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Compare · AM vs TRGP

AM vs TRGP

Side-by-side comparison of Antero Midstream Corporation (AM) and Targa Resources Inc. (TRGP): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both AM and TRGP operate in Natural Gas Distribution (Utilities), so they compete in similar markets.
  • TRGP is the larger of the two at $60.72B, about 5.7x AM ($10.73B).
  • Over the past year, AM is up 31.2% and TRGP is up 73.6% - TRGP leads by 42.4 points.
  • AM has been more active in the news (10 items in the past 4 weeks vs 3 for TRGP).
  • TRGP has more recent analyst coverage (25 ratings vs 12 for AM).
PerformanceAM+31.18%TRGP+73.55%
2025-07-21+0.00%2026-07-17
MetricAMTRGP
Company
Antero Midstream Corporation
Targa Resources Inc.
Price
$22.59-1.14%
$283.43+1.15%
Market cap
$10.73B
$60.72B
1M return
+5.27%
+9.24%
1Y return
+31.18%
+73.55%
Industry
Natural Gas Distribution
Natural Gas Distribution
Exchange
NYSE
NYSE
IPO
2017
2010
News (4w)
10
3
Recent ratings
12
25
AM

Antero Midstream Corporation

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers fresh water; and offers other fluid handling services, such as wastewater transportation, disposal, and treatment, as well as high rate transfer services. The company was incorporated in 2013 and is headquartered in Denver, Colorado.

TRGP

Targa Resources Inc.

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, purchasing, storing, terminaling, and selling crude oil. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,700 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 75 million barrels. As of December 31, 2020, the company leased and managed approximately 694 railcars; 124 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

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