Seek Returns

EQNR vs. TRGP: Equinor vs. Targa Resources Stock Comparison

How do Equinor (EQNR) 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

Equinor (EQNR) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while TRGP falls under Oil & Gas Storage & Transportation.

Targa Resources (TRGP) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Targa Resources (TRGP)
Profile ItemEQNRTRGP
NameEquinor ASA Sponsored ADRTarga Resources Corp.
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization99.39 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001December 7, 2010
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
TRGP
GSPC
Loading price history…
Equinor (EQNR) 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

Loading price history…
Trailing total returns for Equinor (EQNR) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Equinor (EQNR) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Total Return (1Y)78.03%61.02%
Total Return (3Y, Annualized)17.56%51.25%
Total Return (5Y, Annualized)17.66%39.54%

Risk Profile

Drawdown History

EQNR
TRGP
GSPC
Loading price history…
Equinor (EQNR) 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

Loading price history…
Distribution of monthly total returns for Equinor (EQNR) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Volatility (1Y, Annualized)40.50%29.62%
Beta (5Y)0.180.79
Max Drawdown (5Y)-34.57%-31.61%
Avg. Volume (3M)3.77M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
EQNR 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 Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Sharpe Ratio (1Y)1.821.92
Sortino Ratio (1Y)2.762.91

Profitability

ROE (TTM)

Both companies show strong equity returns, but Targa Resources (TRGP) at 73.42% is the standout with ROE above its industry range; Equinor (EQNR) at 27.57% also sits in the top quartile.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
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%
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Equinor (EQNR) at 9.79% 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.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
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%
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Targa Resources (TRGP) at 19.58%, which runs around its industry’s norm.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
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%
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
ROE (TTM)27.57%73.42%
ROA (TTM)17.10%9.52%
Net Margin (TTM)9.79%13.46%
Operating Margin (TTM)37.00%19.58%
Gross Margin (TTM)43.18%41.82%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Loading chart…
Equinor (EQNR) 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 Equinor (EQNR) at -37.62% is closer to the peer norm — faster per-share earnings growth for TRGP.

Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Revenue Growth (YoY)3.24%3.95%
Revenue Growth (3Y CAGR)-10.78%-6.65%
EPS Growth (YoY)-37.62%46.92%
EPS Growth (3Y CAGR)-40.11%30.53%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 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.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
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
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Equinor (EQNR) at 0.66 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.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
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
Loading chart…
Equinor (EQNR) 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 Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Current Ratio (MRQ)1.180.74
Debt / Equity (MRQ)0.665.01
Net Debt / EBITDA0.123.38

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Targa Resources (TRGP) at 1.75% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
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%
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
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%
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
Dividend Yield (TTM)3.67%1.75%
Dividend Payout Ratio (TTM)31.54%39.82%

Valuation

P/E Ratio (TTM)

Equinor (EQNR) at 8.71 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
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
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 looks cheap on sales in the lower P/S ratio quartile, while Targa Resources (TRGP) at 3.12 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
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
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Equinor (EQNR) at 4.44 and Targa Resources (TRGP) at 14.87 look expensive — each P/B ratio sits above its industry’s benchmark range.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
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
Loading chart…
Equinor (EQNR) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Targa Resources (TRGP)
MetricEQNRTRGP
P/E Ratio (TTM)8.7123.42
P/S Ratio (TTM)0.823.12
P/B Ratio (MRQ)4.4414.87
Free Cash Flow Yield (TTM)32.55%0.29%