Wall Street analyst estimates for Targa Resources Corp. (TRGP): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Consensus price target
$328.79 (+12 % vs price $294.73)
between $294.00 and $359.00 · 21 targets published in the last quarter
Closing price, Nov 2
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $19.0B | $18.4B – $19.6B | $11.33 | 10 |
| 2027E | $24.0B | $22.7B – $25.3B | $12.46 | 10 |
| 2028E | $27.4B | $21.9B – $29.4B | $15.10 | 12 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 1 |
| Buy | 27 |
| Hold | 6 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 34 |
| Avg rating (−2 sell to +2 buy) | 0.85 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $2.74 | ||
| 2026-08-06 | $3.54 | $2.83 | +25.1% |
| 2026-05-07 | $2.21 | $2.48 | -10.9% |
| 2026-02-19 | $2.51 | $2.30 | +9.1% |
| 2025-11-05 | $2.20 | $2.11 | +4.3% |
| 2025-08-07 | $2.87 | $1.86 | +54.3% |
| 2025-05-01 | $0.91 | $1.98 | -54.0% |
| 2025-02-20 | $1.44 | $1.92 | -25.0% |
Valuation Ratios
| P/E Ratio | 28.07 |
| Price / Book | 17.33 |
| Dividend Yield | 1.61% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.64B | $8.86B | $10.55B | $8.67B | $8.27B | $17.44B | $21.68B | $15.62B | $16.63B | $17.14B |
| Cost of Revenue | $6.23B | $8.34B | $9.78B | $7.18B | $6.75B | $15.35B | $18.89B | $13.08B | $13.30B | $12.59B |
| Gross Profit | $410.7M | $526.1M | $778.8M | $1.49B | $1.52B | $2.09B | $2.79B | $2.54B | $3.33B | $4.54B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $187.2M | $203.4M | $256.9M | $280.7M | $254.6M | $273.2M | $309.7M | $348.7M | $384.9M | $406.0M |
| Operating Expenses | $187.7M | $204.9M | $260.5M | $1.30B | $257.2M | $273.3M | $309.7M | $348.6M | $381.4M | $1.10B |
| Operating Income | $223.0M | $321.2M | $518.3M | $192.9M | $1.27B | $1.82B | $2.48B | $2.19B | $2.94B | $3.45B |
| EBITDA | $752.2M | $750.3M | $1.14B | $1.26B | -$316.7M | $1.70B | $3.21B | $3.96B | $4.13B | $4.85B |
| Interest Expense | $254.2M | $233.7M | $257.9M | $337.8M | $391.3M | $387.9M | $446.1M | $687.8M | $767.2M | $852.8M |
| Pre-tax Income | -$259.7M | -$292.9M | $65.9M | -$46.7M | -$1.57B | $436.9M | $1.66B | $1.94B | $1.94B | $2.49B |
| Income Tax | -$100.6M | -$397.1M | $5.5M | -$87.9M | -$248.1M | $14.8M | $131.8M | $363.2M | $384.5M | $529.7M |
| Net Income | -$187.3M | $54.0M | $1.6M | -$209.2M | -$1.55B | $71.2M | $1.14B | $828.2M | $1.27B | $1.84B |
| EPS | -$1.80 | -$0.31 | -$0.53 | -$1.44 | -$7.26 | -$0.07 | $3.95 | $3.69 | $5.77 | $8.54 |
| EPS (Diluted) | -$1.80 | -$0.31 | -$0.53 | -$1.44 | -$7.26 | -$0.07 | $3.88 | $3.66 | $5.74 | $8.52 |
| Shares Outstanding (Diluted) | 184.7 M | 206.9 M | 224.2 M | 232.5 M | 232.2 M | 228.6 M | 231.1 M | 226.0 M | 221.3 M | 215.0 M |
Price
| Price | $294.73 (closing price, November 2, 2026) |
| Market Cap | $63.2B |
| Exchange | NYSE |
| Country | US |
Related companies: PAA · WMB · EPD · KMI · MPLX · OKE · WES · DKL
Explore sector: Energy · Oil & Gas Midstream
More sections of TRGP: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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