Is Targa Resources Corp. (TRGP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 34.4% / 30% | 0.3% / 30% | 2.9% / 30% | 0.05% / 5% | ✗ NOT HALAL |
| DJIM | 34.4% / 33% | 0.3% / 33% | 2.9% / 33% | 0.05% / 5% | ✗ NOT HALAL |
| MSCI | 69.5% / 33% | 0.7% / 33% | 5.8% / 33% | 0.05% / 5% | ✗ NOT HALAL |
| S&P | 34.4% / 33% | 0.3% / 33% | 2.9% / 33% | 0.05% / 5% | ✗ NOT HALAL |
| FTSE | 69.5% / 33% | 0.7% / 33% | 5.8% / 50% | 0.05% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.3% | |
| Operating Margin | 22.6% | |
| Net Margin | 11.3% | |
| Return on Equity (ROE) | 51.4% | |
| Return on Assets (ROA) | 8.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3.9B |
| Free Cash Flow | $584M |
| Total Debt | $17.5B |
| Debt-to-Equity | 548.6 |
| Current Ratio | 0.7 |
| Total Assets | $25.2B |
Price & Trading
| Last Close | $250.50 |
| 50-Day MA | $222.31 |
| 200-Day MA | $181.96 |
| Avg Volume | 1.4M |
| Beta | 0.9 |
|
52-Week Range
$144.14
| |
About Targa Resources Corp. (TRGP)
Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Targa Resources Corp. (TRGP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Targa Resources Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Targa Resources Corp.'s debt ratio?
Targa Resources Corp.'s debt ratio is 34.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 69.5%.
What are Targa Resources Corp.'s key financial metrics?
Targa Resources Corp. has a market capitalization of $53.8B, trailing P/E ratio of 29.5, and revenue of $17.0B. The company maintains a gross margin of 38.3% and a net margin of 11.3%. Return on equity stands at 51.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.