The next earnings report for Targa Resources Corp. is set for Wednesday, May 6th, with a consensus estimate EPS of $2.56.
Targa Resources Corp. (TRGP) is currently priced at $248.03, reflecting a $6.75 increase (2.8%) from the previous close. Trading volume stands at $340,093, 22.82% above the average.
TRGP has shown a positive streak over five consecutive days, with a $16.53 absolute change (7.14%) starting at $231.51.
The latest quarterly earnings for TRGP, reported on Wednesday, February 18th, exceeded expectations with an EPS of $2.37.
TRGP offers a forward dividend yield of 2% and a trailing twelve-month dividend per share of $4.25.
With a free cash flow of $542.3 million, TRGP shows a positive net change in cash of $42 million.
TRGP generated revenue of $4 billion, resulting in a net income of $545 million and an EPS of $2.53.
Key ratios for TRGP include a net profit margin of 13.44% and a return on equity of 17.76%.
TRGP's total assets amount to $25.22 billion, with total debt at $17.55 billion, resulting in a net debt of $17.38 billion.
This comprehensive analysis provides insights into TRGP's recent performance and financial health, crucial for investors' decision-making.
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.