Our Sum-of-Parts Discounted Cash Flow (DCF) analysis results in
segment 2027e EV/EBITDA multiples of: 11.4x for Gathering &
Processing and 13.7x for Logistics & Transportation. Our
unlevered DCF uses a Bloomberg adjusted beta of 0.96 and ERP of
4.25%.
Risks to Upside
Strong, sustained natural gas production growth around Permian
assets.
High utilization on new projects as they are completed.
Moderation in capital spending allows for FCF inflection and
return of capital acceleration.
Risks to Downside
Slowing producer activity in the Permian.
Weak natural gas/NGL prices adversely impact cash flow on the
margin.
Targa Resources Corp. (TRGP.N)
Posted by kalkgrun on 11th of May 2026 at 12:02 pm
TRGP ChartMorgan top pick target $327; IBD Big Cap Leader
Our Sum-of-Parts Discounted Cash Flow (DCF) analysis results in segment 2027e EV/EBITDA multiples of: 11.4x for Gathering & Processing and 13.7x for Logistics & Transportation. Our unlevered DCF uses a Bloomberg adjusted beta of 0.96 and ERP of 4.25%.
Risks to Upside
Risks to Downside
TRGP
Posted by kalkgrun on 15th of May 2026 at 03:07 pm
This looks solid
Yes, it does! Thanks, Kalkgrun!
Posted by bharvey96 on 15th of May 2026 at 03:42 pm
Yes, it does! Thanks, Kalkgrun!