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PAA vs TRGP
Which Stock Would AI Choose? Plains All American Pipeline (PAA) vs. Targa Resources (TRGP) Stock Comparison
Key Takeaways
- Both PAA and TRGP operate in the midstream energy sector, providing infrastructure for oil, natural gas, and natural gas liquids (NGLs), but with differing primary focuses.
- TRGP reported record first-quarter 2026 adjusted EBITDA of $1.403 billion and raised its full-year outlook, alongside a $1.25 quarterly dividend.
- PAA has transitioned to a pure-play crude oil midstream provider following the divestiture of its Canadian NGL business in 2026.
- Recent market activity shows TRGP trading near $270 with analyst consensus Buy ratings and a price target around $278.
- Sector exposure contrasts include PAA’s emphasis on crude oil pipelines and storage versus TRGP’s integrated natural gas and NGL logistics.
- Market sentiment favors TRGP amid strong earnings momentum, while both stocks reflect broader energy infrastructure stability.
Introduction
Midstream energy infrastructure companies like PAA and TRGP play a critical role in transporting and storing hydrocarbons, offering relatively stable cash flows compared to upstream producers. This comparison examines how these two stocks stack up in the current market environment, focusing on business models, recent performance, and positioning within the energy sector. Institutional investors, income-focused traders, and those seeking sector exposure may find the analysis relevant for evaluating relative strengths amid fluctuating commodity prices and infrastructure demand. The review draws on observable data from recent weeks to highlight contrasts without projecting future outcomes.
PAA Overview and Recent Performance
PAA, or Plains All American Pipeline, L.P., is a master limited partnership that owns and operates extensive crude oil pipeline, gathering, terminalling, and storage assets across key U.S. and Canadian basins. The company connects supply regions to demand centers and export outlets. In recent market activity, PAA has operated as a pure-play crude oil midstream provider following the 2026 divestiture of its Canadian natural gas liquids (NGLs) business. This strategic shift has streamlined operations around core crude logistics. Broader energy infrastructure sentiment and crude oil volume trends have influenced performance in recent weeks, with the stock reflecting steady sector positioning amid stable midstream fundamentals.
TRGP Overview and Recent Performance
TRGP, or Targa Resources Corp., is a leading midstream provider focused on natural gas gathering, processing, and NGL logistics and transportation. The company operates a diversified portfolio of infrastructure assets primarily in North America. In recent market activity, TRGP delivered strong first-quarter 2026 results, including net income of $480 million and record adjusted EBITDA of $1.403 billion, prompting an increased full-year financial outlook. The firm also declared a $1.25 per-share quarterly dividend. Upcoming second-quarter earnings on August 6, 2026, and analyst consensus Buy ratings with targets near $278 have contributed to positive sentiment, with the stock trading around $270 amid broader midstream momentum.
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Head-to-Head Comparison
PAA and TRGP both provide essential midstream services but differ in commodity focus: PAA centers on crude oil transportation and storage, while TRGP emphasizes natural gas and NGL gathering, processing, and fractionation. Growth drivers vary accordingly, with TRGP benefiting from integrated logistics and recent earnings strength, contrasted by PAA’s streamlined crude-centric model post-divestiture. Recent momentum has favored TRGP through record EBITDA and dividend actions, whereas PAA reflects more measured sector stability. Risk factors include commodity price sensitivity for both, though TRGP’s larger scale and diversification may moderate volatility. Market sentiment appears constructive for TRGP amid analyst support, with both stocks positioned within the resilient midstream space.
Tickeron AI Verdict
Based on observable factors such as earnings consistency, recent catalysts, and relative positioning, Tickeron’s AI would currently assign a higher probabilistic preference to TRGP over PAA. Strong first-quarter results, raised guidance, and dividend momentum provide clearer trend support for TRGP, while PAA demonstrates steady but less highlighted activity in the crude segment. This assessment reflects data-driven pattern recognition rather than guarantees of future performance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is PAA is a Buy and TRGP is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
PAA’s FA Score shows that 2 FA rating(s) are green whileTRGP’s FA Score has 3 green FA rating(s).
- PAA’s FA Score: 2 green, 3 red.
- TRGP’s FA Score: 3 green, 2 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
PAA’s TA Score shows that 5 TA indicator(s) are bullish while TRGP’s TA Score has 3 bullish TA indicator(s).
- PAA’s TA Score: 5 bullish, 4 bearish.
- TRGP’s TA Score: 3 bullish, 6 bearish.
Price Growth
PAA (@Oil & Gas Pipelines) experienced а -0.30% price change this week, while TRGP (@Oil & Gas Pipelines) price change was -0.50% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was +5.61%. For the same industry, the average monthly price growth was +1.85%, and the average quarterly price growth was +18.02%.
Reported Earning Dates
PAA is expected to report earnings on Oct 29, 2026.
TRGP is expected to report earnings on Oct 29, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (+5.61% weekly)Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.
| PAA | TRGP | PAA / TRGP | |
| Capitalization | 16.6B | 57.2B | 29% |
| EBITDA | 2.91B | 5.22B | 56% |
| Gain YTD | 38.185 | 46.786 | 82% |
| P/E Ratio | 20.05 | 25.51 | 79% |
| Revenue | 45.3B | 16.6B | 273% |
| Total Cash | N/A | 100M | - |
| Total Debt | 11.6B | 19.1B | 61% |
PAA | TRGP | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 76 | 68 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 5 Undervalued | 31 Undervalued | |
PROFIT vs RISK RATING 1..100 | 4 | 7 | |
SMR RATING 1..100 | 74 | 16 | |
PRICE GROWTH RATING 1..100 | 46 | 46 | |
P/E GROWTH RATING 1..100 | 80 | 42 | |
SEASONALITY SCORE 1..100 | 50 | 19 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
PAA's Valuation (5) in the Oil And Gas Pipelines industry is in the same range as TRGP (31) in the Oil Refining Or Marketing industry. This means that PAA’s stock grew similarly to TRGP’s over the last 12 months.
PAA's Profit vs Risk Rating (4) in the Oil And Gas Pipelines industry is in the same range as TRGP (7) in the Oil Refining Or Marketing industry. This means that PAA’s stock grew similarly to TRGP’s over the last 12 months.
TRGP's SMR Rating (16) in the Oil Refining Or Marketing industry is somewhat better than the same rating for PAA (74) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew somewhat faster than PAA’s over the last 12 months.
TRGP's Price Growth Rating (46) in the Oil Refining Or Marketing industry is in the same range as PAA (46) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to PAA’s over the last 12 months.
TRGP's P/E Growth Rating (42) in the Oil Refining Or Marketing industry is somewhat better than the same rating for PAA (80) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew somewhat faster than PAA’s over the last 12 months.
| PAA | TRGP | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 57% | N/A |
| Stochastic ODDS (%) | 1 day ago 64% | 1 day ago 53% |
| Momentum ODDS (%) | 1 day ago 51% | 1 day ago 55% |
| MACD ODDS (%) | 1 day ago 58% | 1 day ago 53% |
| TrendWeek ODDS (%) | 1 day ago 50% | 1 day ago 48% |
| TrendMonth ODDS (%) | 1 day ago 64% | 1 day ago 50% |
| Advances ODDS (%) | 1 day ago 68% | 15 days ago 76% |
| Declines ODDS (%) | 10 days ago 49% | 10 days ago 51% |
| BollingerBands ODDS (%) | 1 day ago 74% | 1 day ago 75% |
| Aroon ODDS (%) | 1 day ago 66% | 1 day ago 78% |
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TRGP and
Correlation & Price change
A.I.dvisor indicates that over the last year, TRGP has been closely correlated with OKE. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if TRGP jumps, then OKE could also see price increases.
| Ticker / NAME | Correlation To TRGP | 1D Price Change % | ||
|---|---|---|---|---|
| TRGP | 100% | -0.67% | ||
| OKE - TRGP | 74% Closely correlated | +0.18% | ||
| KMI - TRGP | 62% Loosely correlated | +1.10% | ||
| AM - TRGP | 60% Loosely correlated | -0.72% | ||
| WMB - TRGP | 59% Loosely correlated | -0.90% | ||
| DTM - TRGP | 57% Loosely correlated | -0.98% | ||
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