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Targa Resources Inc (TRGP) — chart, structure and Closelooknet read

The Closelooknet read

Targa Resources owns and runs North American midstream infrastructure, moving natural gas, natural gas liquids and crude oil from the wellhead to market. It works through two segments: gathering and processing, which handles gas and liquids near the well, and logistics and transportation, which stores, fractionates and ships the products, including propane and export cargoes.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Research diary readings, not advice.

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Signals for this name

Every Closelooknet reading that exists for TRGP, from the same nightly bakes the boards use. Research diary readings, not advice.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 44/100 · S&P 500 fund at 48, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-05
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 73th percentile of the window, -21.7% over 20 sessions. Factor regime → 2026-11-04
  • Sovereign pressure Index -2.05 · down 2.95 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-05
How it trades on rate days beta −0.74 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How TRGP has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year −0.74 — moves strongly against bonds for every 1% move in TLT (20+ year Treasuries), Targa Resources Inc moved −0.74% on average · correlation −0.24 · higher than 3% of US names
  • Beta, last 3 months −0.73 about the same as over the year
  • On the 10 worst bond days +0.37% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days +0.05% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Oil & Gas Midstream · United States · 7 names with week and year-to-date

Peer group

Oil & Gas Midstream · United States

This name carries no Closelooknet score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against TRGP on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — Targa Resources Inc

TRGP in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Targa Resources owns and runs North American midstream infrastructure, moving natural gas, natural gas liquids and crude oil from the wellhead to market. It works through two segments: gathering and processing, which handles gas and liquids near the well, and logistics and transportation, which stores, fractionates and ships the products, including propane and export cargoes. It also owns rail cars, trucks and barges that carry liquids to retailers, refiners and petrochemical plants. The company is based in Houston, Texas, and was incorporated in 2005.
Where it sits in the stack
Targa holds no seat in Rubin, our index for the AI build-out, so it sits outside that stack entirely. In our wider universe it belongs to the Energy sector, under Oil & Gas Midstream, handling fuel and feedstock flows rather than digital infrastructure or compute.
Who it is priced against
The diary has no peer group set for Targa. The market commonly places it alongside other large midstream operators such as Energy Transfer, which gathers, processes and moves similar volumes of gas and liquids.
Why Closelooknet tracks it
Targa is a constituent of the S&P 500, our broad-market reference, but it carries no Closelooknet score yet and no quotes appear for it in the diary.
What the diary watches
The diary watches whether growth in natural gas liquids output and export demand keeps utilisation high across Targa's gathering, processing and terminal assets.

Targa Resources Inc (TRGP) trades on US exchanges.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 9 analyst actions on the wire · latest: price target by BMO Capital, 2026-10-21

The Street on this name

Analyst actions and the latest print for TRGP from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target BMO Capital — target 328 from 303 Target raised to $328 from $303 (+10.5% to spot) 2026-10-21
  • Price target Raymond James — target 340 from 335 Target raised to $340 from $335 (+15.2% to spot) 2026-10-20
  • Price target Scotiabank — target 319 from 314 Target raised to $319 from $314 (+12.7% to spot) 2026-10-15

9 actions on the analyst wire since 2026-08-13: 9 target changes. Analyst wire → · Earnings wire →

Dividends and capital return trailing yield 1.75%, quarterly · last 1.25 USD on 2026-10-30

Dividends and capital return

What TRGP pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 4.75 USD per share · a 1.75% yield on the 2026-11-05 close 4 distributions, paid quarterly 2026-11-05
  • Change on the year +26.7% against the prior twelve months prior twelve months 3.75 USD per share
  • Last distribution 1.25 USD per share as the price series records it, within days of the ex-date 2026-10-30
  • By calendar year 2024: 2.75 USD · 2025: 3.75 USD · 2026: 4.75 USD to date first distribution recorded in the three-year window: 2024-01-30

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-06

Quick answers

What is Targa Resources Inc (TRGP)?

Targa Resources Inc trades as TRGP on the US exchange (United States) in the Closelooknet research universe, as of the registry build of 2026-11-06.

Is TRGP in a Closelooknet index?

Not currently — Targa Resources Inc is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-06.

Where does TRGP trade against its moving averages?

Targa Resources Inc trades 6.2% below its 50-day and 4.1% above its 200-day moving average (7.7% below its 20-day). As of 2026-11-05 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does Targa Resources Inc compare with its peers?

Against its peer group (Oil & Gas Midstream · United States), Targa Resources Inc (TRGP) sits 14.1% below its 52-week high, 6.2% below its 50-day average; Cheniere Energy Inc (LNG) is 15.5% below, New Fortress Energy LLC (NFE) is 77.2% below, Kinder Morgan Inc (KMI) is 13.3% below, as of 2026-11-05. Put any of them next to TRGP in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Targa Resources Inc trade when bond yields rise?

Over the past year Targa Resources Inc had a beta of −0.74 to TLT, the long-dated Treasury fund — it moves strongly against bonds, higher than 3% of US names. On the 10 sessions in which long bonds fell most it moved +0.37% on average, against −0.74% for the S&P 500. As of 2026-11-05; The "How it trades on rate days" block on this page carries the lines.

What does Targa Resources Inc do?

Targa Resources owns and runs North American midstream infrastructure, moving natural gas, natural gas liquids and crude oil from the wellhead to market. It works through two segments: gathering and processing, which handles gas and liquids near the well, and logistics and transportation, which stores, fractionates and ships the products, including propane and export cargoes. It also owns rail cars, trucks and barges that carry liquids to retailers, refiners and petrochemical plants. The diary has no peer group set for Targa. The market commonly places it alongside other large midstream operators such as Energy Transfer, which gathers, processes and moves similar volumes of gas and liquids. (Company snapshot of 2026-09-17.)

Where does Targa Resources Inc sit in the AI build-out?

Targa holds no seat in Rubin, our index for the AI build-out, so it sits outside that stack entirely. In our wider universe it belongs to the Energy sector, under Oil & Gas Midstream, handling fuel and feedstock flows rather than digital infrastructure or compute. Targa is a constituent of the S&P 500, our broad-market reference, but it carries no Closelooknet score yet and no quotes appear for it in the diary. (Company snapshot of 2026-09-17.)

Does Targa Resources Inc pay a dividend?

Targa Resources Inc has paid 4.75 USD per share over the last twelve months, paid quarterly, a trailing yield of 1.75% on the 2026-11-05 close; the last distribution recorded in the price series was 1.25 USD on 2026-10-30. As of 2026-11-05; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on Targa Resources Inc recently?

The most recent analyst action on Targa Resources Inc on the Closelooknet wire is a price target by BMO Capital on 2026-10-21 (target 328 from 303). 9 actions on the analyst wire since 2026-08-13: 9 target changes. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for TRGP, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

then Oil & Gas Midstream. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.