Targa Resources Corp. financial data

Symbol
TRGP on NYSE
Industry
Natural Gas Transmission
Location
Targa Resources Partners Lp, 1000 Louisiana Street, Suite 4300, Houston, TX
State of incorporation
DE
Fiscal year end
December 31
Former names
Targa Resources Investments Inc. (to 11/12/2010)
Latest financial report
10-Q - Q2 2024 - Aug 1, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 73.3 % +0.3%
Quick Ratio 13 % +9.95%
Return On Equity 24.4 % -14.8%
Return On Assets 5.27 % -23.7%
Operating Margin 14.8 % +7.01%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 219M shares -2.07%
Common Stock, Shares, Outstanding 219M shares -2.18%
Entity Public Float 16.8B USD +25.7%
Weighted Average Number of Shares Outstanding, Basic 221M shares -2.04%
Weighted Average Number of Shares Outstanding, Diluted 222M shares -2.16%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 16.3B USD -8.85%
Revenue from Contract with Customer, Excluding Assessed Tax 14B USD -10.3%
General and Administrative Expense 370M USD +10.5%
Operating Income (Loss) 2.41B USD -2.44%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.66B USD -10%
Income Tax Expense (Benefit) 334M USD +46%
Net Income (Loss) Attributable to Parent 1.09B USD -18.3%
Earnings Per Share, Basic 4.79 USD/shares +124%
Earnings Per Share, Diluted 4.74 USD/shares +28.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 166M USD -1.77%
Accounts Receivable, after Allowance for Credit Loss, Current 1.22B USD +23.2%
Inventory, Net 321M USD +2.66%
Other Assets, Current 99.9M USD +54.2%
Assets, Current 1.87B USD +7.97%
Property, Plant and Equipment, Net 16.9B USD +13.4%
Operating Lease, Right-of-Use Asset 101M USD +76.4%
Goodwill 45.2M USD 0%
Other Assets, Noncurrent 166M USD +38.4%
Assets 21.3B USD +9.26%
Accounts Payable, Current 1.69B USD +43.8%
Accrued Liabilities, Current 243M USD -14.1%
Liabilities, Current 2.89B USD +24.6%
Long-term Debt and Lease Obligation 13B USD +9.76%
Deferred Income Tax Liabilities, Net 685M USD +69%
Operating Lease, Liability, Noncurrent 79.7M USD +101%
Other Liabilities, Noncurrent 309M USD -14%
Accumulated Other Comprehensive Income (Loss), Net of Tax 11.4M USD -91.3%
Retained Earnings (Accumulated Deficit) 784M USD +293%
Stockholders' Equity Attributable to Parent 2.47B USD -7.76%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.35B USD -4.21%
Liabilities and Equity 21.3B USD +9.26%

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 166M USD -1.77%
Interest Paid, Excluding Capitalized Interest, Operating Activities 268M USD +26.7%
Deferred Tax Assets, Valuation Allowance 7.1M USD -34.9%
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 983M USD +9.77%
Payments to Acquire Property, Plant, and Equipment 670M USD +40.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 974M USD -44.2%
Lessee, Operating Lease, Liability, to be Paid 88.3M USD +87.5%
Property, Plant and Equipment, Gross 27.8B USD +11.3%
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
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%
Additional Paid in Capital 3.09B USD +1.4%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 379M USD -2.81%
Depreciation, Depletion and Amortization 1.36B USD +6.9%
Deferred Tax Assets, Net of Valuation Allowance 1.36B USD -12.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%