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NYSE · Utilities

TARGA RES CORP TRGP

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.

Sources StockAnalysis company profile stockanalysis.com
Natural Gas Distribution

Company profile

Business mix

  • It operates in two segments, Gathering and Processing, and Logistics and Transportation.
  • It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users.
  • In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas.
  • The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Current key questions

  • How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas midstream?
  • Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
  • Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 26.94 FCF 0.46% Buyback 1.8%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Oakmark / Harris Associates Bill Nygren 2.9% $2.2B 2026-03-31

Recent trading changes over the last 3 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 1 Last 3 13F filing periods
Net reducers 0 Last 3 13F filing periods
Unchanged holders 2 Share count unchanged
Increase amount $2.1B Estimated from net added shares
Reduction amount $0 Estimated from net reduced shares
Net share change / base shares +3253.7% +8,463,093 / 260,110
Oakmark / Harris Associates Bill Nygren 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 1497.4% 13F value change +$650.9M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 134.2% 13F value change +$1.1B
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -10.3% 13F value change +$392.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 260,110 Last 3 periods +8,463,093 (+3253.7%) Total shares 8,723,203 Value $2.2B
Bridgewater Associates Ray Dalio 2 filing periods
13F 2025-03-31 Filed 2025-05-14
New Shares - 13F value change +$28.8M
13F 2025-06-30 Filed 2025-08-13
Sold out Shares -100.0% 13F value change -$28.8M
Settlement As of 13F 2025-06-30 · Filed 2025-08-13
Base shares 0 Last 3 periods +0 (New) Total shares 0 Value $0
GQG Partners Rajiv Jain 2 filing periods
13F 2025-03-31 Filed 2025-05-13
New Shares - 13F value change +$724.6M
13F 2025-06-30 Filed 2025-08-13
Sold out Shares -100.0% 13F value change -$724.6M
Settlement As of 13F 2025-06-30 · Filed 2025-08-13
Base shares 0 Last 3 periods +0 (New) Total shares 0 Value $0

Recent mentions

No public mentions.