Last 7 days
-10.9%
Last 30 days
-11.1%
Last 90 days
-4.2%
Trailing 12 Months
6.5%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
ET | 40.6B | 89.9B | -7.80% | 29.98% | 8.97 | 1.48 | 33.31% | -13.05% |
KMI | 37.2B | 19.2B | -9.84% | 0.22% | 14.6 | 1.94 | 15.59% | 42.83% |
WMB | 35.1B | 11.0B | -9.53% | -6.22% | 17.15 | 3.2 | 3.18% | 35.07% |
CQP | 28.8B | 17.2B | -15.82% | -1.16% | 20.75 | 2.2 | 82.38% | 53.25% |
OKE | 27.3B | 22.4B | -12.90% | -0.85% | 15.84 | 1.22 | 35.35% | 14.84% |
MID-CAP | ||||||||
DCP | 8.2B | 15.0B | 0.07% | 47.53% | 9.89 | 0.59 | 40.03% | 169.05% |
NFE | 6.0B | 2.4B | -28.31% | 1.19% | 30.82 | 2.53 | 79.03% | 100.28% |
ENLC | 5.0B | 9.5B | -17.92% | 24.51% | 13.71 | 0.52 | 42.72% | 1512.95% |
ETRN | 2.4B | 1.4B | -18.81% | -20.26% | -8.76 | 1.74 | 3.09% | 80.92% |
DKL | 2.3B | 1.0B | 8.06% | 34.17% | 14.33 | 2.2 | 47.87% | -3.50% |
SMALL-CAP | ||||||||
NS | 1.7B | 226.0M | -11.30% | 11.36% | 7.7 | 7.59 | 436.62% | 482.73% |
VTNR | 592.5M | 2.8B | -5.10% | -10.81% | -122.87 | 0.21 | 2311.20% | 73.74% |
RTLR | 582.1M | 404.2M | 19.84% | 54.87% | 15.22 | 1.44 | -0.37% | 17.85% |
SMLP | 202.8M | 369.6M | -3.26% | 12.60% | -1.71 | 0.51 | -7.74% | -284.00% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | -4.1% | 20,930 | 21,817 | 20,916 | 18,276 | 16,950 |
Operating Expenses | 5.9% | 913 | 862 | 790 | 759 | 747 |
S&GA Expenses | 3.9% | 310 | 298 | 286 | 279 | 273 |
EBITDA | 39.0% | 2,759 | 1,986 | 1,920 | 1,249 | - |
EBITDA Margin | 44.9% | 0.13* | 0.09* | 0.09* | 0.07* | - |
Earnings Before Taxes | 66.4% | 1,663 | 1,000 | 998 | 386 | 437 |
EBT Margin | 73.4% | 0.08* | 0.05* | 0.05* | 0.02* | - |
Net Income | 112.0% | 1,196 | 564 | 553 | 13.00 | 71.00 |
Net Income Margin | 121.0% | 0.06* | 0.03* | 0.03* | 0.00* | - |
Free Cahsflow | -22.4% | 1,047 | 1,349 | 1,657 | 1,758 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 0.9% | 19,560 | 19,390 | 15,334 | 15,295 | 15,208 |
Current Assets | -5.6% | 2,357 | 2,497 | 2,164 | 1,901 | 1,770 |
Cash Equivalents | 13.5% | 219 | 193 | 154 | 136 | 159 |
Inventory | -16.4% | 394 | 471 | 202 | 98.00 | 153 |
Net PPE | 3.6% | 14,215 | 13,716 | 11,878 | 11,653 | 11,668 |
Current Liabilities | -9.6% | 3,067 | 3,394 | 3,153 | 2,910 | 2,299 |
Long Term Debt | 2.6% | 10,702 | 10,431 | 7,046 | 6,965 | 6,434 |
LT Debt, Non Current | - | - | - | - | - | - |
Shareholder's Equity | 11.8% | 2,666 | 2,385 | 4,401 | 4,017 | 2,012 |
Retained Earnings | 33.7% | -626 | -944 | -1,137 | -1,734 | -1,822 |
Additional Paid-In Capital | -1.7% | 3,702 | 3,768 | 3,834 | 4,126 | 4,269 |
Shares Outstanding | -0.1% | 226 | 226 | 227 | 228 | 228 |
Minority Interest | -1.3% | 2,317 | 2,347 | 2,331 | 2,320 | 3,167 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 1.4% | 2,381 | 2,347 | 2,383 | 2,371 | 2,303 |
Share Based Compensation | 2.0% | 58.00 | 56.00 | 57.00 | 58.00 | 59.00 |
Cashflow From Investing | -8.6% | -4,149 | -3,821 | -38.90 | -580 | -473 |
Cashflow From Financing | 27.2% | 1,829 | 1,438 | -2,399 | -1,903 | -1,914 |
Buy Backs | -14.3% | 225 | 262 | 248 | 199 | 40.00 |
72.3%
43.5%
20%
Y-axis is the maximum loss one would have experienced if Targa Resources was unfortunately bought at previous high price.
6.3%
18.6%
12.2%
79.1%
FIve years rolling returns for Targa Resources.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -8.85 | 81,601 | 822,601 | 0.02% |
2023-03-14 | AWM CAPITAL, LLC | unchanged | - | 6,500 | 367,500 | 0.12% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 24.68 | 4,468,810 | 13,083,800 | 0.01% |
2023-03-10 | MATHER GROUP, LLC. | new | - | 231,672 | 231,672 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 1.49 | 337,000 | 1,757,000 | 0.01% |
2023-02-28 | Voya Investment Management LLC | reduced | -9.2 | 2,020,520 | 21,087,500 | 0.03% |
2023-02-24 | National Pension Service | reduced | -2.74 | 3,617,310 | 24,196,000 | 0.05% |
2023-02-24 | NATIXIS | new | - | 2,250,200 | 2,250,200 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | 769 | 1,769 | -% |
2023-02-23 | Heritage Wealth Management, Inc./Texas | new | - | 358,461 | 358,461 | 0.36% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | |
Feb 16, 2021 | price t rowe associates inc /md/ | 7.2% | 17,250,268 | SC 13G/A | |
Feb 12, 2021 | tortoise capital advisors, l.l.c. | 4.1% | 9,455,047 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 10.16% | 23,264,742 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 17.41 -74.47% | 25.55 -62.54% | 70.85 3.89% | 190.04 178.65% | 301.68 342.35% |
Current Inflation | 16.01 -76.52% | 23.12 -66.10% | 62.58 -8.24% | 164.70 141.50% | 259.88 281.06% |
Very High Inflation | 14.27 -79.08% | 20.16 -70.44% | 52.80 -22.58% | 135.27 98.34% | 211.64 210.32% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 8-K | Current Report | |
Mar 01, 2023 | 4 | Insider Trading | |
Mar 01, 2023 | 4 | Insider Trading | |
Mar 01, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-02 | Pryor D. Scott | sold | -1,522,280 | 76.1138 | -20,000 | see remarks |
2023-03-02 | CRISP CHARLES R | gifted | - | - | -35.00 | - |
2023-03-01 | Chung Paul W | sold | -1,376,370 | 75.4342 | -18,246 | - |
2023-03-01 | Boushka Julie H. | sold (taxes) | -108,027 | 76.29 | -1,416 | senior vp and cao |
2023-03-01 | Cooksen Lindsey | sold | -25,362 | 75.71 | -335 | - |
2023-02-28 | Chung Paul W | sold | -542,920 | 75.5 | -7,191 | - |
2023-02-27 | JOYCE RENE R | sold | -377,854 | 75.5709 | -5,000 | - |
2023-02-27 | Chung Paul W | sold | -313,054 | 75.6718 | -4,137 | - |
2023-02-27 | MELOY MATTHEW J | gifted | - | - | -42,915 | chief executive officer |
2023-02-27 | Kneale Jennifer R. | sold | -2,126,220 | 75.2858 | -28,242 | chief financial officer |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
Revenues: | |||||
Total revenues | $ 20,929.8 | $ 16,949.8 | $ 8,260.3 | ||
Costs and expenses: | |||||
Product purchases and fuel | 16,882.1 | 13,729.5 | 5,186.5 | ||
Operating expenses | 912.8 | 747.0 | 698.4 | ||
Depreciation and amortization expense | 1,096.0 | 870.6 | 865.1 | ||
General and administrative expense | 309.7 | 273.2 | 254.6 | ||
Impairment of long-lived assets | 452.3 | 2,442.8 | |||
Other operating (income) expense | 0.2 | 12.4 | 116.6 | ||
Income (loss) from operations | 1,729.0 | 864.8 | (1,303.7) | ||
Other income (expense): | |||||
Interest expense, net | (446.1) | (387.9) | (391.3) | ||
Equity earnings (loss) | 9.1 | (23.9) | 72.6 | ||
Gain (loss) from financing activities | (49.6) | (16.6) | 45.6 | ||
Gain (loss) from sale of equity-method investment | 435.9 | ||||
Other, net | (15.1) | 0.5 | 3.7 | ||
Income (loss) before income taxes | 1,663.2 | 436.9 | (1,573.1) | ||
Income tax (expense) benefit | (131.8) | (14.8) | 248.1 | ||
Net income (loss) | 1,531.4 | 422.1 | (1,325.0) | ||
Less: Net income (loss) attributable to noncontrolling interests | 335.9 | 350.9 | 228.9 | ||
Net income (loss) attributable to Targa Resources Corp. | 1,195.5 | 71.2 | (1,553.9) | ||
Premium on repurchase of noncontrolling interests, net of tax | [1] | 53.2 | |||
Dividends on Series A Preferred Stock | 30.0 | 87.3 | 91.7 | ||
Deemed dividends on Series A Preferred Stock | 215.5 | 39.2 | |||
Net income (loss) attributable to common shareholders | $ 896.8 | $ (16.1) | $ (1,684.8) | ||
Net income (loss) per common share - basic | $ 3.95 | $ (0.07) | $ (7.26) | ||
Net income (loss) per common share - diluted | $ 3.88 | $ (0.07) | $ (7.26) | ||
Weighted average shares outstanding - basic | 227.3 | 228.6 | 232.2 | ||
Weighted average shares outstanding - diluted | 231.1 | 228.6 | 232.2 | ||
Sales of Commodities [Member] | |||||
Revenues: | |||||
Total revenues | $ 19,066.0 | $ 15,602.5 | $ 7,171.0 | ||
Fees from Midstream Services [Member] | |||||
Revenues: | |||||
Total revenues | $ 1,863.8 | $ 1,347.3 | $ 1,089.3 | ||
|
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 219.0 | $ 158.5 |
Trade receivables, net of allowances of $2.2 million and $0.1 million at December 31, 2022 and December 31, 2021 | 1,408.4 | 1,331.9 |
Inventories | 393.8 | 153.4 |
Assets from risk management activities | 179.9 | 43.1 |
Other current assets | 155.5 | 82.9 |
Total current assets | 2,356.6 | 1,769.8 |
Property, plant and equipment, net | 14,214.6 | 11,667.7 |
Intangible assets, net | 2,734.6 | 1,094.8 |
Long-term assets from risk management activities | 24.5 | 7.7 |
Investments in unconsolidated affiliates | 131.3 | 586.5 |
Other long-term assets | 98.4 | 81.7 |
Total assets | 19,560.0 | 15,208.2 |
Current liabilities: | ||
Accounts payable | 1,448.8 | 1,402.3 |
Accrued liabilities | 273.3 | 272.2 |
Distributions payable | 16.2 | 64.5 |
Interest payable | 174.0 | 138.5 |
Liabilities from risk management activities | 320.1 | 258.2 |
Current debt obligations | 834.3 | 162.8 |
Total current liabilities | 3,066.7 | 2,298.5 |
Long-term debt | 10,702.1 | 6,434.4 |
Long-term liabilities from risk management activities | 140.1 | 109.3 |
Deferred income taxes, net | 327.7 | 136.0 |
Other long-term liabilities | 341.2 | 301.6 |
Commitments and Contingencies (see Notes 17 and 18) | ||
Targa Resources Corp. stockholders' equity: | ||
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2022 and December 31, 2021) | 0.2 | 0.2 |
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding) | 0.0 | 0.0 |
Additional paid-in capital | 3,702.3 | 4,268.9 |
Retained earnings (deficit) | (626.8) | (1,822.3) |
Accumulated other comprehensive income (loss) | 54.7 | (230.9) |
Treasury stock, at cost (11,896,829 shares as of December 31, 2022 and 7,884,171 shares as of December 31, 2021) | (464.7) | (204.1) |
Total Targa Resources Corp. stockholders' equity | 2,665.7 | 2,011.8 |
Noncontrolling interests | 2,316.5 | 3,166.9 |
Total owners' equity | 4,982.2 | 5,178.7 |
Total liabilities, Series A Preferred Stock and owners' equity | 19,560.0 | 15,208.2 |
Series A Preferred Stock | ||
Current liabilities: | ||
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero and 919,300 shares issued and outstanding as of December 31, 2022 and December 31, 2021), net of discount (see Note 11) | $ 0.0 | $ 749.7 |