Targa Resources (TRGP) Maintains Strong UptrendTarga Resources Corp.BATS:TRGPfinvestnomicsTRGP is attracting buying interest as the stock continues to trend higher, supported by a pattern of higher highs and higher lows. Shares remain firmly above both the 20-day and 50-day moving averages, reflecting sustained bullish momentum and a healthy long-term uptrend. Targa Resources Corp. is a $57.39 billion midstream energy company engaged in the gathering, processing, transportation, and marketing of natural gas and natural gas liquids (NGLs). The company operates through its Gathering and Processing and Logistics and Transportation segments, which provide critical infrastructure connecting energy producers to domestic and international markets. Its strategically located assets, particularly in key U.S. production basins, support its position as a leading energy infrastructure operator. TRGP is considered a narrow-moat company, benefiting from high-cost, difficult-to-replicate infrastructure assets and an extensive network of pipelines, processing facilities, fractionators, and export terminals. Fundamentally, the company has delivered earnings-per-share growth in each of the last three quarters, while revenue growth was achieved in one of the last three quarters. Profitability remains solid, with operating and net margins of 25% and 11%, respectively. The company generates strong shareholder returns, evidenced by a return on equity (ROE) of 76% and a return on invested capital (ROIC) of 11%. Its current ratio stands at 0.7x, while the debt-to-equity ratio of 6.1x reflects the capital-intensive nature of the midstream energy industry. With its strategic asset footprint, scale advantages, and exposure to growing U.S. natural gas and NGL production, Targa Resources remains well positioned to benefit from long-term energy infrastructure demand.