Targa Resources (TRGP) Shares Outstanding (2009 - 2026)
Targa Resources' Weighted Average Shares Outstanding was 214.5 million in Q3 2026, down 0.3% from 215.2 million a year earlier and unchanged from the prior quarter.
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Analysis
Targa Resources (TRGP) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding at Targa Resources came in at 216.1 million, down 1.9% from FY2024.
- Weighted Average Shares Outstanding has now declined for six consecutive years, with a five-year compound annual growth rate of -1.4% (FY2020 to FY2025).
- In earlier years, Weighted Average Shares Outstanding was 220.2 million in FY2024 (-2.0%), 224.6 million in FY2023 (-1.2%), 227.3 million in FY2022 (-0.6%) and 228.6 million in FY2021 (-1.6%).
- The Q3 2026 figure marks the lowest quarterly Weighted Average Shares Outstanding since Q4 2017.
- Compared with a year earlier, Weighted Average Shares Outstanding has declined for 18 straight quarters, with an average decline of 1.6% over the last eight quarters.
- Over the past five years, the year-over-year decline in Weighted Average Shares Outstanding ranged from 0.0% (Q1 2022) to 2.2% (Q1 2025).
- Per Business Quant data, TRGP's Weighted Average Shares Outstanding in the three quarters before Q3 2026 was 214.6 million (Q2 2026), 214.8 million (Q1 2026) and 216.1 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 2.19 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 1.24 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 2.16 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 2.23 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 1.04 Bn |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 3.44 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 214.50 Mn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 206.30 Mn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 1.01 Bn |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 631.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 214.50 Mn |
| Jun 30, 2026 | 214.60 Mn |
| Mar 31, 2026 | 214.80 Mn |
| Dec 31, 2025 | 216.10 Mn |
| Sep 30, 2025 | 215.20 Mn |
| Jun 30, 2025 | 216.60 Mn |
| Mar 31, 2025 | 217.90 Mn |
| Dec 31, 2024 | 220.20 Mn |
| Sep 30, 2024 | 219.00 Mn |
| Jun 30, 2024 | 221.00 Mn |
| Mar 31, 2024 | 222.80 Mn |
| Dec 31, 2023 | 224.60 Mn |
| Sep 30, 2023 | 223.80 Mn |
| Jun 30, 2023 | 225.60 Mn |
| Mar 31, 2023 | 226.40 Mn |
| Dec 31, 2022 | 227.30 Mn |
| Sep 30, 2022 | 226.60 Mn |
| Jun 30, 2022 | 227.80 Mn |
| Mar 31, 2022 | 228.50 Mn |
| Dec 31, 2021 | 228.60 Mn |
API Access
Targa Resources Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();