Targa Resources Inc (NYSE:TRGP) — Market Cap & Net Worth
Market Cap & Net Worth: Targa Resources Inc (TRGP)
Targa Resources Inc (NYSE:TRGP) has a market capitalization of $55.08 Billion ($55.08 Billion) as of September 22, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #497 globally and #249 in its home market, demonstrating a 0.10% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Targa Resources Inc's stock price $292.19 by its total outstanding shares 214431021 (214.43 Million). Also see TRGP asset base for a full breakdown of the balance sheet.
Targa Resources Inc Market Cap History: 2015 to 2026
Targa Resources Inc's market capitalization history from 2015 to 2026. Data shows growth from $3.64 Billion to $62.65 Billion (20.51% CAGR). Also see TRGP cash flow metrics for how efficiently the company converts equity into cash flow.
Index Memberships
Targa Resources Inc is a constituent of 2 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
Dow Jones Oil & Gas
DJUSEN
|
$2.32 Trillion | 2.37% | #13 of 77 |
|
S&P 500 Index
GSPC
|
$63.07 Trillion | 0.08% | #195 of 503 |
Weight: Targa Resources Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Targa Resources Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Targa Resources Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check TRGP stock price and chart for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
2.31x
Targa Resources Inc's market cap is 2.31 times its annual revenue
Latest Price to Earnings (P/E) Ratio
21.45x
Targa Resources Inc's market cap is 21.45 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $8.40 Billion | $6.64 Billion | -$187.30 Million | 1.26x | N/A |
| 2017 | $7.80 Billion | $8.86 Billion | $54.00 Million | 0.88x | 144.51x |
| 2018 | $6.25 Billion | $10.55 Billion | $1.60 Million | 0.59x | 3907.59x |
| 2019 | $7.75 Billion | $8.67 Billion | -$209.20 Million | 0.89x | N/A |
| 2020 | $5.23 Billion | $8.27 Billion | -$1.55 Billion | 0.63x | N/A |
| 2021 | $10.47 Billion | $17.44 Billion | $71.20 Million | 0.60x | 147.12x |
| 2022 | $15.05 Billion | $21.68 Billion | $1.14 Billion | 0.69x | 13.18x |
| 2023 | $18.22 Billion | $15.62 Billion | $828.20 Million | 1.17x | 21.99x |
| 2024 | $38.28 Billion | $16.63 Billion | $1.27 Billion | 2.30x | 30.15x |
| 2025 | $39.56 Billion | $17.14 Billion | $1.84 Billion | 2.31x | 21.45x |
Competitor Companies of TRGP by Market Capitalization
Companies near Targa Resources Inc in the global market cap rankings as of September 22, 2026. Review how tangible is Targa Resources Inc's equity to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Targa Resources Inc by market ranking:
- Enbridge Inc (TO:ENB): Ranked #233 globally with a market cap of $107.66 Billion USD ( CA$148.83 Billion CAD).
- Williams Companies Inc (NYSE:WMB): Ranked #302 globally with a market cap of $88.12 Billion USD.
- Enterprise Products Partners LP (NYSE:EPD): Ranked #328 globally with a market cap of $82.04 Billion USD.
- Kinder Morgan Inc (NYSE:KMI): Ranked #420 globally with a market cap of $68.70 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #233 | Enbridge Inc | TO:ENB | $107.66 Billion | CA$68.14 |
| #302 | Williams Companies Inc | NYSE:WMB | $88.12 Billion | $72.05 |
| #328 | Enterprise Products Partners LP | NYSE:EPD | $82.04 Billion | $38.89 |
| #420 | Kinder Morgan Inc | NYSE:KMI | $68.70 Billion | $31.84 |
Targa Resources Inc Historical Marketcap From 2015 to 2026
Between 2015 and today, Targa Resources Inc's market cap moved from $3.64 Billion to $ 62.65 Billion, with a yearly change of 20.51%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $62.65 Billion | +58.37% |
| 2025 | $39.56 Billion | +3.36% |
| 2024 | $38.28 Billion | +110.12% |
| 2023 | $18.22 Billion | +21.01% |
| 2022 | $15.05 Billion | +43.71% |
| 2021 | $10.47 Billion | +100.15% |
| 2020 | $5.23 Billion | -32.48% |
| 2019 | $7.75 Billion | +23.98% |
| 2018 | $6.25 Billion | -19.88% |
| 2017 | $7.80 Billion | -7.09% |
| 2016 | $8.40 Billion | +130.82% |
| 2015 | $3.64 Billion | -- |
End of Day Market Cap According to Different Sources
On Sep 21st, 2026 the market cap of Targa Resources Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $55.08 Billion USD |
| MoneyControl | $55.08 Billion USD |
| MarketWatch | $55.08 Billion USD |
| marketcap.company | $55.08 Billion USD |
| Reuters | $55.08 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Targa Resources Inc
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, tr… Read more