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Last $106.84 USD
Change Today -0.38 / -0.35%
Volume 522.2K
TRGP On Other Exchanges
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources corp (TRGP) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/19/14 - $160.97
52 Week Low
01/14/15 - $82.09
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for TARGA RESOURCES CORP (TRGP)

targa resources corp (TRGP) Related Businessweek News

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targa resources corp (TRGP) Details

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 11,400 miles of natural gas pipelines, including 12 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2014, the company leased and managed approximately 716 railcars; 75 owned and leased transport tractors; and 22 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

1,350 Employees
Last Reported Date: 02/17/15
Founded in 2005

targa resources corp (TRGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.7M
President and Chief Operating Officer
Total Annual Compensation: $1.5M
Executive Chairman
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $929.2K
President of Finance & Administration
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

targa resources corp (TRGP) Key Developments

Targa Resources Corp. Declares Quarterly Cash Dividend, Payable on May 18, 2015; Provides Dividend Guidance for the Year of 2015

Targa Resources Corp. announced that its board of directors has declared a quarterly cash dividend of 83.00 cents per common share, or $3.32 on an annualized basis, for the first quarter 2015. The approved dividend represents increases of approximately 7% over the previous quarter's dividend and 28% over the dividend for the first quarter 2014. This cash dividend will be paid on May 18, 2015 on all outstanding common shares to holders of record as of the close of business on May 4, 2015. The company provided dividend guidance for the year of 2015. The company expects 2015 dividend growth of 25% over 2014, resulting in about 1.0 times dividend coverage.

Targa Resources Corp. Provides Earnings Guidance for the Year 2015

Targa Resources Corp. provided earnings guidance for the year 2015. For the year, the company expects effective cash tax rate of 5% to 10% and in the near term beyond 2015, an annual effective cash tax rate less than 15%.

Targa Resources Corp. - Shareholder/Analyst Call

Targa Resources Corp. - Shareholder/Analyst Call


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Industry Analysis


Industry Average

Valuation TRGP Industry Range
Price/Earnings 44.0x
Price/Sales 0.5x
Price/Book 26.5x
Price/Cash Flow 13.2x
TEV/Sales 0.1x

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