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Targa Resources Corp. TRGP

Sector:

Energy

Industry:

Oil & Gas Midstream

Description:

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.
Targa Resources Corp. website

Recent Quarter:

2024-11-05

Upcoming Quarter:

2025-02-20

Annual Reports

Date2024-02-15
Revenue 16,060,300,000
Net Income 1,345,900,000
EPS 3.69
Basic Shares 224,600,000
Diluted Shares 226,000,000
Report Link
Date2023-02-22
Revenue 20,929,800,000
Net Income 896,800,000
EPS 3.95
Basic Shares 227,300,000
Diluted Shares 231,100,000
Report Link
Date2022-02-24
Revenue 16,949,800,000
Net Income 422,100,000
EPS 1.85
Basic Shares 228,600,000
Diluted Shares 228,600,000
Report Link
Date2021-02-18
Revenue 8,260,300,000
Net Income -1,325,000,000
EPS -5.71
Basic Shares 232,200,000
Diluted Shares 232,200,000
Report Link
Date2020-02-20
Revenue 8,671,100,000
Net Income 41,200,000
EPS 0.18
Basic Shares 232,500,000
Diluted Shares 232,500,000
Report Link
Date2019-03-01
Revenue 10,484,000,000
Net Income 1,600,000
EPS 0.0071
Basic Shares 224,200,000
Diluted Shares 224,200,000
Report Link
Date2018-02-16
Revenue 8,814,900,000
Net Income 54,000,000
EPS -0.31
Basic Shares 204,516,129
Diluted Shares 206,900,000
Report Link
Date2017-02-21
Revenue 6,690,900,000
Net Income -187,300,000
EPS -1.01
Basic Shares 184,720,525
Diluted Shares 184,720,525
Report Link
Date2016-02-29
Revenue 6,658,600,000
Net Income 58,300,000
EPS 1.09
Basic Shares 53,500,000
Diluted Shares 53,600,000
Report Link
Date2015-02-17
Revenue 8,616,500,000
Net Income 102,300,000
EPS 2.44
Basic Shares 42,000,000
Diluted Shares 42,100,000
Report Link
Date2014-02-14
Revenue 6,556,000,000
Net Income 65,100,000
EPS 1.56
Basic Shares 41,600,000
Diluted Shares 42,100,000
Report Link
Date2013-02-19
Revenue 5,885,700,000
Net Income 38,100,000
EPS 0.93
Basic Shares 41,000,000
Diluted Shares 41,800,000
Report Link
Date2012-02-27
Revenue 6,994,500,000
Net Income 30,700,000
EPS 0.75
Basic Shares 41,000,000
Diluted Shares 41,400,000
Report Link
Date2011-03-30
Revenue 5,469,200,000
Net Income -15,000,000
EPS -2.31
Basic Shares 6,500,000
Diluted Shares 6,500,000
Report Link
Date2009-12-31
Revenue 4,536,000,000
Net Income 29,300,000
EPS 0.75
Basic Shares 42,300,000
Diluted Shares 42,300,000
Report Link
Date2008-12-31
Revenue 7,998,900,000
Net Income 37,300,000
EPS 8.67
Basic Shares 42,300,000
Diluted Shares 42,300,000
Report Link

Annual Ratios

Date2023-12-31
PE 14.50
Dividend Yield 2.19
Payout Ratio: 31.748%
Date2022-12-31
PE 18.63
Dividend Yield 2.27
Payout Ratio: 42.339%
Date2021-12-31
PE 28.29
Dividend Yield 1.57
Payout Ratio: 44.421%
Date2020-12-31
PE -4.62
Dividend Yield 6.46
Payout Ratio: -29.879%
Date2019-12-31
PE 230.41
Dividend Yield 10.16
Payout Ratio: 2341.748%
Date2018-12-31
PE 5047.30
Dividend Yield 11.25
Payout Ratio: 56768.750%
Date2017-12-31
PE 183.38
Dividend Yield 8.51
Payout Ratio: 1561.481%
Date2016-12-31
PE -55.30
Dividend Yield 5.46
Payout Ratio: -302.136%
Date2015-12-31
PE 24.83
Dividend Yield 12.36
Payout Ratio: 307.033%
Date2014-12-31
PE 43.54
Dividend Yield 2.54
Payout Ratio: 110.459%
Date2013-12-31
PE 56.34
Dividend Yield 9.87
Payout Ratio: 556.375%
Date2012-12-31
PE 56.86
Dividend Yield 12.63
Payout Ratio: 718.373%
Date2011-12-31
PE 54.34
Dividend Yield 2.29
Payout Ratio: 124.430%
Date2010-12-31
PE -11.62
Dividend Yield 257.14
Payout Ratio: -2987.333%
Date2009-12-31
PE 35.66
Dividend Yield 0.00
Payout Ratio: 0.000%
Date2008-12-31
PE 28.01
Dividend Yield 0.00
Payout Ratio: 0.000%

Quarterly Reports

Date2024-11-05
Revenue 3,851,800,000
Net Income 387,400,000
EPS 1.76
Basic Shares 219,000,000
Diluted Shares 220,000,000
Report Link
Date2024-08-01
Revenue 3,618,600,000
Net Income 298,500,000
EPS 1.34
Basic Shares 221,000,000
Diluted Shares 221,900,000
Report Link
Date2024-05-02
Revenue 4,597,500,000
Net Income 275,200,000
EPS 1.23
Basic Shares 222,800,000
Diluted Shares 223,700,000
Report Link
Date2024-02-15
Revenue 4,231,800,000
Net Income 299,600,000
EPS 1.25
Basic Shares 222,611,259
Diluted Shares 222,611,259
Report Link
Date2023-11-02
Revenue 3,896,600,000
Net Income 220,000,000
EPS 0.97
Basic Shares 223,800,000
Diluted Shares 225,100,000
Report Link
Date2023-08-03
Revenue 3,403,700,000
Net Income 329,300,000
EPS 1.44
Basic Shares 225,600,000
Diluted Shares 226,800,000
Report Link
Date2023-05-04
Revenue 4,520,500,000
Net Income 497,000,000
EPS 2.2
Basic Shares 226,400,000
Diluted Shares 229,300,000
Report Link
Date2023-02-22
Revenue 4,554,800,000
Net Income 318,000,000
EPS 1.41
Basic Shares 226,042,229
Diluted Shares 226,042,229
Report Link
Date2022-11-03
Revenue 5,360,100,000
Net Income 279,300,000
EPS 1.23
Basic Shares 226,600,000
Diluted Shares 230,300,000
Report Link
Date2022-08-04
Revenue 6,055,800,000
Net Income 596,400,000
EPS 2.62
Basic Shares 227,800,000
Diluted Shares 231,700,000
Report Link
Date2022-05-05
Revenue 4,959,100,000
Net Income 168,600,000
EPS 0.74
Basic Shares 228,500,000
Diluted Shares 232,400,000
Report Link
Date2022-02-24
Revenue 5,441,600,000
Net Income -313,600,000
EPS -1.37
Basic Shares 228,800,000
Diluted Shares 276,400,000
Report Link
Date2021-11-04
Revenue 4,459,700,000
Net Income 182,200,000
EPS 0.7
Basic Shares 228,800,000
Diluted Shares 276,400,000
Report Link
Date2021-08-05
Revenue 3,415,900,000
Net Income 56,200,000
EPS 0.15
Basic Shares 228,600,000
Diluted Shares 231,300,000
Report Link
Date2021-05-06
Revenue 3,632,700,000
Net Income 146,400,000
EPS 0.54
Basic Shares 228,500,000
Diluted Shares 274,700,000
Report Link
Date2021-02-18
Revenue 2,572,800,000
Net Income 33,600,000
EPS 1.15
Basic Shares 228,500,000
Diluted Shares 274,700,000
Report Link
Date2020-11-05
Revenue 2,115,100,000
Net Income 69,300,000
EPS 0.16
Basic Shares 233,400,000
Diluted Shares 233,800,000
Report Link
Date2020-08-06
Revenue 1,523,500,000
Net Income 81,000,000
EPS 0.21
Basic Shares 233,100,000
Diluted Shares 233,800,000
Report Link
Date2020-05-07
Revenue 2,048,900,000
Net Income -1,737,800,000
EPS -7.46
Basic Shares 232,855,263
Diluted Shares 233,000,000
Report Link
Date2020-02-20
Revenue 2,473,900,000
Net Income -112,800,000
EPS -0.48
Basic Shares 232,800,000
Diluted Shares 233,000,000
Report Link
Date2019-11-07
Revenue 1,902,500,000
Net Income -47,300,000
EPS -0.2
Basic Shares 231,176,470
Diluted Shares 232,700,000
Report Link
Date2019-08-09
Revenue 1,995,300,000
Net Income -10,200,000
EPS -0.0446
Basic Shares 228,888,888
Diluted Shares 232,400,000
Report Link
Date2019-05-08
Revenue 2,299,400,000
Net Income -38,900,000
EPS -0.17
Basic Shares 232,200,000
Diluted Shares 232,200,000
Report Link
Date2019-03-01
Revenue 2,597,700,000
Net Income -106,600,000
EPS -0.46
Basic Shares 230,500,000
Diluted Shares 232,200,000
Report Link
Date2018-11-08
Revenue 2,986,400,000
Net Income -23,700,000
EPS -0.11
Basic Shares 225,000,000
Diluted Shares 226,500,000
Report Link
Date2018-08-09
Revenue 2,444,400,000
Net Income 109,100,000
EPS 0.36
Basic Shares 221,100,000
Diluted Shares 222,800,000
Report Link
Date2018-05-03
Revenue 2,455,600,000
Net Income 22,900,000
EPS -0.03
Basic Shares 218,700,000
Diluted Shares 218,700,000
Report Link
Date2018-02-16
Revenue 2,702,800,000
Net Income 283,300,000
EPS 1.3
Basic Shares 216,200,000
Diluted Shares 218,700,000
Report Link
Date2017-11-03
Revenue 2,131,800,000
Net Income -167,600,000
EPS -0.78
Basic Shares 215,600,000
Diluted Shares 215,600,000
Report Link
Date2017-08-03
Revenue 1,867,700,000
Net Income 57,600,000
EPS 0.14
Basic Shares 203,700,000
Diluted Shares 205,000,000
Report Link
Date2017-05-04
Revenue 2,112,600,000
Net Income -119,300,000
EPS -0.62
Basic Shares 191,800,000
Diluted Shares 191,800,000
Report Link
Date2017-02-21
Revenue 2,012,600,000
Net Income -150,800,000
EPS -0.83
Basic Shares 181,100,018
Diluted Shares 184,720,525
Report Link
Date2016-11-04
Revenue 1,652,300,000
Net Income -10,700,000
EPS -0.0637
Basic Shares 168,000,579
Diluted Shares 173,193,354
Report Link
Date2016-08-03
Revenue 1,583,600,000
Net Income -23,200,000
EPS -0.15
Basic Shares 159,393,939
Diluted Shares 161,600,000
Report Link
Date2016-05-10
Revenue 1,442,400,000
Net Income -2,700,000
EPS -0.0168
Basic Shares 160,580,627
Diluted Shares 160,580,627
Report Link
Date2016-02-29
Revenue 1,647,400,000
Net Income 26,900,000
EPS 0.48
Basic Shares 56,000,000
Diluted Shares 56,000,000
Report Link
Date2015-11-03
Revenue 1,632,100,000
Net Income 12,700,000
EPS 0.23
Basic Shares 56,000,000
Diluted Shares 56,100,000
Report Link
Date2015-08-04
Revenue 1,699,400,000
Net Income 15,200,000
EPS 0.27
Basic Shares 55,900,000
Diluted Shares 56,100,000
Report Link
Date2015-05-07
Revenue 1,679,700,000
Net Income 3,200,000
EPS 0.07
Basic Shares 45,800,000
Diluted Shares 45,900,000
Report Link
Date2015-02-17
Revenue 2,032,900,000
Net Income 25,600,000
EPS 0.61
Basic Shares 42,000,000
Diluted Shares 42,100,000
Report Link
Date2014-11-04
Revenue 2,288,300,000
Net Income 30,700,000
EPS 0.73
Basic Shares 42,000,000
Diluted Shares 42,100,000
Report Link
Date2014-08-01
Revenue 2,061,900,000
Net Income 26,400,000
EPS 0.63
Basic Shares 42,000,000
Diluted Shares 42,100,000
Report Link
Date2014-05-02
Revenue 2,352,900,000
Net Income 19,600,000
EPS 0.47
Basic Shares 42,000,000
Diluted Shares 42,100,000
Report Link
Date2014-02-14
Revenue 2,159,800,000
Net Income 20,400,000
EPS 0.49
Basic Shares 41,700,000
Diluted Shares 42,100,000
Report Link
Date2013-11-05
Revenue 1,556,800,000
Net Income 16,300,000
EPS 0.39
Basic Shares 41,600,000
Diluted Shares 42,100,000
Report Link
Date2013-08-02
Revenue 1,441,600,000
Net Income 15,000,000
EPS 0.36
Basic Shares 41,600,000
Diluted Shares 42,100,000
Report Link
Date2013-05-03
Revenue 1,397,800,000
Net Income 13,400,000
EPS 0.32
Basic Shares 41,600,000
Diluted Shares 42,000,000
Report Link
Date2013-02-19
Revenue 1,527,300,000
Net Income 11,200,000
EPS 0.27
Basic Shares 41,000,000
Diluted Shares 41,900,000
Report Link
Date2012-11-01
Revenue 1,393,500,000
Net Income 8,700,000
EPS 0.21
Basic Shares 41,000,000
Diluted Shares 41,900,000
Report Link
Date2012-08-06
Revenue 1,319,100,000
Net Income 8,600,000
EPS 0.21
Basic Shares 41,000,000
Diluted Shares 41,900,000
Report Link
Date2012-05-04
Revenue 1,645,800,000
Net Income 9,600,000
EPS 0.23
Basic Shares 41,000,000
Diluted Shares 41,800,000
Report Link
Date2012-02-27
Revenue 1,934,000,000
Net Income 8,500,000
EPS 0.21
Basic Shares 41,000,000
Diluted Shares 41,800,000
Report Link
Date2011-11-07
Revenue 1,713,600,000
Net Income 4,900,000
EPS 0.12
Basic Shares 41,000,000
Diluted Shares 41,500,000
Report Link
Date2011-08-08
Revenue 1,727,700,000
Net Income 10,500,000
EPS 0.26
Basic Shares 41,000,000
Diluted Shares 41,400,000
Report Link
Date2011-05-06
Revenue 1,618,100,000
Net Income 6,800,000
EPS 0.17
Basic Shares 40,900,000
Diluted Shares 41,300,000
Report Link
Date2011-03-30
Revenue 1,527,200,000
Net Income -7,800,000
EPS -0.19
Basic Shares 40,900,000
Diluted Shares 41,300,000
Report Link
Date2010-09-30
Revenue 1,220,000,000
Net Income -17,500,000
EPS -0.41
Basic Shares 42,292,348
Diluted Shares 42,292,348
Report Link
Date2010-06-30
Revenue 1,240,100,000
Net Income -11,600,000
EPS -0.27
Basic Shares 42,300,000
Diluted Shares 42,300,000
Report Link
Date2010-03-31
Revenue 1,483,600,000
Net Income 21,900,000
EPS 5.62
Basic Shares 42,300,000
Diluted Shares 42,300,000
Report Link
Date2009-12-31
Revenue 1,391,000,000
Net Income 16,300,000
EPS 4.18
Basic Shares 3,900,000
Diluted Shares 3,900,000
Report Link
Date2009-09-30
Revenue 1,125,600,000
Net Income -500,000
EPS -0.13
Basic Shares 3,900,000
Diluted Shares 3,900,000
Report Link

Quarterly Ratios

Date2024-09-30
PE 20.92
Dividend Yield 0.51
Payout Ratio: 42.953%
Date2024-06-30
PE 24.30
Dividend Yield 0.58
Payout Ratio: 56.147%
Date2024-03-31
PE 22.72
Dividend Yield 0.47
Payout Ratio: 42.369%
Date2023-12-31
PE 16.14
Dividend Yield 0.58
Payout Ratio: 37.550%
Date2023-09-30
PE 21.80
Dividend Yield 0.60
Payout Ratio: 52.364%
Date2023-06-30
PE 13.03
Dividend Yield 0.67
Payout Ratio: 34.710%
Date2023-03-31
PE 8.31
Dividend Yield 0.52
Payout Ratio: 17.163%
Date2022-12-31
PE 13.06
Dividend Yield 0.49
Payout Ratio: 25.440%
Date2022-09-30
PE 12.24
Dividend Yield 0.59
Payout Ratio: 29.001%
Date2022-06-30
PE 5.70
Dividend Yield 0.81
Payout Ratio: 18.410%
Date2022-03-31
PE 25.57
Dividend Yield 0.63
Payout Ratio: 64.057%
Date2021-12-31
PE -9.53
Dividend Yield 0.40
Payout Ratio: -15.083%
Date2021-09-30
PE 15.45
Dividend Yield 0.42
Payout Ratio: 26.070%
Date2021-06-30
PE 45.20
Dividend Yield 0.44
Payout Ratio: 79.537%
Date2021-03-31
PE 12.39
Dividend Yield 0.66
Payout Ratio: 32.787%
Date2020-12-31
PE 44.85
Dividend Yield 0.84
Payout Ratio: 151.190%
Date2020-09-30
PE 11.81
Dividend Yield 1.64
Payout Ratio: 77.633%
Date2020-06-30
PE 14.44
Dividend Yield 1.06
Payout Ratio: 60.988%
Date2020-03-31
PE -0.23
Dividend Yield 15.03
Payout Ratio: -13.920%
Date2019-12-31
PE -21.07
Dividend Yield 2.50
Payout Ratio: -211.082%
Date2019-09-30
PE -49.08
Dividend Yield 2.61
Payout Ratio: -512.474%
Date2019-06-30
PE -224.29
Dividend Yield 2.59
Payout Ratio: -2327.451%
Date2019-03-31
PE -63.24
Dividend Yield 2.51
Payout Ratio: -634.704%
Date2018-12-31
PE -19.47
Dividend Yield 2.79
Payout Ratio: -217.355%
Date2018-09-30
PE -136.69
Dividend Yield 1.79
Payout Ratio: -975.949%
Date2018-06-30
PE 25.07
Dividend Yield 2.04
Payout Ratio: 204.125%
Date2018-03-31
PE 105.05
Dividend Yield 2.31
Payout Ratio: 972.052%
Date2017-12-31
PE 9.24
Dividend Yield 2.09
Payout Ratio: 77.374%
Date2017-09-30
PE -15.21
Dividend Yield 2.17
Payout Ratio: -131.862%
Date2017-06-30
PE 39.96
Dividend Yield 2.21
Payout Ratio: 352.951%
Date2017-03-31
PE -24.08
Dividend Yield 1.74
Payout Ratio: -167.393%
Date2016-12-31
PE -16.83
Dividend Yield 1.85
Payout Ratio: -124.469%
Date2016-09-30
PE -192.77
Dividend Yield 2.14
Payout Ratio: -1652.336%
Date2016-06-30
PE -72.38
Dividend Yield 2.23
Payout Ratio: -646.552%
Date2016-03-31
PE -443.98
Dividend Yield 1.07
Payout Ratio: -1903.704%
Date2015-12-31
PE 14.08
Dividend Yield 3.37
Payout Ratio: 189.591%
Date2015-09-30
PE 56.79
Dividend Yield 1.70
Payout Ratio: 386.614%
Date2015-06-30
PE 82.03
Dividend Yield 0.93
Payout Ratio: 305.921%
Date2015-03-31
PE 342.75
Dividend Yield 0.74
Payout Ratio: 1012.500%
Date2014-12-31
PE 43.50
Dividend Yield 0.69
Payout Ratio: 120.313%
Date2014-09-30
PE 46.57
Dividend Yield 0.52
Payout Ratio: 96.091%
Date2014-06-30
PE 55.51
Dividend Yield 0.46
Payout Ratio: 103.030%
Date2014-03-31
PE 53.18
Dividend Yield 0.61
Payout Ratio: 130.102%
Date2013-12-31
PE 45.06
Dividend Yield 2.86
Payout Ratio: 516.176%
Date2013-09-30
PE 46.55
Dividend Yield 3.01
Payout Ratio: 560.736%
Date2013-06-30
PE 46.13
Dividend Yield 3.06
Payout Ratio: 565.333%
Date2013-03-31
PE 52.76
Dividend Yield 2.85
Payout Ratio: 602.239%
Date2012-12-31
PE 48.36
Dividend Yield 3.21
Payout Ratio: 620.536%
Date2012-09-30
PE 60.19
Dividend Yield 3.36
Payout Ratio: 808.046%
Date2012-06-30
PE 50.89
Dividend Yield 3.76
Payout Ratio: 765.116%
Date2012-03-31
PE 48.53
Dividend Yield 3.65
Payout Ratio: 709.375%
Date2011-12-31
PE 49.07
Dividend Yield 0.76
Payout Ratio: 148.235%
Date2011-09-30
PE 62.23
Dividend Yield 0.98
Payout Ratio: 242.857%
Date2011-06-30
PE 32.66
Dividend Yield 0.81
Payout Ratio: 105.714%
Date2011-03-31
PE 54.49
Dividend Yield 0.18
Payout Ratio: 38.235%
Date2010-12-31
PE -35.15
Dividend Yield 2.57
Payout Ratio: -361.538%
Date2010-09-30
PE -14.92
Dividend Yield 0.00
Payout Ratio: 0.000%
Date2010-06-30
PE -22.52
Dividend Yield 40.19
Payout Ratio: -3619.828%
Date2010-03-31
PE 11.93
Dividend Yield 0.00
Payout Ratio: 0.000%
Date2009-12-31
PE 1.48
Dividend Yield 0.00
Payout Ratio: 0.000%
Date2009-09-30
PE -48.17
Dividend Yield 0.00
Payout Ratio: 0.000%

RSI:

84.42

Price:

$203.57

Market Cap:

44,391,084,910

EPS TTM:

5.58

PE Ratio:

35.24

PEPSG:

0.6325

Fwd PE:

22.29

Volume:

1,677,950

2 Year Price Change

2.882

Index 2 Year Price Change

1.497

5 Year Price Change

5.289

Index 5 Year Price Change

1.905
PESPG: Growth Rate of EPS projected to next quarter and 6 months trailing. Lower is better to help calculate nexts quarters PE Ratio today. Diluted shares effects the EPS reported and makes calculation show as extremely poor expected growth.

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