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DTM vs. TRGP: DT Midstream vs. Targa Resources Stock Comparison

How do DT Midstream (DTM) and Targa Resources (TRGP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DT Midstream (DTM) and Targa Resources (TRGP) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for DT Midstream (DTM) and Targa Resources (TRGP)
Profile ItemDTMTRGP
NameDT Midstream, Inc.Targa Resources Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization11.60 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 1, 2021December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DTM
TRGP
GSPC
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DT Midstream (DTM) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DT Midstream (DTM) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DT Midstream (DTM) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Total Return (1Y)4.08%61.02%
Total Return (3Y, Annualized)32.58%51.25%
Total Return (5Y, Annualized)23.68%39.54%

Risk Profile

Drawdown History

DTM
TRGP
GSPC
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DT Midstream (DTM) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DT Midstream (DTM) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Volatility (1Y, Annualized)23.13%29.62%
Beta (5Y)0.750.79
Max Drawdown (5Y)-24.59%-31.61%
Avg. Volume (3M)983.33K1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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DTM and TRGP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Sharpe Ratio (1Y)-0.011.92
Sortino Ratio (1Y)-0.012.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than DT Midstream (DTM) at 9.92%, which is closer to a typical peer reading.

DTM

Energy industry group

9.92%

Max
53.85%
Q3
24.79%
Median
12.85%
DTM
9.92%
Q1
2.03%
Min
-29.09%

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

DT Midstream (DTM) at 35.36% retains a top-quartile share of revenue as profit, ahead of Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.

DTM

Energy industry group

35.36%

Max
56.92%
DTM
35.36%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

DT Midstream (DTM) at 49.11% operates in the top operating margin quartile, ahead of Targa Resources (TRGP) at 19.58%, which runs around its industry’s norm.

DTM

Energy industry group

49.11%

Max
71.31%
DTM
49.11%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
ROE (TTM)9.92%73.42%
ROA (TTM)4.05%9.52%
Net Margin (TTM)35.36%13.46%
Operating Margin (TTM)49.11%19.58%
Gross Margin (TTM)75.38%41.82%

Growth

Revenue Growth

DT Midstream (DTM) at 26.71% sits in the top revenue growth quartile, while Targa Resources (TRGP) at 3.95% is closer to the peer norm — faster top-line expansion for DTM.

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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while DT Midstream (DTM) at 19.44% is closer to the peer norm — faster per-share earnings growth for TRGP.

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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Revenue Growth (YoY)26.71%3.95%
Revenue Growth (3Y CAGR)10.55%-6.65%
EPS Growth (YoY)19.44%46.92%
EPS Growth (3Y CAGR)4.12%30.53%

Financial Strength

Current Ratio (MRQ)

DT Midstream (DTM) at 1.16 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.

DTM

Energy industry group

1.16

Max
3.64
Q3
2.21
Median
1.41
DTM
1.16
Q1
0.88
Min
0.24

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

DT Midstream (DTM) at 0.67 is near its industry mid-range for debt-to-equity ratio, while Targa Resources (TRGP) at 5.01 sits above its benchmark range, pointing to a heavier debt load relative to equity.

DTM

Energy industry group

0.67

Max
1.75
Q3
0.93
DTM
0.67
Median
0.54
Q1
0.30
Min
0.00

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Current Ratio (MRQ)1.160.74
Debt / Equity (MRQ)0.675.01
Net Debt / EBITDA3.303.38

Dividends

Dividend Yield (TTM)

Both DT Midstream (DTM) at 3.07% and Targa Resources (TRGP) at 1.75% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DTM

Energy industry group

3.07%

Max
8.57%
Q3
3.58%
DTM
3.07%
Median
1.71%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Targa Resources (TRGP) at 39.82% pays out a band-typical share of earnings, while DT Midstream (DTM) at 75.38% distributes more than its industry norm — less retained, thinner cover.

DTM

Energy industry group

75.38%

Max
133.24%
DTM
75.38%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
Dividend Yield (TTM)3.07%1.75%
Dividend Payout Ratio (TTM)75.38%39.82%

Valuation

P/E Ratio (TTM)

Both DT Midstream (DTM) at 24.76 and Targa Resources (TRGP) at 23.42 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

DTM

Energy industry group

24.76

Max
39.54
DTM
24.76
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Targa Resources (TRGP) at 3.12 sits in the upper P/S ratio quartile, and DT Midstream (DTM) at 8.70 prices even higher, above its industry range.

DTM

Energy industry group

8.70

DTM
8.70
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: DT Midstream (DTM) at 2.41 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

DTM

Energy industry group

2.41

Max
4.21
DTM
2.41
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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DT Midstream (DTM) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for DT Midstream (DTM) and Targa Resources (TRGP)
MetricDTMTRGP
P/E Ratio (TTM)24.7623.42
P/S Ratio (TTM)8.703.12
P/B Ratio (MRQ)2.4114.87
Free Cash Flow Yield (TTM)2.27%0.29%