TRGP vs EPD Stock Comparison

Targa Resources and Enterprise Products Partners Prices as of Oct 27, 2026 Peers: Industry group
TRGP Targa Resources Corp.
$302.48 +8.9% 1M +96.4% 1Y
Market cap
$64.86B
P/E
28.6x
Revenue (TTM)
$16.74B
Div. yield
1.49%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Enterprise Products Partners leads on 8 of the 12 questions below (Enterprise Products Partners 8, Targa Resources 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRGPEPDLeader
Larger companyMarket capitalisation $64.86B $80.29B EPD
Cheaper on earningsLower P/E, profitable companies only 28.6x 12.8x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.5x 13.0x EPD
Faster revenue growthRevenue growth, trailing twelve months -2.0% +6.8% EPD
More profitableNet margin, trailing twelve months 13.5% 10.8% TRGP
Better return on capitalReturn on invested capital 13.2% 12.2% TRGP
Less leveragedLower net debt / EBITDA 3.5x 3.2x EPD
Higher dividend yieldTrailing dividend yield 1.49% 5.93% EPD
Better 1-year returnPrice return, last 12 months +96.4% +19.3% TRGP
Better 5-year returnAnnualised price return, 5 years +40.5%/yr +10.0%/yr TRGP
Less volatileAnnualised volatility, 1 year 28.5% 18.5% EPD
Higher overall scoreMean of the five percentile scores vs peers 41/100 51/100 EPD

Percentile Scorecard

TRGPEPD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTRGPEPD
Valuation 15 #30 of 35 71 #11 of 35
Growth 79 #8 of 34 24 #26 of 34
Profitability 70 #11 of 34 49 #18 of 34
Financial Health 27 #26 of 35 68 #12 of 35
Shareholder Returns 17 #26 of 31 43 #18 of 31
Overall 41 51
  • TRGP ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTRGPEPDSPY
1 month +8.9%+0.9% -0.2%
3 months +15.6%-3.8% +3.9%
6 months +21.8%-3.4% +8.2%
Year to date +63.9%+16.0% +12.9%
1 year +96.4%+19.3% +12.3%
3 years +258.4%+37.3% +87.4%
3 years, per year +53.1%+11.2% +23.3%
5 years +447.6%+60.7% +67.9%
5 years, per year +40.5%+10.0% +10.9%
10 years +548.7%+42.6% +261.1%
10 years, per year +20.6%+3.6% +13.7%

Risk

MeasureTRGPEPDSPY
Volatility, 1Y 28.5%18.5% 12.7%
Downside volatility, 1Y 26.2%18.0% 12.7%
Beta vs S&P 500, 1Y -0.34-0.32 1.00
Return / volatility, 1Y 3.391.04 0.97
Max drawdown, 5Y -32.6%-19.5% -25.4%
From 52-week high -0.7%-6.6% -1.2%
52-week high $304.61$39.80 $779.14
52-week low $151.38$30.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTRGPEPD
P/E now vs peer median 28.6xmedian 20.9x 12.8xmedian 20.9x
P/S now vs peer median 3.9xmedian 2.7x 1.4xmedian 2.7x
EV/EBITDA now vs peer median 15.3xmedian 11.0x 11.0xmedian 11.0x
P/FCF now vs peer median 87.5xmedian 16.5x 23.2xmedian 16.5x
P/B now vs peer median 17.1xmedian 2.6x 2.6xmedian 2.6x
PEG now vs peer median 0.69median 1.95 2.40median 1.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTRGPEPD
Revenue $16.74B $58.47B
Gross profit $7.23B –
Operating income $3.84B $7.85B
Net income $2.30B $6.37B
Free cash flow $740.90M $3.46B
EPS (diluted) $10.54 $2.89
Cash & equivalents $132.30M $246.00M
Total debt $19.58B $33.23B
Shares (diluted) 215.20M 2.19B
Enterprise value $64.48B $78.72B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTRGPEPD
P/E 28.6x 12.8x
P/FCF 87.5x 23.2x
P/Operating cash flow 15.1x 9.1x
P/S 3.9x 1.4x
P/B 17.1x 2.6x
P/Tangible book 38.4x 3.0x
EV/EBITDA 15.3x 11.0x
EV/EBIT 22.0x 14.4x
EV/Revenue 5.0x 1.9x
EV/FCF 113.8x 32.7x
EV/Operating cash flow 19.7x 12.8x
PEG (3Y EPS CAGR) 0.69 2.40

Growth

14 metrics
MetricTRGPEPD
Revenue growth (1Y) -2.0% 6.8%
Revenue CAGR (3Y) -2.1% 3.8%
Gross profit growth (1Y) 18.6% –
Gross profit CAGR (3Y) 12.2% –
Operating income growth (1Y) 27.6% 7.5%
Operating income CAGR (3Y) 15.8% 5.0%
Net income growth (1Y) 29.5% 7.5%
Net income CAGR (3Y) 12.5% 4.7%
EPS growth (1Y) 49.2% 7.7%
EPS CAGR (3Y) 41.3% 5.3%
Operating cash flow growth (1Y) 16.4% 0.6%
Operating cash flow CAGR (3Y) 14.6% 6.9%
Free cash flow growth (1Y) 73.3% -17.8%
Free cash flow CAGR (3Y) -4.7% -9.0%

Profitability

14 metrics
MetricTRGPEPD
Gross margin 43.2% –
EBITDA margin 32.9% 17.6%
Operating margin 22.9% 13.4%
Pretax margin 17.5% 10.9%
Net margin 13.5% 10.8%
FCF margin 4.4% 5.9%
Operating cash flow margin 25.6% 15.2%
Return on equity 65.2% 20.7%
Return on assets 8.3% 7.8%
Return on invested capital 13.2% 12.2%
Return on capital employed 15.7% 12.3%
Asset turnover 0.6x 0.7x
Cash conversion (OCF / net income) 1.9x 1.4x
Stock comp / revenue 0.5% –

Financial Health

11 metrics
MetricTRGPEPD
Debt / assets 68.7% 40.6%
Debt / equity 5.2x 1.1x
Net debt / EBITDA 3.5x 3.2x
Debt / FCF 26.4x 9.6x
Liabilities / assets 86.7% 62.0%
Equity / assets 13.3% 38.0%
Interest coverage – 5.2x
Current ratio 0.8x 0.9x
Quick ratio 0.6x 0.6x
Cash ratio 0.0x 0.0x
Altman Z-score 2.72 –

Shareholder Returns

7 metrics
MetricTRGPEPD
Dividend yield 1.5% 5.9%
Net buyback yield 0.5% 0.5%
Shareholder yield 2.0% 6.4%
Payout ratio (earnings) – 74.4%
Payout ratio (FCF) – 136.9%
Dividend growth (1Y) – 3.1%
Dividend CAGR (3Y) – 4.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTRGPEPD
Forward P/E 28.5xFY2026 13.0xFY2026
EPS, next fiscal year $10.62FY2026 $2.87FY2026
EPS growth, next FY +24.4%FY2026 +7.9%FY2026
EPS growth, the year after +24.8% +17.1%
Revenue, next fiscal year $19.51BFY2026 $66.68BFY2026
Revenue growth, next FY +14.6%FY2026 +26.8%FY2026
Revenue growth, the year after +14.9% +2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRGPEPD
Held by institutions 93.5% 24.8%
Institutions holding 1,085 1,581
Change in shares held, QoQ +2.9% +0.8%
Institutions buying 558 670
Institutions selling 353 435
Buyers to sellers 1.58 1.54

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TRGPEPD
TRGP 1.00 0.54
EPD 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRGP and EPD?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Targa Resources (TRGP) $64.86B, Enterprise Products Partners (EPD) $80.29B.

Which stock is cheaper, TRGP and EPD?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Targa Resources (TRGP) 28.6x, Enterprise Products Partners (EPD) 12.8x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Targa Resources (TRGP) 28.5x, Enterprise Products Partners (EPD) 13.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enterprise Products Partners (EPD) grew revenue fastest over the trailing twelve months: Targa Resources (TRGP) -2.0%, Enterprise Products Partners (EPD) +6.8%.

Which company is more profitable?

Targa Resources (TRGP) has the highest net margin (Targa Resources (TRGP) 13.5%, Enterprise Products Partners (EPD) 10.8%). On return on invested capital, Targa Resources (TRGP) leads (Targa Resources (TRGP) 13.2%, Enterprise Products Partners (EPD) 12.2%).

Which stock has performed better?

Over the past year Targa Resources (TRGP) returned the most: Targa Resources (TRGP) +96.4%, Enterprise Products Partners (EPD) +19.3%. Over five years, Targa Resources (TRGP) compounded fastest (Targa Resources (TRGP) +40.5%/yr, Enterprise Products Partners (EPD) +10.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enterprise Products Partners (EPD) has the highest dividend yield: Targa Resources (TRGP) 1.49%, Enterprise Products Partners (EPD) 5.93%.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Targa Resources (TRGP) 28.5%, Enterprise Products Partners (EPD) 18.5%). Volatility measures how widely the price swings, not the risk of the business.

Do TRGP and EPD move together?

Their daily returns over the past year have a correlation of 0.54, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, TRGP and EPD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.