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Targa Resources TRGP Enterprise value

Enterprise value at other companies

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$115.79B+9.7%
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$136.55B+10.2%
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Kinder MorganKMI
$104.4B+11.9%
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DT MidstreamDTM
$16.96B+29.0%

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$55.5B+23.5%
P/E26×-8.4×
P/S3.4×+0.6×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

$53.9Bmarket cap+$346.5Mtotal debt−$100.1Mcash and equivalents=$54.1B

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's enterprise value?
Targa Resources (TRGP) reported enterprise value of $54.1B in Q1 2026.
How has Targa Resources's enterprise value changed year-over-year?
Targa Resources's enterprise value increased by 23.6% year-over-year, from $43.76B to $54.1B.
What is the long-term trend for Targa Resources's enterprise value?
Over 4 years (2021 to 2025), Targa Resources's enterprise value has grown at a 40.7% compound annual growth rate (CAGR), from $39.99B to $156.53B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.