Targa Resources (TRGP) vs Viper Energy (VNOM)
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 Viper Energy (VNOM) over the past year, gaining 70.6% versus a gain of 7.2%. Over five years, TRGP leads with a +409.7% price change compared with +71.1% for VNOM. Targa Resources is the larger company by market cap ($60.89 billion vs $14.75 billion), about 4.1 times the size, while Viper Energy is growing revenue faster (+62.0% vs +3.9%).
On valuation, Viper Energy trades at a lower forward P/E (16.3x vs 23.6x for Targa Resources). Viper Energy offers the higher dividend yield (5.97% vs 1.58%). Targa Resources converts more of its revenue into profit, with a net margin of 11.3% versus -4.9%.
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 | VNOM |
|---|---|---|
| Share price | $283.96 | $41.07 |
| Market cap | $60.89B | $14.75B |
| 1-day change | -0.62% | -1.25% |
| YTD return | +53.91% | +6.32% |
| 1-year return | +70.61% | +7.20% |
| 5-year return | +409.71% | +71.13% |
| P/E ratio (TTM) | 27.15 | — |
| Forward P/E | 23.58 | 16.30 |
| EPS (TTM) | $10.46 | $0.02 |
| Dividend yield | 1.58% | 5.97% |
| Annual dividend | $4.50 | $2.45 |
| Revenue (latest FY) | $17.03B | $1.40B |
| Revenue growth (YoY) | +3.95% | +62.02% |
| Net income (latest FY) | $1.92B | $-68.00M |
| Gross margin | 38.29% | — |
| Operating margin | 19.56% | -10.04% |
| Net margin | 11.29% | -4.87% |
| 52-week high | $307.94 | $51.13 |
| 52-week low | $144.14 | $35.10 |
| Distance from 52-week high | -7.79% | -19.68% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +14.62% | +33.80% |
| Average volume | 1.19M | 1.69M |
| Shares outstanding | 214.43M | 194.41M |
| Employees | 3,570 | — |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | Oil & Gas Production |
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
- Targa Resources is about 4.1 times larger than Viper Energy by market value ($60.89B vs $14.75B).
- TRGP has outperformed VNOM by 63.4 percentage points over the past year.
- Viper Energy offers a meaningfully higher dividend yield (5.97% vs 1.58%).
- Targa Resources is more profitable, keeping 11.3 cents of every revenue dollar as net income versus -4.9 cents for Viper Energy.
- Viper Energy grew revenue faster in its latest fiscal year (+62.02% vs +3.95%).
- The two companies sit in different sectors: Targa Resources in Utilities and Viper Energy in Energy.
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 Viper Energy
VNOM stock →Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America.
Energy · Oil & Gas Production
TRGP vs VNOM FAQ
Which is bigger, Targa Resources or Viper Energy?
Targa Resources (TRGP) is larger, with a market capitalization of $60.89B compared with $14.75B for Viper Energy (VNOM).
Which stock has performed better over the past year, TRGP or VNOM?
TRGP returned +70.61% over the past 12 months, compared with +7.20% for VNOM (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Targa Resources or Viper Energy?
Viper Energy has the higher yield at 5.97%, compared with 1.58% for Targa Resources.
Are Targa Resources and Viper Energy in the same industry?
No. Targa Resources is in the Utilities sector, while Viper Energy is in Energy.