Targa Financial Statements From 2010 to 2024

TRGP Stock  USD 207.31  0.38  0.18%   
Targa Resources financial statements provide useful quarterly and yearly information to potential Targa Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Targa Resources financial statements helps investors assess Targa Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Targa Resources' valuation are summarized below:
Gross Profit
B
Profit Margin
0.0777
Market Capitalization
45.2 B
Enterprise Value Revenue
3.664
Revenue
16.2 B
There are currently one hundred twenty fundamental trend indicators for Targa Resources that can be evaluated and compared over time across competition. Investors and active traders are advised to double-check Targa Resources' current fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 11/25/2024, Market Cap is likely to grow to about 10.4 B

Targa Resources Total Revenue

10.28 Billion

Check Targa Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Targa Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 B, Interest Expense of 722.2 M or Selling General Administrative of 220.9 M, as well as many indicators such as Price To Sales Ratio of 1.28, Dividend Yield of 0.0208 or PTB Ratio of 8.58. Targa financial statements analysis is a perfect complement when working with Targa Resources Valuation or Volatility modules.
  
Check out the analysis of Targa Resources Correlation against competitors.
To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.

Targa Resources Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding134.9 M226 M141.9 M
Slightly volatile
Total Assets12.3 B20.7 B12.3 B
Slightly volatile
Short and Long Term Debt Total13.7 B13 B6.4 B
Slightly volatile
Other Current Liabilities300 M519.6 M284.3 M
Slightly volatile
Total Current Liabilities1.6 B2.8 B1.6 B
Slightly volatile
Total Stockholder Equity2.5 B2.7 B2.6 B
Slightly volatile
Other Liabilities456.6 M897.5 M492.4 M
Slightly volatile
Property Plant And Equipment Net9.2 B15.8 B9.2 B
Slightly volatile
Net Debt13.5 B12.9 B6.2 B
Slightly volatile
Accounts Payable852.8 M1.6 B853.1 M
Slightly volatile
Cash142.5 M141.7 M170.1 M
Very volatile
Non Current Assets Total11 B18.5 B11 B
Slightly volatile
Other Assets160.3 M141.3 M152 M
Pretty Stable
Long Term Debt12.7 B12.1 B5.9 B
Slightly volatile
Cash And Short Term Investments142.5 M141.7 M170.1 M
Very volatile
Net Receivables850.6 M1.5 B823.4 M
Slightly volatile
Liabilities And Stockholders Equity12.3 B20.7 B12.3 B
Slightly volatile
Non Current Liabilities Total15.4 B14.7 B6.8 B
Slightly volatile
Inventory390.1 M371.5 M192 M
Slightly volatile
Other Current Assets220.9 M210.4 M102.3 M
Slightly volatile
Total Liabilities16.9 B16.1 B8.2 B
Slightly volatile
Property Plant And Equipment Gross27.6 B26.3 B12.4 B
Slightly volatile
Total Current Assets1.4 B2.2 B1.3 B
Slightly volatile
Short Term Debt358 M666.4 M327.3 M
Slightly volatile
Property Plant Equipment8.7 B16.3 B9.2 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity2.5 B2.7 B2.3 B
Slightly volatile
Long Term Debt Total12.9 B12.3 B6.1 B
Slightly volatile
Capital Surpluse3.8 B4.3 B3.1 B
Slightly volatile
Deferred Long Term Liabilities380.3 M538 M332.9 M
Slightly volatile
Long Term Investments139 M146.3 M252.2 M
Slightly volatile
Non Current Liabilities Other6.5 M6.8 M131.6 M
Pretty Stable
Intangible Assets1.7 B2.4 B1.5 B
Slightly volatile
Short and Long Term Debt473.7 M575 M367.4 M
Slightly volatile
Warrants905.3 M862.2 M376.3 M
Slightly volatile
Net Invested Capital13.4 B15.4 B11.8 B
Slightly volatile
Capital Stock171 K180 K18.8 M
Pretty Stable
Capital Lease Obligations181.6 M346.3 M118.3 M
Slightly volatile

Targa Resources Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.4 B1.3 B494.8 M
Slightly volatile
Interest Expense722.2 M687.8 M302.2 M
Slightly volatile
Selling General Administrative220.9 M348.7 M211.3 M
Slightly volatile
Total Revenue10.3 B16.1 B10 B
Slightly volatile
Gross Profit1.6 BB1.5 B
Slightly volatile
Other Operating Expenses9.5 B13.4 B9.2 B
Slightly volatile
Cost Of Revenue8.7 B13.1 B8.5 B
Slightly volatile
Total Operating Expenses2.9 B2.8 B1.1 B
Slightly volatile
Non Recurring625.1 M520.1 M486.9 M
Slightly volatile
Interest Income270.8 M343.6 M260.9 M
Slightly volatile
Preferred Stock And Other Adjustments25.6 M27 M69.7 M
Slightly volatile
Reconciled Depreciation1.1 B1.3 B898.2 M
Slightly volatile
Extraordinary Items215.6 M242.6 M264.1 M
Slightly volatile
Selling And Marketing Expenses862.3 M970.1 M1.1 B
Slightly volatile

Targa Resources Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation37 M62.4 M37.2 M
Slightly volatile
Begin Period Cash Flow198.4 M219 M164.6 M
Slightly volatile
Depreciation666.8 M1.3 B668.2 M
Slightly volatile
Dividends Paid485.3 M427.3 M443.7 M
Pretty Stable
Capital Expenditures2.5 B2.4 B1.3 B
Slightly volatile
Total Cash From Operating Activities3.4 B3.2 B1.4 B
Slightly volatile
End Period Cash Flow142.5 M141.7 M170.1 M
Very volatile
Change To Netincome100.8 M106.1 M309 M
Slightly volatile
Change To Operating Activities19.4 M31.9 M25.1 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.281.21490.7538
Slightly volatile
Dividend Yield0.02080.02190.2312
Slightly volatile
PTB Ratio8.587.12168.0093
Slightly volatile
Days Sales Outstanding24.7133.431230.3482
Pretty Stable
Book Value Per Share19.520.525438.3241
Slightly volatile
Operating Cash Flow Per Share12.2514.299210.0285
Very volatile
Stock Based Compensation To Revenue0.00290.00390.0037
Slightly volatile
Capex To Depreciation1.391.79411.8611
Pretty Stable
PB Ratio8.587.12168.0093
Slightly volatile
EV To Sales2.122.01611.3353
Slightly volatile
Inventory Turnover63.1535.219152.8372
Pretty Stable
Days Of Inventory On Hand5.910.36377.746
Pretty Stable
Payables Turnover14.628.307812.6922
Slightly volatile
Sales General And Administrative To Revenue0.0180.02170.0219
Very volatile
Capex To Revenue0.0880.14850.1223
Pretty Stable
Cash Per Share0.60.63092.1276
Slightly volatile
POCF Ratio4.586.07526.142
Very volatile
Capex To Operating Cash Flow0.850.74271.1185
Pretty Stable
Days Payables Outstanding28.0443.934836.6112
Slightly volatile
EV To Operating Cash Flow8.5310.082110.9818
Very volatile
Current Ratio1.110.79490.9769
Slightly volatile
Tangible Book Value Per Share9.5610.059727.0004
Slightly volatile
Receivables Turnover13.8210.917912.7845
Slightly volatile
Graham Number42.5840.554520.393
Slightly volatile
Shareholders Equity Per Share11.4912.198114.4611
Slightly volatile
Debt To Equity8.974.63917.4139
Slightly volatile
Capex Per Share11.3710.620710.2033
Pretty Stable
Average Receivables468.3 M566.2 M579.2 M
Pretty Stable
Revenue Per Share67.9371.506299.6718
Slightly volatile
Interest Debt Per Share69.5159.650952.5321
Pretty Stable
Debt To Assets0.370.61480.4588
Very volatile
Short Term Coverage Ratios9.595.17426.6599
Pretty Stable
Operating Cycle30.6143.794938.0942
Pretty Stable
Price Book Value Ratio8.587.12168.0093
Slightly volatile
Days Of Payables Outstanding28.0443.934836.6112
Slightly volatile
Price To Operating Cash Flows Ratio4.586.07526.142
Very volatile
Company Equity Multiplier7.177.545314.5514
Slightly volatile
Long Term Debt To Capitalization0.850.81520.7535
Slightly volatile
Total Debt To Capitalization0.860.82270.7628
Slightly volatile
Debt Equity Ratio8.974.63917.4139
Slightly volatile
Quick Ratio0.970.66030.8478
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.331.14181.1315
Very volatile
Cash Ratio0.04880.05130.1476
Slightly volatile
Operating Cash Flow Sales Ratio0.210.20.1233
Slightly volatile
Days Of Inventory Outstanding5.910.36377.746
Pretty Stable
Days Of Sales Outstanding24.7133.431230.3482
Pretty Stable
Cash Flow Coverage Ratios0.160.25270.2045
Pretty Stable
Price To Book Ratio8.587.12168.0093
Slightly volatile
Fixed Asset Turnover1.561.01611.3535
Slightly volatile
Capital Expenditure Coverage Ratio1.721.34641.4521
Pretty Stable
Price Cash Flow Ratio4.586.07526.142
Very volatile
Debt Ratio0.370.61480.4588
Very volatile
Cash Flow To Debt Ratio0.160.25270.2045
Pretty Stable
Price Sales Ratio1.281.21490.7538
Slightly volatile
Asset Turnover1.160.77690.9967
Slightly volatile
Gross Profit Margin0.120.18530.1516
Slightly volatile
Price Fair Value8.587.12168.0093
Slightly volatile

Targa Resources Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap10.4 B9.3 B9.5 B
Slightly volatile
Enterprise Value16.5 B17 B15.2 B
Slightly volatile

Targa Fundamental Market Drivers

Forward Price Earnings26.8097
Cash And Short Term Investments141.7 M

Targa Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Targa Resources Financial Statements

Targa Resources shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Targa Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Targa Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Targa Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue-535.2 M-508.4 M
Total Revenue16.1 B10.3 B
Cost Of Revenue13.1 B8.7 B
Sales General And Administrative To Revenue 0.02  0.02 
Capex To Revenue 0.15  0.09 
Revenue Per Share 71.51  67.93 
Ebit Per Revenue 0.16  0.17 

Pair Trading with Targa Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Targa Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Targa Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Targa Stock

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Moving against Targa Stock

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The ability to find closely correlated positions to Targa Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Targa Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Targa Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Targa Resources to buy it.
The correlation of Targa Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Targa Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Targa Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Targa Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Targa Stock Analysis

When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.