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TRGP

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

112.22USD-1.85 (-1.62%)Market Closed

Market Summary

TRGP
USD112.22-1.85
Market Closed
-1.62%

TRGP Stock Price

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TRGP RSI Chart

TRGP Valuation

Market Cap

25.0B

Price/Earnings (Trailing)

18.61

Price/Sales (Trailing)

1.56

EV/EBITDA

11.38

Price/Free Cashflow

30.31

TRGP Price/Sales (Trailing)

TRGP Profitability

EBT Margin

12.09%

Return on Equity

49.13%

Return on Assets

6.51%

Free Cashflow Yield

3.3%

TRGP Fundamentals

TRGP Revenue

Revenue (TTM)

16.1B

Rev. Growth (Yr)

-6.92%

Rev. Growth (Qtr)

8.8%

TRGP Earnings

Earnings (TTM)

1.3B

Earnings Growth (Yr)

-5.79%

Earnings Growth (Qtr)

36.18%

Breaking Down TRGP Revenue

Last 7 days

-2.1%

Last 30 days

4.5%

Last 90 days

35.9%

Trailing 12 Months

46.0%

How does TRGP drawdown profile look like?

TRGP Financial Health

Current Ratio

0.79

Debt/Equity

4.5

Debt/Cashflow

0.26

TRGP Investor Care

Dividend Yield

1.65%

Dividend/Share (TTM)

1.85

Buy Backs (1Y)

1.28%

Diluted EPS (TTM)

3.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202320.5B17.8B16.4B16.1B
202218.3B20.9B21.8B20.9B
20219.8B11.7B14.1B16.9B
20208.4B7.9B8.2B8.3B
201910.3B9.9B8.8B8.7B
20189.2B9.7B10.6B10.5B
20177.4B7.6B8.1B8.8B
20166.4B6.3B6.3B6.7B
20158.0B7.7B7.0B6.7B
20147.2B7.9B8.7B8.6B
20135.6B5.7B5.7B6.3B
20127.0B6.6B6.3B5.9B
20115.6B6.1B6.6B7.0B
20104.8B5.0B5.2B5.5B
20090004.5B

Tracking the Latest Insider Buys and Sells of Targa Resources Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Which funds bought or sold TRGP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 16, 2024
Berger Financial Group, Inc
new
-
6,258,570
6,258,570
0.52%
Apr 16, 2024
Register Financial Advisors LLC
new
-
44,796
44,796
0.02%
Apr 16, 2024
Arlington Trust Co LLC
unchanged
-
39,815
177,504
0.05%
Apr 16, 2024
OneAscent Financial Services LLC
reduced
-13.04
47,000
434,000
0.05%
Apr 16, 2024
Jessup Wealth Management, Inc
sold off
-100
-5,939,680
-
-%
Apr 16, 2024
MCF Advisors LLC
added
0.58
13,310
58,179
-%
Apr 16, 2024
HENNESSY ADVISORS INC
unchanged
-
399,408
1,780,640
0.07%
Apr 16, 2024
Stratos Wealth Partners, LTD.
reduced
-4.21
79,960
420,575
0.01%
Apr 16, 2024
Chesley Taft & Associates LLC
new
-
250,298
250,298
0.01%
Apr 16, 2024
OneAscent Wealth Management LLC
reduced
-20.45
7,000
300,000
0.12%

1–10 of 46

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

Unveiling Targa Resources Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 21, 2024
ARS
ARS
Mar 21, 2024
DEF 14A
DEF 14A
Mar 21, 2024
DEFA14A
DEFA14A
Mar 20, 2024
4
Insider Trading
Mar 20, 2024
4
Insider Trading
Mar 15, 2024
3
Insider Trading
Mar 14, 2024
8-K
Current Report
Mar 06, 2024
3
Insider Trading
Mar 06, 2024
4
Insider Trading
Mar 05, 2024
144
Notice of Insider Sale Intent

Peers (Alternatives to Targa Resources Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
70.8B
43.6B
-6.17% -16.57%
11.44
1.62
-18.12% 106.16%
61.6B
49.7B
-1.32% 5.11%
11.13
1.24
-14.56% 0.77%
51.3B
78.6B
-2.19% 17.89%
13.03
0.65
-12.56% -17.26%
39.4B
15.3B
0.68% 0.34%
16.49
2.57
-20.14% -6.16%
36.8B
20.3B
-2.40% 4.19%
3.72
1.81
-39.46% 591.95%
12.2B
48.7B
1.76% 32.60%
9.9
0.25
-15.05% 18.61%
MID-CAP
6.5B
1.0B
1.79% 30.00%
17.61
6.29
13.24% 13.96%
6.1B
6.9B
3.95% 29.51%
29.52
0.88
-27.69% -42.93%
5.3B
1.4B
10.94% 159.19%
11.95
3.82
2.66% 265.30%
2.8B
1.3B
-1.61% 22.11%
11.52
2.06
5.76% 9.36%
2.6B
1.1B
0.84% 25.18%
4.64
2.41
23.95% 43.45%
SMALL-CAP
1.5B
16.5B
-1.12% 49.52%
10.08
0.09
-12.64% -57.90%
1.4B
3.2B
10.21% 6.71%
12.25
0.45
13.91% 56.01%
286.4M
82.4M
-4.55% -4.48%
7.48
3.48
5.74% -6.51%
104.5M
798.0M
5.51% 5.93%
-22.98
0.13
-21.68% 55.98%

Targa Resources Corp News

Latest updates
Yahoo Movies Canada16 Apr 202409:11 am
Yahoo Finance15 Apr 202412:59 pm
Simply Wall St15 Apr 202410:15 am
Simply Wall St07 Apr 202407:00 am

Targa Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue8.8%4,2403,8973,4044,5214,5555,3606,0564,9595,4424,4603,4163,6332,5732,1151,5242,0492,4741,9031,9952,2992,598
Operating Expenses-3.0%269278273258252261216184202189185171192162164181103200210190183
  S&GA Expenses5.9%95.0090.0081.0082.0093.0079.0071.0067.0081.0067.0064.0061.0074.0059.0062.0061.0057.0070.0073.0081.0080.00
EBITDA Margin4.1%0.20*0.20*0.18*0.16*0.13*0.09*0.09*0.07*0.08*0.13*0.14*----------
Income Taxes90.3%10354.0096.0011010.0012.0087.0023.00-8.752.007.0015.0039.0032.00-23.20-295-77.90-3.80-3.30-2.90-32.25
Earnings Before Taxes38.2%460333484666406291775192-257290162243185204154-2,115-93.0028.0046.00-27.60-120
EBT Margin4.9%0.12*0.12*0.10*0.10*0.08*0.05*0.05*0.02*0.03*0.06*0.07*----------
Net Income36.2%30022032949731819359688.00-31318256.0014634.0069.0081.00-1,737-15.10-47.30-10.20-38.90-88.40
Net Income Margin0.6%0.08*0.08*0.07*0.08*0.06*0.00*0.00*0.00*0.00*0.03*0.03*----------
Free Cashflow228.9%238-18479.0069419.0064.00420544321373521----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets2.4%20,67220,19019,46219,02619,56019,39015,33415,29515,20815,97315,41215,64815,87616,05215,96516,02718,81518,91918,31817,56916,938
  Current Assets2.6%2,1952,1391,7291,6392,3572,4972,1641,9011,7701,9931,3181,4091,4601,4441,2251,2141,6581,4761,2121,1811,419
    Cash Equivalents1.6%142140169212219193154136159229209249243275196375331326227125232
  Inventory-30.7%37253631215639447120298.0015331766.0052.00182262219100162211205198165
  Net PPE3.1%15,80615,33414,89014,47014,21513,71611,87811,65311,66811,92211,99712,06112,17412,29312,41712,41214,54914,69714,36913,70312,928
  Goodwill-----------------45.0047.0047.0047.0047.00
  Current Liabilities2.9%2,7612,6822,3212,4673,0673,3943,1532,9102,2992,8682,1021,7651,7791,3811,3201,1961,8731,6691,6582,0422,799
  Long Term Debt0.1%12,33312,31811,81311,44010,70210,4317,0466,9656,4346,4346,6047,0917,3877,6527,5807,6407,4407,2806,6397,1195,632
    LT Debt, Non Current-------------555---4357,2806,6397,119435
Shareholder's Equity9.3%2,7402,5064,5404,4122,6664,7314,4014,0175,1795,4005,3975,5225,9036,2126,2696,3738,4438,8208,9397,3377,471
  Retained Earnings61.0%492306200-129-626-944-1,137-1,734-1,822-1,508-1,690-1,747-1,893-1,927-1,996-2,077-339-226-179-169-130
  Additional Paid-In Capital-0.1%3,0593,0623,0463,1463,7023,7683,8344,1264,2694,3004,3314,3624,8404,9124,9494,9925,2215,4575,6885,9266,155
Accumulated Depreciation-----------------5,3284,8994,6804,4864,292
Shares Outstanding-0.2%223223224226226228228229229229229229---------
Minority Interest-0.1%1,8701,8721,8651,8622,3172,3472,3312,3203,1673,2153,2103,2263,2493,3773,3523,3463,5223,5023,3971,5811,391
Float---16,812---13,380---10,012---4,608---8,974--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations135.1%9584076771,170538460636748504495624680649357286453471367245308229
  Share Based Compensation6.4%17.0016.0015.0015.0016.0015.0014.0014.0015.0015.0015.0015.0017.0016.0016.0017.0011.0016.0016.0017.0016.00
Cashflow From Investing-21.3%-727-599-593-480-502-3,896445-197-173-113-95.90-90.00-84.10-181-270-201-451-657-893-1,069-954
Cashflow From Financing-241.0%-228162-125-696-9.303,475-1,062-573-400-361-567-584-596-96.10-195-206-14.10391750654754
  Buy Backs-69.2%41.0013214952.0028.0073.0074.0050.00-------------

TRGP Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Total revenues$ 16,060.3$ 20,929.8$ 16,949.8
Costs and expenses:   
Product purchases and fuel10,676.416,882.113,729.5
Operating expenses1,077.9912.8747.0
Depreciation and amortization expense1,329.61,096.0870.6
General and administrative expense348.7309.7273.2
Impairment of long-lived assets  452.3
Other operating (income) expense1.50.212.4
Income (loss) from operations2,626.21,729.0864.8
Other income (expense):   
Interest expense, net(687.8)(446.1)(387.9)
Equity earnings (loss)9.09.1(23.9)
Gain (loss) from financing activities(2.1)(49.6)(16.6)
Gain (loss) from sale of equity-method investment 435.9 
Other, net(2.8)(15.1)0.5
Income (loss) before income taxes1,942.51,663.2436.9
Income tax (expense) benefit(363.2)(131.8)(14.8)
Net income (loss)1,579.31,531.4422.1
Less: Net income (loss) attributable to noncontrolling interests233.4335.9350.9
Net income (loss) attributable to Targa Resources Corp.1,345.91,195.571.2
Premium on repurchase of noncontrolling interests, net of tax[1]510.153.2 
Dividends on Series A Preferred Stock 30.087.3
Deemed dividends on Series A Preferred Stock 215.5 
Net income (loss) attributable to common shareholders$ 835.8$ 896.8$ (16.1)
Net income (loss) per common share - basic$ 3.69$ 3.95$ (0.07)
Net income (loss) per common share - diluted$ 3.66$ 3.88$ (0.07)
Weighted average shares outstanding - basic224.6227.3228.6
Weighted average shares outstanding - diluted226.0231.1228.6
Sales of Commodities [Member]   
Revenues:   
Total revenues$ 13,962.1$ 19,066.0$ 15,602.5
Fees from Midstream Services [Member]   
Revenues:   
Total revenues$ 2,098.2$ 1,863.8$ 1,347.3
[1]Represents premium paid on the Grand Prix Transaction, Carnero Acquisition and the DevCo JV Repurchase. See Note 4 – Acquisitions and Divestitures

TRGP Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 141.7$ 219.0
Trade receivables, net of allowances of $2.5 million and $2.2 million at December 31, 2023 and December 31, 20221,471.01,408.4
Inventories371.5393.8
Assets from risk management activities111.9179.9
Other current assets98.5155.5
Total current assets2,194.62,356.6
Property, plant and equipment, net15,806.414,214.6
Intangible assets, net2,350.62,734.6
Long-term assets from risk management activities33.324.5
Investments in unconsolidated affiliates146.3131.3
Other long-term assets140.698.4
Total assets20,671.819,560.0
Current liabilities:  
Accounts payable1,574.91,448.8
Accrued liabilities281.7289.5
Interest payable229.6174.0
Liabilities from risk management activities54.0320.1
Current debt obligations620.7834.3
Total current liabilities2,760.93,066.7
Long-term debt12,333.210,702.1
Long-term liabilities from risk management activities16.8140.1
Deferred income taxes, net535.8327.7
Other long-term liabilities415.1341.2
Commitments and Contingencies (see Notes 17 and 18)0.00.0
Targa Resources Corp. stockholders' equity:  
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2023 and December 31, 2022)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 capital3,058.83,702.3
Retained earnings (deficit)492.0(626.8)
Accumulated other comprehensive income (loss)85.654.7
Treasury stock, at cost (17,484,440 shares as of December 31, 2023 and 11,896,829 shares as of December 31, 2022)(896.9)(464.7)
Total Targa Resources Corp. stockholders' equity2,739.72,665.7
Noncontrolling interests1,870.32,316.5
Total owners' equity4,610.04,982.2
Total liabilities, Series A Preferred Stock and owners' equity20,671.819,560.0
Series A Preferred Stock [Member]  
Current liabilities:  
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero shares issued and outstanding as of December 31, 2023 and December 31, 2022), net of discount$ 0.0$ 0.0
TRGP
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
 WEBSITEtargaresources.com
 INDUSTRYOil - Midstream
 EMPLOYEES2850

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 Apr 17 2024, market cap of Targa Resources Corp is 25.04 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 Apr 17 2024, TRGP's PE ratio (Price to Earnings) is 18.61 and Price to Sales (PS) ratio is 1.56. 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 0.005 (multiply by 100 for percentage) rate of return.