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TRGP vs. TRP: Targa Resources vs. TC Energy Stock Comparison

How do Targa Resources (TRGP) and TC Energy (TRP) 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

Targa Resources (TRGP) and TC Energy (TRP) 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 Targa Resources (TRGP) and TC Energy (TRP)
Profile ItemTRGPTRP
NameTarga Resources Corp.TC Energy Corporation
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization56.77 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 7, 2010September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

TRGP
TRP
GSPC
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Targa Resources (TRGP) vs. TC Energy (TRP), 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 Targa Resources (TRGP) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Total Return (1Y)61.02%24.67%
Total Return (3Y, Annualized)51.25%26.02%
Total Return (5Y, Annualized)39.54%9.85%

Risk Profile

Drawdown History

TRGP
TRP
GSPC
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Targa Resources (TRGP) vs. TC Energy (TRP), 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 Targa Resources (TRGP) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Volatility (1Y, Annualized)29.62%19.39%
Beta (5Y)0.790.64
Max Drawdown (5Y)-31.61%-38.98%
Avg. Volume (3M)1.21M2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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TRGP and TRP 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 Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Sharpe Ratio (1Y)1.921.05
Sortino Ratio (1Y)2.911.61

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than TC Energy (TRP) at 12.15%, which is closer to a typical peer reading.

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

TRP

Energy industry group

12.15%

Max
53.85%
Q3
24.79%
Median
12.85%
TRP
12.15%
Q1
2.03%
Min
-29.09%
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRP

Energy industry group

25.05%

Max
56.92%
TRP
25.05%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of Targa Resources (TRGP) at 19.58%, which runs around its industry’s norm.

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%

TRP

Energy industry group

41.66%

Max
71.31%
TRP
41.66%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
ROE (TTM)73.42%12.15%
ROA (TTM)9.52%3.70%
Net Margin (TTM)13.46%25.05%
Operating Margin (TTM)19.58%41.66%
Gross Margin (TTM)41.82%70.07%

Growth

Revenue Growth

Both Targa Resources (TRGP) at 3.95% and TC Energy (TRP) at 10.66% 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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Targa Resources (TRGP) vs. TC Energy (TRP): 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 TC Energy (TRP) at -26.19% is closer to the peer norm — faster per-share earnings growth for TRGP.

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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Revenue Growth (YoY)3.95%10.66%
Revenue Growth (3Y CAGR)-6.65%7.38%
EPS Growth (YoY)46.92%-26.19%
EPS Growth (3Y CAGR)30.53%72.24%

Financial Strength

Current Ratio (MRQ)

Both Targa Resources (TRGP) at 0.74 and TC Energy (TRP) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24

TRP

Energy industry group

0.57

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRP
0.57
Min
0.24
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Targa Resources (TRGP) vs. TC Energy (TRP): 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: TC Energy (TRP) at 1.68 sits in the higher-leverage quartile and Targa Resources (TRGP) at 5.01 is above its industry benchmark range.

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00

TRP

Energy industry group

1.68

Max
1.75
TRP
1.68
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Current Ratio (MRQ)0.740.57
Debt / Equity (MRQ)5.011.68
Net Debt / EBITDA3.386.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Targa Resources (TRGP) at 1.75% pays a more typical yield — both are credible income propositions, TRP the richer one.

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

5.57%

Max
8.57%
TRP
5.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Targa Resources (TRGP) vs. TC Energy (TRP): 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 TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

93.87%

Max
133.24%
TRP
93.87%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
Dividend Yield (TTM)1.75%5.57%
Dividend Payout Ratio (TTM)39.82%93.87%

Valuation

P/E Ratio (TTM)

Both Targa Resources (TRGP) at 23.42 and TC Energy (TRP) at 23.19 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.

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99

TRP

Energy industry group

23.19

Max
39.54
TRP
23.19
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Targa Resources (TRGP) at 3.12 and TC Energy (TRP) at 4.03 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

TRP

Energy industry group

4.03

Max
5.40
TRP
4.03
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: TC Energy (TRP) at 3.54 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

TRP

Energy industry group

3.54

Max
4.21
TRP
3.54
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Targa Resources (TRGP) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Targa Resources (TRGP) and TC Energy (TRP)
MetricTRGPTRP
P/E Ratio (TTM)23.4223.19
P/S Ratio (TTM)3.124.03
P/B Ratio (MRQ)14.873.54
Free Cash Flow Yield (TTM)0.29%0.77%