S&P 500 comparison · Energy

Kinder Morgan vs Targa Resources

Prices at close . Model readings .

Kinder Morgan

$33.56−0.86%
Month: negativeLong run: neutral

Targa Resources

$305.90+1.09%
Month: negativeLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Kinder Morgan is the larger company by market value ($74.76B against $65.83B). Over the past year Kinder Morgan returned +33.5% and Targa Resources +102.9%, while the S&P 500 returned +12.7%. The latest filed P/E is 21.0 for Kinder Morgan and 28.0 for Targa Resources, and the operating margin 25.6% against 27.8%. Over the next 21 sessions the model expects −0.74% for Kinder Morgan, with a 19% chance of a rise, and −0.59% for Targa Resources, with a 19% chance. Kinder Morgan's long-run fair value is $33.67, a gap of +0.3% to its price; the long-run model view is neutral. Targa Resources' long-run fair value is $304.17, a gap of −0.6% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
KMI−0.74%
TRGP−0.59%
Chance of a risenext 21 sessions
KMI19%
TRGP19%
Expected returnnext 63 sessions
KMI−0.8%
TRGP−0.48%
Range of outcomes63 sessions, 80% band
KMI−23.6% to +22%
TRGP−25% to +24.1%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
KMI$33.6728 Oct 2026
TRGP$304.1728 Oct 2026
Gap to pricefair value against the close
KMI+0.3%
TRGP−0.6%
Past readings that matchedsign of the 21-session outcome
KMI47.6%of 269
TRGP50.2%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
KMI+10.2%
TRGP+11.9%
6 monthsS&P 500: +8.5%
KMI+7.4%
TRGP+23.5%
Year to dateS&P 500: +13.3%
KMI+25.6%
TRGP+68.2%
1 yearS&P 500: +12.7%
KMI+33.5%
TRGP+102.9%
5 yearsS&P 500: +70.7%
KMI+135.8%
TRGP+498.8%
1 year against the S&P 500percentage points
KMI+20.8 pts
TRGP+90.2 pts
Position in the 52-week range0% low, 100% high
KMI88%close $33.56 in $24.74 to $34.75
TRGP98%close $305.90 in $146.84 to $308.46
Against the 200-day average
KMI+5.9%
TRGP+19%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (KMI), (TRGP)
Market value
KMI$74.76B28 Oct 2026
TRGP$65.83B28 Oct 2026
Enterprise valueat the last filing
KMI$99.32B30 Sep 2026
TRGP$77.15B30 Jun 2026
P/Elatest filed
KMI21.0
TRGP28.0
Price to book
KMI2.05
TRGP15.20
EV / EBITDA
KMI13.62
TRGP15.05
Free cash flow yield
KMI4.59%
TRGP1.28%
Dividend yield
KMI3.93%
TRGP1.5%
Questions

Kinder Morgan or Targa Resources: common questions

Which is larger by market value, Kinder Morgan or Targa Resources?

Kinder Morgan, at $74.76B against $65.83B for Targa Resources, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Kinder Morgan or Targa Resources?

Targa Resources has the higher latest filed P/E, 28.0; Kinder Morgan's is 21.0. Filings: quarter to 30 Sep 2026 and 30 Jun 2026.

How did Kinder Morgan and Targa Resources move over the past year against the S&P 500?

Over the past year Kinder Morgan returned +33.5% and Targa Resources +102.9%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Kinder Morgan and Targa Resources over the next month?

−0.74% for Kinder Morgan with a 19% chance of a rise, and −0.59% for Targa Resources with a 19% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Kinder Morgan and Targa Resources compare?

The operating margin is 25.6% for Kinder Morgan and 27.8% for Targa Resources, and the gross margin 25.6% against 48.2%. Filings: quarter to 30 Sep 2026 and 30 Jun 2026.

Do Kinder Morgan and Targa Resources shares move together?

Over the past year the correlation of their daily returns was 0.67 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesKinder Morgan (KMI) forecast and analysisTarga Resources (TRGP) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.