Targa Resources Corp

Chart & Performance

D1W1MN

P/E

26.88

P/S

2.10

EPS

5.90

Div Yield, %

1.26%

Shrs. gr., 5y

-0.98%

Rev. gr., 5y

13.57%

Revenues

16.38b

+2.00%

Net income

1.28b

-4.96%

CFO

3.65b

+13.64%

Dividend

Jul 31, 20240.75 USD/sh

Earnings

Jul 30, 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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	16,381,500 2.00%	16,060,300 -23.27%	20,929,800 23.48%
Cost of revenue	12,510,900	12,354,700	18,287,800
Unusual Expense (Income)
NOPBT	3,870,600	3,705,600	2,642,000
NOPBT Margin	23.63%	23.07%	12.62%
Operating Taxes	384,500	363,200	131,800
Tax Rate	9.93%	9.80%	4.99%
NOPAT	3,486,100	3,342,400	2,510,200
Net income	1,279,100 -4.96%	1,345,900 50.08%	896,800 112.46%
Dividends	(615,500)	(427,300)	(379,700)
Dividend yield	1.56%	2.18%	2.24%
Proceeds from repurchase of equity	(754,700)	(429,500)	(1,225,800)
BB yield	1.91%	2.19%	7.22%
Debt
Debt current	387,700	666,400	834,300
Long-term debt	14,175,400	12,736,000	10,986,600
Deferred revenue		248,800	198,800
Other long-term liabilities	484,300	1,481,700	253,900
Net debt	14,212,500	13,114,400	11,470,600
Cash flow
Cash from operating activities	3,649,700	3,211,600	2,380,800
CAPEX		(2,385,400)	(1,334,300)
Cash from investing activities	(3,021,300)	(2,400,800)	(4,149,700)
Cash from financing activities	(612,800)	(888,100)	1,829,400
FCF	1,718,400	1,694,900	(390,000)
Balance
Cash	157,300	141,700	219,000
Long term investments	193,300	146,300	131,300
Excess cash
Stockholders' equity	3,043,500	2,448,100	21,304,600
Invested Capital	19,077,100	18,065,400	16,999,900
ROIC	18.77%	19.06%	16.77%
ROCE	19.40%	19.92%	15.25%
EV
Common stock shares outstanding	221,300	226,000	231,100
Price	178.50 105.48%	86.87 18.19%	73.50 40.70%
Market cap	39,502,050 101.21%	19,632,620 15.58%	16,985,850 42.24%
EV	55,540,350	34,617,320	50,332,950
EBITDA	5,293,600	5,035,200	3,738,000
EV/EBITDA	10.49	6.88	13.47
Interest	767,200	687,800	446,100
Interest/NOPBT	19.82%	18.56%	16.88%