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Targa Resources Corp   (NYSE: TRGP)
    Sector • Utilities    Industry • Natural Gas Utilities
   Industry • Natural Gas Utilities
   Sector • Utilities
 
Price: $290.0500 $-3.49 -1.189%
Day's High: $293.1700134277344 Week Perf: -1.23 %
Day's Low: $ 287.75 30 Day Perf: 8.13 %
Volume (M): 578,416 52 Wk High: $ 307.94
Volume (M$): $ 0 52 Wk Avg: $222.54
Open: $291.68 52 Wk Low: $144.14



 Market Capitalization (Millions $) 62,506
 Shares Outstanding (Millions) 216
 Employees 3,570
 Revenues (TTM) (Millions $) 16,562
 Net Income (TTM) (Millions $) 2,164
 Cash Flow (TTM) (Millions $) -51
 Capital Exp. (TTM) (Millions $) 3,441

Business Description


Targa Resources Corp is a leading provider of natural gas, natural gas liquids (NGLs), crude oil, and refined products transportation, storage, and terminals services. The company operates through two segments: Gathering and Processing and Logistics and Marketing.

The Gathering and Processing segment is focused on gathering, compressing, treating, processing, storing, and selling natural gas and NGLs produced from shale and other unconventional oil and gas formations. Targa owns and operates a network of gathering pipelines, treating facilities, and processing plants located in key energy producing regions throughout the United States.

The Logistics and Marketing segment includes a wide range of midstream services, including transportation, storage, fractionation, and terminaling of NGLs, crude oil, and refined products. Targa owns and operates a significant amount of transportation and terminaling assets including pipelines, trucking fleets, marine transportation vessels, and storage tanks.

Targa Resources is also involved in the marketing and trading of energy commodities. Through its trading group, the company is involved in the purchase and sale of natural gas, NGLs, crude oil, and other refined products.

The company has a strong focus on sustainability and environmental protection and has implemented various initiatives to reduce its carbon footprint. Targa is also committed to ensuring the safety of its employees, contractors, and the communities in which it operates.

Targa Resources Corp is headquartered in Houston, Texas, and employs approximately 2,500 people. As of 2021, the company had a market capitalization of approximately $6 billion and operates in over 100 locations across the United States.


   Company Address: 811 Louisiana Street Houston 77002 TX
   Company Phone Number: 584-1000   Stock Exchange / Ticker: NYSE TRGP


Customers Net Income fell by TRGP's Customers Net Profit Margin fell to

-4.09 %
6.54 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EFEP      % 
MMLP        6.22% 
• View Complete Report
   



Shares

Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes

Published Tue, Feb 25 2025 1:52 AM UTC

Targa Resources Corp. Raises Capital through Major Offerings of Senior NotesHOUSTON, February 24, 2025 Targa Resources Corp. (NYSE: TRGP), a leading provider of natural gas processing and transportation services, announced the completion of its latest underwritten public offering, successfully pricing $2.0 billion in aggregate principal amount of senior notes. This latest...
Dividend

Targa Resources Corp. Raises Dividends: A Strong Indicator of Confidence and Stability in the Energy Sector,

Published Fri, Jan 17 2025 12:01 AM UTC

Targa Resources Corp. Announces Strong Fourth Quarter Dividend, Solidifying Investor Confidence Amid Market UpturnHOUSTON, Jan. 16, 2025 Targa Resources Corp. (NYSE: TRGP) has made an announcement that thrills investors and affirms its robust operational performance. The natural gas and natural gas liquids company declared its quarterly dividend on common shares for the fo...
Dividend

Targa Resources Hits 52-Week High Amid Dividend Announcement as Investors Rally,

Published Thu, Oct 10 2024 9:00 PM UTC

Targa Resources Corp. Unveils Quarterly Dividend and Upcoming Earnings Webcast: Implications for ShareholdersIn what can be seen as a significant moment for investors, Targa Resources Corp. (NYSE: TRGP) disclosed its quarterly dividend for common shares tied to the third quarter of 2024. This announcement comes ahead of the eagerly anticipated third quarter earnings webcast ...
Stock Market Announcement

Targa Resources Corp. Price $1 Billion Offering of Senior Notes amidst Market Turmoil, refusal: null

Published Tue, Aug 6 2024 7:59 PM UTC

Targa Resources Corp. Successfully Prices $1.0 Billion Offering of Senior Notes amid Market Turmoil
Targa Resources Corp. (NYSE: TRGP) has once again demonstrated its fortitude amidst market turmoil by successfully pricing an underwritten public offering of $1.0 billion aggregate principal amount of its 5.500% Senior Notes due 2035. The offering was priced at 99.943% of ...
Dividend

Targa Resources Corp. Announces Quarterly Dividend, Share Price on the Rise

Published Thu, Jul 11 2024 9:15 PM UTC


In a press release on July 11, 2024, Targa Resources Corp. (NYSE: TRGP) announced its quarterly dividend on common shares for the second quarter of 2024. This news comes on the heels of the company s resilience amidst market turmoil, as highlighted in a previous press release on October 12, 2023.
Following the announcement of the quarterly dividend, Targa Resources ...



Fundamental Analysis

Valuation Current
Price to Earnings PE Ratio (TTM) 29.63
Price to Earnings PE Ratio (Expected) -
Price to Sales (TTM) 3.77
Price to Sales (Expected) -
Price to Book 19.12
PEG (TTM) 0.37

Financial Strength Current
Quick Ratio 0.03
Working Capital Ratio 0.72
Leverage Ratio (MRQ) 6.72
Total Debt to Equity 5.64
Interest Coverage (TTM) -
Debt Coverage (TTM) 0.23

Per Share Current
Earnings (TTM) 9.79 $
Revenues (TTM) 76.85 $
Cash Flow (TTM) -
Cash 0.46 $
Book Value 15.17 $
Dividend (TTM) 4 $

Efficiency Current
Revenue per Employee (TTM) 4,639,076
Net Income per Employee (TTM) 606,246
Receivable Turnover Ratio (TTM) 11.07
Inventory Turnover Ratio (TTM) 22.72
Asset Turnover Ratio (TTM) 0.66

Profitability Ratios Current
Gross Margin (MRQ) 41.52 %
Operating Margin (MRQ) 20.68 %
Net Margin (MRQ) 11.9 %
Net Cash Flow Margin (MRQ) -1.61 %
Effective Tax Rate (TTM) 21.17 %

Management Effectiveness Current
Return On Assets (TTM) 8.61 %
Return On Investment (TTM) 10.76 %
Return On Equity (TTM) 72.07 %
Dividend Yield 1.38 %
Pay out Ratio (TTM) 40.86 %



Targa Resources's Segments
Sales of Commodities    87.63 % of total Revenue
Fees from Midstream Services    18.32 % of total Revenue
Other    -0.03 % of total Revenue
Other Sales of Commodities    -2.69 % of total Revenue
Corporate and Eliminations    -24.02 % of total Revenue
Abstract    102.69 % of total Revenue
Gathering and Processing    13.67 % of total Revenue
Gathering and Processing Sales of Commodities    6.97 % of total Revenue
Gathering and Processing Fees from Midstream Services    14.03 % of total Revenue
Logistics and Transportation    81.69 % of total Revenue
Logistics and Transportation Sales of Commodities    77.4 % of total Revenue
Logistics and Transportation Fees from Midstream Services    4.29 % of total Revenue
InterEliminations    24.02 % of total Revenue
InterEliminations Sales of Commodities    23.82 % of total Revenue
InterEliminations Fees from Midstream Services    0.2 % of total Revenue
InterEliminations Gathering and Processing    22.4 % of total Revenue
InterEliminations Gathering and Processing Sales of Commodities    22.43 % of total Revenue
InterEliminations Gathering and Processing Fees from Midstream Services    -0.02 % of total Revenue
InterEliminations Logistics and Transportation    1.62 % of total Revenue
InterEliminations Logistics and Transportation Sales of Commodities    1.39 % of total Revenue
InterEliminations Logistics and Transportation Fees from Midstream Services    0.22 % of total Revenue
InterEliminations Corporate and Eliminations    -24.02 % of total Revenue
InterEliminations Corporate and Eliminations Sales of Commodities    -23.82 % of total Revenue
InterEliminations Corporate and Eliminations Fees from Midstream Services    -0.2 % of total Revenue
Consolidated Revenue    126.72 % of total Revenue
Consolidated Revenue Gathering and Processing    43.41 % of total Revenue
Consolidated Revenue Logistics and Transportation    83.31 % of total Revenue
Derivative Activities - Hedge    -0 % of total Revenue
Derivative Activities - Non-hedge    -5.95 % of total Revenue
Natural Gas    11.57 % of total Revenue
NGL    72.85 % of total Revenue
Condensate and Crude Oil    3.22 % of total Revenue
NGL Transportation Fractionation and Services    1.67 % of total Revenue
Storage Terminaling and Export    3.01 % of total Revenue

  Targa Resources Outlook

On November 5 2024 the Targa Resources provided following guidance

Targa Resources Corp. Reports Exceptional Third Quarter Results for 2024 and Anticipates a 33% Increase in Its Common Dividend for 2025

HOUSTON, Nov. 5, 2024 – Targa Resources Corp. (NYSE: TRGP), a leading provider of natural gas and natural gas liquids, announced today its remarkable financial performance for the third quarter of 2024. In an exciting reveal, the company also shared its projections for a significant 33% year-over-year increase in its common dividend for the upcoming year, 2025.

For the third quarter of 2024, Targa Resources has demonstrated substantial financial growth and resilience, showcasing its strong operational performance. The company's results reaffirm its positi...





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