TRGP
Targa Resources Corp.Energy · $58.2B market cap
Verdict
Share price
$281.74
close of Oct 3, 2026
Fair value
$106.66
Sticker Price
Payback Price
$42.66
buy price
TRGP is Overpriced: at $281.74 it trades 164% above its fair value of $106.66. Its buy price (Payback Price) is $42.66, 85% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
3 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold TRGP. In Q2 2026, 1 added. Who we track
Bill Nygren
Oakmark Funds · as of Q2 2026
$2.1B
7,937,530 shares
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$27K
101 shares
Moves in Q2 2026
Insider activity
Since Jul 21, 2026: no open-market purchases, 9 sales worth $2.1M and 9 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Chung Paul W
director · 2026-09-01
Sold
$242K
Chung Paul W
director · 2026-09-01
Sold
$295K
CRISP CHARLES R
director · 2026-08-25
Sold
$871K
Davis Waters S IV
director · 2026-08-21
Sold
$179K
Davis Waters S IV
director · 2026-08-21
Sold
$82K
Other filings
About Targa Resources Corp.
Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a…
Oil & Gas Midstream
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works