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ENB vs. TRGP: Enbridge vs. Targa Resources Stock Comparison

How do Enbridge (ENB) 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

Enbridge (ENB) 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 Enbridge (ENB) and Targa Resources (TRGP)
Profile ItemENBTRGP
NameEnbridge Inc.Targa Resources Corp.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization104.51 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 15, 1984December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ENB
TRGP
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Total Return (1Y)3.49%61.02%
Total Return (3Y, Annualized)19.14%51.25%
Total Return (5Y, Annualized)8.72%39.54%

Risk Profile

Drawdown History

ENB
TRGP
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Volatility (1Y, Annualized)18.30%29.62%
Beta (5Y)0.590.79
Max Drawdown (5Y)-28.31%-31.61%
Avg. Volume (3M)5.05M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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ENB 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 Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Sharpe Ratio (1Y)-0.041.92
Sortino Ratio (1Y)-0.062.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Enbridge (ENB) at 9.22%, which is closer to a typical peer reading.

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 7.34% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Enbridge (ENB) at 10.16% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
ROE (TTM)9.22%73.42%
ROA (TTM)3.29%9.52%
Net Margin (TTM)7.34%13.46%
Operating Margin (TTM)10.16%19.58%
Gross Margin (TTM)32.59%41.82%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% 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 ENB.

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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Enbridge (ENB) at 37.61% and Targa Resources (TRGP) at 46.92% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Revenue Growth (YoY)21.92%3.95%
Revenue Growth (3Y CAGR)6.94%-6.65%
EPS Growth (YoY)37.61%46.92%
EPS Growth (3Y CAGR)36.00%30.53%

Financial Strength

Current Ratio (MRQ)

Both Enbridge (ENB) at 0.72 and Targa Resources (TRGP) at 0.74 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but TRGP is more stretched: Enbridge (ENB) at 1.63 sits in the higher-leverage quartile and Targa Resources (TRGP) at 5.01 is above its industry benchmark range.

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
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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Enbridge (ENB) 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 Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Current Ratio (MRQ)0.720.74
Debt / Equity (MRQ)1.635.01
Net Debt / EBITDA6.333.38

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Targa Resources (TRGP) reports a yield of 1.75%, ranking against industry peers normally.

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Targa Resources (TRGP) reports 39.82%, ranking against industry peers normally.

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
Dividend Yield (TTM)0.00%1.75%
Dividend Payout Ratio (TTM)147.68%39.82%

Valuation

P/E Ratio (TTM)

Both Enbridge (ENB) at 22.65 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.

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Enbridge (ENB) at 1.25 is priced about in line with its industry on P/S ratio, while Targa Resources (TRGP) at 3.12 sits in the pricier quartile — TRGP costs more per dollar of sales.

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
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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Enbridge (ENB) 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: Enbridge (ENB) at 2.59 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
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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Enbridge (ENB) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Targa Resources (TRGP)
MetricENBTRGP
P/E Ratio (TTM)22.6523.42
P/S Ratio (TTM)1.253.12
P/B Ratio (MRQ)2.5914.87
Free Cash Flow Yield (TTM)-1.01%0.29%