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ALL
Market cap
$64.14B
EPS
10.46
P/E ratio
28.5
Price to sales
3.83
Dividend yield
1.672%
Beta
0.720289
Previous close
$302.25
Today's open
$303.11
Day's range
$295.72 - $307.94
52 week range
$144.14 - $307.94
show more
CEO
Matthew J. Meloy
Employees
3570
Headquarters
Houston, TX
Exchange
New York Stock Exchange
Shares outstanding
214431021
Issue type
Common Stock
Energy
Fossil Fuels
Our Top 10 High Growth Dividend Stocks - August 2026
The article provides a methodology for selecting high-growth dividend-paying stocks, focusing on dividend growth and sustainability rather than high current yield. We use our proprietary models to rate both quantitatively and qualitatively and select the top 10 names from an initial list of nearly 500 dividend stocks. The final list of ten stocks is chosen based on sector diversity, high-growth quality scores, and positive momentum and is suitable for investors in the accumulation phase.
Seeking Alpha • Aug 22, 2026

Targa Resources' Stock Near 52-Week High: Time to Lock in Gains? (Revised)
TRGP nears a 52-week high after an 85.2% rally, but premium valuation, heavy spending and moderating marketing gains raise questions.
Zacks Investment Research • Aug 21, 2026

Targa Resources Secures 20-Year Deal With ExxonMobil
Targa Resources Corp (TRGP) announced a major infrastructure expansion after securing long-term, fee-based agreements with ExxonMobil (XOM) across the Permian Delaware and Midland basins. The deal significantly bolsters Targa's processing and takeaway capabilities while offering midstream investors enhanced cash-flow visibility.
ETF Trends • Aug 21, 2026

How Targa's ExxonMobil Deal Could Extend Its Permian Growth Runway
TRGP's 20-year ExxonMobil agreements support new Permian infrastructure through 2046, while higher 2026 growth spending raises execution stakes.
Zacks Investment Research • Aug 21, 2026

Targa Resources: Reloading The Chamber For Growth With ExxonMobil Deal
Targa Resources secures a transformative 20-year midstream agreement with ExxonMobil, anchoring long-term growth and volume certainty. TRGP will invest in three new processing plants, a 70-mile pipeline, and potentially five additional plants, extending its aggressive growth trajectory. The XOM partnership delays the free cash flow inflection beyond 2028, but rising base EBITDA and project completions maintain positive FCF trends.
Seeking Alpha • Aug 20, 2026

Targa Resources' Stock Near 52-Week High: Time to Lock in Gains?
TRGP nears a 52-week high after an 85.2% rally, but premium valuation, heavy spending and moderating marketing gains raise questions.
Zacks Investment Research • Aug 19, 2026

This Energy Stock Is Spiking Now; Its Exxon Deal Smells Like AI
Energy stock Targa gained on AI-driven natural gas demand — and a big, new Exxon deal in the Permian Basin.
Investors Business Daily • Aug 18, 2026

Targa Secures Long-Term ExxonMobil Agreements Across the Permian
TRP expands its ExxonMobil pact through 2046, adding Permian acreage, 825 MMcf/d of processing capacity and Bull Run II.
Zacks Investment Research • Aug 18, 2026

Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware
Highlights Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil's development of its premier Permian Basin acreage Establishes an extensive new area of mutual interest (AMI) across the Permian Delaware for gathering and processing, and downstream services for 20 years Adds new acreage to our existing AMI in the Permian Midland Extends Targa's current Permian Midland agreements to 20 years for gathering and processing, and downstream services Adds a new 20-year NGL dedication for transportation and fractionation services across both the Permian Delaware and Permian Midland Announced today three new natural gas processing plants in the Permian Delaware to support production growth in the area Evaluating up to five additional new processing plants in the Permian Delaware to accommodate expected production growth in the area over the longer term Announced today a new ~70-mile natural gas pipeline in the Permian Delaware (“Bull Run II”) to increase natural gas takeaway capacity to the Waha Hub Further enhances Targa's existing long-term relationship with ExxonMobil Updating full year 2026 net growth capital estimate to ~$5.0 billion HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) today announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil, further strengthening the parties' strategic relationship across the Permian Basin. Targa has entered into long-term fee-based agreements with ExxonMobil for integrated natural gas gathering and processing (“G&P”) and downstream services in the Permian Basin.
GlobeNewsWire • Aug 17, 2026

Targa Resources Q2 Earnings Beat Estimates, Revenues Miss
TRGP beats Q2 earnings estimates as higher midstream fees and margins lift results, while lower commodity sales weigh on revenues.
Zacks Investment Research • Aug 14, 2026

¹ Disclosures

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