Market Summary
USD85.43+0.28
Market Closed0.33%
TRGP Stock Price
TRGP RSI Chart
TRGP Valuation
TRGP Price/Sales (Trailing)
TRGP Profitability
TRGP Fundamentals
TRGP Revenue
TRGP Earnings
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
TRGP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for TRGP
Filter Transactions| 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 |
Which funds bought or sold TRGP recently?
View All Details| 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Targa Resources
| 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 |
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| 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% |
Targa Resources News
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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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)
| 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)
| 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 | - | - |
TRGP Income Statement
2023-06-30CONSOLIDATED 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 | ||
| ||||||
TRGP Balance Sheet
2023-06-30CONSOLIDATED 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 |
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.