
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 314.99US$ 233.39US$ 151.80Oct '25Feb '26Jun '26Oct '26

The share price is up about 107.5% over the past year.

Why 67?
Pillar score: (2 + 0 + 2 + 2 + 0 + 2) = 8 of 12 points → 67
Earnings ConsistencySteadyStrongDebt Trend (4yr)RisingWeakShare Count Trend (4yr)-1%/yrStrongInventory vs Sales (4yr)-7.1 pp/yr vs salesStrongAsset Turnover Trend (4yr)-24.4%WeakQuarterly Consistency0 of 4 quarters downStrong
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +4.2%Inventory ↓ -16.1%Inv. % of Rev. 1.9%
RevenueInventoryInv. % of Rev.
16.1b16.4b17.0b16.7b372m334m429m312m202320242025TTM2.3%2%2.5%1.9%
Ranks #17 of 21 in Energy by score

Sector peers

#1Valero Energy77#15Devon Energy47#16ExxonMobil47
#17Targa Resources (you)45
#18Schlumberger43#19Expand Energy42

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDividend Payout RatioDiv yieldP/E RatioP/B RatioPEG Ratio
2026US$ 16.7bUS$ 2.3bUS$ 4.3bUS$ 740.9mUS$ -3.5bUS$ 132.3mUS$ 19.6bUS$ 451.0mUS$ 3.7bUS$ 2.6bUS$ 3.4bUS$ 28.5bUS$ 24.7bUS$ 311.7m-62%14%5.4×0.8×4.3×41%----
2025US$ 17.0bUS$ 1.9bUS$ 3.9bUS$ 584.1mUS$ -3.3bUS$ 166.1mUS$ 17.5bUS$ 677.0mUS$ 3.1bUS$ 2.4bUS$ 3.5bUS$ 25.2bUS$ 22.0bUS$ 429.3mUS$ 375.0m63%11%5.7×0.7×3.9×43%2%20.6×12.9×1.2
2024US$ 16.4bUS$ 1.3bUS$ 3.6bUS$ 683.9mUS$ -3.0bUS$ 157.3mUS$ 14.3bUS$ 330.0mUS$ 2.6bUS$ 2.3bUS$ 3.2bUS$ 22.7bUS$ 18.3bUS$ 334.3mUS$ 275.0m51%8%5.5×0.7×3.5×47%2%29.8×15.1×0.2
2023US$ 16.1bUS$ 1.3bUS$ 3.2bUS$ 826.2mUS$ -2.4bUS$ 141.7mUS$ 13.0bUS$ 575.0mUS$ 2.7bUS$ 2.2bUS$ 2.8bUS$ 20.7bUS$ 16.1bUS$ 371.5mUS$ 185.0m49%8%4.8×0.8×3.8×32%2%13.6×6.7×-