Targa Resources: This Stock Has Performed Well, But It Still Has Potential Today

Power HedgeInvesting Group LeaderFollow5ShareSavePlay(29min)CommentsSummaryTarga Resources (TRGP) is positioned for continued growth, leveraging its dominant Permian Basin midstream footprint and volume-driven business model.TRGP's forward growth is underpinned by multiple new gas processing plants and the Speedway NGL Pipeline, with major impacts expected in 2027–2028.Despite a low 1.63% yield and a premium valuation, TRGP's consistent cash flow growth and project-backed expansion support a strong Hold or weak Buy rating.TRGP's fee-based contracts, minimum volume commitments, and operational resilience through commodity cycles enhance cash flow stability and downside protection.This idea was discussed in more depth with members of my private investing community, Energy Profits in Dividends. Learn More » panaya chittaratlert/E+ via Getty Images Targa Resources (TRGP) is a natural gas and natural gas liquids-focused midstream company that primarily owns and operates a network of energy infrastructure that includes natural gathering pipelines, natural gas processing facilities, natural gas liquidsThis article was written byPower Hedge16.1K FollowersFollowPower Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields. He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This article was originally published to Energy Profits in Dividends after the market closed on April 10, 2026. Subscribers to the service have had since that time to act on it.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.