Targa Resources Corp (TRGP)

NYSE · Energy · Oil & Gas Midstream · USA

Targa Resources Corp is a large cap company (market value between $10 billion and $200 billion) in the Oil & Gas Midstream industry.

Targa Resources Corp gathers, processes, and transports natural gas; handles and fractionates natural gas liquids; and gathers and transports crude oil. The company operates through Gathering and Processing and Logistics and Transportation segments, with facilities located in major U.S. basins including the Permian Basin, Eagle Ford Shale, and the Louisiana Gulf Coast.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Targa Resources Corp stock.

Our verdict on TRGP

Overvalued: intrinsic value $84.78 per share, market price $292.80, margin of safety -245.4% (as of 2026-10-19).

Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $84.78; the price of $292.80 is 245% above that value, and 78% of that value comes from beyond year five.

Leak Score: 50/100 on 12 of 12 signals (Weak Signal).

ETFs with the most weight in TRGP

17 more funds hold it; the full list is part of the paid plan.

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Is TRGP undervalued or overvalued?

TRGP is overvalued (as of the 2026-10-19 close). Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $84.78; the price of $292.80 is 245% above that value, and 78% of that value comes from beyond year five.

What is the intrinsic value of TRGP?

$84.78 per share (as of the 2026-10-19 close), against a market price of $292.80. That is a margin of safety of -245.4%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What growth is priced into TRGP stock?

The price needs faster growth than we project for any company. It is betting on an exception. Yearly sales growth the price needs: 39.9%. Yearly sales growth it has sustained: 3.9%.

What is Targa Resources Corp's Leak Score?

50 out of 100, which we rate "Weak Signal", on 12 of 12 value investing signals.