YOLFTbeta
Targa Resources Inc

Targa Resources Inc

TRGP · NYSE · Energy / Oil & Gas Midstream

297.33USD+1.03 (+0.35%)

Price History

Full chart

Market Stats

Previous Close296.30
Open300.01
Day Range294.64 – 300.39
52-Week Range149.04 – 313.42
Volume727.30K
Market Cap65.59B
P/E (TTM)29.24
Forward P/E24.51
EPS10.46
Dividend Yield1.65%
Beta0.80
50-Day Avg289.76
200-Day Avg258.28

About

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved 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. It is involved in the purchase and resale of NGL products; and sale 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. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMr. Matthew J. Meloy
  • Employees3.57K
  • Headquarters811 Louisiana Street, Houston, TX, United States, 77002, USA
  • Websitehttps://www.targaresources.com

Leadership

  • Mr. Matthew J. MeloyCEO & Director · b. 1978
  • Ms. Jennifer R. KnealePresident · b. 1979
  • Mr. Patrick J. McDoniePresident of Gathering & Processing · b. 1961
  • Mr. Robert M. MuraroChief Commercial Officer · b. 1977
  • Mr. William A. ByersExecutive Officer · b. 1977
  • Mr. Benjamin J. BranstetterChief Financial Officer · b. 1985
  • Mr. John Christopher EklofSenior VP & Chief Accounting Officer · b. 1970
  • Mr. Tristan James RichardsonVP of Investor Relations & Fundamentals
  • Mr. Gerald R. ShraderExecutive VP, General Counsel & Secretary · b. 1960
  • Mr. Denny LathamExecutive Vice President of Permian

Financials

Income Statement

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue8.00B4.54B5.46B6.99B5.84B6.54B8.63B6.58B6.64B8.86B10.55B8.67B8.27B17.44B21.68B15.62B16.63B17.14B
Growth (%)--43.29%+20.39%+28.09%-16.52%+11.92%+32.00%-23.74%+1.02%+33.40%+19.07%-17.85%-4.60%+110.82%+24.33%-27.97%+6.45%+3.06%
Cost of Revenue7.65B4.20B4.87B6.51B5.39B6.03B7.83B6.05B6.23B8.34B9.78B7.18B6.75B15.35B18.89B13.08B13.30B12.59B
Gross Profit344.30M339.60M587.60M487.40M449.40M508.30M795.20M523.30M410.70M526.10M778.80M1.49B1.52B2.09B2.79B2.54B3.33B4.54B
Gross Margin4.30%7.49%10.76%6.97%7.70%7.78%9.22%7.96%6.18%5.93%7.38%17.20%18.40%12.00%12.88%16.23%20.00%26.51%
Operating Expense96.40M120.40M399.90M136.10M140.50M152.20M149.70M162.80M187.70M204.90M260.50M1.30B257.20M273.30M309.70M348.60M381.40M1.10B
Operating Income247.90M219.20M187.70M351.30M308.90M356.10M645.50M360.50M223.00M321.20M518.30M192.90M1.27B1.82B2.48B2.19B2.94B3.45B
Operating Margin3.10%4.83%3.44%5.02%5.29%5.45%7.48%5.48%3.36%3.62%4.91%2.22%15.30%10.44%11.45%14.00%17.71%20.11%
EBITDA455.80M400.70M362.10M526.60M506.70M649.40M986.70M764.60M752.20M750.30M1.14B1.26B-316.70M1.70B3.21B3.96B4.13B4.85B
EBITDA Margin5.70%8.83%6.63%7.53%8.68%9.94%11.44%11.62%11.32%8.46%10.80%14.56%-3.83%9.72%14.78%25.35%24.83%28.33%
Net Income37.30M29.30M-15.00M30.70M38.10M65.10M102.30M58.30M-187.30M54.00M1.60M-209.20M-1.55B71.20M1.14B828.20M1.27B1.84B
Net Income Margin0.47%0.65%-0.27%0.44%0.65%1.00%1.19%0.89%-2.82%0.61%0.02%-2.41%-18.78%0.41%5.27%5.30%7.64%10.76%
R&D----0000000-------
R&D as % of Total Revenue----0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense141.20M132.10M101.60M103.60M112.90M128.00M144.70M231.90M254.20M233.70M257.90M337.80M391.30M387.90M446.10M687.80M767.20M852.80M
Interest Expense % of Total Revenue1.77%2.91%1.86%1.48%1.93%1.96%1.68%3.53%3.83%2.64%2.44%3.90%4.73%2.22%2.06%4.40%4.61%4.98%

Balance Sheet

Currency: USD2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-3.64B3.37B3.39B3.83B5.11B6.05B6.45B13.25B12.87B14.39B16.94B18.82B15.88B15.21B19.56B20.67B22.73B25.22B
Total Liabilities-2.82B2.61B2.36B2.50B3.35B3.96B3.91B7.00B6.96B7.42B9.47B10.37B9.97B10.03B14.58B16.06B18.32B22.02B
Total Equity-134.70M87.40M144.30M158.10M1.75B2.09B169.80M6.25B5.92B6.97B6.08B4.92B2.65B2.01B2.67B2.74B2.59B3.07B
Cash-362.80M252.40M188.40M145.80M76.30M66.70M81.00M140.20M73.50M137.20M232.10M331.10M242.80M158.50M219.00M141.70M157.30M166.10M
Total Debt-1.99B1.61B1.53B1.57B2.48B3.00B3.07B6.02B4.95B5.13B6.66B7.87B7.80B6.63B11.56B13.01B14.27B17.55B
Net Debt-1.63B1.35B1.35B1.42B2.40B2.92B2.99B5.84B4.81B4.92B6.43B7.54B7.56B6.47B11.35B12.87B14.11B17.38B

Cash Flow

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow390.70M335.80M208.50M379.30M428.20M382.70M761.80M1.03B837.40M939.50M1.14B1.39B1.74B2.30B2.38B3.21B3.65B3.92B
Investing Cash Flow-206.70M-59.30M-131.30M-509.30M-1.59B-1.03B-751.40M-2.40B-558.60M-1.89B-3.15B-3.07B-738.10M-473.20M-4.15B-2.40B-3.02B-5.44B
Financing Cash Flow900.00K-386.90M-137.90M87.40M1.09B634.00M3.90M1.42B-345.50M1.02B2.10B1.78B-1.09B-1.91B1.83B-888.10M-612.80M1.53B
Capital Expenditure132.30M99.40M139.30M331.90M582.70M1.01B762.20M817.20M562.10M1.30B3.11B2.88B951.60M505.10M1.33B2.39B2.97B3.33B
Free Cash Flow258.40M236.40M69.20M47.40M-154.50M-630.90M-400.00K217.50M275.30M-358.00M-1.97B-1.49B792.90M1.80B1.05B826.20M683.90M584.10M
Dividends Paid531.20M-448.10M38.20M273.70M362.20M113.00M179.00M565.90M843.20M908.30M964.80M395.90M187.50M379.70M427.30M615.50M818.30M
FCF to OCF66.14%70.40%33.19%12.50%-36.08%-164.85%-0.05%21.02%32.88%-38.11%-172.27%-107.07%45.45%78.07%43.96%25.73%18.74%14.91%
Dividend Paid to FCF205.57%-647.54%80.59%-177.15%-57.41%-28250.00%82.30%205.56%-235.53%-46.09%-64.84%49.93%10.43%36.28%51.72%90.00%140.10%

Earnings

Report DateFeb 24, 2011May 5, 2011Aug 8, 2011Nov 7, 2011Feb 23, 2012May 3, 2012Aug 6, 2012Nov 1, 2012Feb 14, 2013May 3, 2013Aug 1, 2013Nov 4, 2013Feb 13, 2014May 1, 2014Aug 1, 2014Nov 4, 2014Feb 13, 2015May 5, 2015Aug 4, 2015Nov 3, 2015Feb 25, 2016May 10, 2016Aug 3, 2016Nov 4, 2016Feb 15, 2017May 4, 2017Aug 3, 2017Nov 3, 2017Feb 15, 2018May 3, 2018Aug 9, 2018Nov 8, 2018Feb 20, 2019May 8, 2019Aug 9, 2019Nov 7, 2019Feb 20, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 18, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 24, 2022May 5, 2022Aug 4, 2022Nov 3, 2022Feb 22, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 15, 2024May 2, 2024Aug 1, 2024Nov 5, 2024Feb 20, 2025Apr 30, 2025Aug 7, 2025Nov 5, 2025Feb 19, 2026May 7, 2026Aug 6, 2026Nov 4, 2026Nov 5, 2026
EPS Estimate0.260.220.200.280.220.250.190.140.220.250.280.500.580.610.570.610.690.530.610.560.49-0.16-0.10-0.130.06-0.05-0.15-0.140.01-0.02-0.040.120.01-0.10-0.34-0.22-0.09-0.07-0.040.140.250.170.290.380.510.861.011.131.161.401.231.161.431.301.271.611.832.051.912.232.402.572.832.662.74
EPS Actual-0.680.160.320.120.200.230.210.210.270.320.490.530.480.470.630.730.860.070.270.230.48-0.06-0.33-0.23-1.18-0.750.140.25-0.08-0.030.35-0.240.32-0.30-0.18-0.340.362.890.140.22-0.040.520.160.580.700.060.091.371.620.030.981.091.501.221.581.921.821.892.872.202.692.763.54--
Surprise-361.54%-27.27%60.00%-57.14%-9.09%-8.00%10.53%50.00%22.73%28.00%75.00%6.00%-17.24%-22.95%10.53%19.67%24.64%-86.79%-55.74%-58.93%-2.04%62.50%-230.00%-76.92%-2066.67%-1400.00%193.33%278.57%-900.00%-50.00%975.00%-300.00%3100.00%-200.00%47.06%-54.55%500.00%4228.57%450.00%57.14%-116.00%205.88%-44.83%52.63%37.25%-93.02%-91.09%21.24%39.66%-97.86%-20.33%-6.03%4.90%-6.15%24.41%19.25%-0.55%-8.00%50.26%-1.35%12.08%7.39%25.09%--
Timing-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-Pre-market

Key Statistics & Ratios

Market Cap65.59B
Enterprise Value84.33B
Trailing P/E29.24
Forward P/E24.51
PEG Ratio1.23
Price / Sales3.92
Price / Book17.75
EPS10.46
Book Value17.05
Revenue (TTM)16.74B
Gross Profit (TTM)7.23B
EBITDA5.50B
Profit Margin13.55%
Operating Margin27.80%
Return on Equity70.84%
Return on Assets9.24%
Shares Outstanding214.43M
Shares Float211.03M
Beta0.80
Dividend Yield1.65%
Dividend Rate5.00
Payout Ratio42.45%

Analyst Ratings

Strong Buy
Based on 22 analystsTarget 330.19
  • Strong Buy
    15
  • Buy
    6
  • Hold
    1

Ownership Breakdown

Institutions
97.85%
Insiders
1.38%
Retail / Other
0.77%

Top Institutional Holders

  • BlackRock Inc
    20.83M9.72%
  • State Street Corp
    14.23M6.63%
  • Wellington Management Company LLP
    14.18M6.61%
  • Vanguard Capital Management, LLC
    14.02M6.54%
  • Vanguard Portfolio Management, LLC
    11.70M5.46%
  • Harris Associates L.P.
    7.94M3.70%
  • Geode Capital Management, LLC
    6.08M2.84%
  • NORGES BANK
    4.22M1.97%
  • Blackstone Inc
    3.60M1.68%
  • Morgan Stanley - Brokerage Accounts
    3.56M1.66%
  • Tortoise Midstream Energy Fund, Inc.
    3.53M1.65%
  • Amvescap Plc.
    3.40M1.58%
  • FMR Inc
    3.34M1.56%
  • The Goldman Sachs Group Inc
    3.10M1.45%
  • Deutsche Bank AG
    3.03M1.41%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    6.81M3.17%
  • Vanguard 500 Index Investor
    5.63M2.63%
  • Vanguard MStar Mid Cap Index Instl
    4.59M2.14%
  • State Street®EngySelSectSPDR®ETF
    4.48M2.09%
  • Vanguard Wellington Inv
    4.02M1.88%

Dividends

20264×
1.25Oct 30, 20261.25Jul 31, 20261.25Apr 30, 20261.00Jan 30, 2026
20254×
1.00Oct 31, 20251.00Jul 31, 20251.00Apr 30, 20250.75Jan 31, 2025
20244×
0.75Oct 31, 20240.75Jul 31, 20240.75Apr 29, 20240.50Jan 30, 2024
20234×
0.50Oct 30, 20230.50Jul 28, 20230.50Apr 27, 20230.35Jan 30, 2023
20224×
0.35Oct 28, 20220.35Jul 28, 20220.35Apr 28, 20220.35Jan 28, 2022
20214×
0.10Oct 28, 20210.10Jul 29, 20210.10Apr 29, 20210.10Jan 29, 2021