Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Targa Resources's shares outstanding for the quarter that ended in Mar. 2026 was 215 Mil.
Targa Resources's quarterly shares outstanding
increased
from Dec. 2025 (215 Mil) to Mar. 2026 (215 Mil).
It means Targa Resourcesissued new shares from Dec. 2025 to Mar. 2026 .
Targa Resources's annual shares outstanding
declined
from Dec. 2024 (218 Mil) to Dec. 2025 (215 Mil).
It means Targa Resourcesbought back shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Targa Resources Shares Outstanding (EOP) Related Terms
Targa Resources Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Targa Resources's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:TRGP vs MPLX, OKE, ET: Shares Outstanding (EOP) Comparison
For the Oil & Gas Midstream subindustry, Targa Resources's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Targa Resources Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Targa Resources's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 215 Mil mean?
Targa Resources (MEX:TRGP) has a Shares Outstanding (EOP) of 215 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Targa Resources and its competitors.
Is Targa Resources' Shares Outstanding (EOP) too high?
Targa Resources' current Shares Outstanding (EOP) is 215 Mil. Overall, Targa Resources has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' Shares Outstanding (EOP) compare to MPLX and OKE?
Targa Resources' Shares Outstanding (EOP) of 215 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Targa Resources and its competitors. Targa Resources's current Shares Outstanding (EOP) is 215 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current Shares Outstanding (EOP) of 215 Mil. The stock's GF Value™ is MXN2,380.95, compared to a current price of MXN3,775.00 — trading 58.6% above its estimated fair value. The current Shares Outstanding (EOP) is 215 Mil. Targa Resources' overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current Shares Outstanding (EOP) is 215 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Targa Resources (MEX:TRGP) Overvalued in 2026?
Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued.
The current stock price of MXN3,775.00 is trading 58.6% above its estimated GF Value™ of MXN2,380.95.
Key valuation signals for MEX:TRGP:
Shares Outstanding (EOP): 215 Mil
GF Value™: MXN2,380.95 vs. price of MXN3,775.00 (58.6% above fair value)
No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
74GF Score
Get the complete analysis for MEX:TRGP
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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