Targa Resources Corp

Chart & Performance

D1W1MN

P/E

29.28

P/S

2.45

EPS

6.17

Div Yield, %

1.08%

Shrs. gr., 5y

0.16%

Rev. gr., 5y

8.90%

Revenues

16.06b

-23.27%

Net income

1.35b

+50.08%

CFO

3.21b

+34.90%

Dividend

Jul 31, 20240.75 USD/sh

Earnings

Feb 13, 2025

Profile

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. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It 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, storing, terminaling, purchasing, and selling crude oil. The company 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, it 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. The company 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, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

URL

https://www.targaresources.com/

IPO date

Dec 07, 2010

Employees

2,850

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	16,060,300 -23.27%	20,929,800 23.48%	16,949,800 105.20%
Cost of revenue	12,354,700	18,287,800	14,873,300
Unusual Expense (Income)
NOPBT	3,705,600	2,642,000	2,076,500
NOPBT Margin	23.07%	12.62%	12.25%
Operating Taxes	363,200	131,800	14,800
Tax Rate	9.80%	4.99%	0.71%
NOPAT	3,342,400	2,510,200	2,061,700
Net income	1,345,900 50.08%	896,800 112.46%	422,100 -131.86%
Dividends	(427,300)	(379,700)	(187,500)
Dividend yield	2.18%	2.24%	1.57%
Proceeds from repurchase of equity	(429,500)	(1,225,800)	2,196,800
BB yield	2.19%	7.22%	-18.40%
Debt
Debt current	666,400	834,300	162,800
Long-term debt	12,736,000	10,986,600	6,529,900
Deferred revenue	248,800	198,800	171,800
Other long-term liabilities	1,481,700	253,900	204,600
Net debt	13,114,400	11,470,600	5,947,700
Cash flow
Cash from operating activities	3,211,600	2,380,800	2,302,900
CAPEX	(2,385,400)	(1,334,300)	(505,100)
Cash from investing activities	(2,400,800)	(4,149,700)	(473,200)
Cash from financing activities	(888,100)	1,829,400	(1,914,000)
FCF	1,694,900	(390,000)	2,940,600
Balance
Cash	141,700	219,000	158,500
Long term investments	146,300	131,300	586,500
Excess cash
Stockholders' equity	2,448,100	21,304,600	1,863,600
Invested Capital	18,065,400	16,999,900	12,936,500
ROIC	19.06%	16.77%	15.44%
ROCE	19.92%	15.25%	15.88%
EV
Common stock shares outstanding	226,000	231,100	228,600
Price	86.87 18.19%	73.50 40.70%	52.24 98.03%
Market cap	19,632,620 15.58%	16,985,850 42.24%	11,942,064 94.96%
EV	34,617,320	50,332,950	21,806,364
EBITDA	5,035,200	3,738,000	2,947,100
EV/EBITDA	6.88	13.47	7.40
Interest	687,800	446,100	387,900
Interest/NOPBT	18.56%	16.88%	18.68%