TRGP

Targa Resources Corp.

Energy
US companies in Oil & Gas Midstream (22)
NYSE · USD
Mkt cap $67.0bn

$312.37

as of 29 Oct 2026, At its 52-week high

Screens as reasonably placed to keep growing its dividend, with low cut-risk signals. Its valuation looks somewhat extended against its own history.

These scores are a resilience check on the dividend, not a recommendation to buy or sell. They are not financial advice.

Trailing yield: 1.84%Last 12 months of regular payments at today's price
Forward yield: 1.92%Each payment expected in the next 12 months, not the latest one doubled
Earnings cover: 2.5×Pays 41% of earnings
Cash cover: 0.8×Free cash flow over dividends paid
5y dividend growth: +25.4% a yearMeasured from a cut in FY2020
Next ex-dividend date: Declared30 Oct 2026Quarterly dividend of $1.25

Compared with US companies in Oil & Gas Midstream (22)

Trailing yield is lower than 18 of the 21 other US companies in Oil & Gas Midstream.
5y dividend growth (as paid) is higher than 13 of the 14 other US companies in Oil & Gas Midstream with a 5y growth figure.

Quality

Moderate

Capacity to keep growing the dividend

Risk

Low

Signals of dividend-cut pressure

Trim

Moderate

How extended the valuation looks

Why Quality is 56

TRGP against US companies in Oil & Gas Midstream (22)

Valuation against its own history

As of the last reported period (30 Jun 2026). P80 means the figure is higher than 80% of TRGP’s past readings.

P/E25.5×P50, neutral for this measure
Yield1.59%P19, poor for this measure
FCF payout124.3%P71, poor for this measure
Net debt / EBITDA4.17P59, neutral for this measure
DGR 5y+60.4%P98, good for this measure
ROIC14.0%P100, good for this measure

Open valuation history

Forecast your income with the TRGP dividend calculator

Inspect surfaces history; it does not predict the future. Nothing here is financial advice or an instruction to buy or sell. Always do your own research. See the Terms of Service.