Enbridge vs Targa Resources: Which Is the Stronger Buy Today?
Targa Resources surged 17% during the past Month. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer Enbridge gives you more. Enbridge (ENB) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Targa Resources (TRGP) stock, suggesting you may be better off investing in ENB
- ENB’s quarterly revenue growth was 20.8%, vs. TRGP’s -10.2%.
- In addition, its Last 12 Months revenue growth came in at 13.3%, ahead of TRGP’s 1.1%.
- ENB’s 3-year average margin is stronger: 18.4% vs. TRGP’s 17.6%.
These differences become even clearer when you look at the financials side by side. The table highlights how TRGP’s fundamentals stack up against those of ENB on growth, margins, momentum, and valuation multiples.
Valuation & Performance Overview
| TRGP | ENB | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 16.2 | 11.1 | ENB |
| Revenue Growth | |||
| Last Quarter | -10.2% | 20.8% | ENB |
| Last 12 Months | 1.1% | 13.3% | ENB |
| Last 3 Year Average | -6.2% | 13.7% | ENB |
| Operating Margins | |||
| Last 12 Months | 21.9% | 16.0% | TRGP |
| Last 3 Year Average | 17.6% | 18.4% | ENB |
| Momentum | |||
| Last 3 Year Return | 321.5% | 84.3% | TRGP |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
- Decoding PLTR Stock’s Premium Valuation
- Intuit Stock: Strong Cash Flow Poised for a Re-Rating?
- Five-Year Tally: Lowe’s Companies Stock Delivers $50 Bil Gain
- Five-Year Tally: Mastercard Stock Delivers $60 Bil Gain
- Palantir Technologies Stock Hits Key Support – Buying Opportunity?
- Stronger Bet Than Ross Stores Stock: BURL, URBN Deliver More
See detailed fundamentals on Buy or Sell TRGP Stock. Below we compare market return and related metrics across years.
Historical Market Performance
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| TRGP Return | 100% | 44% | 21% | 110% | 6% | 49% | 1051% | <=== | |
| ENB Return | 31% | 6% | -1% | 26% | 19% | 19% | 147% | ||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% | ||
| Monthly Win Rates [3] | |||||||||
| TRGP Win Rate | 83% | 50% | 50% | 83% | 50% | 100% | 69% | <=== | |
| ENB Win Rate | 83% | 58% | 50% | 50% | 67% | 100% | 68% | ||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | 64% | ||
| Max Drawdowns [4] | |||||||||
| TRGP Max Drawdown | -18% | -30% | -16% | -17% | -32% | -8% | -20% | ||
| ENB Max Drawdown | -13% | -24% | -21% | -10% | -9% | -6% | -14% | ||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | -13% | <=== | |
[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 5/18/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read TRGP Dip Buyer Analyses to see how the stock has fallen and recovered in the past.
Still not sure about TRGP or ENB? Consider portfolio approach.
Portfolios Are The Smarter Way To Invest
Stocks can jump or crash, but long-term success comes from staying invested. The right portfolio helps you ride gains and cushion single stock drops.
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? HQ Portfolio has posted more than 105% in cumulative return since inception, with less risk versus the benchmark index, as evident in HQ Portfolio performance metrics.