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Targa Resources Inc

Energy US TRGP

232.47USD
-2.27(0.97%)

Last update at 2026-03-10T20:00:00Z

Day Range

231.72236.43
LowHigh

52 Week Range

63.6391.44
LowHigh

Fundamentals

  • Previous Close 234.74
  • Market Cap19334.25M
  • Volume1428872
  • P/E Ratio22.76
  • Dividend Yield2.31%
  • EBITDA3866.30M
  • Revenue TTM16375.60M
  • Revenue Per Share TTM72.62
  • Gross Profit TTM 4047.70M
  • Diluted EPS TTM3.81

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1663.20M 436.90M -1573.10000M -46.70000M 65.90M
Minority interest 335.90M 350.90M 228.90M 3522.10M 1391.40M
Net income 1195.50M 422.10M -1325.00000M 41.20M 1.60M
Selling general administrative 309.70M 273.20M 254.60M 280.70M 256.90M
Selling and marketing expenses - - - - -
Gross profit 2951.70M 2349.70M 2290.10M 1581.00M 1429.90M
Reconciled depreciation 1096.00M 870.60M 865.10M 971.60M 815.90M
Ebit 1729.00M 1289.50M 3809.60M 618.70M 648.50M
Ebitda 2769.60M 2160.10M 4674.70M 1590.30M 1464.40M
Depreciation and amortization 1040.60M 870.60M 865.10M 971.60M 815.90M
Non operating income net other 429.90M -23.30000M 76.00M 108.30M 7.40M
Operating income 1729.00M 1289.50M 3809.60M 618.70M 237.50M
Other operating expenses 19200.60M 15620.40M 7007.20M 8235.00M 10036.60M
Interest expense 446.10M 387.90M -391.30000M 337.80M 185.80M
Tax provision 131.80M 14.80M -248.10000M -87.90000M 5.50M
Interest income - - - 298.80M 178.50M
Net interest income -495.70000M -404.50000M -345.70000M -337.80000M -185.80000M
Extraordinary items - - - - -
Non recurring - 452.30M 2442.80M 243.20M 210.00M
Other items - - - - -
Income tax expense 131.80M 14.80M -248.10000M -87.90000M 5.50M
Total revenue 20929.80M 16949.80M 8260.30M 8671.10M 10484.00M
Total operating expenses 1222.50M 1020.30M 1037.00M 1144.90M 982.50M
Cost of revenue 17978.10M 14600.10M 5970.20M 7090.10M 9054.10M
Total other income expense net -65.80000M -852.60000M -5382.70000M -665.40000M -193.70000M
Discontinued operations - - - - -
Net income from continuing ops 1531.40M 422.10M -1325.00000M 41.20M 60.40M
Net income applicable to common shares 896.80M -16.10000M -1684.80000M -334.00000M -119.30000M
Preferred stock and other adjustments 30.00M 87.30M 91.70M 91.70M 91.70M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 19560.00M 15208.20M 15875.70M 18815.10M 16938.20M
Intangible assets 2734.60M 1094.80M 1382.40M 1735.00M 1983.20M
Earning assets - - - - -
Other current assets 155.50M 82.90M 87.70M 69.70M 41.30M
Total liab 14577.80M 9279.80M 9671.10M 10093.40M 9221.70M
Total stockholder equity 2665.70M 2761.50M 2955.30M 5199.60M 6325.10M
Deferred long term liab 467.80M 245.30M 195.50M 475.00M 528.30M
Other current liab 455.90M 258.20M 142.60M 110.50M 522.70M
Common stock 0.20M 0.20M 0.20M 0.20M 0.20M
Capital stock 0.20M 0.20M 0.20M 279.00M 0.20M
Retained earnings -626.80000M -1822.30000M -1893.50000M -339.60000M -130.40000M
Other liab 780.40M 512.40M 458.40M 733.40M 790.50M
Good will - - - 45.20M 46.60M
Other assets 122.90M 89.40M 860.00M 47.40M 70.60M
Cash 219.00M 158.50M 242.80M 331.10M 232.10M
Cash and equivalents - - - - -
Total current liabilities 3066.70M 2298.50M 1779.40M 1872.60M 2798.80M
Current deferred revenue 327.70M 475.20M 434.40M 382.80M 47.70M
Net debt 11346.00M 6473.20M 7559.10M 7538.50M 6428.20M
Short term debt 834.30M 162.80M 368.60M 382.20M 1027.90M
Short long term debt 800.00M 150.00M 356.50M 370.00M 1027.90M
Short long term debt total 11565.00M 6631.70M 7801.90M 7869.60M 6660.30M
Other stockholder equity -16322.40000M 4064.80M 4689.00M 5167.70M 6115.30M
Property plant equipment 14214.60M 11667.70M 12173.60M 14590.50M 12928.40M
Total current assets 2356.60M 1769.80M 1460.30M 1658.30M 1418.90M
Long term investments 155.80M 594.20M 763.30M 738.70M 490.50M
Net tangible assets -68.90000M 1666.70M 1572.90M 3140.60M 4049.60M
Short term investments - - 714.00M - -
Net receivables 1408.40M 1331.90M 862.80M 855.00M 865.50M
Long term debt 10509.10M 6420.70M 7368.40M 7414.40M 5632.40M
Inventory 393.80M 153.40M 181.50M 161.50M 164.70M
Accounts payable 1448.80M 1402.30M 833.80M 997.10M 1200.50M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 2316.50M 3166.90M 3249.30M 3522.10M 1391.40M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 54.70M -230.90000M -141.80000M 92.50M 94.30M
Additional paid in capital - - - - -
Common stock total equity 0.20M 0.20M 0.20M 0.20M 0.20M
Preferred stock total equity - - - - -
Retained earnings total equity -626.80000M -1822.30000M -1893.50000M -339.60000M -130.40000M
Treasury stock -464.70000M -204.10000M -150.90000M -53.50000M -39.60000M
Accumulated amortization - - - - -
Non currrent assets other -204.80000M 81.70M 96.10M 53.90M -454.60000M
Deferred long term asset charges - - - - -
Non current assets total 17203.40M 13438.40M 14415.40M 17156.80M 15519.30M
Capital lease obligations 255.90M 61.00M 77.00M 85.20M -
Long term debt total 10702.10M 6434.40M 7387.10M 7440.20M 5632.40M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 872.30M 19.60M 10.50M -193.00000M -276.50000M
Change to liabilities 35.50M 5.90M 6.90M 80.80M 57.20M
Total cashflows from investing activities -4149.70000M -473.20000M -738.10000M -3071.90000M -3146.90000M
Net borrowings -25833.10000M -1176.60000M -20.50000M 1105.10M 1585.30M
Total cash from financing activities 1829.40M -1914.00000M -1094.70000M 1781.10M 2097.80M
Change to operating activities 35.50M 5.90M 6.90M 45.80M 25.60M
Net income 1531.40M 422.10M -1325.00000M 41.20M 60.40M
Change in cash 60.50M -84.30000M -88.30000M 99.00M 94.90M
Begin period cash flow 158.50M 242.80M 331.10M 232.10M 137.20M
End period cash flow 219.00M 158.50M 242.80M 331.10M 232.10M
Total cash from operating activities 2380.80M 2302.90M 1744.50M 1389.80M 1144.00M
Issuance of capital stock - - 0.00000M 0.00000M 689.00M
Depreciation 1096.00M 870.60M 865.10M 971.60M 815.90M
Other cashflows from investing activities -3687.70000M 12.30M 203.00M -1.10000M 244.40M
Dividends paid -379.70000M -187.50000M -395.90000M -964.80000M 919.60M
Change to inventory -236.20000M 40.60M -27.70000M -45.00000M -13.90000M
Change to account receivables 1230.00M -392.40000M -25.60000M -24.70000M -6.20000M
Sale purchase of stock -1225.80000M -53.20000M -268.20000M 555.30M 3777.60M
Other cashflows from financing activities 40558.40M -493.80000M -407.60000M 8161.00M 722.40M
Change to netincome 92.30M 766.20M 2074.80M 350.90M 288.20M
Capital expenditures 1334.30M 505.10M 951.60M 2877.80M 3114.80M
Change receivables 219.70M -392.40000M -25.60000M -24.70000M -6.20000M
Cash flows other operating -373.20000M 575.60M 161.30M -72.10000M -72.10000M
Exchange rate changes - - - - -
Cash and cash equivalents changes 60.50M -84.30000M -88.30000M 99.00M 94.90M
Change in working capital -364.00000M 205.80M 59.30M 11.10M 37.10M
Stock based compensation 57.50M 59.20M 66.20M 60.30M 56.30M
Other non cash items -65.20000M 733.10M 2311.60M 393.50M 168.80M
Free cash flow 1046.50M 1797.80M 792.90M -1488.00000M -1970.80000M

Peer Comparison

Sector: Energy Industry: Oil & Gas Midstream

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
TRGP
Targa Resources Inc		 -2.27 0.97% 232.47 22.76 15.62 1.17 7.63 1.95 8.27
ENB
Enbridge Inc		 -0.24 0.44% 53.70 32.07 17.33 1.67 1.73 2.98 10.28
EBBNF
Enbridge Inc		 0.03 0.12% 24.30 8.69 - 1.66 -
ET
Energy Transfer LP		 -0.29 1.56% 18.30 13.60 10.88 0.75 1.74 1.48 7.82
EPD
Enterprise Products Partners LP		 -0.37 1.00% 36.72 10.72 9.90 1.17 2.09 1.76 9.64

Reports Covered

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Profile

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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, storing, terminaling, purchasing, and selling crude oil. The company 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, it 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. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

Targa Resources Inc

811 Louisiana Street, Houston, TX, United States, 77002

Key Executives

Name Title Year Born
Mr. Matthew J. Meloy CEO & Director 1978
Ms. Jennifer R. Kneale Chief Financial Officer 1979
Mr. D. Scott Pryor Pres of Logistics & Transportation 1963
Mr. Patrick J. McDonie Pres of Gathering & Processing 1961
Mr. Robert M. Muraro Chief Commercial Officer 1977
Mr. G. Clark White Exec. VP of Operations 1960
Ms. Julie H. Boushka Sr. VP & Chief Accounting Officer 1963
Mr. Sanjay Lad VP of Fin. & Investor Relations NA
Ms. Regina L. Gregory Exec. VP, Gen. Counsel & Sec. 1971
Mr. Denny Latham Exec. VP of Permian & Gen. Partner NA

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