PR vs. TRGP: Permian Resources vs. Targa Resources Stock Comparison

November 11, 2026

How do Permian Resources (PR) 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

Permian Resources (PR) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though PR is classified under Oil & Gas Exploration & Production while TRGP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Permian Resources (PR) and Targa Resources (TRGP)
Profile Item	PR	TRGP
Name	Permian Resources Corp Class A Common Stock	Targa Resources Corp.
Country/Region	United States	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production	Oil & Gas Storage & Transportation
Market Capitalization	18.24 billion USD	56.77 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 15, 2016	December 7, 2010
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

TRGP

GSPC

Permian Resources (PR) 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 Permian Resources (PR) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Total Return (1Y)	69.18%	61.02%
Total Return (3Y, Annualized)	23.63%	51.25%
Total Return (5Y, Annualized)	26.41%	39.54%

Risk Profile

Drawdown History

TRGP

GSPC

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

Risk Metrics

Risk profile metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Volatility (1Y, Annualized)	34.59%	29.62%
Beta (5Y)	0.65	0.79
Max Drawdown (5Y)	-44.31%	-31.61%
Avg. Volume (3M)	9.78M	1.21M

Risk-Adjusted Performance

Risk-Return Positioning

PR 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 Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Sharpe Ratio (1Y)	1.88	1.92
Sortino Ratio (1Y)	2.73	2.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Permian Resources (PR) at 13.95%, which is closer to a typical peer reading.

PR

Energy industry group

13.95%

Max: 53.85%
Q3: 24.79%
PR: 13.95%
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%

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Permian Resources (PR) at 25.04% retains a top-quartile share of revenue as profit, ahead of Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.

PR

Energy industry group

25.04%

Max: 56.92%
PR: 25.04%
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%

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Permian Resources (PR) at 29.59% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

PR

Energy industry group

29.59%

Max: 71.31%
Q3: 33.75%
PR: 29.59%
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%

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
ROE (TTM)	13.95%	73.42%
ROA (TTM)	7.73%	9.52%
Net Margin (TTM)	25.04%	13.46%
Operating Margin (TTM)	29.59%	19.58%
Gross Margin (TTM)	77.14%	41.82%

Growth

Revenue Growth

Both Permian Resources (PR) at 1.29% 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.

Permian Resources (PR) 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 Permian Resources (PR) at -11.72% is closer to the peer norm — faster per-share earnings growth for TRGP.

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

Growth Metrics

Growth metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Revenue Growth (YoY)	1.29%	3.95%
Revenue Growth (3Y CAGR)	33.45%	-6.65%
EPS Growth (YoY)	-11.72%	46.92%
EPS Growth (3Y CAGR)	-7.36%	30.53%

Financial Strength

Current Ratio (MRQ)

Both Permian Resources (PR) at 0.50 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.

PR

Energy industry group

0.50

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
PR: 0.50
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

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Permian Resources (PR) at 0.26 keeps leverage in the lower quartile, while Targa Resources (TRGP) at 5.01 is above its industry debt-to-equity ratio range.

PR

Energy industry group

0.26

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
PR: 0.26
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

Permian Resources (PR) 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 Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Current Ratio (MRQ)	0.50	0.74
Debt / Equity (MRQ)	0.26	5.01
Net Debt / EBITDA	0.71	3.38

Dividends

Dividend Yield (TTM)

Both Permian Resources (PR) at 2.95% and Targa Resources (TRGP) at 1.75% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

PR

Energy industry group

2.95%

Max: 8.57%
Q3: 3.58%
PR: 2.95%
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%

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Permian Resources (PR) at 32.64% 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.

PR

Energy industry group

32.64%

Max: 133.24%
Q3: 53.31%
PR: 32.64%
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%

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
Dividend Yield (TTM)	2.95%	1.75%
Dividend Payout Ratio (TTM)	32.64%	39.82%

Valuation

P/E Ratio (TTM)

Permian Resources (PR) at 11.27 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.

PR

Energy industry group

11.27

Max: 39.54
Q3: 21.72
Median: 12.19
PR: 11.27
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

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Permian Resources (PR) at 2.86 and Targa Resources (TRGP) at 3.12 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

PR

Energy industry group

2.86

Max: 5.40
PR: 2.86
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

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Permian Resources (PR) at 1.48 sits near its industry’s typical P/B ratio, while Targa Resources (TRGP) at 14.87 prices above its benchmark range — TRGP looks rich relative to book.

PR

Energy industry group

1.48

Max: 4.21
Q3: 2.38
Median: 1.51
PR: 1.48
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

Permian Resources (PR) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Permian Resources (PR) and Targa Resources (TRGP)
Metric	PR	TRGP
P/E Ratio (TTM)	11.27	23.42
P/S Ratio (TTM)	2.86	3.12
P/B Ratio (MRQ)	1.48	14.87
Free Cash Flow Yield (TTM)	2.10%	0.29%