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 - Q3 2024 - Nov 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 72.7 % -2.63%
Quick Ratio 12 % -9.57%
Return On Equity 28 % -5.97%
Return On Assets 5.95 % -14.6%
Operating Margin 16.2 % +4.51%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 218M shares -2.2%
Common Stock, Shares, Outstanding 218M shares -2.13%
Entity Public Float 16.8B USD +25.7%
Weighted Average Number of Shares Outstanding, Basic 219M shares -2.15%
Weighted Average Number of Shares Outstanding, Diluted 220M shares -2.27%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 16.2B USD -0.98%
Revenue from Contract with Customer, Excluding Assessed Tax 14B USD -10.3%
General and Administrative Expense 383M USD +10.6%
Operating Income (Loss) 2.63B USD +3.46%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 1.87B USD -0.75%
Income Tax Expense (Benefit) 377M USD +39.3%
Net Income (Loss) Attributable to Parent 1.26B USD -7.59%
Earnings Per Share, Basic 5.58 USD/shares +147%
Earnings Per Share, Diluted 5.52 USD/shares +44.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 127M USD -8.82%
Accounts Receivable, after Allowance for Credit Loss, Current 1.3B USD +4.84%
Inventory, Net 415M USD -22.6%
Other Assets, Current 110M USD -20.5%
Assets, Current 2.03B USD -5.19%
Property, Plant and Equipment, Net 17.4B USD +13.6%
Operating Lease, Right-of-Use Asset 101M USD +76.4%
Goodwill 45.2M USD 0%
Other Assets, Noncurrent 167M USD +46.3%
Assets 21.9B USD +8.49%
Accounts Payable, Current 1.47B USD -7.17%
Accrued Liabilities, Current 321M USD +9.83%
Liabilities, Current 2.63B USD -2.04%
Long-term Debt and Lease Obligation 13.6B USD +10.4%
Deferred Income Tax Liabilities, Net 794M USD +89.7%
Operating Lease, Liability, Noncurrent 80.9M USD +128%
Other Liabilities, Noncurrent 340M USD -5.08%
Accumulated Other Comprehensive Income (Loss), Net of Tax 65.1M USD
Retained Earnings (Accumulated Deficit) 1B USD +229%
Stockholders' Equity Attributable to Parent 2.57B USD +2.71%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.46B USD +1.84%
Liabilities and Equity 21.9B USD +8.49%

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 242M shares +0.67%
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 127M USD -8.82%
Interest Paid, Excluding Capitalized Interest, Operating Activities 268M USD +26.7%
Deferred Tax Assets, Valuation Allowance 7.1M USD -24.5%
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 1.01B USD +9.25%
Payments to Acquire Property, Plant, and Equipment 670M USD +40.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 1.33B USD -2.53%
Lessee, Operating Lease, Liability, to be Paid 88.3M USD +87.5%
Property, Plant and Equipment, Gross 28.6B USD +12%
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 3.11B USD +1.46%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 376M USD -2.81%
Depreciation, Depletion and Amortization 1.39B USD +5.15%
Deferred Tax Assets, Net of Valuation Allowance 1.36B USD -12.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%