Advertisement
TRGP vs WMB
Which Stock Would AI Choose? Targa Resources Corp. (TRGP) vs. Williams Companies (WMB) Stock Comparison
Key Takeaways
- Both TRGP and WMB are large-cap North American energy infrastructure (midstream) operators, but they emphasize different parts of the natural gas and natural gas liquids (NGL) value chain.
- Targa Resources (TRGP) is heavily weighted toward Permian Basin gathering, processing, fractionation, and liquefied petroleum gas (LPG) exports, while Williams (WMB) is anchored by its regulated Transco natural gas pipeline network.
- TRGP reported record full-year 2025 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) and guided to further growth, while WMB delivered record results but saw its recent quarterly EPS come in modestly below consensus.
- WMB has leaned into a distinctive gas-to-power strategy serving data centers, a catalyst TRGP does not directly replicate, whereas TRGP is executing a larger slate of downstream NGL export projects.
- Dividend profiles differ: TRGP announced a 25% planned dividend increase for 2026, while WMB announced a 5% increase, reflecting different payout and capital-allocation approaches.
- Relative performance and momentum have favored one name in recent weeks, but the two stocks carry meaningfully different leverage, growth-capex intensity, and risk profiles.
Introduction
Investors comparing energy infrastructure stocks often weigh exposure to natural gas volumes against downstream exposure to NGL and export markets. That contrast sits at the center of this stock comparison between Targa Resources Corp. (TRGP) and Williams Companies (WMB). Both are established midstream operators with fee-based business models and strong cash-flow generation, yet their growth drivers, risk profiles, and relative performance have diverged in recent months. This article reviews recent developments, market positioning, and momentum for each name to help traders and investors assess which may be better suited to the current market environment.
TRGP Overview and Recent Performance
Targa Resources Corp. (TRGP) is a Houston-based midstream energy infrastructure company focused on gathering and processing natural gas, transporting and fractionating NGLs, and exporting LPG. Its assets are concentrated in the Permian Basin and downstream at Mont Belvieu, Texas, one of North America's largest NGL hubs.
Recent market activity has reflected the company's strong operational momentum. Targa reported record fourth-quarter and full-year 2025 results, with full-year adjusted EBITDA rising roughly 20% to about $4.96 billion on higher Permian inlet volumes, NGL pipeline transportation, fractionation, and LPG export volumes. The company completed its Bull Moose II processing plant, closed the Stakeholder Midstream acquisition in early 2026, and announced additional processing plants and a new fractionator (Train 13). For 2026, management guided to adjusted EBITDA of roughly $5.4 billion to $5.6 billion, supported by approximately $4.5 billion in growth capital. The company also signaled a planned 25% increase in its annual dividend to $5.00 per share. With more than 90% of its business fee-based, sentiment has been supported by volume growth and a large backlog of downstream projects, even as commodity-price exposure and elevated capital spending remain considerations.
WMB Overview and Recent Performance
The Williams Companies, Inc. (WMB) is a Tulsa, Oklahoma-based natural gas infrastructure company best known for its Transco interstate pipeline, one of the largest-volume natural gas transmission systems in the United States. Williams also operates gathering and processing assets in the Northeast and West and a gas and NGL marketing business.
Williams delivered record full-year 2025 results, with adjusted EBITDA of roughly $7.08 billion and revenue of approximately $11.95 billion, driven by higher Transco rates and expansion projects, new Gulf volumes, and increased gathering and processing throughput. Fourth-quarter 2025 adjusted earnings per share came in slightly below consensus, even as adjusted EBITDA rose about 14.5% year over year. Management guided 2026 adjusted EBITDA to a range of $8.05 billion to $8.35 billion, with growth capital spending of $6.1 billion to $6.7 billion, and announced a 5% dividend increase to $2.10 per share. A defining feature of recent quarters has been Williams' push into gas-fired power generation for data centers, a strategy that has differentiated the company from many midstream peers. That initiative has attracted investor interest, while its higher capital intensity and leverage (debt-to-adjusted EBITDA near 3.7x) remain factors market participants weigh.
Trending AI Robots
For traders seeking a systematic, data-driven approach to names like these, Tickeron's Trending AI Robots page offers a curated view of AI trading bots. Tickeron hosts hundreds of AI Trading Bots that trade thousands of different tickers, yet only the strongest and most suitable for current market conditions earn a place in this curated section. These bots span diverse trading styles, strategies, timeframes, performance statistics, and sets of tickers, with some robots operating in daily, swing, or longer-horizon modes and others targeting specific sectors. Because no single bot suits every market regime, the Trending AI Robots list is refreshed to reflect the strategies currently performing best. Investors comparing TRGP and WMB may find it useful to explore which automated strategies are presently aligned with energy infrastructure momentum by visiting the Trending AI Robots page.
Head-to-Head Comparison
The most important contrast between these two names is market positioning. TRGP is an integrated midstream business weighted toward Permian gathering and processing and downstream NGL fractionation and LPG export infrastructure, giving it significant leverage to rising associated-gas production and global NGL demand. WMB is anchored by the regulated, fee-based Transco pipeline, which provides stable, contracted cash flows, and is increasingly differentiated by its gas-to-power investments tied to data-center electricity demand.
On recent momentum, both companies posted record annual results, but the details differ. TRGP's earnings outperformed consensus on the bottom line while revenue declined on lower commodity sales, and its guidance points to double-digit EBITDA growth. WMB's adjusted EPS slightly missed estimates despite record full-year results, and its growth is more capital-intensive, with a larger 2026 growth-capex program and a higher leverage profile.
Risk factors also diverge. TRGP carries relatively more commodity-price sensitivity through its processing and marketing activities, though more than 90% of its business is now fee-based. WMB's risks center on execution and financing of its large data-center power buildout, along with a heavier debt load. For income-focused investors, TRGP's planned 25% dividend increase signals faster payout growth, while WMB's 5% increase reflects a more measured, capital-constrained approach. In terms of sector exposure, both benefit from U.S. natural gas demand growth, but through different conduits: TRGP through NGL export volumes and WMB through pipeline rates and power demand.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would likely lean toward TRGP in the current environment. TRGP has exhibited a steadier combination of earnings momentum, above-consensus profitability, a large and clearly defined growth backlog, and a more aggressive shareholder-return trajectory. Its high proportion of fee-based revenue and record volume growth provide a comparatively durable earnings base, while its Permian and Mont Belvieu footprint aligns with sustained NGL and LPG export demand. That said, the assessment is probabilistic rather than definitive: WMB's regulated Transco franchise and unique data-center power strategy offer a differentiated and potentially compelling long-term catalyst. If WMB's gas-to-power investments execute on schedule and its leverage stabilizes, sentiment could shift in its favor. Investors should weigh these trade-offs against their own time horizon and risk tolerance.
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 TRGP is a Hold and WMB is a Hold.
TRGP saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for TRGP moved out of overbought territory on October 15, 2026. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 72 similar instances where the indicator exited the overbought zone. In 39 of the 72 cases the stock moved lower. This puts the odds of a downward move at 54%.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TRGP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
The Aroon Indicator for TRGP entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TRGP's RSI Indicator exited the oversold zone, 7 of 10 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Momentum Indicator moved above the 0 level on October 06, 2026. You may want to consider a long position or call options on TRGP as a result. In 64 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 74%.
The Moving Average Convergence Divergence (MACD) for TRGP just turned positive on October 06, 2026. Looking at past instances where TRGP's MACD turned positive, the stock continued to rise in 38 of 50 cases over the following month. The odds of a continued upward trend are 76%.
TRGP moved above its 50-day moving average on October 16, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TRGP crossed bullishly above the 50-day moving average on October 13, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 56%.
Following a +2.21% 3-day Advance, the price is estimated to grow further. Considering data from situations where TRGP advanced for three days, in 279 of 372 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
TRGP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 5 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock better than average.
The Tickeron SMR rating for this company is 16 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 31 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 34 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (16.260) is normal, around the industry mean (179.095). P/E Ratio (26.523) is within average values for comparable stocks, (22.536). Projected Growth (PEG Ratio) (1.245) is also within normal values, averaging (13.660). TRGP has a moderately low Dividend Yield (0.016) as compared to the industry average of (0.050). P/S Ratio (3.667) is also within normal values, averaging (4.657).
The Tickeron Price Growth Rating for this company is 39 (best 1 - 100 worst), indicating steady price growth. TRGP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
WMB's RSI Indicator ascends from oversold territory
The RSI Oscillator for WMB moved out of oversold territory on October 01, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 13 similar instances when the indicator left oversold territory. In 11 of the 13 cases the stock moved higher. This puts the odds of a move higher at 85%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 06, 2026. You may want to consider a long position or call options on WMB as a result. In 54 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
The Moving Average Convergence Divergence (MACD) for WMB just turned positive on October 06, 2026. Looking at past instances where WMB's MACD turned positive, the stock continued to rise in 35 of 52 cases over the following month. The odds of a continued upward trend are 67%.
The 10-day moving average for WMB crossed bullishly above the 50-day moving average on October 14, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 58%.
Following a +2.61% 3-day Advance, the price is estimated to grow further. Considering data from situations where WMB advanced for three days, in 250 of 359 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 26 of 62 cases where WMB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 42%.
WMB moved below its 50-day moving average on October 15, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WMB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 44%.
WMB broke above its upper Bollinger Band on October 12, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WMB entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 3 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock better than average.
The Tickeron Valuation Rating of 24 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.414) is normal, around the industry mean (179.095). P/E Ratio (27.482) is within average values for comparable stocks, (22.536). Projected Growth (PEG Ratio) (1.986) is also within normal values, averaging (13.660). Dividend Yield (0.030) settles around the average of (0.050) among similar stocks. P/S Ratio (7.123) is also within normal values, averaging (4.657).
The Tickeron SMR rating for this company is 40 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 55 (best 1 - 100 worst), indicating fairly steady price growth. WMB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 57 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
TRGP | WMB | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 31 | 33 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 34 Fair valued | 24 Undervalued | |
PROFIT vs RISK RATING 1..100 | 5 | 3 | |
SMR RATING 1..100 | 16 | 40 | |
PRICE GROWTH RATING 1..100 | 39 | 55 | |
P/E GROWTH RATING 1..100 | 31 | 57 | |
SEASONALITY SCORE 1..100 | 75 | 65 |
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.
WMB's Valuation (24) in the Oil And Gas Pipelines industry is in the same range as TRGP (34) in the Oil Refining Or Marketing industry. This means that WMB’s stock grew similarly to TRGP’s over the last 12 months.
WMB's Profit vs Risk Rating (3) in the Oil And Gas Pipelines industry is in the same range as TRGP (5) in the Oil Refining Or Marketing industry. This means that WMB’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 in the same range as WMB (40) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to WMB’s over the last 12 months.
TRGP's Price Growth Rating (39) in the Oil Refining Or Marketing industry is in the same range as WMB (55) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to WMB’s over the last 12 months.
TRGP's P/E Growth Rating (31) in the Oil Refining Or Marketing industry is in the same range as WMB (57) in the Oil And Gas Pipelines industry. This means that TRGP’s stock grew similarly to WMB’s over the last 12 months.
| TRGP | WMB | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 70% | 1 day ago 85% |
| Stochastic ODDS (%) | 1 day ago 54% | 1 day ago 42% |
| Momentum ODDS (%) | 1 day ago 74% | 1 day ago 60% |
| MACD ODDS (%) | 1 day ago 76% | 1 day ago 67% |
| TrendWeek ODDS (%) | 1 day ago 73% | 1 day ago 43% |
| TrendMonth ODDS (%) | 1 day ago 72% | 1 day ago 65% |
| Advances ODDS (%) | 4 days ago 75% | 4 days ago 70% |
| Declines ODDS (%) | 2 days ago 53% | 2 days ago 44% |
| BollingerBands ODDS (%) | 1 day ago 76% | 1 day ago 49% |
| Aroon ODDS (%) | 1 day ago 42% | 1 day ago 41% |
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 overvalued. 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 4 FA rating(s) are green while WMB’s FA Score has 2 green FA rating(s).
- TRGP’s FA Score: 4 green, 1 red.
- WMB’s FA Score: 2 green, 3 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.
TRGP’s TA Score shows that 6 TA indicator(s) are bullish while WMB’s TA Score has 5 bullish TA indicator(s).
- TRGP’s TA Score: 6 bullish, 4 bearish.
- WMB’s TA Score: 5 bullish, 5 bearish.
Price Growth
TRGP (@Oil & Gas Pipelines) experienced а +2.86% price change this week, while WMB (@Oil & Gas Pipelines) price change was -1.91% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was -3.57%. For the same industry, the average monthly price growth was -8.26%, and the average quarterly price growth was +7.58%.
Reported Earning Dates
TRGP is expected to report earnings on Nov 05, 2026.
WMB is expected to report earnings on Nov 02, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (-3.57% 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.
Advertisement
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 73% 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% | +4.37% | ||
| OKE - TRGP | 73% Closely correlated | +2.93% | ||
| KMI - TRGP | 63% Loosely correlated | +4.20% | ||
| WMB - TRGP | 62% Loosely correlated | +2.98% | ||
| AM - TRGP | 59% Loosely correlated | +3.61% | ||
| PBA - TRGP | 58% Loosely correlated | +3.96% | ||
More | ||||
WMB and
Correlation & Price change
A.I.dvisor indicates that over the last year, WMB has been closely correlated with KMI. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if WMB jumps, then KMI could also see price increases.