Is Targa Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Targa Resources Corp (TRGP) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Targa Resources Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Targa Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Targa Resources Corp?

Muslim investors may consider investing in Targa Resources Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Targa Resources Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Targa Resources Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Targa Resources Corp updated?

The Shariah compliance status of Targa Resources Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Targa Resources Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Targa Resources Corp?

You can check the latest Shariah compliance status of Targa Resources Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

TRGP Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 16, 2026

Report Source: 2026 1st Quarter Report

Targa Resources Corp. Stock Analysis TRGP

United States Energy Large Cap Report: Q1, 2026

Targa Resources Corp. engages in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas. The company is headquartered in Houston, Texas and currently employs 3,570 full-time employees. The company went IPO on 2010-12-07. The firm owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The firm is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.

Key Statistics of Targa Resources Corp (TRGP)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$267.16$273.11

Today's Open

$267.16

Volume

1.84M

P/E Ratio (TTM)

28.40

52 Week Range

$144.14$273.11

Market Cap

55.79B

Avg. Volume

1.19M

Dividend Yield

1.50%

Financial Metrics & Statements of Targa Resources Corp (TRGP)

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FAQ's for Targa Resources Corp (TRGP)

According to Musaffa’s Shariah screening methodology, Targa Resources Corp (TRGP) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.