Targa Resources Corp.
S&P 500Last update: Mar 25, 2026 at 04:53
About Targa Resources Corp.
Targa Resources Corp. is a leading provider of midstream energy services in North America. The company owns, operates, acquires, and develops a diversified portfolio of complementary domestic midstream infrastructure assets, delivering energy products across the United States. It gathers, compresses, treats, processes, transports, and markets natural gas; handles transportation, storage, fractionation, treatment, and sales of natural gas liquids (NGLs) and related products, including support for liquefied petroleum gas (LPG) exporters; and manages gathering, storage, terminaling, and marketing of crude oil. Targa Resources Corp. operates through two primary segments: Gathering and Processing, which focuses on assets for gathering and purchasing/selling natural gas from oil and gas wells; and Logistics and Transportation, which converts mixed NGLs into finished products via pipelines, fractionation, and export facilities. With a strong emphasis on fee-based contracts for stability, the company plays a critical role in connecting upstream production, particularly in key basins like the Permian, to downstream markets and international demand. Founded in 2006 and headquartered in Houston, Texas, Targa Resources Corp. supports the efficient flow of natural gas, NGLs, and crude oil in the U.S. energy infrastructure.
Dividend Overview
Dividend Yield
1.67%
Annual Dividend
$4.00
Frequency
Quarterly
Payout Ratio
44.17%
FCF Payout Ratio
140.10%
Stock Price
$246.10
52-Week Range
$144.14 – $250.00
Dividend Health Score
TRGP's dividend shows some areas that warrant monitoring. Strengths include a 44.2% earnings payout ratio & 21.2% cfo payout ratio. Areas of concern: 140.1% fcf payout ratio & 68.8% net debt / total assets. The dividend has been growing at a 25.39% 5-year CAGR.
Based on 15 of 15 metrics
Payout & Coverage
SafeBalance Sheet
DangerProfitability
SafeDividend Track Record
SafeDividend History (2016–2025)
TRGP annual dividend per share and yield history
Earnings & Profitability
TRGP earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
January 30, 2026
Next Payment Date
February 13, 2026
Dividend Growth
3-Year Dividend CAGR
38.88%
5-Year Dividend CAGR
25.39%
10-Year Dividend CAGR
1.01%
3-Year Total Growth
167.86%
5-Year Total Growth
209.92%
10-Year Total Growth
10.62%
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.