TRGP · TARGA RESOURCES CORP

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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. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.

Close · 3M

+21.96%

Held by 3 AI ETFs

AMOM1.610%

as of Sep 2

AIEQ0.520%

as of Sep 4

PQUS0.230%

as of Sep 1

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals16

Win rate75% (12/16)

Avg buy return+3.91%

AMOMnow 1.610% of fund13 signals

AMOM · Accumulation · 5d

weight 1.860% → 1.880% (+0.020 pp)·stock up 11.9% in the 30 days before

Sep 1·entry $296.06·now $293.54Fresh

-0.85%

since Sep 1

AMOM · Weight increase · 2d

weight 1.780% → 1.840% (+0.060 pp)·stock up 8.6% in the 30 days before

Aug 31·entry $293.65·now $293.54Fresh

-0.04%

since Aug 31

AMOM · Weight decrease · 3d

weight 1.670% → 1.610% (-0.060 pp)·stock down 4.1% in the 30 days before

Aug 13·entry $266.88·now $293.54

+9.99%

since Aug 13

AMOM · Weight decrease · 2d

weight 1.670% → 1.630% (-0.040 pp)·stock down 4.6% in the 30 days before

Aug 12·entry $268.67·now $293.54

+9.26%

since Aug 12

AMOM · Weight decrease · 3d

weight 2.150% → 1.610% (-0.540 pp)·stock down 5.9% in the 30 days before

Aug 7·entry $256.87·now $293.54

+14.28%

since Aug 7

AMOM · Weight decrease · 2d

weight 2.150% → 1.690% (-0.460 pp)·stock down 3.5% in the 30 days before

Aug 6·entry $268.23·now $293.54

+9.44%

since Aug 6

AMOM · Accumulation · 5d

weight 2.120% → 2.190% (+0.070 pp)·stock up 5.6% in the 30 days before

Jul 24·entry $281.33·now $293.54Drifting

+4.34%

since Jul 24

AMOM · Accumulation · 5d

weight 2.080% → 2.170% (+0.090 pp)·stock up 6.3% in the 30 days before

Jul 23·entry $285.58·now $293.54Drifting

+2.79%

since Jul 23

AMOM · Weight increase · 3d

stock up 8.9% in the 30 days before

Jul 17·entry $282.91·now $293.54Drifting

+3.76%

since Jul 17

AMOM · Weight increase · 2d

stock up 6.8% in the 30 days before

Jul 16·entry $280.27·now $293.54Drifting

+4.73%

since Jul 16

AMOM · Weight decrease · 2d

stock up 5.1% in the 30 days before

Jun 30·entry $268.14·now $293.54

+9.47%

since Jun 30

AMOM · Weight decrease · 2d

stock up 1.3% in the 30 days before

Jun 25·entry $273.45·now $293.54

+7.35%

since Jun 25

AMOM · Weight decrease · 3d

stock down 1.9% in the 30 days before

Jun 15·entry $262.33·now $293.54

+11.90%

since Jun 15

AIEQnow 0.520% of fund10 signals

AIEQ · Sudden change · 1d

weight 1.210% → 0.520% (-0.690 pp)·stock up 11.9% in the 30 days before

Sep 1·entry $296.06·now $293.54

-0.85%

since Sep 1

AIEQ · Weight decrease · 2d

weight 1.250% → 1.210% (-0.040 pp)·stock up 12.4% in the 30 days before

Aug 26·entry $294.03·now $293.54

-0.17%

since Aug 26

AIEQ · Weight increase · 2d

weight 1.140% → 1.250% (+0.110 pp)·stock up 6.0% in the 30 days before

Aug 19·entry $297.09·now $293.54Fresh

-1.19%

since Aug 19

AIEQ · Weight increase · 2d

weight 1.110% → 1.140% (+0.030 pp)·stock down 1.6% in the 30 days before

Aug 15·entry $277.94·now $293.54Drifting

+5.61%

since Aug 15

AIEQ · Sudden change · 1d

weight 3.250% → 1.140% (-2.110 pp)·stock up 4.9% in the 30 days before

Aug 2·entry $264.60·now $293.54

+10.94%

since Aug 2

AIEQ · Weight increase · 2d

weight 3.370% → 3.490% (+0.120 pp)·stock up 5.6% in the 30 days before

Jul 24·entry $281.33·now $293.54Drifting

+4.34%

since Jul 24

AIEQ · Weight increase · 2d

weight 3.320% → 3.410% (+0.090 pp)·stock up 8.9% in the 30 days before

Jul 19·entry $282.35·now $293.54Drifting

+3.96%

since Jul 19

AIEQ · Weight increase · 3d

stock up 3.4% in the 30 days before

Jul 9·entry $273.02·now $293.54Drifting

+7.52%

since Jul 9

AIEQ · Weight increase · 2d

stock up 5.2% in the 30 days before

Jul 8·entry $277.86·now $293.54Drifting

+5.64%

since Jul 8

AIEQ · New entry · 1d

stock down 0.5% in the 30 days before

Jul 1·entry $257.81·now $293.54Chased

+13.86%

since Jul 1

PQUSnow 0.230% of fund3 signals

PQUS · Weight decrease · 3d

weight 0.280% → 0.230% (-0.050 pp)·stock up 7.3% in the 30 days before

Aug 28·entry $287.82·now $293.54

+1.99%

since Aug 28

PQUS · Weight decrease · 2d

weight 0.280% → 0.260% (-0.020 pp)·stock up 9.2% in the 30 days before

Aug 27·entry $288.95·now $293.54

+1.59%

since Aug 27

PQUS · Weight increase · 2d

weight 0.250% → 0.280% (+0.030 pp)·stock up 6.3% in the 30 days before

Aug 20·entry $302.25·now $293.54Fresh

-2.88%

since Aug 20

LQAIno longer held3 signals

LQAI · Exit · 1d

weight 0.400% → 0 (exited)·stock down 3.5% in the 30 days before

Aug 6·entry $268.23·now $293.54

+9.44%

since Aug 6

LQAI · Weight increase · 2d

stock up 8.9% in the 30 days before

Jul 17·entry $282.91·now $293.54Drifting

+3.76%

since Jul 17

LQAI · New entry · 1d

stock up 2.4% in the 30 days before

Jul 7·entry $273.81·now $293.54Drifting

+7.21%

since Jul 7

Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.

Buffett-style framework

Fails the frameworkas of Aug 16

AI ETFs show mixed signals on TRGP; while some maintain positions, others like AMOM and LQAI have significantly reduced or exited their holdings, which aligns with the framework's cautionary "Fail" verdict based on financial health. This divergence suggests some AI models may be focusing on different metrics or shorter-term trends, contrasting with a long-term value perspective.

Circle of CompetenceThe midstream oil and gas segment, characterized by fee-based contracts for essential infrastructure, provides sufficiently predictable unit economics for long-term cash flow projections.
Economic MoatThe high capital intensity, regulatory barriers, and essential nature of midstream assets create significant barriers to entry and switching costs, forming a durable economic moat.
ManagementThe provided financial data and activity trends do not offer sufficient information to assess management's candor, capital allocation discipline, or skin in the game.
Financial HealthThe exceptionally high EV/EBITDA ratio of 117.85 strongly suggests potentially unmanageable debt or highly unstable earnings, indicating significant financial fragility despite a high current ROE.
Margin of SafetyThe current valuation multiples (PER 25.24, PBR 12.91) appear rich, and the identified financial concerns prevent a conservative estimate of intrinsic value at a defensible discount.

While Targa Resources operates within a reasonably predictable industry with a strong economic moat, its financial health raises significant concerns due to an extremely high EV/EBITDA ratio. This financial fragility, coupled with a lack of clear margin of safety at current valuation multiples, leads to a failure in the value-investing framework. The company's underlying business quality is overshadowed by questions regarding its financial structure and valuation.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.