Targa's 37% Q4 Jump Tied to Iran Tensions, TimesSquare Reports

Targa Resources Corp. (TRGP) gained 37% in the fourth quarter of 2025, a jump that TimesSquare Capital Management attributed partly to geopolitical tensions in Iran. The firm detailed the position in its first-quarter 2026 investor letter for the U.S. Mid Cap Growth Strategy.

TRGP closed at $257.81 on July 1, giving it a $55.34 billion market capitalization. The stock has risen 48.58% over the past 52 weeks. Over the past month it slipped 3.58%.

The letter said high oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran. Central banks held policy steady despite energy-driven inflation.

Targa's infrastructure assets sit in the Permian Basin, where crude output exceeds 6 million barrels a day, according to the Energy Information Administration. The company's new natural gas liquids plant in Delaware and an expanded NGL pipeline will increase processing and takeaway capacity. Management raised capital expenditure plans to fund the projects.

Hedge fund interest is rising. Forty-nine funds held TRGP at the end of the first quarter, up from 45 three months earlier.

AlphaScala's proprietary model assigns TRGP an Alpha Score of 53 out of 100, labeled Mixed, within the Energy sector. The full profile is at the TRGP stock page.

Forty-nine hedge funds held TRGP positions at the end of the first quarter, up from 45 in the prior quarter.