TRGP - Targa Resources Corp.
NYSE
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Energy
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Oil & Gas Midstream
Houston,
United States
Type: Equity
TRGP price evolution
TRGP
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $141.7 | $139.5 | $169.4 | $211.8 |
| Short term investments | ||||
| Net receivables | $1471 | $1241.1 | $988.1 | $1023.4 |
| Inventory | $371.5 | $536.2 | $312.3 | $156.2 |
| Total current assets | $2194.6 | $2139.3 | $1728.8 | $1638.8 |
| Long term investments | $146.3 | $138.3 | $131.8 | $134.7 |
| Property, plant & equipment | $15806.4 | $15333.5 | $14890.4 | $14470 |
| Goodwill & intangible assets | $2350.6 | $2446.6 | $2542.6 | $2638.6 |
| Total noncurrent assets | $18477.2 | $18050.3 | $17733 | $17386.7 |
| Total investments | $146.3 | $138.3 | $131.8 | $134.7 |
| Total assets | $20671.8 | $20189.6 | $19461.8 | $19025.5 |
| Current liabilities | ||||
| Accounts payable | $1574.9 | $1581.3 | $1173.3 | $1255.3 |
| Deferred revenue | ||||
| Short long term debt | $620.7 | $602 | $586 | $739 |
| Total current liabilities | $2760.9 | $2682.1 | $2320.6 | $2466.6 |
| Long term debt | $12333.2 | $12318.4 | $11812.8 | $11439.6 |
| Total noncurrent liabilities | $13300.9 | $13129.7 | $12601 | $12146.7 |
| Total debt | $12953.9 | $12920.4 | $12398.8 | $12178.6 |
| Total liabilities | $16061.8 | $15811.8 | $14921.6 | $14613.3 |
| Shareholders' equity | ||||
| Retained earnings | $492 | $305.5 | $199.5 | -$129.8 |
| Other shareholder equity | $85.6 | -$5.3 | $130.8 | $84.8 |
| Total shareholder equity | $2739.7 | $2506.1 | $2675.2 | $2550.7 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $141.7 | $219 | $158.5 | $242.8 |
| Short term investments | ||||
| Net receivables | $1471 | $1408.4 | $1331.9 | $862.8 |
| Inventory | $371.5 | $393.8 | $153.4 | $181.5 |
| Total current assets | $2194.6 | $2356.6 | $1769.8 | $1460.3 |
| Long term investments | $146.3 | $131.3 | $586.5 | $714 |
| Property, plant & equipment | $15806.4 | $14214.6 | $11667.7 | $12173.6 |
| Goodwill & intangible assets | $2350.6 | $2734.6 | $1094.8 | $1382.4 |
| Total noncurrent assets | $18477.2 | $17203.4 | $13438.4 | $14415.4 |
| Total investments | $146.3 | $131.3 | $586.5 | $714 |
| Total assets | $20671.8 | $19560 | $15208.2 | $15875.7 |
| Current liabilities | ||||
| Accounts payable | $1574.9 | $1448.8 | $1466.8 | $949.2 |
| Deferred revenue | ||||
| Short long term debt | $620.7 | $834.3 | $162.8 | $368.6 |
| Total current liabilities | $2760.9 | $3066.7 | $2298.5 | $1779.4 |
| Long term debt | $12333.2 | $10702.1 | $6434.4 | $7387.1 |
| Total noncurrent liabilities | $13300.9 | $11511.1 | $7731 | $8193.1 |
| Total debt | $12953.9 | $11536.4 | $6597.2 | $7755.7 |
| Total liabilities | $16061.8 | $16894.3 | $10029.5 | $9972.5 |
| Shareholders' equity | ||||
| Retained earnings | $492 | -$626.8 | -$1822.3 | -$1893.5 |
| Other shareholder equity | $85.6 | $54.7 | -$230.9 | -$141.8 |
| Total shareholder equity | $2739.7 | $2665.7 | $2011.8 | $2653.9 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $4239.5 | $3896.6 | $3403.7 | $4520.5 |
| Cost of revenue | $3168 | $2967.7 | $2341.5 | $3277.2 |
| Gross Profit | $1071.5 | $928.9 | $1062.2 | $1243.3 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $95.3 | $90 | $81 | $82.4 |
| Total operating expenses | $436.2 | $423.8 | $413.1 | $406.6 |
| Operating income | $635.3 | $505.1 | $649.1 | $836.7 |
| Income from continuing operations | ||||
| EBIT | $580.1 | $449 | $592.3 | $775.3 |
| Income tax expense | $102.5 | $53.9 | $96.4 | $110.3 |
| Interest expense | $178 | $175.1 | $166.6 | $168 |
| Net income | ||||
| Net income | $299.6 | $220 | $329.3 | $497 |
| Income (for common shares) | $280.2 | $220 | $329.3 | $6.3 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $16060.3 | $20929.8 | $16949.8 | $8260.3 |
| Cost of revenue | $11754.3 | $17794.9 | $14476.5 | $5884.9 |
| Gross Profit | $4306 | $3134.9 | $2473.3 | $2375.4 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $348.7 | $309.7 | $273.2 | $254.6 |
| Total operating expenses | $1679.8 | $1405.9 | $1608.5 | $3679.1 |
| Operating income | $2626.2 | $1729 | $864.8 | -$1303.7 |
| Income from continuing operations | ||||
| EBIT | $2396.9 | $1773.4 | $473.9 | -$1410.7 |
| Income tax expense | $363.2 | $131.8 | $14.8 | -$248.1 |
| Interest expense | $687.8 | $446.1 | $387.9 | $391.3 |
| Net income | ||||
| Net income | $1345.9 | $1195.5 | $71.2 | -$1553.9 |
| Income (for common shares) | $835.8 | $896.8 | -$16.1 | -$1684.8 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $299.6 | $220 | $329.3 | $497 |
| Operating activities | ||||
| Depreciation | $341.4 | $331.3 | $332.1 | $324.8 |
| Business acquisitions & disposals | -$8.7 | -$8.2 | $2.8 | -$5 |
| Stock-based compensation | $16.7 | $15.7 | $15 | $15 |
| Total cash flows from operations | $957.7 | $407.3 | $676.8 | $1169.8 |
| Investing activities | ||||
| Capital expenditures | -$718.2 | -$590.7 | -$596.3 | -$475.5 |
| Investments | ||||
| Total cash flows from investing | -$727 | -$599.2 | -$593.8 | -$480.8 |
| Financing activities | ||||
| Dividends paid | -$112.5 | -$115.2 | -$114.3 | -$85.3 |
| Sale and purchase of stock | -$41 | -$153.6 | -$149.1 | -$85.8 |
| Net borrowings | $39.1 | $491.4 | $187.6 | $618 |
| Total cash flows from financing | -$228.5 | $162 | -$125.4 | -$696.2 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $2.2 | -$29.9 | -$42.4 | -$7.2 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1345.9 | $1195.5 | $71.2 | -$1553.9 |
| Operating activities | ||||
| Depreciation | $1329.6 | $1096 | $870.6 | $865.1 |
| Business acquisitions & disposals | -$19.1 | -$3693.8 | $31.8 | $209.2 |
| Stock-based compensation | $62.4 | $57.5 | $59.2 | $66.2 |
| Total cash flows from operations | $3211.6 | $2380.8 | $2302.9 | $1744.5 |
| Investing activities | ||||
| Capital expenditures | -$2380.7 | -$1311.3 | -$505.1 | -$951.6 |
| Investments | $857 | |||
| Total cash flows from investing | -$2400.8 | -$4149.7 | -$473.2 | -$738.1 |
| Financing activities | ||||
| Dividends paid | -$427.3 | -$379.7 | -$187.5 | -$384.2 |
| Sale and purchase of stock | -$429.5 | -$260.6 | -$53.2 | -$97.4 |
| Net borrowings | $1336.1 | $4697.2 | -$1179.5 | -$23 |
| Total cash flows from financing | -$888.1 | $1829.4 | -$1914 | -$1094.7 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$77.3 | $60.5 | -$84.3 | -$88.3 |
News
Fundamentals
| Market cap | $25.83B |
|---|---|
| Enterprise value | $38.64B |
| Shares outstanding | 222.61M |
| Revenue | $16.06B |
|---|---|
| EBITDA | $3.73B |
| EBIT | $2.40B |
| Net Income | $1.35B |
| Revenue Q/Q | -6.92% |
| Revenue Y/Y | -23.27% |
| P/E ratio | 19.19 |
|---|---|
| EV/Sales | 2.41 |
| EV/EBITDA | 10.37 |
| EV/EBIT | 16.12 |
| P/S ratio | 1.61 |
| P/B ratio | 9.73 |
| Book/Share | 11.92 |
| Cash/Share | 0.64 |
| EPS | $6.05 |
|---|---|
| ROA | 6.78% |
| ROE | 51.41% |
| Debt/Equity | 5.86 |
|---|---|
| Net debt/EBITDA | 4.27 |
| Current ratio | 0.79 |
| Quick ratio | 0.66 |