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Targa Resources Corp Stock Research

TRGP

85.43USD+0.28(+0.33%)Market Closed
Watchlist

Market Summary

USD85.43+0.28
Market Closed
0.33%

TRGP Alerts

  • 1 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)

TRGP Stock Price

TRGP RSI Chart

TRGP Valuation

Market Cap

19.1B

Price/Earnings (Trailing)

14.31

Price/Sales (Trailing)

1.07

EV/EBITDA

9.87

Price/Free Cashflow

22.38

TRGP Price/Sales (Trailing)

TRGP Profitability

EBT Margin

10.43%

Return on Equity

62.9%

Return on Assets

8.43%

Free Cashflow Yield

4.47%

TRGP Fundamentals

TRGP Revenue

Revenue (TTM)

17.8B

Revenue Y/Y

-43.79%

Revenue Q/Q

-24.71%

TRGP Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-44.79%

Earnings Q/Q

-33.74%

Price Action

52 Week Range

56.9487.86
(Low)(High)

Last 7 days

0.8%

Last 30 days

1.1%

Last 90 days

20.0%

Trailing 12 Months

25.3%

TRGP Financial Health

Current Ratio

0.66

Debt/Equity

4.48

Debt/Cashflow

0.24

TRGP Investor Care

Dividend Yield

1.81%

Dividend/Share (TTM)

1.55

Buy Backs (1Y)

1.65%

Diluted EPS (TTM)

3.69

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for TRGP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-05
Muraro Robert
sold
-218,060
87.2242
-2,500
chief commercial officer
2023-08-11
White G Clark
sold
-218,321
84.719
-2,577
evp - operations
2023-08-10
MELOY MATTHEW J
gifted
-
-
-10,241
chief executive officer
2023-08-10
Pryor D. Scott
sold
-1,004,800
84.4298
-11,901
see remarks
2023-08-10
Gregory Regina
sold
-153,856
84.5825
-1,819
see remarks
2023-08-09
Chung Paul W
sold
-461,615
83.93
-5,500
-
2023-08-08
CRISP CHARLES R
sold
-287,765
82.2185
-3,500
-
2023-08-08
CRISP CHARLES R
gifted
-
-
-1,500
-
2023-08-08
Chung Paul W
sold
-1,021,630
82.31
-12,412
-
2023-08-08
Boushka Julie H.
sold
-80,808
80.8084
-1,000
senior vp and cao

1–10 of 50

Which funds bought or sold TRGP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-13
AWM CAPITAL, LLC
unchanged
-
15,750
380,500
0.09%
2023-09-12
Farther Finance Advisors, LLC
added
2.65
585
8,828
-%
2023-09-12
Prosperity Wealth Management, Inc.
reduced
-13.22
-100,724
962,741
0.62%
2023-08-28
Lavaca Capital LLC
unchanged
-
88,830
2,146,020
0.63%
2023-08-24
Alberta Investment Management Corp
reduced
-48.98
-7,731,660
8,796,480
0.09%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
157
3,805
-%
2023-08-23
WOLVERINE TRADING, LLC
new
-
290,762
290,762
-%
2023-08-22
COMERICA BANK
new
-
13,000
13,000
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
5.5
870,000
9,513,000
0.09%
2023-08-21
Principal Street Partners, LLC
reduced
-7.95
-13,541
326,698
0.08%

1–10 of 47

Latest Funds Activity

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

Schedule 13G FIlings of Targa Resources

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of Targa Resources

View All Filings
Date Filed Form Type Document
Sep 07, 2023
4
Insider Trading
Sep 05, 2023
144
Notice of Insider Sale Intent
Aug 31, 2023
8-K
Current Report
Aug 11, 2023
144
Notice of Insider Sale Intent
Aug 11, 2023
144
Notice of Insider Sale Intent
Aug 11, 2023
4
Insider Trading
Aug 11, 2023
4
Insider Trading
Aug 11, 2023
4
Insider Trading
Aug 11, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading

TRGP Fair Value

Loading...

Peers (Alternatives to Targa Resources)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
-
14.5B
11.34% 5.05%
-
-
11.12% 227.86%
41.8B
11.5B
-1.55% 7.73%
15.72
3.63
7.16% 69.50%
40.6B
80.8B
6.92% 21.86%
8.97
1.48
-1.23% 0.82%
37.6B
17.1B
-2.88% -4.33%
14.97
2.19
-3.10% 3.16%
30.0B
19.2B
2.68% 14.03%
12.33
1.56
-10.28% 54.38%
MID-CAP
6.3B
2.4B
3.67% -37.55%
15.77
2.59
18.38% 86.75%
4.7B
8.0B
5.22% 28.00%
12.19
0.52
-9.16% 99.38%
4.1B
1.4B
-2.65% 10.66%
-15.48
2.99
9.71% 80.43%
2.0B
1.1B
5.29% -16.24%
13.01
1.9
42.53% -0.22%
-
11.9B
0.51% 28.75%
-
-
-14.57% 7.44%
SMALL-CAP
1.9B
308.0M
11.81% 23.64%
8.53
8.41
145.69% 7305.10%
-
384.8M
-4.56% -16.92%
-
-
-2.94% 38.53%
466.2M
3.1B
17.92% -22.36%
11.92
0.15
156.21% 157.73%

Targa Resources News

MarketBeat
Chickasaw Capital Management LLC Has $204.91 Million Stock ....
MarketBeat,
17 hours ago
Investing.com UK
Investor's Business Daily
InvestorPlace
Bankrate.com
Best Energy Stocks: September 2023.
Bankrate.com,
20 days ago
U.S News & World Report Money
7 Oil Stocks to Buy Closely Tied to Crude Prices.
U.S News & World Report Money,
23 days ago
InvestorsObserver

Returns for TRGP

Cumulative Returns on TRGP

6.7%


10-Year Cumulative Returns

13.4%


7-Year Cumulative Returns

13.2%


5-Year Cumulative Returns

79.5%


3-Year Cumulative Returns

Risks for TRGP

What is the probability of a big loss on TRGP?

75.4%


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.

Drawdowns

Financials for Targa Resources

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-12.9%17,83920,49120,93021,81720,91618,27616,95014,08111,7379,8448,2608,1617,9498,4218,6718,7959,87910,32810,48410,5899,735
Operating Expenses5.8%1,044988913862790759747737710689698610648694703784779739722699659
  S&GA Expenses3.1%335325310298286279273266258256255238249260281304297281257231218
EBITDA-100.0%-3,3492,7591,9861,9201,2491,3081,7481,6431,394-941-1,184-1,319-1,395691------
EBITDA Margin-100.0%-0.16*0.13*0.09*0.09*0.07*0.08*0.12*0.14*0.14*-0.11*-0.15*-0.17*-0.17*0.08*------
Earnings Before Taxes-13.6%1,8462,1371,6631,000998386437879794785-1,573-1,850-2,026-2,134-46.70-74.10-117-9.2066.00221-16.40
EBT Margin-100.0%-0.10*0.08*0.05*0.05*0.02*0.03*0.06*0.07*0.08*-0.19*-0.23*-0.25*-0.25*-0.01*------
Net Income-16.6%1,3371,6051,19656455313.0071.00418306330-1,553-1,602-1,719-1,810-111-184-148-17.4060.00448304
Net Income Margin-100.0%-0.08*0.06*0.03*0.03*0.00*0.00*0.03*0.03*0.03*-0.19*-0.20*-0.22*-0.21*-0.01*------
Free Cashflow-100.0%-1,1971,0471,3491,6571,7581,7981,9781,7751,266793320-166-741-1,488------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.3%19,46219,02619,56019,39015,33415,29515,20815,97315,41215,64815,87616,05215,96516,02718,81518,91918,31817,56916,93816,56915,596
  Current Assets5.5%1,7291,6392,3572,4972,1641,9011,7701,9931,3181,4091,4601,4441,2251,2141,6581,4761,2121,1811,4191,7261,432
    Cash Equivalents-20.0%169212219193154136159229209249243275196375331326227125232203282
  Inventory99.9%31215639447120298.0015331766.0052.00182262219100162211205198165178181
  Net PPE2.9%14,89014,47014,21513,71611,87811,65311,66811,92211,99712,06112,17412,29312,41712,41214,54914,69714,36913,70312,92812,08111,421
  Goodwill---------------45.0047.0047.0047.0047.00257257
  Current Liabilities-5.9%2,3212,4673,0673,3943,1532,9102,2992,8682,1021,7651,7791,3811,3201,1961,8731,6691,6582,0422,7992,5561,953
  Long Term Debt3.3%11,81311,44010,70210,4317,0466,9656,4346,4346,6047,0917,3877,6527,5807,6407,440---5,632--
    LT Debt, Non Current-----------48.00---7.007,2806,6397,1197.005,6795,393
Shareholder's Equity-39.4%2,6754,4122,6662,3854,4014,0175,1795,4005,3975,5225,9036,2126,2696,3738,4438,8208,9397,3377,4717,2707,250
  Retained Earnings253.7%200-129-626-944-1,137-1,734-1,822-1,508-1,690-1,747-1,893-1,927-1,996-2,077-339-226-179-169-130-23.8060.00
  Additional Paid-In Capital-3.2%3,0463,1463,7023,7683,8344,1264,2694,3004,3314,3624,8404,9124,9494,9925,2215,4575,6885,9266,1556,2716,234
Accumulated Depreciation---------------5,3284,8994,6804,4864,2924,1414,030
Shares Outstanding-0.9%224226226226228229228229229229228233233233233233232232232227221
Minority Interest0.2%1,8651,8622,3172,3472,3312,3203,1673,2153,2103,2263,2493,3773,3523,3463,5223,5023,3971,5811,3911,1891,032
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations1.5%2,8442,8022,3812,3472,3832,3712,3032,4482,3091,9721,7451,5671,5761,5351,3901,1481,1531,0971,1441,3221,019
  Share Based Compensation2.0%60.0059.0058.0056.0057.0058.0059.0061.0063.0064.0066.0061.0061.0061.0060.0065.0062.0060.0056.0051.0048.00
Cashflow From Investing-23.4%-5,472-4,433-4,149-3,821-38.90-580-473-383-451-626-738-1,105-1,581-2,204-3,071-3,574-3,872-3,538-3,146-2,628-2,021
Cashflow From Financing54.9%2,6441,7071,8291,438-2,399-1,903-1,914-2,110-1,844-1,472-1,094-511-25.109201,7812,5492,6652,3472,0981,3951,185
  Buy Backs33.0%30222722526224819940.00---92.00---14.00---4.00--

TRGP Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Total revenues$ 3,403.7$ 6,055.8$ 7,924.2$ 11,014.9
Costs and expenses:    
Product purchases and fuel2,068.95,047.35,088.09,251.5
Operating expenses272.6215.8530.7399.3
Depreciation and amortization expense332.1269.9656.9479.0
General and administrative expense81.071.0163.4138.0
Other operating (income) expense (0.1)(0.6)(0.6)
Income (loss) from operations649.1451.91,485.8747.7
Other income (expense):    
Interest expense, net(166.6)(81.2)(334.7)(174.7)
Equity earnings (loss)3.41.43.27.0
Gain (loss) from financing activities (33.8) (49.6)
(Gain) loss from sale of equity method investment 435.9 435.9
Other, net(2.0)0.5(4.9) 
Income (loss) before income taxes483.9774.71,149.4966.3
Income tax (expense) benefit(96.4)(87.1)(206.7)(110.1)
Net income (loss)387.5687.6942.7856.2
Less: Net income (loss) attributable to noncontrolling interests58.291.2116.4171.8
Net income (loss) attributable to Targa Resources Corp.329.3596.4826.3684.4
Premium on repurchase of noncontrolling interests, net of tax[1]  490.753.1
Dividends on Series A Preferred Stock 8.2 30.0
Deemed dividends on Series A Preferred Stock 215.5 215.5
Net income (loss) attributable to common shareholders$ 329.3$ 372.7$ 335.6$ 385.8
Net income (loss) per common share - basic$ 1.44$ 1.64$ 1.47$ 1.69
Net income (loss) per common share - diluted$ 1.44$ 1.61$ 1.46$ 1.66
Weighted average shares outstanding - basic225.6227.8226.0228.1
Weighted average shares outstanding - diluted226.8231.7227.3232.0
Sales of Commodities [Member]    
Revenues:    
Total revenues$ 2,914.6$ 5,624.2$ 6,939.7$ 10,190.3
Fees from Midstream Services [Member]    
Revenues:    
Total revenues$ 489.1$ 431.6$ 984.5$ 824.6
[1]Represents premium paid on the Grand Prix Transaction and the DevCo JV Repurchase. See Note 4 – Acquisitions and Divestitures.

TRGP Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 169.4$ 219.0
Trade receivables, net of allowances of $[2.5] million and $2.2 million at June 30, 2023 and December 31, 2022988.11,408.4
Inventories312.3393.8
Assets from risk management activities194.2179.9
Other current assets64.8155.5
Total current assets1,728.82,356.6
Property, plant and equipment, net14,890.414,214.6
Intangible assets, net2,542.62,734.6
Long-term assets from risk management activities48.524.5
Investments in unconsolidated affiliates131.8131.3
Other long-term assets119.798.4
Total assets19,461.819,560.0
Current liabilities:  
Accounts payable1,173.31,448.8
Accrued liabilities283.0289.5
Interest payable227.2174.0
Liabilities from risk management activities51.1320.1
Current debt obligations586.0834.3
Total current liabilities2,320.63,066.7
Long-term debt11,812.810,702.1
Long-term liabilities from risk management activities24.1140.1
Deferred income taxes, net405.1327.7
Other long-term liabilities359.0341.2
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 June 30, 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 capital3,045.83,702.3
Retained earnings (deficit)199.5(626.8)
Accumulated other comprehensive income (loss)130.854.7
Treasury stock, at cost (15,159,865 shares as of June 30, 2023 and 11,896,829 shares as of December 31, 2022)(701.1)(464.7)
Total Targa Resources Corp. stockholders' equity2,675.22,665.7
Noncontrolling interests1,865.02,316.5
Total owners' equity4,540.24,982.2
Total liabilities, Series A Preferred Stock and owners' equity19,461.819,560.0
Series A Preferred Stock [Member]  
Current liabilities:  
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero shares issued and outstanding as of June 30, 2023 and December 31, 2022), net of discount$ 0.0$ 0.0
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.