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TRGP

Targa Resources Corp.

S&P 500
TRGP|Energy|Oil & Gas Midstream|$246.10|P/E 28.2|MCap 51.4B|NYSE

Last 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

57/ 100Caution

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

Safe
Earnings Payout Ratio
44.2%Very Safe
FCF Payout Ratio
140.1%Danger
CFO Payout Ratio
21.2%Very Safe
Interest Coverage
3.9xCaution

Balance Sheet

Danger
Net Debt / Total Assets
68.8%Warning
Current Ratio
0.7xDanger
Debt-to-Equity
548.6Danger

Profitability

Safe
Return on Equity
51.4%Very Safe
Operating Margin
22.6%Safe
Gross Margin
33.5%Caution
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
25.4%Very Safe
Earnings Stability
VolatileWarning

Dividend 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%

Income Calculator

TRGP Dividend Calculator

Total Investment

$24,610.00

Annual Income

$400.00

Quarterly Income

$100.00

Monthly Income

$33.33

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Frequently Asked Questions

What is TRGP's current dividend yield?
Targa Resources Corp. (TRGP) currently has a dividend yield of 1.67%, based on a stock price of $246.10 and an annual dividend of $4.00.
When is TRGP's next dividend payment date?
TRGP's next ex-dividend date is 2026-01-30 and the next payment date is 2026-02-13. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does TRGP pay in dividends per year?
Targa Resources Corp. paid $3.75 per share in annual dividends in 2025. The dividends are paid quarterly.
Has TRGP been increasing its dividend?
Targa Resources Corp. has grown its dividend at a 5-year CAGR of 25.39% and a 10-year CAGR of 1.01%.
Is TRGP's dividend safe?
Targa Resources Corp. has a payout ratio of 44.17%. Its free cash flow payout ratio is 140.10%. A payout ratio below 60% is generally considered sustainable.
How is TRGP's Dividend Health Score calculated?
The Dividend Health Score evaluates Targa Resources Corp.'s dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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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.