Correlation
The correlation between TRGP and MPLX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
TRGP vs. MPLX
Compare and contrast key facts about Targa Resources Corp. (TRGP) and MPLX LP (MPLX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRGP or MPLX.
Performance
TRGP vs. MPLX - Performance Comparison
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Key characteristics
TRGP:
1.09
MPLX:
1.85
TRGP:
1.48
MPLX:
2.44
TRGP:
1.22
MPLX:
1.32
TRGP:
1.46
MPLX:
2.50
TRGP:
3.62
MPLX:
8.86
TRGP:
10.87%
MPLX:
4.11%
TRGP:
35.18%
MPLX:
20.33%
TRGP:
-95.21%
MPLX:
-85.72%
TRGP:
-26.62%
MPLX:
-4.85%
Fundamentals
TRGP:
$34.57B
MPLX:
$51.97B
TRGP:
$5.40
MPLX:
$4.33
TRGP:
29.35
MPLX:
11.76
TRGP:
1.31
MPLX:
2.90
TRGP:
2.11
MPLX:
4.57
TRGP:
14.03
MPLX:
3.76
TRGP:
$16.44B
MPLX:
$11.23B
TRGP:
$3.65B
MPLX:
$5.04B
TRGP:
$4.06B
MPLX:
$6.15B
Returns By Period
In the year-to-date period, TRGP achieves a -10.70% return, which is significantly lower than MPLX's 10.69% return. Over the past 10 years, TRGP has outperformed MPLX with an annualized return of 10.91%, while MPLX has yielded a comparatively lower 5.12% annualized return.
TRGP
-10.70%
-7.59%
-21.98%
38.12%
32.79%
57.67%
10.91%
MPLX
10.69%
2.10%
2.55%
37.25%
26.05%
34.47%
5.12%
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Risk-Adjusted Performance
TRGP vs. MPLX — Risk-Adjusted Performance Rank
TRGP
MPLX
TRGP vs. MPLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Targa Resources Corp. (TRGP) and MPLX LP (MPLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
TRGP vs. MPLX - Dividend Comparison
TRGP's dividend yield for the trailing twelve months is around 2.06%, less than MPLX's 7.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRGP Targa Resources Corp. | 2.06% | 1.54% | 2.13% | 1.90% | 0.77% | 4.59% | 8.92% | 10.11% | 7.52% | 6.49% | 12.53% | 2.52% |
MPLX MPLX LP | 7.30% | 7.33% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% |
Drawdowns
TRGP vs. MPLX - Drawdown Comparison
The maximum TRGP drawdown since its inception was -95.21%, which is greater than MPLX's maximum drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for TRGP and MPLX.
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Volatility
TRGP vs. MPLX - Volatility Comparison
Targa Resources Corp. (TRGP) has a higher volatility of 8.02% compared to MPLX LP (MPLX) at 6.05%. This indicates that TRGP's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TRGP vs. MPLX - Financials Comparison
This section allows you to compare key financial metrics between Targa Resources Corp. and MPLX LP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TRGP vs. MPLX - Profitability Comparison
TRGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Targa Resources Corp. reported a gross profit of 936.10M and revenue of 4.56B. Therefore, the gross margin over that period was 20.5%.
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, MPLX LP reported a gross profit of 1.27B and revenue of 2.89B. Therefore, the gross margin over that period was 44.1%.
TRGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Targa Resources Corp. reported an operating income of 543.30M and revenue of 4.56B, resulting in an operating margin of 11.9%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, MPLX LP reported an operating income of 1.37B and revenue of 2.89B, resulting in an operating margin of 47.3%.
TRGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Targa Resources Corp. reported a net income of 270.50M and revenue of 4.56B, resulting in a net margin of 5.9%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, MPLX LP reported a net income of 1.13B and revenue of 2.89B, resulting in a net margin of 39.0%.