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EV / EBITDA at other companies

Oneok logo
OneokOKE
12×-2.4×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
15.2×+1.1×
Energy Transfer logo
Energy TransferET
8.9×+0.3×
Kinder Morgan logo
Kinder MorganKMI
13.9×0.0×
Antero Midstream Corporation logo
Antero Midstream CorporationAM
16.7×+3.4×
DT Midstream logo
DT MidstreamDTM
18.9×+1.0×

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%
Enterprise value$55.75B+23.6%
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.

Based on the most recent quarter.

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 EV / EBITDA?
Targa Resources (TRGP) reported EV / EBITDA of 10.4× in Q1 2026.
How has Targa Resources's EV / EBITDA changed year-over-year?
Targa Resources's EV / EBITDA decreased by 3.9% year-over-year, from 10.8× to 10.4×.
What is the long-term trend for Targa Resources's EV / EBITDA?
Over 3 years (2022 to 2025), Targa Resources's EV / EBITDA has grown at a 11.7% compound annual growth rate (CAGR), from 5.9× to 8.2×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.