Targa Resources (TRGP) Shares Outstanding (2010 - 2026)
Targa Resources' Shares Outstanding was 214.6 million in Q2 2026, down 0.9% from 216.6 million a year earlier and down 0.1% from the prior quarter.
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Analysis
Targa Resources (TRGP) Shares Outstanding (2010 - 2026) Analysis & Trends
For FY2025, Shares Outstanding at Targa Resources came in at 216.1 million, down 1.9% from FY2024.
- 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, 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 Q2 2026 figure marks the lowest quarterly Shares Outstanding since Q4 2017.
- Compared with a year earlier, Shares Outstanding has declined for 17 straight quarters, with an average decline of 1.8% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding ranged from 0.0% (Q1 2022) to 2.2% (Q1 2025).
- Per Business Quant data, TRGP's Shares Outstanding in the three quarters before Q2 2026 was 214.8 million (Q1 2026), 216.1 million (Q4 2025) and 215.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.53 Bn | 99.08 Bn | 4.84 Bn | 2.18 Bn |
| 2 | Enterprise Products Partners | 76.92 Bn | 75.35 Bn | - | 2.16 Bn |
| 3 | Energy Transfer | 67.97 Bn | 61.41 Bn | 7.40 Bn | 3.44 Bn |
| 4 | Kinder Morgan | 67.10 Bn | 68.05 Bn | 3.07 Bn | 2.23 Bn |
| 5 | Tc Energy | 60.19 Bn | 63.26 Bn | 2.81 Bn | 1.04 Bn |
| 6 | Targa Resources | 57.97 Bn | 57.59 Bn | 2.14 Bn | 214.60 Mn |
| 7 | Mplx | 57.16 Bn | 50.72 Bn | 2.91 Bn | 1.02 Bn |
| 8 | Cheniere Energy | 55.61 Bn | 55.74 Bn | 5.29 Bn | 209.00 Mn |
| 9 | Oneok | 53.75 Bn | 52.24 Bn | 2.81 Bn | 630.90 Mn |
| 10 | Venture Global | 31.49 Bn | 26.04 Bn | 2.92 Bn | 2.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 228.80 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();