Enterprise Products Partners L.P. (EPD) vs Targa Resources Corp. (TRGP)
A side-by-side comparison of Enterprise Products Partners L.P. and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.
EPD
Enterprise Products Partners L.P.
$38.01EnergyAt close: Aug 21, 2026, 4:00 PM ET
TRGP
Targa Resources Corp.
$299.10EnergyAt close: Aug 21, 2026, 4:00 PM ET
Total return — EPD vs TRGP
growth of $100 · dividends reinvested · last 10yEPD +179.8% (+10.8%/yr)TRGP +956.2% (+26.6%/yr)TRGP compounded faster over this window
EPD TRGP
EPD vs TRGP: by the numbers
- •EPD is the larger company ($82.24B vs $64.20B market cap).
- •EPD trades at the lower trailing earnings multiple (13.20 vs 28.49 P/E), one valuation lens rather than an overall verdict.
- •TRGP converts more revenue to profit (13.49% vs 10.77% net margin).
- •EPD grew revenue faster over the past five years (12.42% vs 6.56% CAGR).
- •EPD pays the higher dividend yield (5.80% vs 1.50%).
Metrics side by side
Valuation
| Metric | EPD | TRGP |
|---|---|---|
| P/E ratio | 13.20 | 28.49 |
| Forward P/E | 12.73 | 26.59 |
| P/S ratio | 1.42 | 3.83 |
| P/B ratio | 2.75 | 17.59 |
| EV / EBITDA | 11.21 | 15.23 |
| FCF yield | 4.17% | 1.15% |
Profitability
| Metric | EPD | TRGP |
|---|---|---|
| Gross margin | 13.25% | 26.51% |
| Operating margin | 12.97% | 23.13% |
| Net margin | 10.77% | 13.49% |
| ROE | 20.81% | 61.94% |
| ROIC | 11.34% | 14.09% |
Dividends
| Metric | EPD | TRGP |
|---|---|---|
| Dividend yield | 5.80% | 1.50% |
| Payout ratio | 82.89% | 52.69% |
Growth (annualized)
| Metric | EPD | TRGP |
|---|---|---|
| Revenue CAGR (5Y) | 12.42% | 6.56% |
| EPS CAGR (5Y) | 9.24% | N/A |
| FCF CAGR (5Y) | 2.63% | -16.03% |
| Total return CAGR (5Y) | 20.22% | 51.31% |
Frequently asked
- Which has the lower trailing P/E, EPD or TRGP?
- EPD has the lower trailing P/E: EPD trades at 13.20 and TRGP at 28.49. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, EPD or TRGP?
- Over the past five years, EPD grew revenue faster — EPD at a 12.42% CAGR versus TRGP at 6.56%.
- Does EPD or TRGP pay a bigger dividend?
- EPD yields 5.80% and TRGP yields 1.50% based on trailing dividends and the latest price.
- Is EPD or TRGP more profitable?
- TRGP runs the higher net margin — EPD at 10.77% versus TRGP at 13.49%.
- How have EPD and TRGP total returns compared?
- Over the past 10 years, EPD delivered 11.14% and TRGP delivered 26.26% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enterprise Products Partners L.P. P/E ratioTarga Resources P/E ratioEnterprise Products Partners L.P. dividend yieldTarga Resources dividend yieldEnterprise Products Partners L.P. ROETarga Resources ROEEnterprise Products Partners L.P. operating marginTarga Resources operating marginEnterprise Products Partners L.P. revenue growthTarga Resources revenue growthEnterprise Products Partners L.P. free cash flowTarga Resources free cash flow
Enterprise Products Partners L.P. & Targa Resources appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.