Targa Resources Corp. - Understand $trgp stock

$TRGP Market Cap: $42.62 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$16.22B

TTM

Gross Margin

34.5%

TTM

Net Earnings

$1.239B

TTM

Current Assets

$2.028B

Q3 2024

Current Liabilities

$2.627B

Q3 2024

Current Ratio

77.2%

Q3 2024

Total Assets

$21.90B

Q3 2024

Total Liabilities

$2.967B

Q3 2024

Book Value

$18.94B

Q3 2024

Cash

$127.2M

Q3 2024

P/E

34.40

Nov 29, 2024 EST

Free Cash Flow

$320.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$16.06B	$20.93B	$16.95B	$8.260B	$8.671B	$10.48B	$8.815B	$5.587B	$5.465B	$7.595B	$6.315B	$5.679B	$6.995B	$5.476B	$4.542B	$7.999B	$7.297B	$6.133B
YoY Change	-23.27%	23.48%	105.2%	-4.74%	-17.29%	18.93%	57.78%	2.22%	-28.04%	20.27%	11.2%	-18.81%	27.74%	20.56%	-43.22%	9.62%	18.98%	235.32%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$16.06B	$20.93B	$16.95B	$8.260B	$8.671B	$10.48B	$8.815B	$5.587B	$5.465B	$7.595B	$6.315B	$5.679B	$6.995B	$5.476B	$4.542B	$7.999B	$7.297B	$6.133B
Cost Of Revenue	$10.68B	$16.88B	$13.73B	$5.105B	$6.119B	$8.238B	$6.906B	$4.923B	$4.873B	$7.047B	$5.137B	$4.672B	$6.039B	$4.696B	$3.797B	$7.219B	$6.526B	$5.441B
Gross Profit	$5.384B	$4.048B	$3.220B	$3.155B	$2.553B	$2.246B	$1.909B	$1.768B	$1.821B	$1.570B	$1.178B	$1.007B	$956.0M	$781.0M	$745.0M	$780.0M	$772.0M	$692.0M
Gross Profit Margin	33.52%	19.34%	19.0%	38.19%	29.44%	21.42%	21.65%	31.65%	33.32%	20.67%	18.65%	17.73%	13.67%	14.26%	16.4%	9.75%	10.58%	11.28%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$367.0M	$327.4M	$285.4M	$269.0M	$291.0M	$260.0M	$204.0M	$188.0M	$162.0M	$148.0M	$152.0M	$141.0M	$136.0M	$144.0M	$120.0M	$96.00M	$96.00M	$83.00M
YoY Change	12.1%	14.72%	6.1%	-7.56%	11.92%	27.45%	8.51%	16.05%	9.46%	-2.63%	7.8%	3.68%	-5.56%	20.0%	25.0%	0.0%	15.66%	186.21%
% of Gross Profit	6.82%	8.09%	8.86%	8.53%	11.4%	11.58%	10.69%	10.63%	8.9%	9.43%	12.9%	14.0%	14.23%	18.44%	16.11%	12.31%	12.44%	11.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.330B	$1.096B	$870.6M	$865.1M	$971.6M	$815.9M	$809.5M	$757.7M	$677.1M	$351.0M	$271.9M	$197.6M	$181.0M	$174.7M	$168.8M	$160.9M	$148.1M	$150.0M
YoY Change	21.31%	25.89%	0.64%	-10.96%	19.08%	0.79%	6.84%	11.9%	92.91%	29.09%	37.6%	9.17%	3.61%	3.5%	4.91%	8.64%	-1.27%	455.56%
% of Gross Profit	24.7%	27.08%	27.03%	27.42%	38.06%	36.33%	42.41%	42.86%	37.18%	22.36%	23.08%	19.62%	18.93%	22.37%	22.66%	20.63%	19.18%	21.68%
Operating Expenses	$2.758B	$2.319B	$1.891B	$1.902B	$2.045B	$1.799B	$1.637B	$1.499B	$1.344B	$933.0M	$806.0M	$655.0M	$604.0M	$585.0M	$523.0M	$552.0M	$491.0M	$455.0M
YoY Change	18.94%	22.61%	-0.58%	-6.99%	13.67%	9.9%	9.21%	11.53%	44.05%	15.76%	23.05%	8.44%	3.25%	11.85%	-5.25%	12.42%	7.91%	313.64%
Operating Profit	$2.626B	$1.729B	$1.329B	$1.253B	$192.9M	$237.5M	-$122.4M	$55.80M	$159.3M	$640.5M	$372.0M	$352.0M	$352.0M	$196.0M	$222.0M	$228.0M	$281.0M	$237.0M
YoY Change	51.89%	30.06%	6.1%	549.56%	-18.78%	-294.04%	-319.35%	-64.97%	-75.13%	72.18%	5.68%	0.0%	79.59%	-11.71%	-2.63%	-18.86%	18.57%	172.41%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$687.8M	-$446.1M	-$387.9M	-$391.3M	-$337.8M	-$185.8M	-$233.7M	-$254.2M	-$234.0M	-$129.0M	-$119.0M	-$119.0M	-$108.0M	-$106.0M	-$127.0M	-$129.0M	-$152.0M	-$170.0M
YoY Change	54.18%	15.0%	-0.87%	15.84%	81.81%	-20.5%	-8.06%	8.63%	81.4%	8.4%	0.0%	10.19%	1.89%	-16.54%	-1.55%	-15.13%	-10.59%	44.07%
% of Operating Profit	-26.19%	-25.8%	-29.18%	-31.23%	-175.12%	-78.23%		-455.56%	-146.89%	-20.14%	-31.99%	-33.81%	-30.68%	-54.08%	-57.21%	-56.58%	-54.09%	-71.73%
Other Income/Expense, Net	-$2.800M	$0.00	$100.0K	$2.600M	$200.0K	$3.600M	$700.0K	$800.0K	$600.0K	$1.300M			-$1.000M	$1.000M	$1.000M	$0.00	$0.00	$0.00
YoY Change		-100.0%	-96.15%	1200.0%	-94.44%	414.29%	-12.5%	33.33%	-53.85%				-200.0%	0.0%				-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$1.943B	$1.663B	$436.9M	-$1.573B	-$46.70M	$65.90M	-$292.9M	-$259.7M	-$111.8M	$491.0M	$250.0M	$196.0M	$242.0M	$86.00M	$100.0M	$154.0M	$128.0M	$67.00M
YoY Change	16.79%	280.68%	-127.77%	3268.52%	-170.86%	-122.5%	12.78%	132.29%	-122.77%	96.4%	27.55%	-19.01%	181.4%	-14.0%	-35.06%	20.31%	91.04%	-518.75%
Income Tax	$363.2M	$131.8M	$14.80M	-$248.1M	-$87.90M	$5.500M	-$397.1M	-$100.6M	$39.60M	$68.00M	$48.00M	$37.00M	$27.00M	$23.00M	$21.00M	$19.00M	$24.00M	$17.00M
% Of Pretax Income	18.7%	7.92%	3.39%			8.35%				13.85%	19.2%	18.88%	11.16%	26.74%	21.0%	12.34%	18.75%	25.37%
Net Earnings	$1.346B	$1.196B	$71.20M	-$1.554B	-$209.2M	$1.600M	$54.00M	-$187.3M	$58.30M	$102.3M	$65.00M	$38.00M	$31.00M	-$15.00M	$29.00M	$37.00M	$56.00M	$24.00M
YoY Change	12.58%	1579.07%	-104.58%	642.78%	-13175.0%	-97.04%	-128.83%	-421.27%	-43.01%	57.38%	71.05%	22.58%	-306.67%	-151.72%	-21.62%	-33.93%	133.33%	-250.0%
Net Earnings / Revenue	8.38%	5.71%	0.42%	-18.81%	-2.41%	0.02%	0.61%	-3.35%	1.07%	1.35%	1.03%	0.67%	0.44%	-0.27%	0.64%	0.46%	0.77%	0.39%
Basic Earnings Per Share	$3.69	$3.95	-$0.07	-$7.26	-$1.44	-$0.53	-$0.31	-$1.80	$1.09	$2.44
Diluted Earnings Per Share	$3.66	$3.88	-$0.07	-$7.26	-$1.44	-$0.53	-$0.31	-$1.80	$1.09	$2.43	$1.548M	$904.8K	$756.1K	-$357.1K	$690.5K	$881.0K	$1.333M	$571.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$141.7M	$219.0M	$158.5M	$243.0M	$331.0M	$232.0M	$137.0M	$74.00M	$140.0M	$81.00M	$67.00M	$76.00M	$146.0M	$188.0M	$252.0M	$363.0M
YoY Change	-35.3%	38.17%	-34.77%	-26.59%	42.67%	69.34%	85.14%	-47.14%	72.84%	20.9%	-11.84%	-47.95%	-22.34%	-25.4%	-30.58%
Cash & Equivalents	$141.7M	$219.0M	$158.5M	$243.0M	$331.0M	$232.0M	$137.0M	$74.00M	$140.0M	$81.00M	$67.00M	$76.00M	$146.0M	$188.0M	$252.0M	$363.0M
Short-Term Investments
Other Short-Term Assets	$210.4M	$335.4M	$126.0M	$173.0M	$311.0M	$157.0M	$101.0M	$53.00M	$110.0M	$65.00M	$21.00M	$43.00M	$53.00M	$45.00M	$49.00M	$122.0M
YoY Change	-37.27%	166.19%	-27.17%	-44.37%	98.09%	55.45%	90.57%	-51.82%	69.23%	209.52%	-51.16%	-18.87%	17.78%	-8.16%	-59.84%
Inventory	$371.5M	$393.8M	$153.4M	$182.0M	$162.0M	$165.0M	$205.0M	$138.0M	$141.0M	$169.0M	$151.0M	$99.00M	$92.00M	$50.00M	$39.00M	$69.00M
Prepaid Expenses
Receivables	$1.471B	$1.408B	$1.332B	$863.0M	$855.0M	$866.0M	$828.0M	$675.0M	$516.0M	$567.0M	$659.0M	$515.0M	$576.0M	$467.0M	$404.0M	$304.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$67.00M	$13.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.195B	$2.357B	$1.770B	$1.460B	$1.658B	$1.419B	$1.270B	$1.007B	$920.0M	$883.0M	$897.0M	$733.0M	$867.0M	$751.0M	$745.0M	$857.0M
YoY Change	-6.87%	33.16%	21.22%	-11.94%	16.84%	11.73%	26.12%	9.46%	4.19%	-1.56%	22.37%	-15.46%	15.45%	0.81%	-13.07%
Property, Plant & Equipment	$15.81B	$14.21B	$11.72B	$12.23B	$14.59B	$12.93B	$10.43B	$9.691B	$9.703B	$4.825B	$4.350B	$3.538B	$2.820B	$2.509B	$2.548B	$2.617B
YoY Change	11.2%	21.3%	-4.15%	-16.21%	12.86%	23.95%	7.63%	-0.12%	101.1%	10.92%	22.95%	25.46%	12.4%	-1.53%	-2.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$146.3M	$131.3M	$586.5M	$714.0M	$739.0M	$491.0M	$222.0M	$241.0M	$259.0M	$50.00M	$56.00M	$53.00M	$37.00M	$15.00M
YoY Change	11.42%	-77.61%	-17.86%	-3.38%	50.51%	121.17%	-7.88%	-6.95%	418.0%	-10.71%	5.66%	43.24%	146.67%
Other Assets	$128.7M	$77.70M	-$6.600M	$48.00M	$47.00M	$71.00M	$45.00M	$69.00M	$102.0M	$104.0M	$92.00M	$100.0M	$107.0M	$119.0M	$74.00M	$167.0M
YoY Change	65.64%	-1277.27%	-113.75%	2.13%	-33.8%	57.78%	-34.78%	-32.35%	-1.92%	13.04%	-8.0%	-6.54%	-10.08%	60.81%	-55.69%
Total Long-Term Assets	$18.48B	$17.20B	$13.44B	$14.42B	$17.16B	$15.52B	$13.12B	$11.86B	$12.29B	$5.571B	$5.152B	$4.372B	$2.964B	$2.643B	$2.623B	$2.785B
YoY Change	7.4%	28.02%	-6.78%	-15.98%	10.55%	18.29%	10.58%	-3.47%	120.62%	8.13%	17.84%	47.5%	12.15%	0.76%	-5.82%
Total Assets	$20.67B	$19.56B	$15.21B	$15.88B	$18.82B	$16.94B	$14.39B	$12.87B	$13.21B	$6.454B	$6.049B	$5.105B	$3.831B	$3.394B	$3.368B	$3.642B
YoY Change
Accounts Payable	$1.575B	$1.449B	$1.402B	$834.0M	$684.0M	$722.0M	$712.0M	$574.0M	$379.0M	$417.0M	$521.0M	$417.0M	$515.0M	$254.0M	$206.0M	$154.0M
YoY Change	8.7%	3.32%	68.14%	21.93%	-5.26%	1.4%	24.04%	51.45%	-9.11%	-19.96%	24.94%	-19.03%	102.76%	23.3%	33.77%
Accrued Expenses	$511.3M	$447.3M	$410.7M	$319.0M	$287.0M	$137.0M	$107.0M	$90.00M	$97.00M	$83.00M	$76.00M	$80.00M	$79.00M	$336.0M	$304.0M	$252.0M
YoY Change	14.31%	8.91%	28.75%	11.15%	109.49%	28.04%	18.89%	-7.22%	16.87%	9.21%	-5.0%	1.27%	-76.49%	10.53%	20.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$620.7M	$834.3M	$162.8M	$369.0M	$382.0M	$1.028B	$350.0M	$275.0M	$219.0M	$183.0M					$13.00M	$13.00M
YoY Change	-25.6%	412.47%	-55.88%	-3.4%	-62.84%	193.71%	27.27%	25.57%	19.67%						0.0%
Total Short-Term Liabilities	$2.761B	$3.067B	$2.299B	$1.779B	$1.873B	$2.799B	$1.617B	$1.168B	$875.0M	$827.0M	$770.0M	$687.0M	$741.0M	$624.0M	$554.0M	$467.0M
YoY Change	-9.97%	33.42%	29.2%	-5.02%	-33.08%	73.1%	38.44%	33.49%	5.8%	7.4%	12.08%	-7.29%	18.75%	12.64%	18.63%
Long-Term Debt	$12.33B	$10.70B	$6.434B	$7.387B	$7.440B	$5.632B	$4.779B	$4.675B	$5.802B	$2.885B	$2.989B	$2.475B	$1.567B	$1.535B	$1.594B	$1.977B
YoY Change	15.24%	66.33%	-12.9%	-0.71%	32.1%	17.85%	2.22%	-19.42%	101.11%	-3.48%	20.77%	57.95%	2.08%	-3.7%	-19.37%
Other Long-Term Liabilities	$431.9M	$481.3M	$410.9M	$353.0M	$346.0M	$265.0M	$541.0M	$173.0M	$106.0M	$63.00M	$62.00M	$59.00M	$72.00M	$87.00M	$107.0M	$59.00M
YoY Change	-10.26%	17.13%	16.4%	2.02%	30.57%	-51.02%	212.72%	63.21%	68.25%	1.61%	5.08%	-18.06%	-17.24%	-18.69%	81.36%
Total Long-Term Liabilities	$12.77B	$11.18B	$6.845B	$7.740B	$7.786B	$5.897B	$5.320B	$4.848B	$5.908B	$2.948B	$3.051B	$2.534B	$1.639B	$1.622B	$1.701B	$2.036B
YoY Change	14.14%	63.37%	-11.56%	-0.59%	32.03%	10.85%	9.74%	-17.94%	100.41%	-3.38%	20.4%	54.61%	1.05%	-4.64%	-16.45%
Total Liabilities	$17.93B	$16.89B	$12.45B	$12.92B	$13.62B	$10.61B	$8.012B	$7.432B	$11.75B	$6.284B	$5.900B	$4.961B	$3.673B	$3.250B	$2.972B	$3.217B
YoY Change	6.14%	35.73%	-3.66%	-5.11%	28.3%	32.46%	7.8%	-36.75%	86.98%	6.51%	18.93%	35.07%	13.02%	9.35%	-7.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	224.6M	227.3M	228.6M	232.2M	232.5M	224.2M	206.9M	154.4M	53.50M	42.00M
Diluted Shares Outstanding	226.0M	231.1M	228.6M	232.2M	232.5M	224.2M	206.9M	154.4M	53.60M	42.10M	42.10M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $42.62 Billion

About Targa Resources Corp.

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. The company is headquartered in Houston, Texas and currently employs 3,182 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.

Industry: Natural Gas Transmission Peers: Cheniere Energy Partners, L.P. DCP Midstream, LP Energy Transfer LP ENTERPRISE PRODUCTS PARTNERS L.P. Magellan Midstream Partners, L.P. MPLX LP New Fortress Energy Inc. ONEOK INC /NEW/ Western Midstream Partners, LP WILLIAMS COMPANIES, INC.