Targa Resources Stock (NYSE:TRGP)


ForecastRevenueOwnershipFinancialsChartTranscripts

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$203.57

52W Range

$81.03 - $205.20

50D Avg

$165.79

200D Avg

$131.42

Market Cap

$44.23B

Avg Vol (3M)

$1.70M

Beta

2.24

Div Yield

$3.00 (1.73%)

TRGP Company 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.

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Industry

Oil & Gas Midstream

Sector

Energy

Exchange

NYSE

ADR

-

Country

US

Employees

3,182

IPO Date

Dec 07, 2010

Website

TRGP Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Product$13.96B$19.07B$15.60B
Gathering And Processing Fees$1.34B$1.14B$730.30M
Midstream Services Other$53.60M$69.30M$46.70M
N G L Transportation Fractionation And Services$261.10M$285.10M$190.60M
Natural Gas Liquids$10.58B$13.79B-
Natural Gas$2.42B$5.47B-
Oil and Condensate$519.50M$565.30M-
Service$2.10B$1.86B$1.35B
Storage Terminaling And Export$440.70M$372.20M$379.70M
Natural Gas Reserves--$3.52B
Oil And Condensate--$358.40M
Natural Gas Liquids Reserves--$12.21B

Fiscal year ends in Dec 23 | Currency in USD

TRGP Financial Summary


Dec 23Dec 22Dec 21
Revenue$16.06B$20.93B$16.95B
Operating Income$2.63B$1.73B$1.29B
Net Income$2.31B$896.80M$422.10M
EBITDA$2.58B$2.77B$2.16B
Basic EPS$10.27$3.95$1.85
Diluted EPS$10.20$3.88$1.85

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Nov 05, 24 | 2:36 PM
Q2 24Aug 01, 24 | 5:02 PM
Q1 24May 02, 24 | 12:00 AM

Peer Comparison


TickerCompany
PAAPlains All American Pipeline, L.P.
ENLCEnLink Midstream, LLC
MPLXMPLX LP
WESWestern Midstream Partners, LP
HESMHess Midstream LP
PAGPPlains GP Holdings, L.P.