Energy -
Oil & Gas Midstream - NYSE - US
$ 165.28
2.54 %
$ 36 B
Market Cap
28.79
P/E
1. INTRINSIC VALUE
Balance Sheet
Targa Resources Corp.
| Current Assets | 2.3 B |
| Cash & Short-Term Investments | 157 M |
| Receivables | 1.62 B |
| Other Current Assets | 521 M |
| Non-Current Assets | 20.4 B |
| Long-Term Investments | 193 M |
| PP&E | 18.1 B |
| Other Non-Current Assets | 2.18 B |
| Current Liabilities | 3.17 B |
| Accounts Payable | 2.01 B |
| Short-Term Debt | 388 M |
| Other Current Liabilities | 772 M |
| Non-Current Liabilities | 15.1 B |
| Long-Term Debt | 13.8 B |
| Other Non-Current Liabilities | 1.36 B |
EFFICIENCY
Earnings Waterfall
Targa Resources Corp.
| Revenue | 16.4 B |
| Cost Of Revenue | 12.1 B |
| Gross Profit | 4.26 B |
| Operating Expenses | 1.56 B |
| Operating Income | 2.7 B |
| Other Expenses | 1.14 B |
| Net Income | 1.55 B |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Targa Resources Corp.
| Net Income | 1.55 B |
| Depreciation & Amortization | 1.42 B |
| Capital Expenditures | -2.97 B |
| Stock-Based Compensation | 63.2 M |
| Change in Working Capital | 0 |
| Others | 243 M |
| Free Cash Flow | 684 M |
Wall Street Analysts Price Targets
Targa Resources Corp.
Wall Street analysts predict an average 1-year price target for TRGP of $175 , with forecasts ranging from
a
low of
$125 to a high of $244 .
TRGP Lowest Price Target
Wall Street Target
125 USD
-24.37%
TRGP Average Price Target
Wall Street Target
175 USD
5.60%
TRGP Highest Price Target
Wall Street Target
244 USD
47.63%
4. DIVIDEND
ANALYSIS
0.42%
DIVIDEND YIELD
0.75 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Targa Resources Corp.
Sold
0-3 MONTHS
24.5 M USD 7
3-6 MONTHS
13.3 M USD 5
6-9 MONTHS
37.8 M USD 8
9-12 MONTHS
8.43 M USD 6
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
If I Could Only Buy 3 CEFs During This Crash
The market is crashing—but these 3 CEFs offer high yields, deep discounts, and recession resistance. Falling interest rates and rising uncertainty? These funds are built to thrive. Own the chaos: CEFs now on sale with up to 22% discounts.
seekingalpha.com
- 6 days ago
Targa Partners With WPC JV and Reaches FID for Traverse Pipeline
TRGP, in partnership with WPC JV, reaches a FID for the construction of the Traverse Pipeline to transport natural gas to key areas.
zacks.com
- 1 week ago
Targa Resources May Still Interest Growth Investors
Targa Resources Corporation, a $43.5 billion market cap gas midstream company focused on NGLs, offers a dividend yield of $3.00/share (1.5%) with an expected increase to $2.00/share (2.0%). The company dominates a much needed natural gas processing capacity niche in the Permian Basin. Waha prices remain pressured, which benefits Targa. Targa's stock price is up over 50% in less than a year, but the company has good growth projects underway.
seekingalpha.com
- 3 weeks ago
Targa's Shares Gain 29% in Six Months: Time to Buy or Hold?
TRGP offers solid financial performance and stable revenues from fee-based contracts but is exposed to regulatory uncertainties, market competition and execution risks.
zacks.com
- 3 weeks ago
Targa Resources Q4 Earnings Miss Estimates, Revenues Increase Y/Y
TRGP's adjusted EBITDA for the fourth quarter totaled $1.1 billion, up from $959.9 million in the prior-year period.
zacks.com
- 1 month ago
Miller-Howard Infrastructure Q4 2024 Commentary
Infrastructure portfolio remained flat in Q4 but achieved its strongest calendar year in three years, outperforming its benchmark. Rising interest rates impacted REITs and utilities, while natural gas pipelines benefited from data center and AI trends. Over 80% of portfolio holdings increased dividends annually over the past 5 years, surpassing the large-cap dividend-paying universe.
seekingalpha.com
- 1 month ago
3 Reasons Growth Investors Will Love Targa Resources (TRGP)
Targa Resources (TRGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
zacks.com
- 1 month ago
Targa Resources (TRGP) Upgraded to Buy: Here's What You Should Know
Targa Resources (TRGP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 1 month ago
Targa Resources Corp. Prices $2.0 Billion Offering of Senior Notes
HOUSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 5.550% Senior Notes due 2035 and $1.0 billion aggregate principal amount of its 6.125% Senior Notes due 2055 at a price to the public of 99.610% and 99.781% of their face value, respectively. The Offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.
globenewswire.com
- 1 month ago
3 Solid Options Amid Refining & Marketing MLP Industry Tumult
Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing MLP industry, we advise focusing on companies like TRGP, GLP and CAPL.
zacks.com
- 1 month ago
Targa Resources Corp. Announces Form 10-K Available
HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("TRGP" or the "Company" or "Targa") has filed its Form 10-K with the Securities and Exchange Commission (SEC) for the year ended December 31, 2024. The report may be accessed at www.sec.gov.
globenewswire.com
- 1 month ago
Targa Resources Corp. (TRGP) Q4 2024 Earnings Call Transcript
Targa Resources Corp. (NYSE:TRGP ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call Participants Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - TPH Michael Blum - Wells Fargo Neal Dingmann - Truist Securities Theresa Chen - Barclays Brandon Bingham - Scotiabank Harry Mateer - Barclays Sunil Sibal - Seaport Global Operator Thank you for standing by, and welcome to Targa Resource Corp's Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
seekingalpha.com
- 1 month ago
8. Profile
Summary
Targa Resources Corp. TRGP
COUNTRY
US
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 36 B
Dividend Yield
0.42%
Description
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.
Contact
811 Louisiana Street, Houston, TX, 77002
https://www.targaresources.com
IPO
Date
Dec. 7, 2010
Employees
3370
Officers
Mr. Denny Latham
Executive Vice President of Permian & General Partner
Ms. Jennifer R. Kneale
President
Mr. D. Scott Pryor
President of Logistics & Transportation
Mr. Patrick J. McDonie
President of Gathering & Processing
Mr. J. Christopher Eklof
Senior Vice President & Chief Accounting Officer
Mr. Sanjay Lad C.F.A.
Vice President of Finance & Investor Relations
Mr. Gerald R. Shrader
Executive Vice President, General Counsel & Secretary
Mr. William A Byers
Chief Financial Officer
Mr. Matthew J. Meloy
Chief Executive Officer & Director
Mr. Robert M. Muraro
Chief Commercial Officer