Zacks Investment Research·Sep 23, 2026
ProPetro's PROPWR Expands Power Footprint With Targa DealPUMP's PROPWR secures 230 MW in long-term TRGP contracts, lifting committed capacity to 510 MW and widening its Permian on-site power footprint.
Targa Resources is executing a growth strategy that has driven gross margins to a ten-quarter high of 48.2% in 2026Q2, with operating income up 42.6% sequentially to $1.2B, reflecting strong operating leverage and commodity price realizations. However, this ex...
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Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue grew 10.3% year-over-year to $4.4B in 2026Q2, with gross margin expanding to a record 48.2% from 31.1% sequentially, driving EPS of $3.56, up 23.6% year-over-year.
Targa Resources Corp. reported a sharp increase in net income to US$479.6 million and diluted EPS from continuing operations of US$2.21, indicating robust profitability.
The company continues its August 2024 buyback program, repurchasing 227,801 shares for US$54.97 million, signaling confidence in its financial health.
Targa Resources has raised its adjusted EBITDA guidance, reflecting optimism about future earnings potential.
Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $3.54+25.1% vs $2.83 | $4.4B-9.3% vs $4.9B |
Q2 2026 May 7, 2026 | $2.21-10.9% vs $2.48 | $4.1B-12.4% vs $4.7B |
Q1 2026 Feb 19, 2026 | $2.51+9.1% vs $2.30 | $4.1B-14.3% vs $4.7B |
Q4 2025 Nov 5, 2025 | $2.20+4.3% vs $2.11 | $4.2B-7.9% vs $4.6B |
PUMP's PROPWR secures 230 MW in long-term TRGP contracts, lifting committed capacity to 510 MW and widening its Permian on-site power footprint.
MIDLAND, Texas--(BUSINESS WIRE)--PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
Targa Resources (NYSE: TRGP - Get Free Report) and Shell (NYSE: SHEL - Get Free Report) are both large-cap energy companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, risk, analyst recommendations, valuation, institutional ownership and profitability. Valuation and Earnings This table compares Targa Resources
Nykredit A S acquired a new position in Targa Resources, Inc. (NYSE: TRGP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 124,242 shares of the pipeline company's stock, valued at approximately $33,314,000. Nykredit A S owned about 0.06% of Targa Resources
Benchmark TRGP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Targa Resources Corp. (TRGP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $279.31 | $59.95B | 32.78 | 3.06% | 10.76% | 48.43% | 1.36% | |
| $44.38 | $18.34B | 14.79 | 6.61% | 29.2% | 32.85% | — | |
| $32.56 | $24.72B | 14.47 | 40.07% | 21.68% | 11.26% | — | |
| $59.23 | $17.26B | 109.69 | 18.82% | 7.22% | 5.72% | — | |
| $38.05 | $7.86B | 13.30 | 8.4% | 23.29% | 92.18% | — | |
| $56.35 | $57.18B | 11.69 | 8.37% | 36.75% | 32.9% | — |
Targa Resources Corp. (TRGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Targa Resources Corp. (TRGP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jul 17, 2026·SEC
Jul 6, 2026·SEC
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Targa Resources Corp. (TRGP) stock FAQ — growth, dividends, profitability & financials explained
Targa Resources Corp. (TRGP) reported $16.79B in revenue for fiscal year 2025. This represents a 110% increase from $8.00B in 2008.
Targa Resources Corp. (TRGP) grew revenue by 3.1% over the past year. Growth has been modest.
Yes, Targa Resources Corp. (TRGP) is profitable, generating $2.26B in net income for fiscal year 2025 (10.8% net margin).
Yes, Targa Resources Corp. (TRGP) pays a dividend with a yield of 1.36%. This makes it attractive for income-focused investors.
Targa Resources Corp. (TRGP) has a return on equity (ROE) of 48.4%. This is excellent, indicating efficient use of shareholder capital.
Targa Resources Corp. (TRGP) generated $740.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
