TRGP
Price
$276.20
Change
+$1.50 (+0.55%)
Updated
May 19 closing price
Capitalization
59.28B
71 days until earnings call
Intraday BUY SELL Signals
WES
Price
$47.33
Change
+$0.16 (+0.34%)
Updated
May 19 closing price
Capitalization
18.64B
84 days until earnings call
Intraday BUY SELL Signals
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TRGP vs WES

Header iconTRGP vs WES Comparison
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Which Stock Would AI Choose? Targa Resources Corp. (TRGP) vs. Western Midstream Partners, LP (WES) Stock Comparison

Key Takeaways

  • TRGP has demonstrated stronger recent momentum, with shares up over 36% year-to-date and approximately 57% over the past year, outpacing broader energy sector gains.
  • WES offers a higher dividend yield exceeding 8%, appealing to income-focused investors amid steady performance near the middle of its 52-week range.
  • Both stocks operate in the midstream energy sector, benefiting from Permian Basin (a major U.S. oil and natural gas producing region) activity, but TRGP shows more aggressive growth via expansions and record EBITDA (earnings before interest, taxes, depreciation, and amortization).
  • Analyst sentiment favors TRGP with "Strong Buy" ratings and targets around $265, while WES maintains neutral outlooks with modest upside.
  • Recent dividend hikes at TRGP (25% increase to $5.00 annually) signal confidence, contrasting WES's high but stable payouts.

Introduction

This comparison examines TRGP and WES, two prominent midstream energy companies focused on natural gas gathering, processing, and transportation. Both benefit from robust demand in key basins like the Permian, making them relevant for investors navigating energy sector volatility. Traders seeking growth potential versus income stability, amid shifting commodity prices and infrastructure expansions, may find value in evaluating their relative performance, business models, and market positioning in recent market activity. This analysis highlights objective contrasts to inform stock comparison decisions.

TRGP Overview and Recent Performance

Targa Resources Corp. (TRGP) is a leading midstream provider, operating gathering systems, processing plants, and pipelines for natural gas and NGLs (natural gas liquids), with a strong footprint in the Permian Basin. In recent weeks, shares have traded around $254, near the upper end of a 52-week range of $144 to $260, reflecting resilience despite short-term dips. Key drivers include a record 2025 adjusted EBITDA of $4.96 billion, up 20% year-over-year, fueled by higher volumes and prices, alongside a 25% dividend increase to $5.00 annually. Expansions like new Permian plants (e.g., Bull Moose II, Yeti II) and the Speedway NGL Pipeline have boosted sentiment, with 2026 EBITDA guidance at $5.4–$5.6 billion supporting growth expectations. Analyst upgrades, including Morgan Stanley's top pick status, underscore positive momentum tied to Permian production ramps.

WES Overview and Recent Performance

Western Midstream Partners, LP (WES) specializes in midstream services including gas gathering, processing, and transmission, primarily supporting Occidental Petroleum assets across the Permian and other basins. Shares have hovered around $42 in recent market activity, within a 52-week range of $35 to $45, showing stability with modest weekly gains of about 2.5%. Performance reflects consistent throughput, bolstered by deals like the Aris produced water expansion in New Mexico, enhancing capacity reliability. High dividend yields over 8% attract income seekers, though shares have underperformed broader midstream peers amid moderate volume growth. Neutral analyst views, with targets near $43, highlight its defensive positioning in a volatile energy environment.

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Head-to-Head Comparison

Both TRGP and WES thrive on fee-based midstream models with Permian exposure, minimizing direct commodity risk via minimum volume commitments. However, TRGP emphasizes growth through $4.5 billion in 2026 capex for plants and pipelines, contrasting WES’s focus on steady operations and bolt-on acquisitions. Recent momentum favors TRGP (36% YTD vs. WES’s flatter trajectory), driven by superior volume growth. Risk factors include basin-specific production slowdowns for both, but WES offers lower volatility and higher yields (~9% vs. 2%), trading off upside. Market sentiment tilts toward TRGP amid analyst enthusiasm for its catalysts, while WES appeals for income in uncertain conditions.

Tickeron AI Verdict

Tickeron’s AI currently leans toward TRGP due to its consistent upward trend, robust catalysts like Permian expansions and dividend growth, and stronger relative positioning versus midstream peers. While WES provides stability, TRGP’s higher momentum and projected EBITDA growth suggest greater probability of outperformance in the near term, based on observable market data.

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. Disclaimers and Limitations

VS
TRGP vs. WES commentary
May 20, 2026

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 TRGP is a StrongBuy and WES is a StrongBuy.

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COMPARISON
Comparison
May 20, 2026
Stock price -- (TRGP: $276.20 vs. WES: $47.33)
Brand notoriety: TRGP: Notable vs. WES: Not notable
Both companies represent the Oil & Gas Pipelines industry
Current volume relative to the 65-day Moving Average: TRGP: 104% vs. WES: 98%
Market capitalization -- TRGP: $59.28B vs. WES: $18.64B
TRGP [@Oil & Gas Pipelines] is valued at $59.28B. WES’s [@Oil & Gas Pipelines] market capitalization is $18.64B. The market cap for tickers in the [@Oil & Gas Pipelines] industry ranges from $124.1B to $0. The average market capitalization across the [@Oil & Gas Pipelines] industry is $16.09B.

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).

TRGP’s FA Score shows that 3 FA rating(s) are green whileWES’s FA Score has 4 green FA rating(s).

  • TRGP’s FA Score: 3 green, 2 red.
  • WES’s FA Score: 4 green, 1 red.
According to our system of comparison, WES is a better buy in the long-term than TRGP.

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.

TRGP’s TA Score shows that 6 TA indicator(s) are bullish while WES’s TA Score has 6 bullish TA indicator(s).

  • TRGP’s TA Score: 6 bullish, 4 bearish.
  • WES’s TA Score: 6 bullish, 3 bearish.
According to our system of comparison, both TRGP and WES are a good buy in the short-term.

Price Growth

TRGP (@Oil & Gas Pipelines) experienced а +8.25% price change this week, while WES (@Oil & Gas Pipelines) price change was +6.29% for the same time period.

The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was +1.22%. For the same industry, the average monthly price growth was +7.28%, and the average quarterly price growth was +34.69%.

Reported Earning Dates

TRGP is expected to report earnings on Jul 30, 2026.

WES is expected to report earnings on Aug 12, 2026.

Industries' Descriptions

@Oil & Gas Pipelines (+1.22% 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.

SUMMARIES
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FUNDAMENTALS
Fundamentals
TRGP($59.3B) has a higher market cap than WES($18.6B). TRGP has higher P/E ratio than WES: TRGP (28.21) vs WES (15.57). TRGP YTD gains are higher at: 51.204 vs. WES (25.189). TRGP has higher annual earnings (EBITDA): 5.22B vs. WES (2.41B). WES has more cash in the bank: 647M vs. TRGP (100M). WES has less debt than TRGP: WES (8.71B) vs TRGP (19.1B). TRGP has higher revenues than WES: TRGP (16.6B) vs WES (4.05B).
TRGPWESTRGP / WES
Capitalization59.3B18.6B319%
EBITDA5.22B2.41B217%
Gain YTD51.20425.189203%
P/E Ratio28.2115.57181%
Revenue16.6B4.05B410%
Total Cash100M647M15%
Total Debt19.1B8.71B219%
FUNDAMENTALS RATINGS
TRGP vs WES: Fundamental Ratings
TRGP
WES
OUTLOOK RATING
1..100
2729
VALUATION
overvalued / fair valued / undervalued
1..100
49
Fair valued
4
Undervalued
PROFIT vs RISK RATING
1..100
73
SMR RATING
1..100
1526
PRICE GROWTH RATING
1..100
1242
P/E GROWTH RATING
1..100
5722
SEASONALITY SCORE
1..100
2650

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.

WES's Valuation (4) in the Oil Refining Or Marketing industry is somewhat better than the same rating for TRGP (49). This means that WES’s stock grew somewhat faster than TRGP’s over the last 12 months.

WES's Profit vs Risk Rating (3) in the Oil Refining Or Marketing industry is in the same range as TRGP (7). This means that WES’s stock grew similarly to TRGP’s over the last 12 months.

TRGP's SMR Rating (15) in the Oil Refining Or Marketing industry is in the same range as WES (26). This means that TRGP’s stock grew similarly to WES’s over the last 12 months.

TRGP's Price Growth Rating (12) in the Oil Refining Or Marketing industry is in the same range as WES (42). This means that TRGP’s stock grew similarly to WES’s over the last 12 months.

WES's P/E Growth Rating (22) in the Oil Refining Or Marketing industry is somewhat better than the same rating for TRGP (57). This means that WES’s stock grew somewhat faster than TRGP’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
TRGPWES
RSI
ODDS (%)
Bearish Trend 1 day ago
44%
Bearish Trend 1 day ago
65%
Stochastic
ODDS (%)
Bearish Trend 1 day ago
50%
Bearish Trend 1 day ago
56%
Momentum
ODDS (%)
Bullish Trend 1 day ago
78%
Bullish Trend 1 day ago
71%
MACD
ODDS (%)
Bullish Trend 1 day ago
80%
Bullish Trend 1 day ago
68%
TrendWeek
ODDS (%)
Bullish Trend 1 day ago
74%
Bullish Trend 1 day ago
65%
TrendMonth
ODDS (%)
Bullish Trend 1 day ago
73%
Bullish Trend 1 day ago
63%
Advances
ODDS (%)
Bullish Trend 1 day ago
75%
Bullish Trend 1 day ago
65%
Declines
ODDS (%)
Bearish Trend about 1 month ago
53%
N/A
BollingerBands
ODDS (%)
Bearish Trend 1 day ago
54%
Bearish Trend 1 day ago
51%
Aroon
ODDS (%)
Bullish Trend 1 day ago
77%
Bullish Trend 1 day ago
59%
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TRGP
Daily Signal:
Gain/Loss:
WES
Daily Signal:
Gain/Loss:
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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 71% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TRGP
1D Price
Change %
TRGP100%
+0.55%
OKE - TRGP
71%
Closely correlated
+1.58%
KMI - TRGP
54%
Loosely correlated
+1.57%
KNTK - TRGP
54%
Loosely correlated
+0.42%
PAGP - TRGP
53%
Loosely correlated
+1.87%
VNOM - TRGP
53%
Loosely correlated
-0.77%
More

WES and

Correlation & Price change

A.I.dvisor indicates that over the last year, WES has been loosely correlated with ET. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if WES jumps, then ET could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WES
1D Price
Change %
WES100%
+0.34%
ET - WES
53%
Loosely correlated
+0.99%
OKE - WES
52%
Loosely correlated
+1.58%
PAGP - WES
51%
Loosely correlated
+1.87%
PAA - WES
51%
Loosely correlated
+1.96%
TRGP - WES
50%
Loosely correlated
+0.55%
More