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targa resources corp. - TRGP

TRGP

Close Chg Chg %
160.06 -0.48 -0.30%

Closed Market

159.58

-0.48 (0.30%)

Volume: 1.65M

Last Updated:

May 9, 2025, 3:59 PM EDT

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Company Overview: targa resources corp. - TRGP

TRGP Key Data

Open

$161.94

 Day Range

158.49 - 162.25

52 Week Range

112.27 - 218.51

 Market Cap

$34.72B

Shares Outstanding

216.93M

 Public Float

213.51M

Beta

1.22

 Rev. Per Employee

N/A

P/E Ratio

29.41

 EPS

$5.46

Yield

203.06%

 Dividend

$1.00

EX-DIVIDEND DATE

Apr 30, 2025

 SHORT INTEREST

N/A

AVERAGE VOLUME

2.38M

  

TRGP Performance

1 Week
 
 -1.43%
 
1 Month
 
 -2.45%
 
3 Months
 
 -22.30%
 
1 Year
 
 40.95%
 
5 Years
 
 961.61%
 

TRGP Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 24
Full Ratings ➔

About targa resources corp. - TRGP

Targa Resources Corp. engages in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas. It operates through the following segments: Gathering and Processing, and Logistics and Transportation, and Other. The Gathering and Processing segment includes assets used in the gathering, and purchase and sale of natural gas produced from oil and gas wells. The Logistics and Transportation segment refers to the activities and assets necessary to convert mixed natural gas liquids (NGLs) into NGL products. The Other contains the results of commodity derivative activity mark-to-market gains and losses related to derivative contracts. The company was founded on October 27, 2005 and is headquartered in Houston, TX.

TRGP At a Glance

Targa Resources Corp.
811 Louisiana Street
Houston, Texas 77002
Phone 1-713-584-1000 Revenue 16.63B
Industry Gas Distributors Net Income 1.27B
Sector Utilities 2024 Sales Growth 6.452%
Fiscal Year-end 12 / 2025 Employees 3,370
View SEC Filings

TRGP Valuation

P/E Current 29.409
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 31.116
Price to Sales Ratio 2.376
Price to Book Ratio 14.994
Price to Cash Flow Ratio 10.823
Enterprise Value to EBITDA 12.65
Enterprise Value to Sales 3.33
Total Debt to Enterprise Value 0.258

TRGP Efficiency

Revenue/Employee 4,933,798.22
Income Per Employee 376,706.231
Receivables Turnover 10.274
Total Asset Turnover 0.723

TRGP Liquidity

Current Ratio 0.724
Quick Ratio 0.618
Cash Ratio 0.069

TRGP Profitability

Gross Margin 20.00
Operating Margin 17.706
Pretax Margin 11.656
Net Margin 7.635
Return on Assets 5.523
Return on Equity 47.617
Return on Total Capital 7.531
Return on Invested Capital 8.035

TRGP Capital Structure

Total Debt to Total Equity 550.262
Total Debt to Total Capital 84.622
Total Debt to Total Assets 59.565
Long-Term Debt to Equity 535.307
Long-Term Debt to Total Capital 82.322
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Targa Resources Corp. - TRGP

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
17.44B 21.68B 15.62B 16.63B
Sales Growth
+110.82% +24.33% -27.97% +6.45%
Cost of Goods Sold (COGS) incl D&A
15.35B 18.89B 13.08B 13.30B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
874.60M 1.10B 1.34B 1.43B
Depreciation
743.60M 858.60M 951.50M 1.06B
Amortization of Intangibles
131.00M 242.20M 384.00M 373.20M
COGS Growth
+127.36% +23.09% -30.74% +1.66%
Gross Income
2.09B 2.79B 2.54B 3.33B
Gross Income Growth
+37.49% +33.45% -9.25% +31.16%
Gross Profit Margin
+12.00% +12.88% +16.23% +20.00%
2021 2022 2023 2024 5-year trend
SG&A Expense
273.20M 309.70M 348.70M 384.90M
Research & Development
- - - -
-
Other SG&A
273.20M 309.70M 348.70M 384.90M
SGA Growth
+7.31% +13.36% +12.59% +10.38%
Other Operating Expense
- 100.00K (100.00K) (3.50M)
Unusual Expense
542.30M 441.10M (278.70M) 320.20M
EBIT after Unusual Expense
1.28B 2.04B 2.47B 2.62B
Non Operating Income/Expense
(452.90M) 66.50M 164.90M 81.50M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
(23.90M) 9.10M 9.00M 9.40M
Interest Expense
387.90M 446.10M 687.80M 767.20M
Interest Expense Growth
-0.87% +15.00% +54.18% +11.54%
Gross Interest Expense
392.00M 462.40M 728.90M 842.00M
Interest Capitalized
4.10M 16.30M 41.10M 74.80M
Pretax Income
436.90M 1.66B 1.94B 1.94B
Pretax Income Growth
+127.77% +280.68% +16.79% -0.23%
Pretax Margin
+2.51% +7.67% +12.44% +11.66%
Income Tax
14.80M 131.80M 363.20M 384.50M
Income Tax - Current - Domestic
2.70M 6.70M 13.60M 17.50M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
12.10M 125.10M 349.60M 367.00M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
(23.90M) 9.10M 9.00M 9.40M
Other After Tax Income (Expense)
- - (7.60M) (9.60M)
-
Consolidated Net Income
422.10M 1.53B 1.57B 1.54B
Minority Interest Expense
350.90M 389.10M 743.50M 274.40M
Net Income
71.20M 1.14B 828.20M 1.27B
Net Income Growth
+104.58% +1,504.35% -27.50% +53.28%
Net Margin Growth
+0.41% +5.27% +5.30% +7.64%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
71.20M 1.14B 828.20M 1.27B
Preferred Dividends
- - 87.30M 245.50M
-
Net Income Available to Common
(16.10M) 896.80M 828.20M 1.27B
EPS (Basic)
-0.0704 3.9454 3.6874 5.7652
EPS (Basic) Growth
+99.03% +5,704.26% -6.54% +56.35%
Basic Shares Outstanding
228.60M 227.30M 224.60M 220.20M
EPS (Diluted)
-0.0704 3.8806 3.6646 5.7366
EPS (Diluted) Growth
+99.03% +5,612.22% -5.57% +56.54%
Diluted Shares Outstanding
228.60M 231.10M 226.00M 221.30M
EBITDA
2.69B 3.58B 3.52B 4.38B
EBITDA Growth
+26.27% +33.03% -1.74% +24.28%
EBITDA Margin
+15.45% +16.53% +22.55% +26.33%

Snapshot

Average Recommendation BUY Average Target Price 211.65
Number of Ratings 24 Current Quarters Estimate 1.901
FY Report Date 06 / 2025 Current Year's Estimate 7.795
Last Quarter’s Earnings 1.24 Median PE on CY Estimate N/A
Year Ago Earnings 5.82 Next Fiscal Year Estimate 9.42
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 14 13 16 15
Mean Estimate 1.90 2.01 7.79 9.42
High Estimates 2.16 2.26 8.85 10.92
Low Estimate 1.58 1.65 6.37 8.14
Coefficient of Variance 8.58 8.98 8.92 7.21

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 18 18 17
OVERWEIGHT 2 2 2
HOLD 3 2 4
UNDERWEIGHT 1 2 0
SELL 0 0 1
MEAN Buy Overweight Overweight

Insider Actions for Targa Resources Corp. - TRGP

Date Name Shares Transaction Value
Mar 6, 2025 Lindsey M. Cooksen Director 11,075 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $201.56 per share 2,232,277.00
Mar 6, 2025 Lindsey M. Cooksen Director 11,115 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $198 per share 2,200,770.00
Mar 6, 2025 Paul W. Chung Director 35,920 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $203.33 per share 7,303,613.60
Mar 6, 2025 Paul W. Chung Director 39,906 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $202.18 per share 8,068,195.08
Mar 3, 2025 Rene R. Joyce Director 213,678 Bona fide gift 0.00
Feb 28, 2025 D. Scott Pryor See Remarks 82,139 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $197.3 per share 16,206,024.70
Feb 28, 2025 D. Scott Pryor See Remarks 117,139 Bona fide gift 0.00
Feb 28, 2025 D. Scott Pryor See Remarks 33,420 Bona fide gift 0.00
Feb 28, 2025 Waters S. Davis Director 4,554 Bona fide gift 0.00
Feb 28, 2025 Waters S. Davis Director 2,899 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $196.26 per share 568,957.74
Feb 27, 2025 Jennifer R. Kneale See Remarks 229,369 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $195.3 per share 44,795,765.70
Feb 27, 2025 Charles R. Crisp Director 80,923 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $194.23 per share 15,717,674.29
Feb 27, 2025 Jennifer R. Kneale See Remarks 227,269 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $198.18 per share 45,040,170.42
Feb 27, 2025 Jennifer R. Kneale See Remarks 227,569 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $197.65 per share 44,979,012.85
Feb 27, 2025 Jennifer R. Kneale See Remarks 231,368 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $192.74 per share 44,593,868.32
Feb 27, 2025 Jennifer R. Kneale See Remarks 231,530 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $191.76 per share 44,398,192.80
Feb 27, 2025 Matthew J. Meloy Chief Executive Officer; Director 725,628 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $196.07 per share 142,273,881.96
Feb 27, 2025 Matthew J. Meloy Chief Executive Officer; Director 731,847 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $195.08 per share 142,768,712.76
Feb 27, 2025 Matthew J. Meloy Chief Executive Officer; Director 767,070 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $194.25 per share 149,003,347.50
Sep 27, 2024 Joe Robert Perkins Director 110,470 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $155.53 per share 17,181,399.10

Targa Resources Corp. in the News