Last 7 days
0.8%
Last 30 days
1.1%
Last 90 days
20.0%
Trailing 12 Months
25.3%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
Datesorted ascending | Fund Name | Type | % 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% |
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 |
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 |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CQP | - | 14.5B | 11.34% | 5.05% | - | - | 11.12% | 227.86% |
WMB | 41.8B | 11.5B | -1.55% | 7.73% | 15.72 | 3.63 | 7.16% | 69.50% |
ET | 40.6B | 80.8B | 6.92% | 21.86% | 8.97 | 1.48 | -1.23% | 0.82% |
KMI | 37.6B | 17.1B | -2.88% | -4.33% | 14.97 | 2.19 | -3.10% | 3.16% |
OKE | 30.0B | 19.2B | 2.68% | 14.03% | 12.33 | 1.56 | -10.28% | 54.38% |
MID-CAP | ||||||||
NFE | 6.3B | 2.4B | 3.67% | -37.55% | 15.77 | 2.59 | 18.38% | 86.75% |
ENLC | 4.7B | 8.0B | 5.22% | 28.00% | 12.19 | 0.52 | -9.16% | 99.38% |
ETRN | 4.1B | 1.4B | -2.65% | 10.66% | -15.48 | 2.99 | 9.71% | 80.43% |
DKL | 2.0B | 1.1B | 5.29% | -16.24% | 13.01 | 1.9 | 42.53% | -0.22% |
DCP | - | 11.9B | 0.51% | 28.75% | - | - | -14.57% | 7.44% |
SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 11.81% | 23.64% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -4.56% | -16.92% | - | - | -2.94% | 38.53% |
VTNR | 466.2M | 3.1B | 17.92% | -22.36% | 11.92 | 0.15 | 156.21% | 157.73% |
6.7%
13.4%
13.2%
79.5%
75.4%
43.5%
20%
Y-axis is the maximum loss one would have experienced if Targa Resources was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -12.9% | 17,839 | 20,491 | 20,930 | 21,817 | 20,916 | 18,276 | 16,950 | 14,081 | 11,737 | 9,844 | 8,260 | 8,161 | 7,949 | 8,421 | 8,671 | 8,795 | 9,879 | 10,328 | 10,484 | 10,589 | 9,735 |
Operating Expenses | 5.8% | 1,044 | 988 | 913 | 862 | 790 | 759 | 747 | 737 | 710 | 689 | 698 | 610 | 648 | 694 | 703 | 784 | 779 | 739 | 722 | 699 | 659 |
S&GA Expenses | 3.1% | 335 | 325 | 310 | 298 | 286 | 279 | 273 | 266 | 258 | 256 | 255 | 238 | 249 | 260 | 281 | 304 | 297 | 281 | 257 | 231 | 218 |
EBITDA | -100.0% | - | 3,349 | 2,759 | 1,986 | 1,920 | 1,249 | 1,308 | 1,748 | 1,643 | 1,394 | -941 | -1,184 | -1,319 | -1,395 | 691 | - | - | - | - | - | - |
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% | 1,846 | 2,137 | 1,663 | 1,000 | 998 | 386 | 437 | 879 | 794 | 785 | -1,573 | -1,850 | -2,026 | -2,134 | -46.70 | -74.10 | -117 | -9.20 | 66.00 | 221 | -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% | 1,337 | 1,605 | 1,196 | 564 | 553 | 13.00 | 71.00 | 418 | 306 | 330 | -1,553 | -1,602 | -1,719 | -1,810 | -111 | -184 | -148 | -17.40 | 60.00 | 448 | 304 |
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% | - | 1,197 | 1,047 | 1,349 | 1,657 | 1,758 | 1,798 | 1,978 | 1,775 | 1,266 | 793 | 320 | -166 | -741 | -1,488 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 2.3% | 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 | 16,938 | 16,569 | 15,596 |
Current Assets | 5.5% | 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 | 1,419 | 1,726 | 1,432 |
Cash Equivalents | -20.0% | 169 | 212 | 219 | 193 | 154 | 136 | 159 | 229 | 209 | 249 | 243 | 275 | 196 | 375 | 331 | 326 | 227 | 125 | 232 | 203 | 282 |
Inventory | 99.9% | 312 | 156 | 394 | 471 | 202 | 98.00 | 153 | 317 | 66.00 | 52.00 | 182 | 262 | 219 | 100 | 162 | 211 | 205 | 198 | 165 | 178 | 181 |
Net PPE | 2.9% | 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 | 12,928 | 12,081 | 11,421 |
Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.00 | 47.00 | 47.00 | 47.00 | 47.00 | 257 | 257 |
Current Liabilities | -5.9% | 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 | 2,799 | 2,556 | 1,953 |
Long Term Debt | 3.3% | 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 | - | - | - | 5,632 | - | - |
LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | 48.00 | - | - | - | 7.00 | 7,280 | 6,639 | 7,119 | 7.00 | 5,679 | 5,393 |
Shareholder's Equity | -39.4% | 2,675 | 4,412 | 2,666 | 2,385 | 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 | 7,471 | 7,270 | 7,250 |
Retained Earnings | 253.7% | 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 | -23.80 | 60.00 |
Additional Paid-In Capital | -3.2% | 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 | 6,155 | 6,271 | 6,234 |
Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,328 | 4,899 | 4,680 | 4,486 | 4,292 | 4,141 | 4,030 |
Shares Outstanding | -0.9% | 224 | 226 | 226 | 226 | 228 | 229 | 228 | 229 | 229 | 229 | 228 | 233 | 233 | 233 | 233 | 233 | 232 | 232 | 232 | 227 | 221 |
Minority Interest | 0.2% | 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 | 1,391 | 1,189 | 1,032 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 1.5% | 2,844 | 2,802 | 2,381 | 2,347 | 2,383 | 2,371 | 2,303 | 2,448 | 2,309 | 1,972 | 1,745 | 1,567 | 1,576 | 1,535 | 1,390 | 1,148 | 1,153 | 1,097 | 1,144 | 1,322 | 1,019 |
Share Based Compensation | 2.0% | 60.00 | 59.00 | 58.00 | 56.00 | 57.00 | 58.00 | 59.00 | 61.00 | 63.00 | 64.00 | 66.00 | 61.00 | 61.00 | 61.00 | 60.00 | 65.00 | 62.00 | 60.00 | 56.00 | 51.00 | 48.00 |
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 Financing | 54.9% | 2,644 | 1,707 | 1,829 | 1,438 | -2,399 | -1,903 | -1,914 | -2,110 | -1,844 | -1,472 | -1,094 | -511 | -25.10 | 920 | 1,781 | 2,549 | 2,665 | 2,347 | 2,098 | 1,395 | 1,185 |
Buy Backs | 33.0% | 302 | 227 | 225 | 262 | 248 | 199 | 40.00 | - | - | - | 92.00 | - | - | - | 14.00 | - | - | - | 4.00 | - | - |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 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 fuel | 2,068.9 | 5,047.3 | 5,088.0 | 9,251.5 | ||
Operating expenses | 272.6 | 215.8 | 530.7 | 399.3 | ||
Depreciation and amortization expense | 332.1 | 269.9 | 656.9 | 479.0 | ||
General and administrative expense | 81.0 | 71.0 | 163.4 | 138.0 | ||
Other operating (income) expense | (0.1) | (0.6) | (0.6) | |||
Income (loss) from operations | 649.1 | 451.9 | 1,485.8 | 747.7 | ||
Other income (expense): | ||||||
Interest expense, net | (166.6) | (81.2) | (334.7) | (174.7) | ||
Equity earnings (loss) | 3.4 | 1.4 | 3.2 | 7.0 | ||
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 taxes | 483.9 | 774.7 | 1,149.4 | 966.3 | ||
Income tax (expense) benefit | (96.4) | (87.1) | (206.7) | (110.1) | ||
Net income (loss) | 387.5 | 687.6 | 942.7 | 856.2 | ||
Less: Net income (loss) attributable to noncontrolling interests | 58.2 | 91.2 | 116.4 | 171.8 | ||
Net income (loss) attributable to Targa Resources Corp. | 329.3 | 596.4 | 826.3 | 684.4 | ||
Premium on repurchase of noncontrolling interests, net of tax | [1] | 490.7 | 53.1 | |||
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 - basic | 225.6 | 227.8 | 226.0 | 228.1 | ||
Weighted average shares outstanding - diluted | 226.8 | 231.7 | 227.3 | 232.0 | ||
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 | ||
|
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, 2022 | 988.1 | 1,408.4 |
Inventories | 312.3 | 393.8 |
Assets from risk management activities | 194.2 | 179.9 |
Other current assets | 64.8 | 155.5 |
Total current assets | 1,728.8 | 2,356.6 |
Property, plant and equipment, net | 14,890.4 | 14,214.6 |
Intangible assets, net | 2,542.6 | 2,734.6 |
Long-term assets from risk management activities | 48.5 | 24.5 |
Investments in unconsolidated affiliates | 131.8 | 131.3 |
Other long-term assets | 119.7 | 98.4 |
Total assets | 19,461.8 | 19,560.0 |
Current liabilities: | ||
Accounts payable | 1,173.3 | 1,448.8 |
Accrued liabilities | 283.0 | 289.5 |
Interest payable | 227.2 | 174.0 |
Liabilities from risk management activities | 51.1 | 320.1 |
Current debt obligations | 586.0 | 834.3 |
Total current liabilities | 2,320.6 | 3,066.7 |
Long-term debt | 11,812.8 | 10,702.1 |
Long-term liabilities from risk management activities | 24.1 | 140.1 |
Deferred income taxes, net | 405.1 | 327.7 |
Other long-term liabilities | 359.0 | 341.2 |
Contingencies (see Note 14) | 0.0 | 0.0 |
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) | 0.2 | 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 | 3,045.8 | 3,702.3 |
Retained earnings (deficit) | 199.5 | (626.8) |
Accumulated other comprehensive income (loss) | 130.8 | 54.7 |
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' equity | 2,675.2 | 2,665.7 |
Noncontrolling interests | 1,865.0 | 2,316.5 |
Total owners' equity | 4,540.2 | 4,982.2 |
Total liabilities, Series A Preferred Stock and owners' equity | 19,461.8 | 19,560.0 |
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 |