InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$294.90

2026-10-16

Market Cap

$63.2B

Volume

1.1M

52-Wk High

$307.94

52-Wk Low

$144.14

Trailing PE

28.0

P/S

3.77

Gross Margin

36.6%

Net Margin

13.5%

ROE

72%

ROIC

14%

Piotroski

7/9

Altman Z

2.6

1-Yr Return

+102.8%

5-Yr Return

+880.1%

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

SectorEnergyIndustryOil & Gas MidstreamExchangeNYSEMarket Cap$63.2BEmployees3,570 (SEC-filed)CEOMatthew J. MeloyIPO2010-12-07CountryUS

811 Louisiana Street, Houston, TX 77002 · Tel 713 584 1000 · targaresources.com

INSIDERSTREET SCORE57 / 100Street mean $327.00 (21 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$23M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · TRGP +102.8% · S&P 500 +15.9% · spread +86.9pp

7 Years vs S&P 500 · TRGP +880.1% · S&P 500 +189.9% · spread +690.3pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

INSIDERSTREET
SCORE57of 100

Score Breakdown

Profitability	74/100
Growth	62/100
Momentum	84/100
Quality	65/100
Earnings Quality	73/100
Balance Sheet	25/100
Value	41/100
Risk (safety)	50/100
Overall	57.3/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
LNG	62
OKE	49
ET	50
KMI	58
EPD	53
WMB	45
TRGP	57

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 57 in 26 Q2, latest 57 — +0 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY57 / 100IS Score 57.3 / 100 · +0.0 from peak of 57

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 72 / 100 · Power +43 · 16 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 57 and price structure at 72 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 57.3	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 57 → 53 → 49 → 57	the direction matters more than the level
Technical vote share back above 50%	now 100%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,095 → now 1,095	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score2 of 4top 13% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1083 up / 915 downnet +168 funds

Institutions Added (13F)64managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,095 · latest 1,095 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,095	203.1M	$53.1B	94.5%
2026 Q1	1,031	195.3M	$47.9B	90.8%
2025 Q4	952	198.4M	$35.8B	92.3%
2025 Q3	901	191.2M	$31.3B	89.0%
2025 Q2	913	194.1M	$33.1B	90.3%
2025 Q1	973	195.4M	$38.2B	90.9%
2024 Q4	945	196.5M	$34.4B	91.4%
2024 Q3	821	193.7M	$28.1B	90.1%
2024 Q2	740	196.8M	$24.8B	91.5%
2024 Q1	691	201.1M	$22.2B	93.6%
2023 Q4	653	202.2M	$17.3B	94.0%
2023 Q3	621	200.7M	$17.1B	93.3%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Perkins Joe Bob	director	2026-09-03	GIFT	8,370	—	102,100
Chung Paul W	director	2026-09-01	SELL	1,000	$0.30M	44,816
Chung Paul W	director	2026-09-01	SELL	816	$0.24M	44,000
Secrest Brent B.	See Remarks	2026-09-01	A-Award	10,000	—	10,000
Crisp Charles R	director	2026-08-25	GIFT	1,200	—	65,292
Crisp Charles R	director	2026-08-25	SELL	3,000	$0.87M	62,292
Davis Waters S Iv	director	2026-08-21	SELL	440	$0.13M	3,489
Davis Waters S Iv	director	2026-08-21	SELL	692	$0.21M	2,797

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	20	95,137	$23.2M	Counted
F — Tax withholding	4	7,184	$1.8M	None — compensation
G — Gifts	1	12,104	—	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$23.2M20 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-26	Chung Paul W	5,816	$1.7M
2026-08-25	Charles Crisp	3,000	$0.9M
2026-08-20	Davis Waters S Iv	2,400	$0.7M
2026-05-12	Charles Crisp	10,602	$2.7M
Trailing 12 mo	13 filings	164,859	$38M

Filed	Form	Reporting person	% of class	Shares
2026-05-15	SCHEDULE 13G/A	Wellington Management Company LLP	6.60%	15.0M sh
2026-04-29	SCHEDULE 13G	Vanguard Portfolio Management	5.54%	11.9M sh
2025-10-31	SCHEDULE 13G/A	The Vanguard Group	13.18%	28.4M sh
2025-08-12	SCHEDULE 13G/A	Wellington Management Company LLP	7.80%	18.0M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Gilbert Cisneros	House	BUY	$1,001 - $15,000	2026-02-10	2026-03-10
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-01-09	2026-02-13
Gilbert Ray Cisneros	House	SELL	$1,001 - $15,000	2026-01-08	2026-02-13
David Perdue	Senate	SELL	$1,001 - $15,000	2020-04-15	2021-05-02
David Perdue	Senate	SELL	$1,001 - $15,000	2020-04-15	2021-05-01
David Perdue	Senate	SELL	$1,001 - $15,000	2020-04-15	2021-05-01

House 12-Mo7 trades5 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,031

13F Shares195M90.8% of shares out

New / Closed165 / 75positions, QoQ

Increased / Reduced400 / 317positions, QoQ

Put/Call (13F)0.90option positions

Free Float98.4%211M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Artemis Investment Management Llp	457,261	$124M
Assenagon Asset Management S.A.	194,283	$53M
Ninety One Uk Ltd	155,668	$42M
Fisher Funds Management Ltd	149,969	$41M
Gateway Investment Advisers Llc	127,211	$34M
Deprince Race & Zollo Inc	114,017	$31M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.8B
VSMPX	0.1%	$1.8B
VTI	0.1%	$1.8B
VTSAX	0.1%	$1.8B
VFFSX	0.1%	$1.5B
VFIAX	0.1%	$1.5B

13F Filers Holding TRGP — quarterly

Institutional Put/Call — quarterly

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session67.5%2026-10-15

20-Day Avg64.2%50-day 64.5%

TrendFalling20d vs 50d

By Market CenterQ: 68% · N: 63% · B: 81%latest session

Weekly Notional ($B)

Where TRGP Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	1.7M	40 sh
Sgmt Sigma X2	1.0M	30 sh
Cgxs Onechronos	0.7M	57 sh
Ebxl Level Ats	0.7M	21 sh
Mlix Instinct X	0.6M	50 sh
Mstx Ms Trajectory Cross (Ats-1)	0.5M	22 sh

Where a dollar of Targa Resources Corp. revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
Logistics And Transportation	$14.6B	66%
Gathering And Processing	$7.4B	34%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TRGP (live moat model)Peer median: LNG · OKE · ET · KMI · EPD

Component scores from the live moat model. Peer median illustrative.

Moat score 42/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Matthew J. Meloy	Chief Executive Officer & Director
Jennifer R. Kneale	President
Patrick J. McDonie	President of Gathering & Processing
Robert Muraro	Chief Commercial Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)4 of 6recent quarters

Avg Surprise+4.6%

Next Report2026-11-05

Income Quality1.88OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+110.8%	+24.3%	-28.0%	+6.5%	+3.1%
Gross profit	+37.5%	+33.5%	-9.2%	+31.2%	+36.6%
Operating income	+43.8%	+36.5%	-12.0%	+34.6%	+17.1%
Net income	-104.6%	+1504.4%	-27.5%	+53.3%	+45.3%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	17.4	21.7	15.6	16.6	17.1
Cost of revenue	15.3	18.9	13.1	13.3	12.6
Gross profit	2.1	2.8	2.5	3.3	4.5
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.3	0.3	0.3	0.4	0.4
Operating income	1.8	2.5	2.2	2.9	3.4
EBITDA	1.7	3.2	4.0	4.1	4.9
D&A	0.9	1.1	1.3	1.4	1.5
Pretax income	0.4	1.7	1.9	1.9	2.5
Income tax	0.0	0.1	0.4	0.4	0.5
Net income	0.1	1.1	0.8	1.3	1.8
Diluted EPS ($)	-0.07	3.88	3.66	5.74	8.52
Diluted shares (M)	229	231	226	221	215

Operating CF$4B

CapEx$3B

Free cash flow$1B

SBC$0B

Buybacks$1B

Net cash change$0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.2	0.1	0.2	0.2
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	1.4	1.5	1.6	1.5
Total current assets	2.4	2.2	2.3	2.4
PP&E (net)	14.2	15.8	18.1	20.6
Goodwill + intangibles	2.7	2.4	2.0	1.8
Total assets	19.6	20.7	22.7	25.2
Accounts payable	1.4	1.6	2.0	1.9
Short-term debt	0.8	0.6	0.3	0.7
Deferred revenue	0.0	0.0	0.0	0.0
Total current liabilities	3.1	2.8	3.2	3.5
Long-term debt	10.5	12.1	13.5	16.4
Total liabilities	14.6	16.1	18.3	22.0
Shareholders' equity	5.0	4.6	4.4	3.2

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.5	1.6	1.6	1.8
D&A	1.1	1.3	1.4	1.5
Stock-based compensation	0.1	0.1	0.1	0.0
Working capital change	(0.4)	0.1	0.0	(0.2)
Operating cash flow	2.4	3.2	3.6	3.9
Capital expenditures	(1.3)	(2.4)	(3.0)	(3.3)
Investing cash flow	(4.1)	(2.4)	(3.0)	(5.4)
Buybacks	(1.2)	(0.4)	(0.8)	(0.6)
Dividends paid	(0.4)	(0.4)	(0.6)	(0.8)
Debt issuance / (repay)	4.7	1.3	1.2	3.1
Financing cash flow	1.8	(0.9)	(0.6)	1.5
Free cash flow	1.0	0.8	0.7	0.6

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	3.1%	51.1%	30.6%	49.0%	65.2%	72%
ROA	0.5%	6.9%	4.1%	6.0%	7.7%	7.9%
ROIC	13.6%	12.5%	11.4%	13.4%	13.3%	14.1%
Gross margin	12.0%	12.9%	16.2%	20.0%	26.5%	36.6%
Operating margin	10.4%	11.5%	14.0%	17.7%	20.1%	23.1%
Net margin	0.4%	5.3%	5.3%	7.6%	10.8%	13.5%
EBITDA margin	9.7%	14.8%	25.4%	24.9%	28.3%	28.6%
FCF margin	10.4%	5.0%	5.3%	4.2%	3.4%	—
VALUATION
P/E	185.52	13.22	22.36	29.57	21.51	28.0
P/B	6.57	5.93	6.75	14.91	12.93	17.3
P/S	0.76	0.75	1.18	2.35	2.31	3.77
P/FCF	7.35	15.11	22.39	56.51	67.91	85.3
EV/EBITDA	11.59	8.44	7.91	12.78	11.75	17.3
EV/Revenue	1.14	1.29	2.01	3.20	3.33	5.0
Earnings yield	0.5%	7.6%	4.5%	3.4%	4.6%	3.57%
FCF yield	13.6%	6.6%	4.5%	1.8%	1.5%	1.17%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.77	0.77	0.79	0.72	0.67	0.77
Quick ratio	0.70	0.64	0.66	0.62	0.55	0.68
Debt / equity	3.30	4.34	4.75	5.50	5.72	5.51
Debt / assets	43.6%	59.1%	62.9%	62.7%	69.6%	70.6%
Net debt / EBITDA	3.81	3.53	3.25	3.42	3.58	4.17
Interest coverage	2.13	4.75	3.82	3.52	3.92	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	1.11	1.21	0.78	0.76	0.71	0.59
Receivables turnover	15.75	15.40	10.85	10.66	11.08	8.6
DSO (days)	23	24	34	34	33	42
DPO (days)	27	29	42	51	56	72
Cash conversion cycle	0	1	2	-7	-12	-19
GROWTH (YoY)
Revenue growth	108.9%	22.2%	-26.0%	5.5%	4.0%	—
Net income growth	104.6%	1579.1%	-30.8%	57.9%	41.1%	—
EPS growth	104.6%	1916.1%	-28.4%	58.9%	45.3%	—
FCF growth	126.7%	-41.8%	-21.1%	-17.2%	-14.6%	—
PER SHARE ($)
EPS (diluted, TTM)	0.26	5.19	3.72	5.91	8.58	10.53
Book value / share	7.28	11.58	12.31	11.71	14.27	17.65
Revenue / share	62.51	91.69	70.16	74.43	79.70	78.10
FCF / share	6.50	4.55	3.71	3.09	2.72	3.45
Cash / share	0.57	0.95	0.64	0.71	0.77	0.62
SHAREHOLDER RETURN & SCORES
Buyback yield	0.1%	1.6%	2.3%	2.0%	1.6%	0.57%
Altman Z-Score	1.90	2.00	1.87	2.41	2.27	2.6
Piotroski F-Score	6	7	5	8	6	7/9
Beneish M-Score	-1.99	-2.74	-2.95	-3.09	-3.24	-2.71

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	2.6	Grey zone	Grey
Income quality	1.88	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.71	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.92
Interest burden	0.79
Operating margin	18.8%
Asset turnover	0.65×
Financial leverage	8.33×
= ROE	73%

Growth Quality (live)	Value
Revenue stability	0.59
Earnings stability	0.95
Earnings persistence	0.82
Revenue CAGR 3y	-1.2%
EPS CAGR 3y	41.5%
FCF CAGR 3y	-4.7%

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.57%

Dividend Yield1.53%

Total Shareholder Return2.17%cash yield

SBC / Revenue0.5%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
LNG	$59.8B	21.4	45%	53.5%	+22.4%	7/9	+32.8%
OKE	$58.8B	16.1	16%	8.0%	+40.8%	7/9	+41.0%
ET	$69.7B	12.6	17%	6.1%	+29.7%	8/9	+23.9%
KMI	$76.2B	21.9	11%	19.4%	+12.7%	7/9	+27.1%
EPD	$79.5B	12.8	21%	10.1%	+6.8%	7/9	—
WMB	$87.2B	28.3	24%	27.1%	+8.8%	7/9	—
ENBA	$41.8B	9.8	17%	8.4%	+20.3%	7/9	—
MPLXP	$33.4B	18.4	34%	31.9%	+10.5%	7/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

34 Analysts

Str Sell (0)Sell (0)Hold (6)Buy (27)Str Buy (1)

Mean Target (qtr)$327.0021 targets

Target vs. Price+10.9%last-quarter mean

Next Report2026-11-05street $2.73

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$19.03B	$19.69B / $18.29B	$11.30	$11.75 / $10.98	10
FY2027	$23.93B	$25.40B / $22.75B	$12.39	$14.42 / $11.10	10
FY2028	$27.28B	$29.46B / $21.96B	$14.97	$18.38 / $12.77	13

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$323.50	+9.7%	6
Last Quarter	$327.00	+10.9%	21
Last Year	$285.84	-3.1%	49
All Time	$216.09	-26.7%	88

Rolling mean of published targets vs. last close $294.90. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

B

DCF

2/5

ROE

5/5

ROA

5/5

Debt/Eq

1/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

TRGP +102.8% vs S&P 500 +15.9% — spread +86.9pp

Sector — XLE +60.0%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$284.09	+10.81	+3.81%	Above
SMA 50	$285.55	+9.35	+3.27%	Above
SMA 200	$253.33	+41.57	+16.41%	Above
EMA 9	$288.34	+6.56	+2.28%	Above
EMA 21	$286.40	+8.50	+2.97%	Above
EMA 50	$283.54	+11.36	+4.01%	Above
EMA 200	$254.35	+40.55	+15.94%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +4316 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%78

Momentum 25%82

Volume 20%50

Volatility 10%100

Patterns 15%50

This Week100% bullishof 11 price-based votes

4 Weeks Ago64%+36 pts since

12 Weeks Ago100%+0 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$284.09

Price vs SMA 50$285.55

Price vs SMA 200$253.33

EMA 9/21 Cross288.3/286.4

SMA 50/200Golden

ADX DirectionADX 11

Supertrend$266

Parabolic SAR$296

SMA Slope0.130

RSI58.0

Stochastic K/D75/80

StochRSI K/D78/85

Williams %R-7

CCI103

TSI vs Signal5.9

CMO15.9

ROC4.61%

OBV SignalDistrib

Chaikin MF-0.040

MFI64

Force Index1M

Elder Ray Bull8.72

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 80

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$283.76 / $290.39 / $298.23	S1 / S2	$275.92 / $269.29
Bollinger (20,2)	$271.67 – $296.51	Squeeze	Off
52-wk range	$143.19 – $307.94	Off 52-wk high	-4.3%
ATR (14)	$7.92 (2.7%)	Historical vol	29.0%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+3.1%Jan69%

+4.5%Feb62%

-1.0%Mar62%

+12.0%Apr60%

+2.1%May53%

+2.8%Jun60%

+1.3%Jul60%

+0.2%Aug53%

+0.9%Sep53%

+3.1%Oct67%

+3.7%Nov60%

+1.6%Dec69%

Sample: 16 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	TRGP	S&P 500
Weekly volatility (σ, 1y)	3.98%	1.83%
Best / worst week (1y)	+12.9% / -7.0%	—
Max drawdown (5y, monthly)	-81.5%	—
1-week VaR (95%)	-4.8%	—
Beta (5y)	0.72	1.00

TRGP EQUITY WEATHER (LIVE)CLOUDY · +0

Trend+38

Momentum+35

Volume-50

Volatility-60

Breadth-12

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 144 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+0.0+12.8 vs industry

Trend+38.0+48.6 vs industry

Momentum+35.3+30.9 vs industry

Volume-49.9-16.5 vs industry

Reading	TRGP	Oil & Gas Midstream n=141	Energy n=2,022	All US symbols n=70,435
Overall	+0.0	-12.8	-13.8	-20.5
Trend	+38.0	-10.7	-8.3	-21.3
Momentum	+35.3	+4.4	-8.5	-15.8
Volume	-49.9	-33.4	-25.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Matthew J. Meloy Chief Executive Officer	$21.5M	76% equity+incentive
Jennifer R. Kneale President	$8.9M	70% equity+incentive
D. Scott Pryor President - Logistics and Tra	$6.3M	69% equity+incentive
Robert M. Muraro Chief Commercial Officer	$6.3M	69% equity+incentive
Patrick J. McDonie President - Gathering and	$6.3M	69% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	53
Social	57
Governance	70
Composite ESG	60

Composite ESG Trend

Filed	8-K contents	Items
2026-08-25	Officer/Director Change	5.02
2026-08-06	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-07-17	Officer/Director Change; Exhibits	5.02,9.01
2026-07-06	Material Agreement; Exhibits	1.01,9.01
2026-05-22	Shareholder Vote	5.07
2026-05-07	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-03-02	Entry into Material Definitive Agreement; Creation of Direct Financial	1.01,2.03,9.01
2026-02-26	Regulation FD Disclosure; Other Events; Financial Statements and Exhib	7.01,8.01,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-05 to 2026-08-06
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	64 rows · 2010 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-08-21 to 2026-09-03
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2025-08-12 to 2026-05-15
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Targa Resources Corp. (TRGP)

Institutions holding — 12 quarters

Targa Resources Corp. (TRGP)

Monthly Net Insider Flow (000 shares)

Signal Summary

Targa Resources Corp. (TRGP)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding TRGP — quarterly

Institutional Put/Call — quarterly

Targa Resources Corp. (TRGP)

Where TRGP Trades in the Dark

Targa Resources Corp. (TRGP)

3.8 · Employees (SEC filings)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Balance Sheet — Full

Cash Flow Statement — Full

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Street Price Target — Trajectory

Third-Party Composite Rating

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Family Scores (site weights)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)

Targa Resources Corp. (TRGP)