What is the enterprise value (EV) for Targa Resources Corp. (TRGP)?

The enterprise value (EV) for TRGP stock is $79.02B.

Targa Resources (TRGP) Enterprise Value: History & Chart

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Targa Resources Corp.(TRGP)

Oil & Gas Midstream · Houston, TX

$289.36-2.83 (-0.97%)

Delayed quote: Sep 21, 2026, 4:00 PM EDT

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About Targa Resources Corp.

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

Houston, TX

3,570 employees

www.targaresources.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Matthew J. Meloy

View full financials

NAME	MARKET CAP	ENTERPRISE VALUE (EV)
Targa Resources Corp. (TRGP)	$62.11B	$79.02B
TC Energy Corporation (TRP)vs ›	$62.96B	$106.39B
MPLX Lp (MPLX)vs ›	$59.96B	$84.82B
ONEOK, Inc. (OKE)vs ›	$57.85B	$90.71B
Baker Hughes Company (BKR)vs ›	$57.41B	$57.93B
Occidental Petroleum Corporation (OXY)vs ›	$56.94B	$67.42B
Kinder Morgan, Inc. (KMI)vs ›	$70.63B	$102.79B
Diamondback Energy, Inc. (FANG)vs ›	$53.24B	$65.40B
Devon Energy Corporation (DVN)vs ›	$52.35B	$63.08B
Energy Transfer LP (ET)vs ›	$71.92B	$141.14B

NAME

MARKET CAP

ENTERPRISE VALUE (EV)

Targa Resources Corp. (TRGP)

$62.11B

$79.02B

TC Energy Corporation (TRP)vs ›

$62.96B

$106.39B

MPLX Lp (MPLX)vs ›

$59.96B

$84.82B