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TPL vs. TRGP: Texas Pacific Land vs. Targa Resources Stock Comparison

How do Texas Pacific Land (TPL) 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

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

Company profile comparison for Texas Pacific Land (TPL) and Targa Resources (TRGP)
Profile ItemTPLTRGP
NameTexas Pacific Land CorporationTarga Resources Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization18.79 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

TPL
TRGP
GSPC
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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Total Return (1Y)-14.10%61.02%
Total Return (3Y, Annualized)16.13%51.25%
Total Return (5Y, Annualized)13.42%39.54%

Risk Profile

Drawdown History

TPL
TRGP
GSPC
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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Volatility (1Y, Annualized)49.74%29.62%
Beta (5Y)0.620.79
Max Drawdown (5Y)-52.50%-31.61%
Avg. Volume (3M)380.93K1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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TPL 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 Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Sharpe Ratio (1Y)-0.371.92
Sortino Ratio (1Y)-0.502.91

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; Texas Pacific Land (TPL) at 37.07% also sits in the top quartile.

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
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%
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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while Targa Resources (TRGP) at 13.46% keeps roughly the typical share for its industry.

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
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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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Targa Resources (TRGP) at 19.58% operates around its industry’s norm.

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
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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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
ROE (TTM)37.07%73.42%
ROA (TTM)26.08%9.52%
Net Margin (TTM)60.71%13.46%
Operating Margin (TTM)76.20%19.58%
Gross Margin (TTM)94.09%41.82%

Growth

Revenue Growth

Both Texas Pacific Land (TPL) at 13.09% 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.

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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) at 6.04% is closer to the peer norm — faster per-share earnings growth for TRGP.

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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Revenue Growth (YoY)13.09%3.95%
Revenue Growth (3Y CAGR)6.15%-6.65%
EPS Growth (YoY)6.04%46.92%
EPS Growth (3Y CAGR)2.78%30.53%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
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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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower quartile, while Targa Resources (TRGP) at 5.01 is above its industry debt-to-equity ratio range.

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
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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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Current Ratio (MRQ)5.410.74
Debt / Equity (MRQ)0.015.01
Net Debt / EBITDA-0.443.38

Dividends

Dividend Yield (TTM)

Both Texas Pacific Land (TPL) at 0.86% and Targa Resources (TRGP) at 1.75% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
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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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Texas Pacific Land (TPL) at 27.42% 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.

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
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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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
Dividend Yield (TTM)0.86%1.75%
Dividend Payout Ratio (TTM)27.42%39.82%

Valuation

P/E Ratio (TTM)

Both Texas Pacific Land (TPL) at 32.00 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.

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
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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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) at 19.41 prices even higher, above its industry range.

TPL

Energy industry group

19.41

TPL
19.41
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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Texas Pacific Land (TPL) 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 Texas Pacific Land (TPL) at 10.42 and Targa Resources (TRGP) at 14.87 look expensive — each P/B ratio sits above its industry’s benchmark range.

TPL

Energy industry group

10.42

TPL
10.42
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
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Texas Pacific Land (TPL) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Texas Pacific Land (TPL) and Targa Resources (TRGP)
MetricTPLTRGP
P/E Ratio (TTM)32.0023.42
P/S Ratio (TTM)19.413.12
P/B Ratio (MRQ)10.4214.87
Free Cash Flow Yield (TTM)0.43%0.29%