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TRGP

68.66USD-0.99(-1.42%)Delayedas of 07 Dec 2022, 03:44 pm

Targa Resources Corp

Market Summary

USD68.66-0.99Delayedas of 07 Dec 2022, 03:44 pm
-1.42%

TRGP Alerts

TRGP Stock Price

RSI Chart

Valuation

Market Cap

15.2B

Price/Earnings

27.51

Price/Sales

0.73

Price/Cashflow

6.39

MarketCap/EBT

15.24

Price/Sales

Profitability

EBT Margin

4.77%

Return on Equity

26.72%

Return on Assets

3.61%

Fundamentals

Revenue

Revenue (TTM)

20.9B

Revenue Y/Y

77.28%

Revenue Q/Q

22.11%

Earnings

Earnings (TTM)

553.0M

Earnings Y/Y

961.21%

Earnings Q/Q

577.73%

Price Action

52 Week Range

46.5780.28
(Low)(High)

Last 7 days

-5.5%

Last 30 days

-1.0%

Last 90 days

2.7%

Trailing 12 Months

36.2%

Financial Health

Current Ratio

0.69

Debt/Equity

3.6

Debt/Cashflow

0.32

Investor Care

Dividend Yield

3.28%

Dividend/Share (TTM)

2.2

Buy Backs (1Y)

0.92%

Diluted EPS (TTM)

0.88

Peers (Alternatives to Targa Resources)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.0B
19.0B
-0.39% 21.97%
15.9
2.1
24.48% 43.39%
39.8B
11.3B
-0.21% 27.45%
25.4
3.7
19.34% 98.02%
38.7B
27.5B
-2.93% 57.62%
9.32
0.47
-57.72% -15.98%
28.8B
13.1B
-0.71% 51.39%
20.75
2.2
91.66% 28.14%
26.7B
22.8B
4.71% 11.03%
16.92
1.25
66.36% 16.93%
11.3B
2.5B
-20.37% 88.77%
54.02
5.54
201.33% 624.81%
MID-CAP
8.2B
13.9B
-1.53% 60.02%
9.89
0.59
79.42% 279.91%
5.6B
9.7B
2.88% 89.11%
31.57
0.63
72.11% 239.34%
3.5B
1.2B
-1.37% -13.00%
-2.69
2.82
-13.10% -707.44%
2.4B
957.2M
-13.89% 19.13%
15.09
2.78
47.01% -3.55%
SMALL-CAP
1.8B
-
-1.18% 21.29%
435.48
1.04
9.24% 5116.27%
635.9M
-
-24.83% 48.34%
-8.9
4.82
-44.56% -328.85%
582.1M
404.2M
19.84% 54.87%
15.22
1.44
-0.37% 2.52%
202.8M
383.1M
-3.73% -29.52%
-1.71
0.51
-3.70% -259.29%

Financials for Targa Resources

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue14.4%20,91618,27616,95014,08111,737
Operating Expenses4.1%790759747760753
  S&GA Expenses2.6%286279273266258
Earnings Before Taxes158.9%998386437879794
Net Income4220.3%5531371418306
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets0.3%15,33415,29515,20815,97315,412
  Current Assets13.9%2,1641,9011,7701,9931,318
    Cash Equivalents13.3%154136159229209
  Inventory107.4%2029815331766
  Net PPE1.9%11,87811,65311,66811,92211,997
  Goodwill-45----
  Current Liabilities8.3%3,1532,9102,2992,8682,102
  Long Term Debt2.9%7,4617,2496,5976,7876,976
Shareholder's Equity22.0%2,0701,6972,0122,1852,186
  Retained Earnings34.4%-1,137.90-1,734.30-1,822.30-1,508.70-1,690.90
  Additional Paid-In Capital-7.1%3,8344,1264,2694,3004,331
Accumulated Depreciation2.6%9,3429,1048,9288,4998,317
Shares Outstanding-0.5%227228228229229
Minority Interest0.5%2,3312,3203,1673,2153,210
Float-10,012----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations0.5%2,3832,3712,3032,4482,309
  Share Based Compensation-1.9%5758596163
Cashflow From Investing93.3%-38.90-580.20-473.20-383.70-451.90
Cashflow From Financing-26.0%-2,399.10-1,903.70-1,914.00-2,110.30-1,844.50
  Buy Backs24.5%24819940

Risks

What is the probability of a big loss on TRGP?

72.3%


Probability that Targa Resources stock will be more than 20% underwater in next one year

43.5%


Probability that Targa Resources stock will be more than 30% underwater in next one year.

20%


Probability that Targa Resources stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TRGP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Targa Resources was unfortunately bought at previous high price.

Returns

Cumulative Returns on TRGP

9.4%


10-Year Cumulative Returns

20.9%


7-Year Cumulative Returns

14.5%


5-Year Cumulative Returns

28.0%


3-Year Cumulative Returns

What are the long-term rolling returns for TRGP?

FIve years rolling returns for Targa Resources.

Which funds bought or sold TRGP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
AWM CAPITAL, LLC
-
-
63,000
361,000
0.12%
2022-11-23
Toroso Investments, LLC
ADDED
3.67
25,000
543,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
7,736,000
7,736,000
0.09%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
48.19
246,000
741,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
1,000
2,000
-%
2022-11-21
FourThought Financial, LLC
-
-
5,000
90,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-51,000
23,705,000
0.04%
2022-11-21
Ninepoint Partners LP
-
-
-76,000
782,000
0.10%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
29.17
247,000
1,054,000
-%
2022-11-18
National Pension Service
NEW
-
20,579,000
20,579,000
0.04%

1–10 of 44

Latest Funds Activity

Are funds buying TRGP calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own TRGP

Targa Resources News

MarketWatch

The oil rally has fizzled. These investors expect more gains for energy stocks.3 hours ago

TRGP Fair Value

Recent SEC filings of Targa Resources

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 22, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 04, 2022
4
Insider Trading
Nov 03, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 20, 2022
4
Insider Trading

Latest Insider Trading transactions for TRGP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-16
Chung Paul W
GIFTED
-
-
-6,643
-
2022-11-14
CRISP CHARLES R
GIFTED
-
-
-525
-
2022-11-10
CRISP CHARLES R
GIFTED
-
-
-3,538
-
2022-11-09
Boushka Julie H.
SOLD
-147,835
70.87
-2,086
Senior VP and CAO
2022-11-08
JOYCE RENE R
GIFTED
-
-
-4,039
-
2022-11-08
Kneale Jennifer R.
GIFTED
-
-
-7,649
Chief Financial Officer
2022-11-04
MELOY MATTHEW J
GIFTED
-
-
-9,504
Chief Executive Officer
2022-11-02
Perkins Joe Bob
SOLD
-4,843,480
67.8387
-71,397
-
2022-11-02
Perkins Joe Bob
SOLD
-4,228,230
67.8406
-62,326
-
2022-10-11
Boushka Julie H.
GIFTED
-
-
-500
Senior VP and CAO

1–10 of 50

Matthew J. Meloy
2430
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company 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, purchasing, storing, terminaling, and selling crude oil. It 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, 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. It operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, the company leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.

TRGP Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Total revenues$ 5,360.1$ 4,459.7$ 16,375.0$ 11,508.2
Costs and expenses:    
Product purchases and fuel4,306.33,614.713,557.89,159.8
Operating expenses261.3189.4660.6545.3
Depreciation and amortization expense287.2222.8766.2650.9
General and administrative expense79.167.3217.2192.4
Other operating (income) expense(3.8)(1.0)(4.4)3.4
Income (loss) from operations430.0366.51,177.6956.4
Other income (expense):    
Interest expense, net(125.8)(91.0)(300.5)(284.2)
Equity earnings (loss)1.714.38.738.9
Gain (loss) from financing activities  (49.6)(16.6)
Gain (loss) from sale of equity method investment  435.9 
Other, net(14.6)0.2(14.6)0.3
Income (loss) before income taxes291.3290.01,257.5694.8
Income tax (expense) benefit(12.0)(2.0)(122.0)(23.5)
Net income (loss)279.3288.01,135.5671.3
Less: Net income (loss) attributable to noncontrolling interests86.2105.8258.0286.5
Net income (loss) attributable to Targa Resources Corp.193.1182.2877.5384.8
Premium on repurchase of noncontrolling interests, net of tax  53.1 
Dividends on Series A Preferred Stock 21.830.065.5
Deemed dividends on Series A Preferred Stock  215.5 
Net income (loss) attributable to common shareholders$ 193.1$ 160.4$ 578.9$ 319.3
Net income (loss) per common share - basic$ 0.85$ 0.70$ 2.54$ 1.40
Net income (loss) per common share - diluted$ 0.84$ 0.66$ 2.50$ 1.38
Weighted average shares outstanding - basic226.6228.8227.6228.6
Weighted average shares outstanding - diluted230.3276.4231.5231.6
Sales of Commodities [Member]    
Revenues:    
Total revenues$ 4,800.3$ 4,118.1$ 14,990.7$ 10,577.3
Fees from Midstream Services [Member]    
Revenues:    
Total revenues$ 559.8$ 341.6$ 1,384.3$ 930.9

TRGP Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 192.9$ 158.5
Trade receivables, net of allowances of $2.2 million and $0.1 million at September 30, 2022 and December 31, 20211,534.91,331.9
Inventories471.3153.4
Assets from risk management activities185.843.1
Other current assets112.482.9
Total current assets2,497.31,769.8
Property, plant and equipment, net13,716.411,667.7
Intangible assets, net2,839.71,094.8
Long-term assets from risk management activities50.27.7
Investments in unconsolidated affiliates136.4586.5
Other long-term assets149.981.7
Total assets19,389.915,208.2
Current liabilities:  
Accounts payable1,806.41,402.3
Accrued liabilities293.7272.2
Distributions payable25.264.5
Interest payable100.9138.5
Liabilities from risk management activities401.0258.2
Current debt obligations766.5162.8
Total current liabilities3,393.72,298.5
Long-term debt10,431.36,434.4
Long-term liabilities from risk management activities165.1109.3
Deferred income taxes, net301.4136.0
Other long-term liabilities367.0301.6
Contingencies (see Note 14)0.00.0
Targa Resources Corp. stockholders' equity:  
Common stock ($0.001 par value, 450,000,000 shares authorized as of September 30, 2022 and December 31, 2021)0.20.2
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)0.00.0
Additional paid-in capital3,767.84,268.9
Retained earnings (deficit)(944.8)(1,822.3)
Accumulated other comprehensive income (loss)(6.7)(230.9)
Treasury stock, at cost (11,426,758 shares as of September 30, 2022 and 7,884,171 shares as of December 31, 2021)(432.0)(204.1)
Total Targa Resources Corp. stockholders' equity2,384.52,011.8
Noncontrolling interests2,346.93,166.9
Total owners' equity4,731.45,178.7
Total liabilities, Series A Preferred Stock and owners' equity19,389.915,208.2
Series A Preferred Stock  
Current liabilities:  
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero and 919,300 shares issued and outstanding as of September 30, 2022 and December 31, 2021), net of discount (see Note 9)$ 0.0$ 749.7