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Targa Resources Inc (NYSE:TRGP)
174.35 USD
+5.210 3.080%Sponsored Reports
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| Previous Close (in USD) | 169.14 |
|---|---|
| Change | +5.210 3.080% |
| 52 W H/L (in USD) | 91.440/63.635 |
| EBITDA (in USD) | 3866.3M |
| PE Ratio | 22.76 |
| Volume | 1329228 |
| Diluted Eps TTM | 3.81 |
| Total Assets (in USD) | 19560M |
|---|---|
| Total Liabilities (in USD) | 14577.8M |
| Revenue TTM (in USD) | 16375.6M |
| Cash (in USD) | 219M |
| Market Cap (in USD) | 19,334.248 M |
| Revenue Per Share TTM | 72.619 |
| Gross Profit TTM (in USD) | 4047.7M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Targa Resources Inc
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure 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. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
Employees: 2850
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Matthew J. Meloy | CEO & Director | 1978 |
| 2. | Ms. Jennifer R. Kneale | Chief Financial Officer | 1979 |
| 3. | Mr. D. Scott Pryor | Pres of Logistics & Transportation | 1963 |
| 4. | Mr. Patrick J. McDonie | Pres of Gathering & Processing | 1961 |
| 5. | Mr. Robert M. Muraro | Chief Commercial Officer | 1977 |
| 6. | Mr. G. Clark White | Exec. VP of Operations | 1960 |
| 7. | Ms. Julie H. Boushka | Sr. VP & Chief Accounting Officer | 1963 |
| 8. | Mr. Sanjay Lad | VP of Fin. & Investor Relations | NA |
| 9. | Ms. Regina L. Gregory | Exec. VP, Gen. Counsel & Sec. | 1971 |
| 10. | Mr. Denny Latham | Exec. VP of Permian & Gen. Partner | NA |
Peers
Sector: Energy
Industry: Oil & Gas Midstream
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
ENB
Enbridge Inc |
-0.280 0.598% | 46.76 | 32.070 | 17.331 | 1.669 | 1.733 | 2.984 | 10.283 |
|
EBBNF
Enbridge Inc |
-0.035 0.153% | 22.895 | 8.690 | 0.000 | 1.656 | 0.000 | 0.000 | 0.000 |
|
ET
Energy Transfer LP |
-0.200 1.084% | 18.71 | 13.600 | 10.881 | 0.751 | 1.744 | 1.484 | 7.820 |
|
EPD
Enterprise Products Partners LP |
-0.015 0.047% | 32.23 | 10.720 | 9.901 | 1.175 | 2.094 | 1.756 | 9.645 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 1663.2M | 436.9M | -1573.1M | -46.7M | 65.9M |
| Minority Interest | 335.9M | 350.9M | 228.9M | 3522.1M | 1391.4M |
| Net Income | 1195.5M | 422.1M | -1325M | 41.2M | 1.6M |
| Selling General Administrative | 309.7M | 273.2M | 254.6M | 280.7M | 256.9M |
| Gross Profit | 2951.7M | 2349.7M | 2290.1M | 1581M | 1429.9M |
| Reconciled Depreciation | 1096M | 870.6M | 865.1M | 971.6M | 815.9M |
| Ebit | 1729M | 1289.5M | 3809.6M | 618.7M | 648.5M |
| Ebitda | 2769.6M | 2160.1M | 4674.7M | 1590.3M | 1464.4M |
| Depreciation And Amortization | 1040.6M | 870.6M | 865.1M | 971.6M | 815.9M |
| Operating Income | 1729M | 1289.5M | 3809.6M | 618.7M | 237.5M |
| Other Operating Expenses | 19200.6M | 15620.4M | 7007.2M | 8235M | 10036.6M |
| Interest Expense | 446.1M | 387.9M | -391.3M | 337.8M | 185.8M |
| Tax Provision | 131.8M | 14.8M | -248.1M | -87.9M | 5.5M |
| Interest Income | - | - | - | 298.8M | 178.5M |
| Net Interest Income | -495.7M | -404.5M | -345.7M | -337.8M | -185.8M |
| Income Tax Expense | 131.8M | 14.8M | -248.1M | -87.9M | 5.5M |
| Total Revenue | 20929.8M | 16949.8M | 8260.3M | 8671.1M | 10484M |
| Total Operating Expenses | 1222.5M | 1020.3M | 1037M | 1144.9M | 982.5M |
| Cost Of Revenue | 17978.1M | 14600.1M | 5970.2M | 7090.1M | 9054.1M |
| Total Other Income Expense Net | -65.8M | -852.6M | -5382.7M | -665.4M | -193.7M |
| Net Income From Continuing Ops | 1531.4M | 422.1M | -1325M | 41.2M | 60.4M |
| Net Income Applicable To Common Shares | 896.8M | -16.1M | -1684.8M | -334M | -119.3M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Total Assets | 19560M | 15208.2M | 15875.7M | 18815.1M | 16938.2M |
| Intangible Assets | 2734.6M | 1094.8M | 1382.4M | 1735M | 1983.2M |
| Other Current Assets | 155.5M | 82.9M | 87.7M | 69.7M | 41.3M |
| Total Liab | 14577.8M | 9279.8M | 9671.1M | 10093.4M | 9221.7M |
| Total Stockholder Equity | 2665.7M | 2761.5M | 2955.3M | 5199.6M | 6325.1M |
| Other Current Liab | 455.9M | 258.2M | 142.6M | 110.5M | 522.7M |
| Common Stock | 0.2M | 0.2M | 0.2M | 0.2M | 0.2M |
| Capital Stock | 0.2M | 0.2M | 0.2M | 279M | 0.2M |
| Retained Earnings | -626.8M | -1822.3M | -1893.5M | -339.6M | -130.4M |
| Good Will | - | - | - | 45.2M | 46.6M |
| Other Assets | 122.9M | 89.4M | 860M | 47.4M | 70.6M |
| Cash | 219M | 158.5M | 242.8M | 331.1M | 232.1M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 3066.7M | 2298.5M | 1779.4M | 1872.6M | 2798.8M |
| Current Deferred Revenue | 327.7M | 475.2M | 434.4M | 382.8M | 47.7M |
| Net Debt | 11346M | 6473.2M | 7559.1M | 7538.5M | 6428.2M |
| Short Term Debt | 834.3M | 162.8M | 368.6M | 382.2M | 1027.9M |
| Short Long Term Debt | 800M | 150M | 356.5M | 370M | 1027.9M |
| Short Long Term Debt Total | 11565M | 6631.7M | 7801.9M | 7869.6M | 6660.3M |
| Other Stockholder Equity | -16322.4M | 4064.8M | 4689M | 5167.7M | 6115.3M |
| Property Plant Equipment | 14214.6M | 11667.7M | 12173.6M | 14590.5M | 12928.4M |
| Total Current Assets | 2356.6M | 1769.8M | 1460.3M | 1658.3M | 1418.9M |
| Long Term Investments | 155.8M | 594.2M | 763.3M | 738.7M | 490.5M |
| Short Term Investments | - | - | 714M | - | - |
| Net Receivables | 1408.4M | 1331.9M | 862.8M | 855M | 865.5M |
| Long Term Debt | 10509.1M | 6420.7M | 7368.4M | 7414.4M | 5632.4M |
| Inventory | 393.8M | 153.4M | 181.5M | 161.5M | 164.7M |
| Accounts Payable | 1448.8M | 1402.3M | 833.8M | 997.1M | 1200.5M |
| Accumulated Other Comprehensive Income | 54.7M | -230.9M | -141.8M | 92.5M | 94.3M |
| Non Currrent Assets Other | -204.8M | 81.7M | 96.1M | 53.9M | -454.6M |
| Non Current Assets Total | 17203.4M | 13438.4M | 14415.4M | 17156.8M | 15519.3M |
| Capital Lease Obligations | 255.9M | 61M | 77M | 85.2M | - |
| Long Term Debt Total | 10702.1M | 6434.4M | 7387.1M | 7440.2M | 5632.4M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | 872.3M | 19.6M | 10.5M | -193M | -276.5M |
| Total Cashflows From Investing Activities | -4149.7M | -473.2M | -738.1M | -3071.9M | -3146.9M |
| Total Cash From Financing Activities | 1829.4M | -1914M | -1094.7M | 1781.1M | 2097.8M |
| Net Income | 1531.4M | 422.1M | -1325M | 41.2M | 60.4M |
| Change In Cash | 60.5M | -84.3M | -88.3M | 99M | 94.9M |
| Begin Period Cash Flow | 158.5M | 242.8M | 331.1M | 232.1M | 137.2M |
| End Period Cash Flow | 219M | 158.5M | 242.8M | 331.1M | 232.1M |
| Total Cash From Operating Activities | 2380.8M | 2302.9M | 1744.5M | 1389.8M | 1144M |
| Depreciation | 1096M | 870.6M | 865.1M | 971.6M | 815.9M |
| Other Cashflows From Investing Activities | -3687.7M | 12.3M | 203M | -1.1M | 244.4M |
| Dividends Paid | -379.7M | -187.5M | -395.9M | -964.8M | 919.6M |
| Change To Inventory | -236.2M | 40.6M | -27.7M | -45M | -13.9M |
| Sale Purchase Of Stock | -1225.8M | -53.2M | -268.2M | 555.3M | 3777.6M |
| Other Cashflows From Financing Activities | 40558.4M | -493.8M | -407.6M | 8161M | 722.4M |
| Capital Expenditures | 1334.3M | 505.1M | 951.6M | 2877.8M | 3114.8M |
| Change In Working Capital | -364M | 205.8M | 59.3M | 11.1M | 37.1M |
| Other Non Cash Items | -65.2M | 733.1M | 2311.6M | 393.5M | 168.8M |
| Free Cash Flow | 1046.5M | 1797.8M | 792.9M | -1488M | -1970.8M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 6999393 |
| 2. | Energy Select Sector SPDR® ETF | 1 year ago | 6353175 |
| 3. | Vanguard Small Cap Index | 1 year ago | 5792456 |
| 4. | Vanguard Institutional 500 Index Trust | 1 year ago | 5454150 |
| 5. | Vanguard Small Cap Growth Index Inv | 1 year ago | 3244434 |
| 6. | Tortoise Energy Infrastructure TR Ins | 1 year ago | 2819085 |
| 7. | Fidelity® 500 Index | 1 year ago | 2590286 |
| 8. | SPDR® S&P 500 ETF Trust | 1 year ago | 2539920 |
| 9. | iShares Core S&P 500 ETF | 1 year ago | 2204553 |
| 10. | Vanguard Energy Inv | 1 year ago | 1717957 |
| 11. | MFS Mid Cap Value Equity | 1 year ago | 1577158 |
| 12. | MFS Mid Cap Value A | 1 year ago | 1577158 |
| 13. | Vanguard Institutional Index I | 1 year ago | 1489050 |
| 14. | Tortoise Midstream MLP Separate Accounts | 1 year ago | 1457593 |
| 15. | Tortoise Strategic Midsteam Composite | 1 year ago | 1388501 |
| 16. | Hartford MidCap Y | 1 year ago | 1302973 |
| 17. | DWS Invest Global Infras FC | 1 year ago | 1225903 |
| 18. | MainGate MLP I | 1 year ago | 1175000 |
| 19. | Invesco SteelPath MLP Alpha Y | 1 year ago | 1155414 |
| 20. | Vanguard Energy ETF | 1 year ago | 1107182 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Vanguard Group Inc | 1 year ago | 26845065 |
| 2. | BlackRock Inc | 1 year ago | 18566366 |
| 3. | State Street Corporation | 1 year ago | 14903702 |
| 4. | Wellington Management Company LLP | 1 year ago | 8319024 |
| 5. | Tortoise Midstream Energy Fund, Inc. | 1 year ago | 7585025 |
| 6. | Amvescap Plc. | 1 year ago | 6425811 |
| 7. | Blackstone Inc | 1 year ago | 5887739 |
| 8. | Deutsche Bank AG | 1 year ago | 5577027 |
| 9. | Geode Capital Management, LLC | 1 year ago | 4848115 |
| 10. | Neuberger Berman Group LLC | 1 year ago | 3795521 |
| 11. | Morgan Stanley - Brokerage Accounts | 1 year ago | 3791452 |
| 12. | Goldman Sachs Group Inc | 1 year ago | 3741535 |
| 13. | Kayne Anderson Capital Advisors LP | 1 year ago | 3113552 |
| 14. | Chickasaw Capital Management, LLC | 1 year ago | 2608749 |
| 15. | Jennison Associates LLC | 1 year ago | 2487507 |
| 16. | FMR Inc | 1 year ago | 2431326 |
| 17. | Zimmer Partners LP | 1 year ago | 2382600 |
| 18. | Citadel Advisors Llc | 1 year ago | 2369550 |
| 19. | Northern Trust Corp | 1 year ago | 2280852 |
| 20. | Mitsubishi UFJ Trust & Banking Corp | 1 year ago | 2156968 |
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