TRGP - Targa Resources Corp Stock Price, Fair Value and News

112.50USD-0.33 (-0.29%)Market Closed

Market Summary

USD112.50-0.33

Market Closed

-0.29%

TRGP Alerts

Big fall in earnings (Y/Y)

TRGP Stock Price

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TRGP RSI Chart

TRGP Valuation

Market Cap

24.9B

Price/Earnings (Trailing)

22.19

Price/Sales (Trailing)

1.55

EV/EBITDA

12.29

Price/Free Cashflow

73.64

TRGP Price/Sales (Trailing)

TRGP Profitability

EBT Margin

10.51%

Return on Equity

24.56%

Return on Assets

5.39%

Free Cashflow Yield

1.36%

TRGP Fundamentals

TRGP Revenue

Revenue (TTM)

16.1B

Rev. Growth (Yr)

0.93%

Rev. Growth (Qtr)

7.62%

TRGP Earnings

Earnings (TTM)

1.1B

Earnings Growth (Yr)

-44.63%

Earnings Growth (Qtr)

-8.14%

Breaking Down TRGP Revenue

Last 7 days

0.1%

Last 30 days

-3.0%

Last 90 days

28.0%

Trailing 12 Months

58.1%

How does TRGP drawdown profile look like?

TRGP Financial Health

Current Ratio

0.7

Debt/Equity

2.73

Debt/Cashflow

0.23

TRGP Investor Care

Dividend Yield

1.78%

Dividend/Share (TTM)

Buy Backs (1Y)

1.90%

Diluted EPS (TTM)

4.86

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	16.1B	0	0	0
2023	20.5B	17.8B	16.4B	16.1B
2022	18.3B	20.9B	21.8B	20.9B
2021	9.8B	11.7B	14.1B	16.9B
2020	8.4B	7.9B	8.2B	8.3B
2019	10.3B	9.9B	8.8B	8.7B
2018	9.2B	9.7B	10.6B	10.5B
2017	7.4B	7.6B	8.1B	8.8B
2016	6.4B	6.3B	6.3B	6.7B
2015	8.0B	7.7B	7.0B	6.7B
2014	7.2B	7.9B	8.7B	8.6B
2013	5.6B	5.7B	5.7B	6.3B
2012	7.0B	6.6B	6.3B	5.9B
2011	5.6B	6.1B	6.6B	7.0B
2010	4.8B	5.0B	5.2B	5.5B
2009	0	0	0	4.5B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Targa Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	lawhorn caron a	acquired	-	-	1,623	-
Mar 18, 2024	teague r keith	acquired	-	-	1,947	-
Mar 05, 2024	boushka julie h.	sold	-1,009,600	100	-10,000	senior vp and cao
Mar 01, 2024	boushka julie h.	sold (taxes)	-187,653	99.34	-1,889	senior vp and cao
Feb 26, 2024	pryor d. scott	sold	-970,007	97.0007	-10,000	see remarks
Feb 23, 2024	muraro robert	sold	-973,080	97.308	-10,000	chief commercial officer
Feb 23, 2024	cooksen lindsey	sold	-97,360	97.36	-1,000	-
Feb 22, 2024	perkins joe bob	sold	-1,342,020	97.5163	-13,762	-
Feb 22, 2024	perkins joe bob	sold	-3,262,700	97.6711	-33,405	-
Feb 22, 2024	perkins joe bob	sold	-3,058,280	97.6463	-31,320	-

Which funds bought or sold TRGP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Arizona State Retirement System	reduced	-0.25	1,450,710	6,524,870	0.04%
May 07, 2024	Swiss National Bank	reduced	-4.54	13,312,700	71,046,500	0.05%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-34.33	-1,828,710	10,096,500	-%
May 07, 2024	SFMG, LLC	reduced	-0.03	76,052	339,442	0.03%
May 07, 2024	ASSETMARK, INC	reduced	-52.38	-704	1,120	-%
May 07, 2024	Headlands Technologies LLC	added	15,310	789,901	793,897	0.19%
May 07, 2024	SEI INVESTMENTS CO	reduced	-15.39	1,434,290	17,246,300	0.03%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-2.96	3,889,000	19,378,000	0.03%
May 07, 2024	Cornerstone Planning Group LLC	new	-	225	225	-%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	unchanged	-	29,786	132,790	0.01%

Are Funds Buying or Selling TRGP?

Are funds buying TRGP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TRGP

No. of Funds

TRGP Alerts

Big fall in earnings (Y/Y)

Unveiling Targa Resources Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.03%	26,814,175	SC 13G/A
Jan 30, 2024	state street corp	6.52%	14,542,581	SC 13G/A
Jan 25, 2024	blackrock inc.	9.0%	20,030,896	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.4%	817,113	SC 13G/A
Feb 09, 2023	vanguard group inc	11.43%	25,884,922	SC 13G/A
Feb 03, 2023	blackrock inc.	8.1%	18,399,506	SC 13G/A
Jan 31, 2023	state street corp	6.90%	15,616,505	SC 13G
Jun 09, 2022	blackrock inc.	10.7%	24,430,083	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	5.1%	12,277,357	SC 13G/A
Feb 04, 2022	blackrock inc.	9.6%	21,959,815	SC 13G

Recent SEC filings of Targa Resources Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	144	Notice of Insider Sale Intent
May 08, 2024	144	Notice of Insider Sale Intent
May 08, 2024	144	Notice of Insider Sale Intent
May 07, 2024	144	Notice of Insider Sale Intent
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Mar 21, 2024	ARS	ARS
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 20, 2024	4	Insider Trading

Peers (Alternatives to Targa Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	79.2B	43.6B	5.68%	-6.53%	12.79	1.81	-18.12%	106.16%
EPD	61.6B	49.7B	-3.60%	11.32%	11.14	1.24	-14.56%	0.77%
ET	54.7B	78.6B	2.65%	29.92%	13.9	0.7	-12.56%	-17.26%
KMI	41.7B	15.3B	2.45%	11.63%	16.98	2.73	-18.66%	-3.98%
LNG	36.0B	17.4B	0.41%	5.04%	7.27	2.06	-47.07%	-35.95%
PAA	12.4B	48.7B	-6.41%	39.57%	10.07	0.25	-15.05%	18.61%
MID-CAP
AM	6.9B	1.1B	0.28%	36.01%	17.61	6.46	10.45%	16.98%
ENLC	6.0B	6.8B	-3.69%	52.17%	36.94	0.88	-24.85%	-57.72%
ETRN	5.8B	1.4B	6.22%	156.35%	12.77	4.18	-0.72%	272.22%
INSW	3.0B	1.1B	15.93%	61.48%	5.73	2.86	0.83%	-7.88%
HESM	2.8B	1.4B	-2.61%	23.50%	19.6	2	10.36%	-29.40%
SMALL-CAP
GEL	1.6B	3.2B	11.16%	36.04%	12.41	0.51	7.09%	65.33%
GLP	1.5B	16.5B	0.46%	52.67%	10.12	0.09	-12.64%	-57.90%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	111.2M	734.3M	10.04%	16.33%	29.17	0.15	-25.40%	114.16%

Targa Resources Corp News

Latest updates

Targa Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.6%	4,562	4,240	3,897	3,404	4,521	4,555	5,360	6,056	4,959	5,442	4,460	3,416	3,633	2,573	2,115	1,524	2,049	2,474	1,903	1,995	2,299
Operating Expenses	3.2%	278	269	278	273	258	252	261	216	184	202	189	185	171	192	162	164	181	103	200	210	190
S&GA Expenses	-100.0%	-	95.00	90.00	81.00	82.00	93.00	79.00	71.00	67.00	81.00	67.00	64.00	61.00	74.00	59.00	62.00	61.00	57.00	70.00	73.00	81.00
EBITDA Margin	-7.4%	0.19*	0.20*	0.20*	0.18*	0.16*	0.13*	0.09*	0.09*	0.07*	0.08*	0.13*	0.14*	-	-	-	-	-	-	-	-	-
Income Taxes	-19.4%	83.00	103	54.00	96.00	110	10.00	12.00	87.00	23.00	-8.75	2.00	7.00	15.00	39.00	32.00	-23.20	-295	-77.90	-3.80	-3.30	-2.90
Earnings Before Taxes	-9.7%	415	460	333	484	666	406	291	775	192	-257	290	162	243	185	204	154	-2,115	-93.00	28.00	46.00	-27.60
EBT Margin	-13.1%	0.11*	0.12*	0.12*	0.10*	0.10*	0.08*	0.05*	0.05*	0.02*	0.03*	0.06*	0.07*	-	-	-	-	-	-	-	-	-
Net Income	-8.1%	275	300	220	329	497	318	193	596	88.00	-313	182	56.00	146	34.00	69.00	81.00	-1,737	-15.10	-47.30	-10.20	-38.90
Net Income Margin	-16.7%	0.07*	0.08*	0.08*	0.07*	0.08*	0.06*	0.00*	0.00*	0.00*	0.00*	0.03*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-13.1%	207	238	-184	79.00	694	19.00	64.00	420	544	321	373	521	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.8%	20,846	20,672	20,190	19,462	19,026	19,560	19,390	15,334	15,295	15,208	15,973	15,412	15,648	15,876	16,052	15,965	16,027	18,815	18,919	18,318	17,569
Current Assets	-10.1%	1,973	2,195	2,139	1,729	1,639	2,357	2,497	2,164	1,901	1,770	1,993	1,318	1,409	1,460	1,444	1,225	1,214	1,658	1,476	1,212	1,181
Cash Equivalents	-22.4%	110	142	140	169	212	219	193	154	136	159	229	209	249	243	275	196	375	331	326	227	125
Inventory	-39.6%	225	372	536	312	156	394	471	202	98.00	153	317	66.00	52.00	182	262	219	100	162	211	205	198
Net PPE	3.0%	16,283	15,806	15,334	14,890	14,470	14,215	13,716	11,878	11,653	11,668	11,922	11,997	12,061	12,174	12,293	12,417	12,412	14,549	14,697	14,369	13,703
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45.00	47.00	47.00	47.00
Current Liabilities	1.9%	2,815	2,761	2,682	2,321	2,467	3,067	3,394	3,153	2,910	2,299	2,868	2,102	1,765	1,779	1,381	1,320	1,196	1,873	1,669	1,658	2,042
Long Term Debt	1.4%	12,510	12,333	12,318	11,813	11,440	10,702	10,431	7,046	6,965	6,434	6,434	6,604	7,091	7,387	7,652	7,580	7,640	7,440	7,280	6,639	7,119
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	555	-	-	-	435	7,280	6,639	7,119
Shareholder's Equity	67.1%	4,578	2,740	2,506	4,540	4,412	2,666	4,731	4,401	4,017	5,179	5,400	5,397	5,522	5,903	6,212	6,269	6,373	8,443	8,820	8,939	7,337
Retained Earnings	32.9%	654	492	306	200	-129	-626	-944	-1,137	-1,734	-1,822	-1,508	-1,690	-1,747	-1,893	-1,927	-1,996	-2,077	-339	-226	-179	-169
Additional Paid-In Capital	0.5%	3,073	3,059	3,062	3,046	3,146	3,702	3,768	3,834	4,126	4,269	4,300	4,331	4,362	4,840	4,912	4,949	4,992	5,221	5,457	5,688	5,926
Accumulated Depreciation	2.3%	10,701	10,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,328	4,899	4,680	4,486
Shares Outstanding	-0.2%	222	223	223	224	226	226	228	228	229	229	229	229	-	-	-	-	-	-	-	-	-
Minority Interest	0.2%	1,874	1,870	1,872	1,865	1,862	2,317	2,347	2,331	2,320	3,167	3,215	3,210	3,226	3,249	3,377	3,352	3,346	3,522	3,502	3,397	1,581
Float	-	-	-	-	16,812	-	-	-	13,380	-	-	-	10,012	-	-	-	4,608	-	-	-	8,974	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-8.5%	876	958	407	677	1,170	538	460	636	748	504	495	624	680	649	357	286	453	471	367	245	308
Share Based Compensation	-12.6%	15.00	17.00	16.00	15.00	15.00	16.00	15.00	14.00	14.00	15.00	15.00	15.00	15.00	17.00	16.00	16.00	17.00	11.00	16.00	16.00	17.00
Cashflow From Investing	6.8%	-677	-727	-599	-593	-480	-502	-3,896	445	-197	-173	-113	-95.90	-90.00	-84.10	-181	-270	-201	-451	-657	-893	-1,069
Cashflow From Financing	-0.8%	-230	-228	162	-125	-696	-9.30	3,475	-1,062	-573	-400	-361	-567	-584	-596	-96.10	-195	-206	-14.10	391	750	654
Buy Backs	204.3%	124	41.00	132	149	52.00	28.00	73.00	74.00	50.00	-	-	-	-	-	-	-	-	-	-	-	-

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TRGP Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenues:

Total revenues

$ 4,562.4

$ 4,520.5

Costs and expenses:

Product purchases and fuel

3,218.0

3,019.0

Operating expenses

278.0

258.2

Depreciation and amortization expense

340.5

324.8

General and administrative expense

86.5

82.4

Other operating (income) expense

(0.6)

Income (loss) from operations

639.4

836.7

Other income (expense):

Interest expense, net

(228.6)

(168.0)

Equity earnings (loss)

2.8

(0.2)

Other, net

1.7

(3.0)

Income (loss) before income taxes

415.3

665.5

Income tax (expense) benefit

(82.7)

(110.3)

Net income (loss)

332.6

555.2

Less: Net income (loss) attributable to noncontrolling interests

57.4

58.2

Net income (loss) attributable to Targa Resources Corp.

275.2

497.0

Premium on repurchase of noncontrolling interests, net of tax

^[1]

490.7

Net income (loss) attributable to common shareholders

$ 275.2

$ 6.3

Net income (loss) per common share - basic

$ 1.23

$ 0.03

Net income (loss) per common share - diluted

$ 1.22

$ 0.03

Weighted average shares outstanding - basic

222.8

226.4

Weighted average shares outstanding - diluted

223.7

229.3

Sales of Commodities [Member]

Revenues:

Total revenues

$ 3,953.0

$ 4,025.0

Fees from Midstream Services [Member]

Revenues:

Total revenues

$ 609.4

$ 495.5

[1]	Represents premium paid on the Grand Prix Transaction. See Note 4 – Acquisitions.

TRGP Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 109.9	$ 141.7
Trade receivables, net of allowances of $2.5 million and $2.5 million at March 31, 2024 and December 31, 2023	1,483.7	1,471.0
Inventories	224.5	371.5
Assets from risk management activities	72.6	111.9
Other current assets	82.3	98.5
Total current assets	1,973.0	2,194.6
Property, plant and equipment, net	16,282.8	15,806.4
Intangible assets, net	2,257.3	2,350.6
Long-term assets from risk management activities	17.1	33.3
Investments in unconsolidated affiliates	152.2	146.3
Other long-term assets	163.7	140.6
Total assets	20,846.1	20,671.8
Current liabilities:
Accounts payable	1,709.5	1,574.9
Accrued liabilities	295.9	281.7
Interest payable	186.2	229.6
Liabilities from risk management activities	76.8	54.0
Current debt obligations	546.1	620.7
Total current liabilities	2,814.5	2,760.9
Long-term debt	12,509.9	12,333.2
Long-term liabilities from risk management activities	39.8	16.8
Deferred income taxes, net	600.2	535.8
Other long-term liabilities	304.1	415.1
Contingencies (see Note 12)	0.0	0.0
Targa Resources Corp. stockholders' equity:
Common stock ($0.001 par value, 450,000,000 shares authorized as of March 31, 2024 and December 31, 2023)	0.2	0.2
Additional paid-in capital	3,073.4	3,058.8
Retained earnings (deficit)	654.1	492.0
Accumulated other comprehensive income (loss)	33.9	85.6
Treasury stock, at cost (19,109,620 shares as of March 31, 2024 and 17,484,440 shares as of December 31, 2023)	(1,057.7)	(896.9)
Total Targa Resources Corp. stockholders' equity	2,703.9	2,739.7
Noncontrolling interests	1,873.7	1,870.3
Total owners' equity	4,577.6	4,610.0
Total liabilities and owners' equity	$ 20,846.1	$ 20,671.8

About Targa Resources Corp

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.

CEO	Mr. Matthew J. Meloy
WEBSITE	targaresources.com
INDUSTRY	Oil - Midstream
EMPLOYEES	2850

Targa Resources Corp Frequently Asked Questions

What is the ticker symbol for Targa Resources Corp? What does TRGP stand for in stocks?

TRGP is the stock ticker symbol of Targa Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Targa Resources Corp (TRGP)?

As of Wed May 08 2024, market cap of Targa Resources Corp is 24.94 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TRGP stock?

You can check TRGP's fair value in chart for subscribers.

What is the fair value of TRGP stock?

You can check TRGP's fair value in chart for subscribers. The fair value of Targa Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Targa Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TRGP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Targa Resources Corp a good stock to buy?

The fair value guage provides a quick view whether TRGP is over valued or under valued. Whether Targa Resources Corp is cheap or expensive depends on the assumptions which impact Targa Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TRGP.

What is Targa Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, TRGP's PE ratio (Price to Earnings) is 22.19 and Price to Sales (PS) ratio is 1.55. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TRGP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Targa Resources Corp's stock?

In the past 10 years, Targa Resources Corp has provided 0.003 (multiply by 100 for percentage) rate of return.