What changed
$TRGP — BUY 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $4.1B | EPS $2.76 vs $2.57 🟢 | Margin 20.7%
💡 Consensus expects steady mid-single-digit volume growth and 27.8x P/E to persist. Our variant view: Permian production surge and early plant ramp-ups push processing volumes 10-15% above estimates by mid-2026, driving 10% EPS surprise and P/E re-rating to 28-30x on upward estimate revisions.
📉 Reward/risk: 1.93:1
🏢 Business Quality: 9/10 - Leading integrated Permian midstream with fee-based, long-term contracts, high barriers to entry, and visible multi-year growth capex pipeline.
📊 Valuation: fair — trailing P/E of 27.8x is at historical median, not cheap relative to peers (EPD 12x, KMI 18x), but justified by superior growth; DCF/reverse...
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/TRGP0620