TRGP
Targa Resources Inc
NYSE: TRGP · ENERGY · OIL & GAS MIDSTREAM
$250.14
+0.71% today
Updated 2026-04-29
Market cap
$51.74B
P/E ratio
28.32
P/S ratio
3.04x
EPS (TTM)
$8.50
Dividend yield
1.67%
52W range
$142 – $254
Volume
1.5M
Targa Resources Inc (TRGP) Earnings
Quarterly earnings history, analyst estimates, and stock price reaction.
EPS beat streak
5 of 8
Last 8 quarters
Avg EPS surprise
+2.4%
Last 4 quarters
Revenue YoY growth
-7.9%
Most recent quarter
EPS YoY growth
+47.8%
Most recent quarter
Earnings surprise history (last 12 quarters)
Beat estimate Missed estimate
Quarterly EPS and revenue trend
Quarterly revenue EPS (diluted)
How the stock reacts to earnings
Avg 1-day reaction
+4.3%
Last 3 reports
Positive reaction rate
100%
3 of 3 quarters
Largest single-day move
+9.9%
2025-11-05
| Report date | EPS actual | Surprise | Close before | Close after | 1-day reaction |
|---|---|---|---|---|---|
| 2026-02-19 | $2.69 | +15.8% | $227.62 | $231.35 | +1.6% |
| 2025-11-05 | $2.13 | +0.9% | $154.57 | $169.88 | +9.9% |
| 2025-08-07 | $1.90 | +1.1% | $163.05 | $165.09 | +1.3% |
Quarterly earnings history
| Fiscal quarter ending | EPS estimate | EPS actual | Surprise | Revenue | YoY revenue |
|---|---|---|---|---|---|
| 2025-12-31 | $2.32 | $2.69 | +15.8% | $4.06B | -7.9% |
| 2025-09-30 | $2.11 | $2.13 | +0.9% | $4.20B | +8.1% |
| 2025-06-30 | $1.88 | $1.90 | +1.1% | $4.03B | +11.3% |
| 2025-03-31 | $2.05 | $1.89 | -8.0% | $4.85B | +6.4% |
| 2024-12-31 | $1.83 | $1.82 | -0.7% | $4.41B | +4.1% |
| 2024-09-30 | $1.55 | $1.74 | +12.3% | $3.89B | +0.1% |
| 2024-06-30 | $1.27 | $1.33 | +4.7% | $3.62B | +12.8% |
| 2024-03-31 | $1.30 | $1.22 | -6.2% | $4.56B | — |
| 2023-12-31 | $1.46 | $1.26 | -13.7% | $4.23B | — |
| 2023-09-30 | $1.20 | $0.97 | -19.2% | $3.88B | — |
| 2023-06-30 | $1.24 | $1.44 | +16.1% | $3.21B | — |
Analyst EPS and revenue estimates for upcoming years
| Period | EPS estimate | Revenue estimate | Revenue growth | Analysts | Confidence |
|---|---|---|---|---|---|
| 2026 (E) | $10.22 | $22.7B | +33.2% | 14 | high |
| 2027 (E) | $11.65 | $24.0B | +5.7% | 14 | high |
| 2029 (E) | $14.65 | $27.1B | +6.5% | 14 | medium |
| 2030 (E) | $16.30 | $28.9B | +6.4% | 14 | medium |
Frequently asked questions
Has Targa Resources Inc beaten earnings estimates?
Targa Resources Inc has beaten Wall Street EPS estimates in 5 of its last 8 quarterly reports, with an average EPS surprise of +2.4% over the last 4 quarters.
How does TRGP stock react to earnings?
TRGP stock has moved an average of +4.3% in the trading day following earnings over its last 3 reports, with positive reactions in 100% of those quarters.
What is Targa Resources Inc's revenue growth rate?
Targa Resources Inc reported year-over-year revenue growth of -7.9% in its most recent quarter, with EPS growing +47.8% year-over-year.
What is the expected EPS for TRGP in 2026?
Analysts expect Targa Resources Inc to report EPS of $10.22 for fiscal year 2026, on revenue of $22.7B, based on estimates from 14 analysts.