TRGP vs. VG: Targa Resources vs. Venture Global Stock Comparison

November 11, 2026

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

Targa Resources (TRGP) has been public since December 7, 2010, giving it a longer listed trading history, while Venture Global (VG) listed on January 24, 2025 and still has a shorter public-market record.

Company profile comparison for Targa Resources (TRGP) and Venture Global (VG)
Profile Item	TRGP	VG
Name	Targa Resources Corp.	Venture Global Inc. Class A
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 Storage & Transportation	Oil & Gas Exploration & Production
Market Capitalization	56.77 billion USD	28.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 7, 2010	January 24, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

TRGP

GSPC

Targa Resources (TRGP) vs. Venture Global (VG), 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 Targa Resources (TRGP) and Venture Global (VG). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
Total Return (1Y)	61.02%	49.08%
Total Return (3Y, Annualized)	51.25%	--
Total Return (5Y, Annualized)	39.54%	--

Risk Profile

Drawdown History

TRGP

GSPC

Targa Resources (TRGP) vs. Venture Global (VG), 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 Targa Resources (TRGP) and Venture Global (VG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
Volatility (1Y, Annualized)	29.62%	75.79%
Beta (5Y)	0.79	0.48
Max Drawdown (5Y)	-31.61%	-75.16%
Avg. Volume (3M)	1.21M	14.78M

Risk-Adjusted Performance

Risk-Return Positioning

TRGP and VG 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 Venture Global (VG)
Metric	TRGP	VG
Sharpe Ratio (1Y)	1.92	0.59
Sortino Ratio (1Y)	2.91	0.90

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; Venture Global (VG) at 33.64% also sits in the top quartile.

TRGP

Energy industry group

73.42%

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

VG

Energy industry group

33.64%

Max: 53.85%
VG: 33.64%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Targa Resources (TRGP) vs. Venture Global (VG): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Targa Resources (TRGP) at 13.46% and Venture Global (VG) at 22.05% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

TRGP

Energy industry group

13.46%

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

VG

Energy industry group

22.05%

Max: 56.92%
Q3: 22.92%
VG: 22.05%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Venture Global (VG) at 47.79% 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%

VG

Energy industry group

47.79%

Max: 71.31%
VG: 47.79%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
ROE (TTM)	73.42%	33.64%
ROA (TTM)	9.52%	7.38%
Net Margin (TTM)	13.46%	22.05%
Operating Margin (TTM)	19.58%	47.79%
Gross Margin (TTM)	41.82%	46.92%

Growth

Revenue Growth

Venture Global (VG) at 176.93% clears its industry range for revenue growth, far stronger top-line momentum than Targa Resources (TRGP) at 3.95%, which is closer to a typical peer reading.

Targa Resources (TRGP) vs. Venture Global (VG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Targa Resources (TRGP) at 46.92% and Venture Global (VG) at 41.08% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Targa Resources (TRGP) vs. Venture Global (VG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
Revenue Growth (YoY)	3.95%	176.93%
Revenue Growth (3Y CAGR)	-6.65%	28.77%
EPS Growth (YoY)	46.92%	41.08%
EPS Growth (3Y CAGR)	30.53%	6.05%

Financial Strength

Current Ratio (MRQ)

Venture Global (VG) at 1.19 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.

TRGP

Energy industry group

0.74

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

VG

Energy industry group

1.19

Max: 3.64
Q3: 2.21
Median: 1.41
VG: 1.19
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Debt sits unusually high against shareholders’ equity for both Targa Resources (TRGP) at 5.01 and Venture Global (VG) at 3.55 — each debt-to-equity ratio 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

VG

Energy industry group

3.55

VG: 3.55
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Targa Resources (TRGP) vs. Venture Global (VG): 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 Venture Global (VG)
Metric	TRGP	VG
Current Ratio (MRQ)	0.74	1.19
Debt / Equity (MRQ)	5.01	3.55
Net Debt / EBITDA	3.38	5.40

Dividends

Dividend Yield (TTM)

Both Targa Resources (TRGP) at 1.75% and Venture Global (VG) at 0.61% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

TRGP

Energy industry group

1.75%

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

VG

Energy industry group

0.61%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
VG: 0.61%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Targa Resources (TRGP) at 39.82% and Venture Global (VG) at 5.51% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

TRGP

Energy industry group

39.82%

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

VG

Energy industry group

5.51%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
VG: 5.51%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
Dividend Yield (TTM)	1.75%	0.61%
Dividend Payout Ratio (TTM)	39.82%	5.51%

Valuation

P/E Ratio (TTM)

Venture Global (VG) at 9.08 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.

TRGP

Energy industry group

23.42

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

VG

Energy industry group

9.08

Max: 39.54
Q3: 21.72
Median: 12.19
VG: 9.08
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Venture Global (VG) at 1.70 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.

TRGP

Energy industry group

3.12

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

VG

Energy industry group

1.70

Max: 5.40
Q3: 2.85
VG: 1.70
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: Venture Global (VG) at 3.36 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

VG

Energy industry group

3.36

Max: 4.21
VG: 3.36
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for Targa Resources (TRGP) and Venture Global (VG)
Metric	TRGP	VG
P/E Ratio (TTM)	23.42	9.08
P/S Ratio (TTM)	3.12	1.70
P/B Ratio (MRQ)	14.87	3.36
Free Cash Flow Yield (TTM)	0.29%	-29.96%