Targa Resources Corp. (TRGP) — Free Cash Flow Yield
Energy
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, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
| Metric | Value |
|---|---|
| FCF Yield | 1.0% |
| Energy Sector Avg FCF Yield | 4.5% |
| Annual Free Cash Flow | $584M |
| Market Cap | $59.1B |
| P/E Ratio | 26.4x |
Targa Resources Corp.'s FCF yield of 1.0% is below the Energy sector average (4.5%).
Frequently Asked Questions
What is Targa Resources Corp.'s (TRGP) free cash flow yield?
Targa Resources Corp.'s (TRGP) free cash flow yield is 1.0%. That is below the Energy sector average (4.5%).
Is TRGP's free cash flow yield good?
At 1.0%, TRGP's free cash flow yield is considered weak — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does Targa Resources Corp. generate?
Targa Resources Corp. generated $584M in free cash flow, against a market cap of $59.1B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →