Targa Financial Statements From 2010 to 2024

TRGP Stock  USD 111.05  0.40  0.36%   
Targa Resources financial statements provide useful quarterly and yearly information to potential Targa Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Targa Resources financial statements helps investors assess Targa Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Targa Resources' valuation are summarized below:
Gross Profit
B
Profit Margin
0.0838
Market Capitalization
24.6 B
Enterprise Value Revenue
2.3345
Revenue
16.1 B
There are currently one hundred twenty fundamental trend indicators for Targa Resources that can be evaluated and compared over time across competition. Investors and active traders are advised to double-check Targa Resources' current fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction.
Check Targa Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Targa main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 B, Interest Expense of 765.3 M or Selling General Administrative of 220.9 M, as well as many exotic indicators such as Short Term Coverage Ratios of 9.57, Price Earnings Ratio of 22.38 or Price To Sales Ratio of 1.31. Targa financial statements analysis is a perfect complement when working with Targa Resources Valuation or Volatility modules.
  
This module can also supplement Targa Resources' financial leverage analysis and stock options assessment as well as various Targa Resources Technical models . Check out the analysis of Targa Resources Correlation against competitors.
To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.

Targa Resources Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding134.9 M226 M141.9 M
Slightly volatile
Total Assets12.4 B22 B12.4 B
Slightly volatile
Short and Long Term Debt Total13.7 B13 B6.3 B
Slightly volatile
Other Current Liabilities593.6 M565.3 M227.6 M
Slightly volatile
Total Current Liabilities1.6 B2.8 B1.6 B
Slightly volatile
Total Stockholder Equity2.5 B2.7 B2.6 B
Slightly volatile
Other Liabilities456.6 M897.5 M492.4 M
Slightly volatile
Property Plant And Equipment Net9.2 B15.8 B9.2 B
Slightly volatile
Current Deferred Revenue284 M376.9 M235.3 M
Slightly volatile
Net Debt13.5 B12.9 B6.2 B
Slightly volatile
Accounts Payable852.8 M1.6 B853.1 M
Slightly volatile
Cash142.5 M141.7 M170.1 M
Very volatile
Non Current Assets Total11.1 B19.8 B11.1 B
Slightly volatile
Other Assets160.3 M141.3 M152 M
Pretty Stable
Long Term Debt12.7 B12.1 B5.9 B
Slightly volatile
Cash And Short Term Investments203.6 M253.6 M181.6 M
Pretty Stable
Net Receivables850.6 M1.5 B823.4 M
Slightly volatile
Liabilities And Stockholders Equity12.4 B22 B12.4 B
Slightly volatile
Non Current Liabilities Total15.4 B14.7 B6.8 B
Slightly volatile
Inventory390.1 M371.5 M192 M
Slightly volatile
Other Current Assets67.6 M98.5 M64.1 M
Slightly volatile
Total Liabilities18.3 B17.4 B8.4 B
Slightly volatile
Property Plant And Equipment Gross27.6 B26.3 B12.4 B
Slightly volatile
Total Current Assets1.4 B2.2 B1.3 B
Slightly volatile
Short Term Debt350.7 M620.7 M320.6 M
Slightly volatile
Property Plant Equipment8.7 B16.3 B9.2 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity2.5 B2.7 B2.3 B
Slightly volatile
Long Term Debt Total12.9 B12.3 B6.1 B
Slightly volatile
Capital Surpluse3.8 B4.3 B3.1 B
Slightly volatile
Deferred Long Term Liabilities380.3 M538 M332.9 M
Slightly volatile
Long Term Investments139 M146.3 M252.2 M
Slightly volatile
Non Current Liabilities Other6.5 M6.8 M131.6 M
Pretty Stable
Intangible Assets1.7 B2.4 B1.5 B
Slightly volatile
Short and Long Term Debt473.7 M575 M367.4 M
Slightly volatile
Warrants905.3 M862.2 M376.3 M
Slightly volatile
Net Invested Capital13.4 B15.4 B11.8 B
Slightly volatile
Capital Stock171 K180 K18.8 M
Pretty Stable
Capital Lease Obligations181.6 M346.3 M118.3 M
Slightly volatile

Targa Resources Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.4 B1.3 B713.9 M
Slightly volatile
Selling General Administrative220.9 M348.7 M211.3 M
Slightly volatile
Total Revenue10.3 B15.6 B10 B
Slightly volatile
Gross Profit1.6 B2.5 B1.5 B
Slightly volatile
Other Operating Expenses9.5 B13.4 B9.2 B
Slightly volatile
EBITDA3.7 B3.5 B1.7 B
Slightly volatile
Cost Of Revenue8.7 B13.1 B8.5 B
Slightly volatile
Total Operating Expenses331.2 M348.6 M737.3 M
Slightly volatile
Non Recurring625.1 M520.1 M486.9 M
Slightly volatile
Interest Income270.8 M343.6 M260.9 M
Slightly volatile
Preferred Stock And Other Adjustments25.6 M27 M69.7 M
Slightly volatile
Reconciled Depreciation1.1 B1.3 B898.2 M
Slightly volatile
Extraordinary Items215.6 M242.6 M264.1 M
Slightly volatile

Targa Resources Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation37 M62.4 M37.2 M
Slightly volatile
Begin Period Cash Flow198.4 M219 M164.6 M
Slightly volatile
Depreciation1.4 B1.3 B717.6 M
Slightly volatile
Capital Expenditures2.5 B2.4 B1.3 B
Slightly volatile
Total Cash From Operating Activities3.4 B3.2 B1.4 B
Slightly volatile
End Period Cash Flow142.5 M141.7 M170.1 M
Very volatile
Change To Netincome100.8 M106.1 M309 M
Slightly volatile
Change To Operating Activities19.4 M31.9 M25.1 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios9.575.17426.6399
Pretty Stable
Price To Sales Ratio1.311.24920.7579
Slightly volatile
Dividend Yield0.02080.02190.0948
Slightly volatile
Operating Cycle30.6644.73938.1605
Pretty Stable
Price Book Value Ratio8.577.12168.0083
Slightly volatile
Days Of Payables Outstanding28.2143.934836.8484
Slightly volatile
Operating Cash Flow Per Share12.2514.299210.0297
Very volatile
Price To Operating Cash Flows Ratio4.586.07526.1408
Very volatile
Inventory Turnover63.1535.219152.8372
Pretty Stable
Payables Turnover14.588.307812.6493
Slightly volatile
Company Equity Multiplier7.648.039914.6157
Slightly volatile
Long Term Debt To Capitalization0.850.81520.7541
Slightly volatile
Cash Per Share1.071.12912.0249
Slightly volatile
Total Debt To Capitalization0.860.82270.7634
Slightly volatile
Debt Equity Ratio9.034.63917.4275
Slightly volatile
Quick Ratio0.890.62470.77
Slightly volatile
Cash Ratio0.04880.05130.1476
Slightly volatile
Operating Cash Flow Sales Ratio0.220.20560.1244
Slightly volatile
Days Of Inventory Outstanding5.910.36377.746
Pretty Stable
Days Of Sales Outstanding24.7634.375330.4145
Pretty Stable
Cash Flow Coverage Ratios0.160.25270.2037
Pretty Stable
Price To Book Ratio8.577.12168.0083
Slightly volatile
Current Ratio1.110.79490.9769
Slightly volatile
Fixed Asset Turnover1.560.98821.3516
Slightly volatile
Price Cash Flow Ratio4.586.07526.1408
Very volatile
Enterprise Value Multiple8.429.19311.1086
Pretty Stable
Debt Ratio0.370.5770.4579
Very volatile
Cash Flow To Debt Ratio0.160.25270.2037
Pretty Stable
Price Sales Ratio1.311.24920.7579
Slightly volatile
Receivables Turnover13.7910.618112.7625
Slightly volatile
Asset Turnover1.140.70910.9909
Slightly volatile
Gross Profit Margin0.120.16230.1501
Slightly volatile
Price Fair Value8.577.12168.0083
Slightly volatile

Targa Fundamental Market Drivers

Forward Price Earnings21.5983
Cash And Short Term Investments253.6 M

Targa Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Targa Resources Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Targa Resources income statement, its balance sheet, and the statement of cash flows. Targa Resources investors use historical funamental indicators, such as Targa Resources's revenue or net income, to determine how well the company is positioned to perform in the future. Although Targa Resources investors may use each financial statement separately, they are all related. The changes in Targa Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Targa Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Targa Resources Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Targa Resources. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue376.9 M284 M
Total Revenue15.6 B10.3 B
Cost Of Revenue13.1 B8.7 B
Ebit Per Revenue 0.14  0.15 

Targa Resources Investors Sentiment

The influence of Targa Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Targa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Targa Resources' public news can be used to forecast risks associated with an investment in Targa. The trend in average sentiment can be used to explain how an investor holding Targa can time the market purely based on public headlines and social activities around Targa Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Targa Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Targa Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Targa Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Targa Resources.

Targa Resources Implied Volatility

    
  19.01  
Targa Resources' implied volatility exposes the market's sentiment of Targa Resources stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Targa Resources' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Targa Resources stock will not fluctuate a lot when Targa Resources' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Targa Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Targa Resources' short interest history, or implied volatility extrapolated from Targa Resources options trading.

Currently Active Assets on Macroaxis

When determining whether Targa Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Targa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Targa Resources Stock. Highlighted below are key reports to facilitate an investment decision about Targa Resources Stock:
Check out the analysis of Targa Resources Correlation against competitors.
To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.
Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.
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Is Targa Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Targa Resources. If investors know Targa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Targa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.11)
Dividend Share
2
Earnings Share
3.66
Revenue Per Share
71.506
Quarterly Revenue Growth
(0.07)
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.