Which has the lower trailing P/E, ET or TRGP?

ET has the lower trailing P/E: ET trades at 12.43 and TRGP at 24.46. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ET or TRGP?

Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus TRGP at 6.56%.

Does ET or TRGP pay a bigger dividend?

ET yields 6.63% and TRGP yields 1.65% based on trailing dividends and the latest price.

Is ET or TRGP more profitable?

TRGP runs the higher net margin — ET at 5.99% versus TRGP at 13.49%.

How have ET and TRGP total returns compared?

Over the past 10 years, ET delivered 10.81% and TRGP delivered 25.12% annualized total return. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs Targa Resources Corp. (TRGP)

A side-by-side comparison of Energy Transfer LP and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 8, 2026. Differences are shown without an overall score or investment verdict.

Energy Transfer LP

$69.27B

$20.13EnergyAt close: Aug 7, 2026, 4:00 PM ET

TRGP

Targa Resources Corp.

$55.14B

$256.87EnergyAt close: Aug 7, 2026, 4:00 PM ET

Total return — ET vs TRGP

growth of $100 · dividends reinvested · last 16y

ET +535.5%TRGP +1908.4%TRGP compounded faster

ET TRGP

ET vs TRGP: by the numbers

•ET is the larger company ($69.27B vs $55.14B market cap).
•ET trades at the lower trailing earnings multiple (12.43 vs 24.46 P/E), one valuation lens rather than an overall verdict.
•TRGP converts more revenue to profit (13.49% vs 5.99% net margin).
•ET grew revenue faster over the past five years (14.94% vs 6.56% CAGR).
•ET pays the higher dividend yield (6.63% vs 1.65%).

Metrics side by side

Valuation

Metric	ET	TRGP
P/E ratio	12.43	24.46
Forward P/E	12.88	23.62
P/S ratio	0.67	3.29
P/B ratio	1.38	17.61
PEG ratio	2.23	0.45
EV / EBITDA	9.18	14.90
FCF yield	5.25%	0.56%

Profitability

Metric	ET	TRGP
Gross margin	24.11%	26.51%
Operating margin	10.60%	23.13%
Net margin	5.99%	13.49%
ROE	12.39%	72.20%
ROIC	7.17%	12.07%

Dividends

Metric	ET	TRGP
Dividend yield	6.63%	1.65%
Payout ratio	98.16%	49.77%

Growth (annualized)

Metric	ET	TRGP
Revenue CAGR (5Y)	14.94%	6.56%
EPS CAGR (5Y)	0.25%	N/A
FCF CAGR (5Y)	11.51%	-29.47%
Total return CAGR (5Y)	26.39%	46.06%

Frequently asked

Which has the lower trailing P/E, ET or TRGP?: ET has the lower trailing P/E: ET trades at 12.43 and TRGP at 24.46. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ET or TRGP?: Over the past five years, ET grew revenue faster — ET at a 14.94% CAGR versus TRGP at 6.56%.
Does ET or TRGP pay a bigger dividend?: ET yields 6.63% and TRGP yields 1.65% based on trailing dividends and the latest price.
Is ET or TRGP more profitable?: TRGP runs the higher net margin — ET at 5.99% versus TRGP at 13.49%.
How have ET and TRGP total returns compared?: Over the past 10 years, ET delivered 10.81% and TRGP delivered 25.12% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full TRGP analysis Interactive comparison tool

Dig into the metrics

Energy Transfer LP P/E ratio Targa Resources P/E ratio Energy Transfer LP dividend yield Targa Resources dividend yield Energy Transfer LP ROE Targa Resources ROE Energy Transfer LP operating margin Targa Resources operating margin Energy Transfer LP revenue growth Targa Resources revenue growth Energy Transfer LP free cash flow Targa Resources free cash flow

Energy Transfer LP & Targa Resources appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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 8, 2026.