Enterprise Products Partners L.P. (EPD) vs Targa Resources (TRGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Targa Resources (TRGP) has outperformed Enterprise Products Partners L.P. (EPD) over the past year, gaining 70.6% versus a gain of 16.4%. Over five years, TRGP leads with a +409.7% price change compared with +52.2% for EPD. Enterprise Products Partners L.P. is the larger company by market cap ($79.36 billion vs $61.86 billion), about 1.3 times the size, while Targa Resources is growing revenue faster (+3.9% vs -6.4%).
On valuation, Enterprise Products Partners L.P. trades at a lower forward P/E (11.6x vs 24.0x for Targa Resources). Enterprise Products Partners L.P. offers the higher dividend yield (6.00% vs 1.56%). Targa Resources converts more of its revenue into profit, with a net margin of 11.3% versus 11.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EPD | TRGP |
|---|---|---|
| Share price | $36.75 | $288.49 |
| Market cap | $79.36B | $61.86B |
| 1-day change | -0.43% | +1.60% |
| YTD return | +15.13% | +53.91% |
| 1-year return | +16.40% | +70.61% |
| 5-year return | +52.21% | +409.71% |
| P/E ratio (TTM) | 12.76 | 27.58 |
| Forward P/E | 11.55 | 23.96 |
| EPS (TTM) | $2.88 | $10.46 |
| Dividend yield | 6.00% | 1.56% |
| Annual dividend | $2.21 | $4.50 |
| Revenue (latest FY) | $52.60B | $17.03B |
| Revenue growth (YoY) | -6.44% | +3.95% |
| Net income (latest FY) | $5.81B | $1.92B |
| Gross margin | 26.68% | 38.29% |
| Operating margin | 13.81% | 19.56% |
| Net margin | 11.05% | 11.29% |
| 52-week high | $40.17 | $307.94 |
| 52-week low | $30.01 | $144.14 |
| Distance from 52-week high | -8.51% | -6.32% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +12.60% | +12.82% |
| Average volume | 3.03M | 1.19M |
| Shares outstanding | 2.16B | 214.43M |
| Employees | — | 3,570 |
| Sector | Utilities | Utilities |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TRGP has outperformed EPD by 54.2 percentage points over the past year.
- Targa Resources trades at a higher earnings multiple (27.6x vs 12.8x trailing P/E).
- Enterprise Products Partners L.P. offers a meaningfully higher dividend yield (6.00% vs 1.56%).
- Targa Resources grew revenue faster in its latest fiscal year (+3.95% vs -6.44%).
About Enterprise Products Partners L.P.
EPD stock →Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.
Utilities · Natural Gas Distribution
About Targa Resources
TRGP stock →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.
Utilities · Natural Gas Distribution · 3,570 employees
EPD vs TRGP FAQ
Which is bigger, Enterprise Products Partners L.P. or Targa Resources?
Enterprise Products Partners L.P. (EPD) is larger, with a market capitalization of $79.36B compared with $61.86B for Targa Resources (TRGP).
Which stock has performed better over the past year, EPD or TRGP?
TRGP returned +70.61% over the past 12 months, compared with +16.40% for EPD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EPD or TRGP?
EPD has the lower trailing P/E at 12.8, versus 27.6 for TRGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Enterprise Products Partners L.P. or Targa Resources?
Enterprise Products Partners L.P. has the higher yield at 6.00%, compared with 1.56% for Targa Resources.
Are Enterprise Products Partners L.P. and Targa Resources in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.