Targa Resources (TRGP) vs TC Energy (TRP)
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 TC Energy (TRP) over the past year, gaining 70.6% versus a gain of 7.8%. Over five years, TRGP leads with a +409.7% price change compared with +9.8% for TRP. TC Energy is the larger company by market cap ($62.65 billion vs $62.06 billion), about 1.0 times the size.
On valuation, TC Energy trades at a lower forward P/E (21.8x vs 24.0x for Targa Resources). TC Energy offers the higher dividend yield (5.74% vs 1.55%).
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 | TRGP | TRP |
|---|---|---|
| Share price | $289.40 | $60.14 |
| Market cap | $62.06B | $62.65B |
| 1-day change | +1.91% | +2.04% |
| YTD return | +53.91% | +7.14% |
| 1-year return | +70.61% | +7.85% |
| 5-year return | +409.71% | +9.80% |
| P/E ratio (TTM) | 27.67 | 23.68 |
| Forward P/E | 24.03 | 21.81 |
| EPS (TTM) | $10.46 | $2.54 |
| Dividend yield | 1.55% | 5.74% |
| Annual dividend | $4.50 | $3.46 |
| Revenue (latest FY) | $17.03B | — |
| Revenue growth (YoY) | +3.95% | — |
| Net income (latest FY) | $1.92B | — |
| Gross margin | 38.29% | — |
| Operating margin | 19.56% | — |
| Net margin | 11.29% | — |
| 52-week high | $307.94 | $71.47 |
| 52-week low | $144.14 | $49.27 |
| Distance from 52-week high | -6.02% | -15.85% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +12.47% | +10.79% |
| Average volume | 1.19M | 2.70M |
| Shares outstanding | 214.43M | 1.04B |
| Employees | 3,570 | 6,574 |
| 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 TRP by 62.8 percentage points over the past year.
- TC Energy offers a meaningfully higher dividend yield (5.74% vs 1.55%).
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
About TC Energy
TRP stock →TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S.
Utilities · Natural Gas Distribution · 6,574 employees
TRGP vs TRP FAQ
Which is bigger, Targa Resources or TC Energy?
TC Energy (TRP) is larger, with a market capitalization of $62.65B compared with $62.06B for Targa Resources (TRGP).
Which stock has performed better over the past year, TRGP or TRP?
TRGP returned +70.61% over the past 12 months, compared with +7.85% for TRP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, TRGP or TRP?
TRP has the lower trailing P/E at 23.7, versus 27.7 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, Targa Resources or TC Energy?
TC Energy has the higher yield at 5.74%, compared with 1.55% for Targa Resources.
Are Targa Resources and TC Energy in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.