Targa Resources Corp.
TRGPEnergyNASDAQOil & Gas Midstream · Last scanned May 30, 2026
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Daily timeframePart of the energy sector, Targa Resources Corp. (TRGP) is listed under Oil & Gas Midstream. The $54.75B market capitalization puts TRGP squarely in large-cap range for its industry. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
Market Cap
$54.75B
Beta
0.74
P/E (TTM)
26.05
P/E (Fwd)
20.73
EPS (TTM)
$9.79
EPS (Fwd)
$12.31
ROE
74.1%
ROA
9.1%
Cash
$100.1M
Total Debt
$19.13B
Free CF
-$318.6M
52W Change
57.1%
Annual Financials
Cash vs Debt
The company holds $100.1M in cash, though total debt stands at $19.13B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$318.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 74.1% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 9.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has been uneven over recent years, ranging from $20.93B to $17.03B.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing TRGP's risk profile alongside its fundamentals and technical indicators provides a more complete picture.