Targa Resources Corp. (TRGP) Financial Ratio Screen

NYSE Energy United States USD 61128M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Targa Resources Corp. (TRGP) is potentially non-compliant in the automated ratio model. The company's debt ratio of 69.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Targa Resources Corp. operates in the Energy sector.

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MSCI new-inclusion financial-ratio snapshot

TRGP financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
69.5%
Fail vs 30%
Cash ratio
0.7%
Pass vs 30%
Receivables + cash
6.5%
Pass vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-15. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Oil & Gas Midstream) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 69.5%
/ 30%
0.7%
/ 30%
6.5%
/ 30%
N/A RATIOS FAIL*
FTSE 69.5%
/ 33%
0.7%
/ 33%
6.5%
/ 50%
N/A RATIOS FAIL*

Financial Highlights

P/E Ratio
27.3
Forward: 23.6
EPS
currency unverified 10.45
Dividend Yield
176.0%
Payout: 40.6%
P/B Ratio
19.5
EV/EBITDA
14.7
EV: 80.7B (currency unverified)
Revenue
17.0B (currency unverified)
Growth: 4.2%
Beta
0.7
Low volatility
Current Ratio
0.8

Profitability

Gross Margin 43.2%
Operating Margin 27.8%
Net Margin 13.5%
Return on Equity (ROE) 70.8%
Return on Assets (ROA) 9.2%

Cash Flow & Balance Sheet

Operating Cash Flow3.9B (currency unverified)
Free Cash Flow584M (currency unverified)
Total Debt17.5B (currency unverified)
Debt-to-Equity515.8
Current Ratio0.8
Total Assets25.2B (currency unverified)

Price & Trading

Last Close$284.77
50-Day MA$280.95
200-Day MA$242.12
Avg Volume1.2M
Beta0.7
52-Week Range
$144.14
$307.94

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-09-18 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Targa Resources Corp. (TRGP)

CEO
Mr. Matthew J. Meloy
Employees
3,570
Sector
Energy
Industry
Oil & Gas Midstream
Country
United States
Exchange
NYSE
Market Cap (listing currency)
USD 61128M
Currency
USD

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.

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Frequently Asked Questions

Is Targa Resources Corp. (TRGP) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Targa Resources Corp.'s debt ratio?

Targa Resources Corp.'s debt ratio is 69.5% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Targa Resources Corp.'s key financial metrics?

Targa Resources Corp. has a market capitalization of USD 61128M in its listing currency, trailing P/E ratio of 27.3, and revenue of 17.0B (currency unverified). The company maintains a gross margin of 43.2% and a net margin of 13.5%. Return on equity stands at 70.8%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.