# TRGP · Targa Resources Corp. Snapshot 2026-10-26 · CIK 0001389170 · NYSE · Natural Gas Transmission Price 302.37 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 64.84 B Machine-readable: https://theclaudetrader.com/s/TRGP.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 26.8 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2015–2025 · price 2026-10-23 · verification {'verified': 12, 'mismatch': 0, 'unverified': 20, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 17.03 revenue $B · threshold >= 1 · points 5.0/5 - 2 Debt <= 2x equity (utility rule): 5.2 · threshold <= 2.0 · points 0.0/30 - 3 Positive earnings each of 10 years: 7 of 10 · threshold 10 of 10 · points 10.5/15 - 4 Dividends every year for 20 years: 15 of 20 · threshold 20 of 20 · points 11.25/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: None · threshold >= +33% · points None/10 - 6 P/E on 3-year average EPS: 50.7 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 17.73, product 899.1 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 302.37 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 17028300000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - current_assets: 2629100000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - current_liabilities: 3411100000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - lt_debt: 19020000000.0 · 2026-06-30 · SEC XBRL LongTermDebtAndCapitalLeaseObligations · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - equity: 3656500000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - Net income FY2016: -187300000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ · unverified - Net income FY2017: 54000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ · unverified - Net income FY2018: 1600000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ · unverified - Net income FY2019: -209200000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ · unverified - Net income FY2020: -1553900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - Net income FY2021: 71200000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Net income FY2022: 1195500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Net income FY2023: 1345900000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2024: 1312000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2025: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Dividend years (Yahoo): [2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/TRGP/history?filter=div · verified (partly: XBRL covers 11 of 20 years) - Dividends per share FY2015 (XBRL): 3.39 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000156459018002330/ · verified - Dividends per share FY2016 (XBRL): 3.64 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ · verified - Dividends per share FY2017 (XBRL): 3.64 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ · verified - Dividends per share FY2018 (XBRL): 3.64 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ · verified - Dividends per share FY2019 (XBRL): 3.64 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ · verified - Dividends per share FY2020 (XBRL): 1.21 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · verified - Dividends per share FY2021 (XBRL): 0.4 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · verified - Dividends per share FY2022 (XBRL): 1.4 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · verified - Dividends per share FY2023 (XBRL): 1.85 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · verified - Dividends per share FY2024 (XBRL): 2.75 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · verified - Dividends per share FY2025 (XBRL): 3.75 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · verified - EPS diluted FY2015: 1.09 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000156459018002330/ · unverified - EPS diluted FY2016: -1.8 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ · unverified - EPS diluted FY2023: 3.66 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - EPS diluted FY2024: 5.74 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - EPS diluted FY2025: 8.49 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Shares outstanding: 214431021.0 · 2026-07-31 · SEC cover page 10-Q 0001193125-26-337729 (214,431,021 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/trgp-20260630.htm · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/R1.htm ### Magic Formula: — (not scored) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 85.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 84.4 % · threshold · points 47.4/50 - 6 month return: 27.3 % · threshold · points 17.2/20 - Price / 52-week high: 1.0 · threshold · points 15.0/15 - Volatility penalty (60d annualised): 31.7 % · threshold · points 5.6/15 Inputs: - Adjusted close series (14 months): 302.37 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.33 bp · threshold · points -5.0/0 Inputs: - Form 4 S Chung Paul W 2026-09-01: 295380.0 · 2026-09-01 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526381957/ - Form 4 S Chung Paul W 2026-09-01: 242352.0 · 2026-09-01 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526381957/ - Form 4 S CRISP CHARLES R 2026-08-25: 870690.0 · 2026-08-25 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526368712/ - Form 4 S Davis Waters S IV 2026-08-21: 179247.9 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - Form 4 S Davis Waters S IV 2026-08-21: 81666.90000000001 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - Form 4 S Davis Waters S IV 2026-08-21: 46227.72 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - Form 4 S Davis Waters S IV 2026-08-21: 75864.72 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - Form 4 S Davis Waters S IV 2026-08-21: 205786.96 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - Form 4 S Davis Waters S IV 2026-08-21: 130411.59999999999 · 2026-08-21 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ ### Buffett Quality: 46.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 47, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 18.5% over 8 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 7 of 10 · threshold all years · points 10.5/15 - 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive · threshold >= +10% · points 0.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 12.8 years · threshold <= 4 · points 0.0/15 - 5 Operating margin, 5-yr average: 13.1% · threshold >= 20% · points 4.3/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.84 · threshold >= 1.0 · points 6.9/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.1% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 302.37 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 1600000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ · unverified - Equity at FY2018 end: 6079400000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ · unverified - Net income FY2019: -209200000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ · unverified - Equity at FY2019 end: 4920800000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ · unverified - Net income FY2020: -1553900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - Equity at FY2020 end: 2653900000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ · unverified - Net income FY2021: 71200000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Equity at FY2021 end: 2011800000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - Net income FY2022: 1195500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Equity at FY2022 end: 2665700000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Net income FY2023: 1345900000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Equity at FY2023 end: 2739700000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Net income FY2024: 1312000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Equity at FY2024 end: 2592400000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2025: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Equity at FY2025 end: 3067900000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - Net income FY2016: -187300000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ · unverified - Net income FY2017: 54000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ · unverified - Net income FY2018: 1600000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ · unverified - Net income FY2019: -209200000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ · unverified - Net income FY2020: -1553900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - Net income FY2021: 71200000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Net income FY2022: 1195500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Net income FY2023: 1345900000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2024: 1312000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2025: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - debt_incl_current: 19578000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - Operating income FY2021: 864800000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Revenue FY2021: 16949800000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Operating income FY2022: 1729000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Revenue FY2022: 20929800000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Operating income FY2023: 2626200000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Revenue FY2023: 16060300000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Operating income FY2024: 2695400000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Revenue FY2024: 16381500000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Operating income FY2025: 3331200000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Revenue FY2025: 17028300000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Operating cash flow FY2021: 2302900000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Capital expenditure FY2021: 505100000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified ### Lynch GARP: 14.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: None · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: 35.6 · threshold <= 25 · points 2.9/10 - 4 Borrowings / equity: 5.35 · threshold <= 0.5 · points 0.0/15 - 5 Years of the last 5 in which EPS rose: 4 of 5 · threshold 5 of 5 · points 12.0/15 - 6 Net cash (cash minus borrowings) / market cap: -30.0% · threshold >= +10% · points 0.0/10 Inputs: - Price (close, per traded unit): 302.37 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 8.49 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - EPS diluted FY2020: -7.26 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - debt_incl_current: 19578000000.0 · 2026-06-30 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - equity: 3656500000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - cash: 132300000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified ### Graham Enterprising: 35.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 0.77 · threshold >= 1.5 · points 0.0/15 - 2 Borrowings vs working capital: None · threshold <= 1.1x · points 0.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: yes · threshold yes · points 10.0/10 - 5 EPS higher than five years earlier: -7.26 -> 8.49 · threshold higher · points 10.0/10 - 6 Price / book value per share: 17.73 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): None · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 302.37 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 2629100000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - current_liabilities: 3411100000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - Net income FY2021: 71200000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ · unverified - Net income FY2022: 1195500000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ · unverified - Net income FY2023: 1345900000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2024: 1312000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Net income FY2025: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/TRGP/history?filter=div - EPS diluted FY2025: 8.49 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - EPS diluted FY2020: -7.26 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ · unverified - equity: 3656500000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - Shares outstanding: 214431021.0 · 2026-07-31 · SEC cover page 10-Q 0001193125-26-337729 (214,431,021 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/trgp-20260630.htm · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/R1.htm ### Piotroski F-Score: 66.7 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 7.6% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 3,917M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 5.8% -> 7.6% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 3,917M vs 1,923M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 60.6% -> 66.1% · threshold pass = 1 · points 0.0/11.11111111111111 - 6 Current ratio improved: 0.72 -> 0.67 · threshold pass = 1 · points 0.0/11.11111111111111 - 7 No new shares issued (share count did not rise): 215M -> 214M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 16.5% -> 19.6% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.72 -> 0.68 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - total_assets 2025-12-31: 25218400000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - cfo 2025-12-31: 3917400000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - net_income 2025-12-31: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - net_income 2024-12-31: 1312000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - total_assets 2025-12-31: 25218400000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - total_assets 2024-12-31: 22734100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - cfo 2025-12-31: 3917400000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - net_income 2025-12-31: 1923000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - lt_debt 2025-12-31: 16662400000.0 · 2025-12-31 · SEC XBRL LongTermDebtAndCapitalLeaseObligations · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - lt_debt 2024-12-31: 13786900000.0 · 2024-12-31 · SEC XBRL LongTermDebtAndCapitalLeaseObligations · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - total_assets 2025-12-31: 25218400000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - total_assets 2024-12-31: 22734100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - current_assets 2025-12-31: 2362700000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - current_assets 2024-12-31: 2296300000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - current_liabilities 2025-12-31: 3546800000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - current_liabilities 2024-12-31: 3172600000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - shares_out 2026-07-31: 214431021.0 · 2026-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - shares_out 2025-07-31: 215191852.0 · 2025-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1389170/000119312525175239/ · unverified - operating_income 2025-12-31: 3331200000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - operating_income 2024-12-31: 2695400000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - revenue 2025-12-31: 17028300000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - revenue 2024-12-31: 16381500000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - revenue 2025-12-31: 17028300000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - revenue 2024-12-31: 16381500000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified - total_assets 2025-12-31: 25218400000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/ · unverified - total_assets 2024-12-31: 22734100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 302.37 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 214,431,021 underlying shares, period 2026-07-31, SEC cover page 10-Q 0001193125-26-337729 (214,431,021 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/trgp-20260630.htm, accession 0001193125-26-337729 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526337729/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 64,837,507,820 USD; 302.37 (price 2026-10-23) / 1 x 214,431,021 (shares at 2026-07-31) = 64,837,507,820 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2016 (ended 2016-12-31): 5586700000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ - FY2017 (ended 2017-12-31): 8814900000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ - FY2018 (ended 2018-12-31): 10484000000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ - FY2019 (ended 2019-12-31): 8671100000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ - FY2020 (ended 2020-12-31): 8260300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ - FY2021 (ended 2021-12-31): 16949800000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ - FY2022 (ended 2022-12-31): 20929800000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ - FY2023 (ended 2023-12-31): 16060300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ - FY2024 (ended 2024-12-31): 16381500000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ - FY2025 (ended 2025-12-31): 17028300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 65100000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000114036116066758/ - FY2014 (ended 2014-12-31): 102300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459017001810/ - FY2015 (ended 2015-12-31): 58300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459018002330/ - FY2016 (ended 2016-12-31): -187300000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459019005727/ - FY2017 (ended 2017-12-31): 54000000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459020005592/ - FY2018 (ended 2018-12-31): 1600000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459021006640/ - FY2019 (ended 2019-12-31): -209200000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000156459022006563/ - FY2020 (ended 2020-12-31): -1553900000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017023003797/ - FY2021 (ended 2021-12-31): 71200000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017024015841/ - FY2022 (ended 2022-12-31): 1195500000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000095017025023983/ - FY2023 (ended 2023-12-31): 1345900000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ - FY2024 (ended 2024-12-31): 1312000000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ - FY2025 (ended 2025-12-31): 1923000000.0 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526059296/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 1.55 [filed 1.55, split factor 1.0] - FY2014 (ended 2014-12-31): 2.43 [filed 2.43, split factor 1.0] - FY2015 (ended 2015-12-31): 1.09 [filed 1.09, split factor 1.0] - FY2016 (ended 2016-12-31): -1.8 [filed -1.8, split factor 1.0] - FY2017 (ended 2017-12-31): -0.31 [filed -0.31, split factor 1.0] - FY2018 (ended 2018-12-31): -0.53 [filed -0.53, split factor 1.0] - FY2019 (ended 2019-12-31): -1.44 [filed -1.44, split factor 1.0] - FY2020 (ended 2020-12-31): -7.26 [filed -7.26, split factor 1.0] - FY2021 (ended 2021-12-31): -0.07 [filed -0.07, split factor 1.0] - FY2022 (ended 2022-12-31): 3.88 [filed 3.88, split factor 1.0] - FY2023 (ended 2023-12-31): 3.66 [filed 3.66, split factor 1.0] - FY2024 (ended 2024-12-31): 5.74 [filed 5.74, split factor 1.0] - FY2025 (ended 2025-12-31): 8.49 [filed 8.49, split factor 1.0] ## Dividend years (Yahoo history) 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-09-01 S Chung Paul W (director) 1000 @ 295.38 = 295380 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526381957/ - 2026-09-01 S Chung Paul W (director) 816 @ 297.00 = 242352 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526381957/ - 2026-08-25 S CRISP CHARLES R (director) 3000 @ 290.23 = 870690 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526368712/ - 2026-08-21 S Davis Waters S IV (director) 590 @ 303.81 = 179248 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-08-21 S Davis Waters S IV (director) 270 @ 302.47 = 81667 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-08-21 S Davis Waters S IV (director) 154 @ 300.18 = 46228 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-08-21 S Davis Waters S IV (director) 254 @ 298.68 = 75865 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-08-21 S Davis Waters S IV (director) 692 @ 297.38 = 205787 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-08-21 S Davis Waters S IV (director) 440 @ 296.39 = 130412 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526365206/ - 2026-05-12 S CRISP CHARLES R (director) 10602 @ 255.96 = 2713688 · https://www.sec.gov/Archives/edgar/data/1389170/000119312526221750/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001389170 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001389170.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001389170&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001389170&type=8-K - yahoo: https://finance.yahoo.com/quote/TRGP - stooq: https://stooq.com/q/d/?s=trgp.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=TRGP - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=TRGP - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/trgp/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/TRGP - openinsider (link only, nothing stored): http://openinsider.com/search?q=TRGP - google_news (link only, nothing stored): https://news.google.com/rss/search?q=TRGP+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/TRGP; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.