TRGP Targa Resources (TRGP) Insider Trading, Ownership & Congress Trades
Utilities · Natural gas transmission · CIK 0001389170
Congress · 1Form 144 · 3
Insider buyers, 180 days
0
Funds added, last quarter
559
13F, latest reported quarter
What the filings say about TRGP
Insiders, 180 days
-$4.3M net sold
2 sellers · 0% of sales under a 10b5-1 plan
Congress, 1 year
1 bought · 1 sold
Latest: purchase, 2026-02-10
Planned sales (Form 144), 90 days
$3.3M
3 notices
Targa Resources insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Targa Resources Corp. insiders sold a net $4.3M of stock across 161 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 9 earlier Form 4 trades (code P or S) here by this insider (9 sales), the last on May 12, 2026.
- The trade is 4.8% of the 62,292 shares held after it.
- 1 other insider sold within 30 days.
- 559 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director CRISP CHARLES R sold about $870.7K of TRGP on Aug 25, 2026; 1 other insider sold within 30 days and 559 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Feb 25, 2025.
- The trade is 12.6% of the 3,489 shares held after it.
- 1 other insider sold within 30 days.
- 559 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Davis Waters S IV sold about $130.4K of TRGP on Aug 21, 2026; 1 other insider sold within 30 days and 559 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Feb 25, 2025.
- The trade is 24.7% of the 2,797 shares held after it.
- 1 other insider sold within 30 days.
- 559 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Davis Waters S IV sold about $205.8K of TRGP on Aug 21, 2026; 1 other insider sold within 30 days and 559 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Feb 25, 2025.
- The trade is 10.0% of the 2,543 shares held after it.
- 1 other insider sold within 30 days.
- 559 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Davis Waters S IV sold about $75.9K of TRGP on Aug 21, 2026; 1 other insider sold within 30 days and 559 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Feb 25, 2025.
- The trade is 6.4% of the 2,389 shares held after it.
- 1 other insider sold within 30 days.
- 559 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Davis Waters S IV sold about $46.2K of TRGP on Aug 21, 2026; 1 other insider sold within 30 days and 559 funds added in the latest 13F quarter.161 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$4.3M over 180 days
-$1.6M over 90 days
below 89% of Utilities
Congress
1 member bought in the last year
the lowest in Utilities
Funds
559 funds bought in last quarter
more than 83% of Utilities
Revenue
+3.9% year over year
below 67% of Utilities
Margin
11.3% net margin
below 51% of Utilities
Buybacks
no share repurchases reported
Short interest
2.5% of the float short (float per yahoo 2026-10-26) · 4.0 days to cover · settled 2026-09-30
below 59% of Utilities
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch TRGP
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+97.1%12M
Insider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns TRGP: institutional holders (13F)
13F holdings, latest reported quarter
20,832,687 sh
$5.6B
14,226,166 sh
$3.8B
14,176,394 sh
$3.8B
14,015,559 sh
$3.8B
11,697,574 sh
$3.1B
Congress trades in TRGP
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Bought 2026-02-10 · disclosed 27 days later
$1,001 - $15,000
Sold 2026-01-09 · disclosed 35 days later
$1,001 - $15,000
Bought 2025-12-19 · disclosed 24 days later
$1,001 - $15,000
Bought 2025-11-18 · disclosed 27 days later
$1,001 - $15,000
Bought 2025-11-12 · disclosed 33 days later
$1,001 - $15,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
TRGP planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Chung Paul W
Filed 2026-08-26
$1.7M
CHARLES CRISP
Filed 2026-08-25
$870.7K
Davis Waters S IV
Filed 2026-08-20
$725.4K
TRGP mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
MainGate MLP Fund
$159.4M position · as of 2026-05-31
19.0%
Invesco SteelPath MLP Alpha Plus Fund
$43.7M position · as of 2026-05-31
13.3%
Center Coast Brookfield Midstream Focus Fund
$130.0M position · as of 2026-06-30
11.6%
Eagle Energy Infrastructure Fund
$30.8M position · as of 2026-07-31
11.4%
Tortoise Energy Infrastructure Total Return Fund
$383.7M position · as of 2026-05-31
10.2%
NYLI Cushing MLP Premier Fund
$117.3M position · as of 2026-05-31
9.8%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Corporate PAC
The company's PAC: committee totals only, never individual donors (FEC).
Targa Resources Corp. Federal Pac
Cycle 2026 · $90K spent
$57.8K
Federal Election Commission, matched by the PAC's connected organisation
Executive pay vs shareholder return
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$21.5M
$31.0M
$6.6M
+670%
+247%
2024
$15.5M
$77.3M
$5.2M
+629%
+237%
2023
$14.2M
$28.6M
$4.6M
+247%
+124%
2022
$15.2M
$39.2M
$4.7M
+187%
+88%
2021
$14.7M
$40.3M
$4.4M
+100%
+45%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $4.3M sold by insiders over 180 days, 559 funds added last quarter, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $3.3M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
TRGP financials
Revenue growth
+3.9%
XBRL, annual
Net margin
11.3%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$16.7B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM TRGP
| FY Dec 2025 | $17.0B |
| FY Dec 2024 | $16.4B |
| FY Dec 2023 | $16.1B |
| FY Dec 2022 | $20.9B |
| FY Dec 2021 | $16.9B |
| Jun 2026 | $4.4B |
| Mar 2026 | $4.1B |
| Dec 2025 | $4.1B |
| Sep 2025 | $4.2B |
| Jun 2025 | $4.3B |
| Mar 2025 | $4.6B |
| Dec 2024 | $4.4B |
| Sep 2024 | $3.9B |
At each fiscal year end
Single quarter
Net margin, TTM
+13.5%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM TRGP
| FY Dec 2025 | +11.3% |
| FY Dec 2024 | +8.0% |
| FY Dec 2023 | +8.4% |
| FY Dec 2022 | +5.7% |
| FY Dec 2021 | +0.4% |
| Jun 2026 | +17.2% |
| Mar 2026 | +11.7% |
| Dec 2025 | +13.4% |
| Sep 2025 | +11.5% |
| Jun 2025 | +14.8% |
| Mar 2025 | +5.9% |
| Dec 2024 | +8.0% |
| Sep 2024 | +10.1% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$740.9M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM TRGP
| FY Dec 2025 | $584.1M |
| FY Dec 2024 | $683.9M |
| FY Dec 2023 | $826.2M |
| FY Dec 2022 | $1.0B |
| FY Dec 2021 | $1.8B |
| Jun 2026 | $431.2M |
| Mar 2026 | -$160.0M |
| Dec 2025 | $542.3M |
| Sep 2025 | -$72.6M |
| Jun 2025 | -$47.8M |
| Mar 2025 | $162.2M |
| Dec 2024 | $601.0M |
| Sep 2024 | -$287.9M |
At each fiscal year end
Single quarter
Debt to equity
5.40x
long-term 2026-06-30 plus current 2021-12-31 (54 months older than the period end); equity 2026-06-30
Debt to equity TRGP
| FY Dec 2025 | 5.73x |
| FY Dec 2024 | 5.53x |
| FY Dec 2023 | 4.78x |
| FY Dec 2022 | 4.38x |
| FY Dec 2021 | 3.35x |
| Jun 2026 | 5.40x |
| Mar 2026 | 6.15x |
| Dec 2025 | 5.73x |
| Sep 2025 | 6.50x |
| Jun 2025 | 6.57x |
| Mar 2025 | 6.67x |
| Dec 2024 | 5.53x |
| Sep 2024 | 5.60x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.22x
TTM operating cash flow over long-term 2026-06-30 plus current 2021-12-31 (54 months older than the period end)
Cash flow to debt TRGP
| FY Dec 2025 | 0.22x |
| FY Dec 2024 | 0.25x |
| FY Dec 2023 | 0.25x |
| FY Dec 2022 | 0.20x |
| FY Dec 2021 | 0.34x |
| Jun 2026 | 0.22x |
| Mar 2026 | 0.19x |
| Dec 2025 | 0.22x |
| Sep 2025 | 0.21x |
| Jun 2025 | 0.22x |
| Mar 2025 | 0.23x |
| Dec 2024 | 0.25x |
| Sep 2024 | 0.23x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+72.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity TRGP
| FY Dec 2025 | +67.9% |
| FY Dec 2024 | +49.2% |
| FY Dec 2023 | +49.8% |
| FY Dec 2022 | +51.1% |
| FY Dec 2021 | +3.1% |
| Jun 2026 | +72.6% |
| Mar 2026 | +76.3% |
| Dec 2025 | +67.9% |
| Sep 2025 | +65.5% |
| Jun 2025 | +64.8% |
| Mar 2025 | +50.7% |
| Dec 2024 | +49.2% |
| Sep 2024 | +49.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets TRGP
| FY Dec 2025 | +8.0% |
| FY Dec 2024 | +6.0% |
| FY Dec 2023 | +6.7% |
| FY Dec 2022 | +6.9% |
| FY Dec 2021 | +0.5% |
| Jun 2026 | +8.7% |
| Mar 2026 | +8.5% |
| Dec 2025 | +8.0% |
| Sep 2025 | +7.5% |
| Jun 2025 | +7.3% |
| Mar 2025 | +6.0% |
| Dec 2024 | +6.0% |
| Sep 2024 | +6.0% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+13.3%
operating income after a 21.3% effective tax rate, over long-term 2026-06-30 plus current 2021-12-31 (54 months older than the period end) plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital TRGP
| FY Dec 2025 | +12.9% |
| FY Dec 2024 | +12.8% |
| FY Dec 2023 | +13.7% |
| FY Dec 2022 | +11.5% |
| FY Dec 2021 | n/a |
| Jun 2026 | +13.3% |
| Mar 2026 | +13.1% |
| Dec 2025 | +12.9% |
| Sep 2025 | +12.1% |
| Jun 2025 | +12.3% |
| Mar 2025 | +11.1% |
| Dec 2024 | +12.8% |
| Sep 2024 | +12.5% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+16.9%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed TRGP
| FY Dec 2025 | +16.2% |
| FY Dec 2024 | +14.4% |
| FY Dec 2023 | +15.3% |
| FY Dec 2022 | +11.8% |
| FY Dec 2021 | +6.4% |
| Jun 2026 | +16.9% |
| Mar 2026 | +16.8% |
| Dec 2025 | +16.2% |
| Sep 2025 | +15.4% |
| Jun 2025 | +15.5% |
| Mar 2025 | +13.8% |
| Dec 2024 | +14.4% |
| Sep 2024 | +14.3% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
28.93x
close 2026-10-27 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing TRGP
| FY Dec 2025 | 21.73x |
| FY Dec 2024 | 31.10x |
| FY Dec 2023 | 23.67x |
| FY Dec 2022 | 18.89x |
| FY Dec 2021 | n/a |
| Jun 2026 | 25.63x |
| Mar 2026 | 25.61x |
| Dec 2025 | 21.73x |
| Sep 2025 | 22.58x |
| Jun 2025 | 24.98x |
| Mar 2025 | 36.92x |
| Dec 2024 | 31.10x |
| Sep 2024 | 26.76x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$84.5B
market value at close 2026-10-27 on 2026-07-31 shares, plus long-term 2026-06-30 plus current 2021-12-31 (54 months older than the period end), minus cash 2026-06-30
Enterprise value TRGP
| FY Dec 2025 | $57.0B |
| FY Dec 2024 | $53.1B |
| FY Dec 2023 | $32.3B |
| FY Dec 2022 | $28.1B |
| FY Dec 2021 | $18.6B |
| Jun 2026 | $77.2B |
| Mar 2026 | $73.1B |
| Dec 2025 | $57.0B |
| Sep 2025 | $53.5B |
| Jun 2025 | $54.7B |
| Mar 2025 | $59.9B |
| Dec 2024 | $53.1B |
| Sep 2024 | $46.7B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+1.1%
TTM free cash flow over market value at close 2026-10-27
FCF yield TRGP
| FY Dec 2025 | +1.5% |
| FY Dec 2024 | +1.8% |
| FY Dec 2023 | +4.3% |
| FY Dec 2022 | +6.3% |
| FY Dec 2021 | +15.0% |
| Jun 2026 | +1.3% |
| Mar 2026 | +0.5% |
| Dec 2025 | +1.5% |
| Sep 2025 | +1.8% |
| Jun 2025 | +1.1% |
| Mar 2025 | +1.5% |
| Dec 2024 | +1.8% |
| Sep 2024 | +1.0% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
0.58x
P/E over trailing EPS growth of 50%: four quarters to 2026-06-30 against the four to 2025-06-30
PEG, trailing TRGP
| FY Dec 2025 | 0.45x |
| FY Dec 2024 | 0.55x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | 0.51x |
| Mar 2026 | 0.32x |
| Dec 2025 | 0.45x |
| Sep 2025 | 0.66x |
| Jun 2025 | 0.53x |
| Mar 2025 | 3.15x |
| Dec 2024 | 0.55x |
| Sep 2024 | 0.60x |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $17.0B | $16.4B | $16.1B | $20.9B |
| Operating income | $3.3B | $2.7B | $2.6B | $1.7B |
| Net income | $1.9B | $1.3B | $1.3B | $1.2B |
| EPS (diluted) | 8.49 | 5.74 | 3.66 | 3.88 |
| Operating cash flow | $3.9B | $3.6B | $3.2B | $2.4B |
| Cash | $166.1M | $157.3M | $141.7M | $219.0M |
| Long-term debt | $17.4B | $14.2B | $13.0B | $11.5B |
SEC XBRL, fiscal years, as known on 2026-10-28
TRGP Stock Sonar score 6/7 axes
Find similar shapesCompareTRGP ranks highest on profitability (98th percentile) and risk and compliance (52nd), and lowest on insider conviction (5th), among Utilities peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
TRGP filings, in plain words
Are Targa Resources insiders buying or selling TRGP?
In the 180 days to 2026-10-28, Targa Resources insiders were net sellers, a net $4.3M across purchases and sales reported on Form 4, by 2 sellers.
Have members of Congress traded TRGP?
Yes. In the year to 2026-10-28, 1 House member disclosed buying TRGP and 1 House member disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-02-10.
Are there planned insider sales of TRGP?
Yes. 3 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $3.3M of stock; the latest, by Chung Paul W, was filed 2026-08-26.
Read the full summary
In the 180 days to 2026-10-28, Targa Resources insiders were net sellers of TRGP, a net $4.3M across purchases and sales reported on Form 4 by 2 sellers. None of the 8 insider sales was flagged as made under a Rule 10b5-1 plan. In the year to 2026-10-28, 1 member of Congress disclosed buying TRGP and 1 member disclosed selling it; the latest on record is a purchase by Gilbert Cisneros dated 2026-02-10. Insiders filed 3 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $3.3M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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