Targa Resources/TRGP
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About Targa Resources
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Ticker
TRGP
Sector
Energy
Trading on
NYSE
Industry
Oil, Gas and Consumable Fuels
Headquarters
Houston, United States
Employees
3,182
Website
www.targaresources.com
Targa Resources Metrics
BasicAdvanced
$29B
Market cap
26.97
P/E ratio
$4.87
EPS
2.19
Beta
$2.25
Dividend rate
1.71%
Dividend yield
Price and volume
Market cap
$29B
Beta
2.19
Dividend rate
$2.25
Financial strength
Current ratio
0.701
Quick ratio
0.566
Long term debt to equity
274.958
Total debt to equity
286.888
Dividend payout ratio (TTM)
40.80%
Interest coverage (TTM)
3.25%
Management effectiveness
Return on assets (TTM)
7.61%
Return on equity (TTM)
30.18%
Valuation
Price to earnings (TTM)
26.97
Price to revenue (TTM)
1.82
Price to book
10.77
Price to tangible book (TTM)
65.21
Price to free cash flow (TTM)
86.7
Dividend yield (TTM)
1.71%
Growth
Revenue change (TTM)
-21.42%
Earnings per share change (TTM)
26.08%
3-year revenue growth
17.82%
3-year earnings per share growth
75.10%
3-year dividend per share growth
77.84%
What the Analysts think about Targa Resources
Analyst Ratings
Majority rating from 22 analysts.
Targa Resources Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$4.6B
7.62%
Net income
$275M
-8.14%
Profit margin
6.03%
-14.59%
Targa Resources Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$1.44
$0.97
$1.26
$1.22
-
Expected
$1.24
$1.20
$1.46
$1.30
$1.25
Surprise
16.35%
-19.01%
-14.16%
-6.13%
-
Targa Resources News
AllArticlesVideos
Targa Resources Corp. (TRGP) Q1 2024 Earnings Call Transcript
Seeking Alpha·2 months ago
Targa Resources Corp. Reports First Quarter 2024 Financial Results
GlobeNewsWire·2 months ago
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast
GlobeNewsWire·3 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Targa Resources stock?
Targa Resources (TRGP) has a market cap of $29B as of July 03, 2024.
What is the P/E ratio for Targa Resources stock?
The price to earnings (P/E) ratio for Targa Resources (TRGP) stock is 26.97 as of July 03, 2024.
Does Targa Resources stock pay dividends?
Yes, the Targa Resources (TRGP) stock pays dividends to shareholders. As of July 03, 2024, the dividend rate is $2.25 and the yield is 1.71%. Targa Resources has a payout ratio of 40.8% on a trailing twelve-month basis.
When is the next Targa Resources dividend payment date?
The next Targa Resources (TRGP) dividend payment date is unconfirmed.
What is the beta indicator for Targa Resources?
Targa Resources (TRGP) has a beta rating of 2.19. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.
Buy or sell Targa Resources stock
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