Targa Resources Corp Stock Net Income

0LD9 Stock   185.27  1.56  0.83%   
Targa Resources Corp fundamentals help investors to digest information that contributes to Targa Resources' financial success or failures. It also enables traders to predict the movement of Targa Stock. The fundamental analysis module provides a way to measure Targa Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Targa Resources stock.
Last ReportedProjected for Next Year
Net Income1.6 B1.7 B
Net Income Applicable To Common SharesB1.1 B
Net Income is likely to gain to about 1.7 B in 2024. Net Income Applicable To Common Shares is likely to gain to about 1.1 B in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Targa Resources Corp Company Net Income Analysis

Targa Resources' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current Targa Resources Net Income

    
  1.58 B  
Most of Targa Resources' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Targa Resources Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Targa Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

89.88 Million

At this time, Targa Resources' Accumulated Other Comprehensive Income is comparatively stable compared to the past year.
Based on the recorded statements, Targa Resources Corp reported net income of 1.58 B. This is much higher than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The net income for all United Kingdom stocks is 176.59% lower than that of the firm.

Targa Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Targa Resources' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Targa Resources could also be used in its relative valuation, which is a method of valuing Targa Resources by comparing valuation metrics of similar companies.
Targa Resources is currently under evaluation in net income category among its peers.

Targa Fundamentals

About Targa Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Targa Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Targa Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Targa Resources Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.