Targa Resources Corp. financial data

Symbol
TRGP on NYSE
Industry
Natural Gas Transmission
Location
Targa Resources Partners Lp, 1000 Louisiana Street, Suite 4300, Houston, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Targa Resources Investments Inc. (to 11/12/2010)
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 76 % +6.02%
Quick Ratio 13.7 % +34.9%
Return On Equity 24.8 % -28.3%
Return On Assets 5.54 % -36.8%
Operating Margin 15.1 % +36.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 222M shares -1.9%
Common Stock, Shares, Outstanding 222M shares -1.76%
Entity Public Float 16.8B USD +25.7%
Weighted Average Number of Shares Outstanding, Basic 223M shares -1.59%
Weighted Average Number of Shares Outstanding, Diluted 224M shares -2.44%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 16.1B USD -21.4%
Revenue from Contract with Customer, Excluding Assessed Tax 13.7B USD -26.8%
General and Administrative Expense 353M USD +8.55%
Operating Income (Loss) 2.43B USD +7.01%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.69B USD -20.8%
Income Tax Expense (Benefit) 336M USD +53.1%
Net Income (Loss) Attributable to Parent 1.12B USD -29.9%
Earnings Per Share, Basic 4.89 USD/shares +109%
Earnings Per Share, Diluted 4.85 USD/shares +26%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 110M USD -48.1%
Accounts Receivable, after Allowance for Credit Loss, Current 1.48B USD +45%
Inventory, Net 225M USD +43.7%
Other Assets, Current 82.3M USD -18.4%
Assets, Current 1.97B USD +20.4%
Property, Plant and Equipment, Net 16.3B USD +12.5%
Operating Lease, Right-of-Use Asset 101M USD +76.4%
Goodwill 45.2M USD 0%
Other Assets, Noncurrent 164M USD +52.7%
Assets 20.8B USD +9.57%
Accounts Payable, Current 1.71B USD +36.2%
Accrued Liabilities, Current 296M USD +56.9%
Liabilities, Current 2.81B USD +14.1%
Long-term Debt and Lease Obligation 12.5B USD +9.36%
Deferred Income Tax Liabilities, Net 600M USD +101%
Operating Lease, Liability, Noncurrent 76.6M USD +182%
Other Liabilities, Noncurrent 304M USD -12.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax 33.9M USD -60%
Retained Earnings (Accumulated Deficit) 654M USD
Stockholders' Equity Attributable to Parent 2.7B USD +6.01%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.58B USD +3.75%
Liabilities and Equity 20.8B USD +9.57%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 876M USD -25.1%
Net Cash Provided by (Used in) Financing Activities -230M USD +66.9%
Net Cash Provided by (Used in) Investing Activities -678M USD -41%
Common Stock, Shares Authorized 450M shares 0%
Common Stock, Shares, Issued 241M shares +0.86%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -31.8M USD -342%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 110M USD -48.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 268M USD +26.7%
Deferred Tax Assets, Valuation Allowance 7.1M USD -47%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.36B USD -13.7%
Operating Lease, Liability 78.3M USD +82.1%
Depreciation 964M USD +6.93%
Payments to Acquire Property, Plant, and Equipment 670M USD +40.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.07B USD -49.1%
Lessee, Operating Lease, Liability, to be Paid 88.3M USD +87.5%
Property, Plant and Equipment, Gross 27B USD +10.7%
Operating Lease, Liability, Current 21.8M USD +51.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 16.8M USD +69.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 25.5M USD +62.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +25%
Deferred Income Tax Expense (Benefit) 79.8M USD -24.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 10M USD +144%
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.2M USD +115%
Deferred Tax Assets, Operating Loss Carryforwards 1.28B USD -18.2%
Preferred Stock, Shares Issued 0 shares
Current Income Tax Expense (Benefit) 13.6M USD +103%
Preferred Stock, Shares Authorized 98.8M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 10.3M USD +129%
Operating Lease, Payments 21.4M USD +13.8%
Additional Paid in Capital 3.07B USD -2.31%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 93.3M USD -2.81%
Depreciation, Depletion and Amortization 1.35B USD +11%
Deferred Tax Assets, Net of Valuation Allowance 1.36B USD -12.1%
Share-based Payment Arrangement, Expense 62.4M USD +8.52%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%