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Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
2005
3.4K+
LTM Revenue $18.0B
LTM EBITDA $4.3B
$50.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Targa Resources has a last 12-month revenue of $18.0B and a last 12-month EBITDA of $4.3B.
In the most recent fiscal year, Targa Resources achieved revenue of $16.4B and an EBITDA of $4.1B.
Targa Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Targa Resources valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $16.1B | $16.4B | XXX | XXX | XXX |
| Gross Profit | $3.0B | $4.1B | XXX | XXX | XXX |
| Gross Margin | 18% | 25% | XXX | XXX | XXX |
| EBITDA | $4.0B | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 25% | 25% | XXX | XXX | XXX |
| Net Profit | $1.2B | $1.3B | XXX | XXX | XXX |
| Net Margin | 7% | 8% | XXX | XXX | XXX |
| Net Debt | $11.1B | $12.5B | XXX | XXX | XXX |
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As of April 15, 2025, Targa Resources's stock price is $165.
Targa Resources has current market cap of $35.8B, and EV of $50.0B.
See Targa Resources trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50.0B | $35.8B | XXX | XXX | XXX | XXX | $6.48 |
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Sign UpAs of April 15, 2025, Targa Resources has market cap of $35.8B and EV of $50.0B.
Targa Resources's trades at 2.8x LTM EV/Revenue multiple, and 11.5x LTM EBITDA.
Analysts estimate Targa Resources's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Targa Resources and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $50.0B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | XXX | XXX |
| P/E | 27.3x | XXX | XXX | XXX |
| P/E/Growth | 1.0x | XXX | XXX | XXX |
| EV/FCF | 73.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTarga Resources's NTM/LTM revenue growth is 27%
Targa Resources's revenue per employee for the last fiscal year averaged $4.9M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Targa Resources's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Targa Resources's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Targa Resources and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 52% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $4.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| NMDC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Fastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| Royal Vopak | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Targa Resources acquired XXX companies to date.
Last acquisition by Targa Resources was XXXXXXXX, XXXXX XXXXX XXXXXX . Targa Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Targa Resources founded? | Targa Resources was founded in 2005. |
| Where is Targa Resources headquartered? | Targa Resources is headquartered in United States of America. |
| How many employees does Targa Resources have? | As of today, Targa Resources has 3.4K+ employees. |
| Who is the CEO of Targa Resources? | Targa Resources's CEO is Mr. Matthew J. Meloy. |
| Is Targa Resources publicy listed? | Yes, Targa Resources is a public company listed on NYS. |
| What is the stock symbol of Targa Resources? | Targa Resources trades under TRGP ticker. |
| When did Targa Resources go public? | Targa Resources went public in 2010. |
| Who are competitors of Targa Resources? | Similar companies to Targa Resources include e.g. ADNOC, NMDC Energy, Fastned, Fugro. |
| What is the current market cap of Targa Resources? | Targa Resources's current market cap is $35.8B |
| What is the current revenue of Targa Resources? | Targa Resources's last 12-month revenue is $18.0B. |
| What is the current EBITDA of Targa Resources? | Targa Resources's last 12-month EBITDA is $4.3B. |
| What is the current EV/Revenue multiple of Targa Resources? | Current revenue multiple of Targa Resources is 2.8x. |
| What is the current EV/EBITDA multiple of Targa Resources? | Current EBITDA multiple of Targa Resources is 11.5x. |
| What is the current revenue growth of Targa Resources? | Targa Resources revenue growth between 2023 and 2024 was 2%. |
| Is Targa Resources profitable? | Yes, Targa Resources is EBITDA-positive (as of the last 12 months). |
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