# Targa Resources Corp. (TRGP): Dividend & Fundamentals

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- Sector: Energy · Industry: Oil & Gas Midstream
- Exchange: NYSE · Trading currency: USD

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 broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment...

## Quote & Key Metrics

As of 2026-10-22:

| Metric | Value |
|---|---|
| Price | $289.54 USD |
| Market Cap | $62.09B |
| P/E (TTM) | 27.68 |
| EPS (TTM) | $10.46 |
| 52-Week Range | $150.00 – $307.94 |
| Dividend Yield (TTM) | 1.55% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 1.55% |
| Annual Dividend (TTM) | $4.50 /share |
| Annual Dividend (Forward) | $5.00 /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 5 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | 25.0% / 35.7% / 65.7% / 3.2% |
| Payout Ratio (EPS, TTM) | 40.5% |
| Payout Ratio (FCF, TTM) | 123.3% |
| Payout Ratio (EPS, forward dividend) | 47.6% |
| Payout Ratio (FCF, forward dividend) | 145.1% |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-10-30 | $1.2500 | 2026-11-17 |
| 2026-07-31 | $1.2500 | 2026-08-14 |
| 2026-04-30 | $1.2500 | 2026-05-15 |
| 2026-01-30 | $1.0000 | 2026-02-13 |
| 2025-10-31 | $1.0000 | 2025-11-17 |
| 2025-07-31 | $1.0000 | 2025-08-15 |
| 2025-04-30 | $1.0000 | 2025-05-15 |
| 2025-01-31 | $0.7500 | 2025-02-14 |
| 2024-10-31 | $0.7500 | 2024-11-15 |
| 2024-07-31 | $0.7500 | 2024-08-15 |
| 2024-04-29 | $0.7500 | 2024-05-15 |
| 2024-01-30 | $0.5000 | 2024-02-15 |

Full history: https://www.dividenddata.com/stocks/trgp/dividend

## Frequently Asked Questions

### What does Targa Resources Corp. do?

Targa Resources Corp. (TRGP) operates in the Oil & Gas Midstream industry within the Energy sector. Full company description, peers, and segment breakdown are on the page above.

### What is TRGP's market cap?

Targa Resources Corp. (TRGP) has a market capitalization of approximately $62.09 billion, as of October 22, 2026, based on the most recent share price and shares outstanding.

### Does TRGP pay a dividend?

Yes, Targa Resources Corp. (TRGP) pays a dividend quarterly, with a trailing-twelve-month yield of 1.55%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does TRGP pay dividends?

Targa Resources Corp. pays dividends quarterly. The forward annual rate is $5.00 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is TRGP's payout ratio?

Targa Resources Corp.'s payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/trgp
- Dividend history & safety: https://www.dividenddata.com/stocks/trgp/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/trgp/earnings
- Financial statements: https://www.dividenddata.com/stocks/trgp/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/trgp/valuation
- Peer comparison: https://www.dividenddata.com/stocks/trgp/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.