Targa Resources Corp.(TRGP) Stock Research - Grey Stern Research

Targa Resources Corp. (TRGP) Stock Analysis

$190.30 (4.07%)

TRGP Financial Performance


Use the table below to view Targa Resources Corp.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q4 - 2024

Metric Value Ranking among Peers
Price $182.86 -
52 Week Low $104.89 -
52 Week High $218.51 -
Market Cap $39.9 Billion 2/13
Gross Margin 25% 12/13
Profit Margin 8% 8/13
EBITDA margin 25% 9/13
Q4 - 2024 Revenue $4.4 Billion 3/13
Q4 - 2024 Earnings $351.0 Million 2/13
Q4 - 2024 Free Cash Flow $601.0 Million 5/13
Trailing 4 Quarters Revenue $16.5 Billion 3/13
Trailing 4 Quarters Earnings $1.3 Billion 3/13
Quarterly Earnings Growth -72% 11/13
Annual Earnings Growth -32% 11/13
Quarterly Revenue Growth 4% 7/13
Annual Revenue Growth 3% 6/13
Cash On Hand $157.3 Million 4/13
Short Term Debt $387.7 Million 2/13
Long Term Debt $13.9 Billion 1/13

Targa Resources Corp. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Targa Resources Corp.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 30.45 3/13
PS 2.42 7/13
PB 9.03 2/13
PC 253.55 5/13
Liabilities to Equity 7.07 2/13
ROA 0.06 5/13
ROE 0.51 1/13
Current Ratio 1.24 10/13
Quick Ratio 0.01 5/13
Long Term Debt to Equity 5.35 2/13
Debt to Equity 5.50 2/13
Burn Rate 0.52 1/13
Cash to Cap 0.00 7/13
CCR 1.71 7/13
EV to EBITDA 49.96 4/13
EV to Revenue 3.28 8/13

Company Details

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.

CEO: Mr. Matthew Meloy

Website: https://www.targaresources.com

Address: 1000 Louisiana St Ste 4300 Houston, TEXAS

Exchange: New York Stock Exchange

Industry: Oil & Gas Midstream

Targa Resources Corp. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Targa Resources Corp.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Plains All American Pipeline, L.P. PAA $13.9 Billion
Plains GP Holdings, L.P. PAGP $4.2 Billion
EnLink Midstream, LLC ENLC $6.5 Billion
MPLX LP MPLX $54.5 Billion
Magellan Midstream Partners, L.P. MMP $13.9 Billion
Western Midstream Partners, LP WES $15.6 Billion
DCP Midstream, LP DCP $8.7 Billion
NuStar Energy L.P. NS $2.8 Billion
Holly Energy Partners, L.P. HEP $2.6 Billion
Crestwood Equity Partners LP CEQP $3.0 Billion
Hess Midstream LP HESM $9.6 Billion
Equitrans Midstream Corporation ETRN $5.4 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
TRGP Income Statements
Quarter Year Revenue Earnings
Q4 2024 $ 4.4 Billion $351.0 Million
Q3 2024 $ 3.9 Billion $387.4 Million
Q2 2024 $ 3.6 Billion $296.2 Million
Q1 2024 $ 4.6 Billion $275.2 Million
Q4 2023 $ 4.2 Billion $1.3 Billion
Q3 2023 $ 3.9 Billion $220.0 Million
Q2 2023 $ 3.4 Billion $329.3 Million
Q1 2023 $ 4.5 Billion $497.0 Million

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TRGP Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q4 2024 $157.3 Million $22.7 Billion $14.3 Billion $4.4 Billion
Q3 2024 $127.2 Million $21.9 Billion $14.3 Billion $4.5 Billion
Q2 2024 $166.4 Million $21.3 Billion $13.6 Billion $4.3 Billion
Q1 2024 $109.9 Million $20.8 Billion $13.1 Billion $4.6 Billion
Q4 2023 $141.7 Million $20.7 Billion $13.0 Billion $4.6 Billion
Q3 2023 $139.5 Million $20.2 Billion $13.0 Billion $4.4 Billion
Q2 2023 $169.4 Million $19.5 Billion $12.4 Billion $2.7 Billion
Q1 2023 $211.8 Million $19.0 Billion $12.2 Billion $2.6 Billion

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TRGP Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q4 2024 $601.0 Million -$726.9 Million $30.1 Million
Q3 2024 $0 $0 $0
Q2 2024 $164.2 Million -$740.3 Million $56.5 Million
Q1 2024 $206.6 Million -$669.8 Million -$31.8 Million
Q4 2023 $2.6 Billion $1.7 Billion $2.2 Million
Q3 2023 -$184.4 Million -$591.7 Million -$29.9 Million
Q2 2023 $78.8 Million -$598.0 Million -$42.4 Million
Q1 2023 $694.1 Million -$475.7 Million -$7.2 Million

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