TRGP - Targa Resources Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$266.00
DETAILS
HIGH:
$331.00
LOW:
$228.00
MEDIAN:
$268.00
CONSENSUS:
$266.00
DOWNSIDE:
3.88%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 17,136.2 | 16,626.9 | 15,619.2 | 21,684.5 | 17,440.4 | 8,272.5 | 8,671.1 | 10,554.9 | 8,864.6 | 6,645 | 6,578 | 8,626.2 | 6,535 | 5,839.1 | 6,994.5 | 5,460.8 | 4,536 | 7,998.9 |
| Cost of Revenue | 12,593.3 | 13,301.6 | 13,083.9 | 18,890.9 | 15,347.1 | 6,750 | 7,179.6 | 9,776.1 | 8,338.5 | 6,234.3 | 6,054.7 | 7,831 | 6,026.7 | 5,389.7 | 6,507.1 | 4,873.2 | 4,196.4 | 7,654.6 |
| Gross Profit | 4,542.9 | 3,325.3 | 2,535.3 | 2,793.6 | 2,093.3 | 1,522.5 | 1,491.5 | 778.8 | 526.1 | 410.7 | 523.3 | 795.2 | 508.3 | 449.4 | 487.4 | 587.6 | 339.6 | 344.3 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 406 | 384.9 | 348.7 | 309.7 | 273.2 | 254.6 | 280.7 | 256.9 | 203.4 | 187.2 | 161.7 | 148 | 151.5 | 139.8 | 136.1 | 144.4 | 120.4 | 96.4 |
| Other Expenses | 690.1 | (3.5) | (0.1) | 0 | 0.1 | 2.6 | 1,017.9 | 3.6 | 1.5 | 0.5 | 1.1 | 1.7 | 0.7 | 0.7 | 0 | 255.5 | 0 | 0 |
| Operating Expenses | 1,096.1 | 381.4 | 348.6 | 309.7 | 273.3 | 257.2 | 1,298.6 | 260.5 | 204.9 | 187.7 | 162.8 | 149.7 | 152.2 | 140.5 | 136.1 | 399.9 | 120.4 | 96.4 |
| Operating Income | ||||||||||||||||||
| Operating Income | 3,446.8 | 2,943.9 | 2,186.7 | 2,483.9 | 1,820 | 1,265.3 | 192.9 | 518.3 | 321.2 | 223 | 360.5 | 645.5 | 356.1 | 308.9 | 351.3 | 187.7 | 219.2 | 247.9 |
| Interest Expense | 852.8 | 767.2 | 687.8 | 446.1 | 387.9 | 391.3 | 337.8 | 257.9 | 233.7 | 254.2 | 231.9 | 144.7 | 128 | 112.9 | 103.6 | 101.6 | 132.1 | 141.2 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | 4,854.5 | 4,138.8 | 3,965.8 | 3,210.1 | 1,699.4 | (313.1) | 1,262.7 | 1,143.4 | 754.2 | 756.8 | 802.5 | 991.2 | 653.4 | 510.7 | 526.6 | 372.9 | 403.6 | 457.7 |
| EBIT | 3,339.2 | 2,705.2 | 2,630.3 | 2,109.3 | 824.8 | (1,181.8) | 291.1 | 323.8 | (59.2) | (5.5) | 120.1 | 635.7 | 377.5 | 309.1 | 345.6 | 187.4 | 231.9 | 294.9 |
| Income Before Tax | 2,486.4 | 1,938 | 1,942.5 | 1,663.2 | 436.9 | (1,573.1) | (46.7) | 65.9 | (292.9) | (259.7) | (111.8) | 491 | 249.5 | 196.2 | 242 | 85.8 | 99.8 | 153.7 |
| Income Tax Expense | 529.7 | 384.5 | 363.2 | 131.8 | 14.8 | (248.1) | (87.9) | 5.5 | (397.1) | (100.6) | 39.6 | 68 | 48.2 | 36.9 | 26.6 | 22.5 | 20.7 | 19.3 |
| Net Income | 1,844.4 | 1,269.5 | 828.2 | 1,142.3 | 71.2 | (1,553.9) | (209.2) | 1.6 | 54 | (187.3) | 58.3 | 102.3 | 65.1 | 38.1 | 30.7 | (15) | 29.3 | 37.3 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 8.54 | 5.77 | 3.69 | 3.95 | -0.07 | -7.26 | -1.44 | -0.53 | -0.31 | -1.80 | 1.09 | 2.44 | 1.56 | 0.93 | 0.75 | -31.12 | 1.79 | 2.28 |
| EPS (Diluted) | 8.52 | 5.74 | 3.66 | 3.88 | -0.07 | -7.26 | -1.44 | -0.53 | -0.31 | -1.80 | 1.09 | 2.43 | 1.55 | 0.91 | 0.74 | -31.12 | 1.79 | 2.28 |
| Shares Outstanding | 215 | 220.2 | 224.6 | 227.3 | 228.6 | 232.2 | 232.5 | 224.2 | 204.5 | 184.7 | 53.5 | 42 | 41.6 | 41 | 41 | 41.6 | 42.3 | 42.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 166.1 | 157.3 | 141.7 | 219 | 158.5 | 242.8 | 331.1 | 232.1 | 137.2 | 73.5 | 252.4 | 362.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 1,474.6 | 1,618.3 | 1,471 | 1,408.4 | 1,331.9 | 862.8 | 855 | 865.5 | 827.6 | 742.4 | 404.3 | 303.9 |
| Inventory | 429.3 | 334.3 | 371.5 | 393.8 | 153.4 | 181.5 | 161.5 | 164.7 | 204.5 | 137.7 | 39.4 | 68.5 |
| Other Current Assets | 292.7 | 186.4 | 210.4 | 335.4 | 126 | 173.2 | 310.7 | 156.6 | 100.6 | 53.2 | 48.9 | 121.9 |
| Total Current Assets | 2,362.7 | 2,296.3 | 2,194.6 | 2,356.6 | 1,769.8 | 1,460.3 | 1,658.3 | 1,418.9 | 1,269.9 | 1,006.8 | 745 | 857.1 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 20,628.7 | 18,062.7 | 15,806.4 | 14,214.6 | 11,667.7 | 12,173.6 | 14,548.5 | 12,928.4 | 10,430 | 9,691 | 2,548.1 | 2,617.4 |
| Goodwill | 112.3 | 0 | 0 | 0 | 0 | 0 | 45.2 | 46.6 | 256.6 | 210 | 0 | 0 |
| Intangible Assets | 1,651.4 | 1,977.4 | 2,350.6 | 2,734.6 | 1,094.8 | 1,382.4 | 1,735 | 1,983.2 | 2,165.8 | 1,654 | 0 | 0 |
| Long-Term Investments | 307.1 | 193.3 | 146.3 | 131.3 | 586.5 | 714 | 738.7 | 490.5 | 221.6 | 240.8 | 0 | 0 |
| Other Non-Current Assets | 156.2 | 204.4 | 173.9 | 122.9 | 89.4 | 145.4 | 134.6 | 70.6 | 44.7 | 68.6 | 74.4 | 167.3 |
| Total Non-Current Assets | 22,855.7 | 20,437.8 | 18,477.2 | 17,203.4 | 13,438.4 | 14,415.4 | 17,156.8 | 15,519.3 | 13,118.7 | 11,864.4 | 2,622.5 | 2,784.7 |
| Total Assets | 25,218.4 | 22,734.1 | 20,671.8 | 19,560 | 15,208.2 | 15,875.7 | 18,815.1 | 16,938.2 | 14,388.6 | 12,871.2 | 3,367.5 | 3,641.8 |
| Current Liabilities | ||||||||||||
| Account Payables | 1,873 | 2,012.5 | 1,574.9 | 1,448.8 | 1,402.3 | 833.8 | 954.8 | 1,200.5 | 1,001.2 | 691.4 | 206.4 | 153.8 |
| Short-Term Debt | 677 | 330 | 575 | 800 | 150 | 356.5 | 370 | 1,027.9 | 350 | 275 | 12.5 | 12.5 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 234.1 | 167.3 | 54 | 320.1 | 258.2 | 142.6 | 110.5 | 90.9 | 132.5 | 86.3 | 30.6 | 47.9 |
| Total Current Liabilities | 3,546.8 | 3,172.6 | 2,760.9 | 3,066.7 | 2,298.5 | 1,779.4 | 1,872.6 | 2,798.8 | 1,616.6 | 1,167.6 | 553.8 | 466.6 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 16,402 | 13,546.5 | 12,089.1 | 10,509.1 | 6,420.7 | 7,368.4 | 7,414.4 | 5,632.4 | 4,703 | 4,606 | 1,593.5 | 1,976.5 |
| Deferred Tax Liabilities | 0 | 872.1 | 535.8 | 327.7 | 136 | 152.1 | 434.2 | 525.2 | 479 | 941.2 | 50 | 26.8 |
| Other Non-Current Liabilities | 1,721.5 | 274 | 126.6 | 253.9 | 954.3 | 439.2 | 406 | 335.5 | 697.8 | 362.2 | 415.3 | (2,003.3) |
| Total Non-Current Liabilities | 18,473.4 | 15,143.3 | 13,300.9 | 11,511.1 | 7,731 | 8,193.1 | 8,499.6 | 6,668.6 | 6,016 | 5,979.2 | 2,058.8 | 0 |
| Total Liabilities | 22,020.2 | 18,315.9 | 16,061.8 | 14,577.8 | 10,029.5 | 9,972.5 | 10,372.2 | 9,467.4 | 7,632.6 | 7,146.8 | 2,612.6 | 2,819.8 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0 | 0 |
| Retained Earnings | 2,294.4 | 1,190 | 492 | (626.8) | (1,822.3) | (1,893.5) | (339.6) | (130.4) | (77.2) | (187.3) | (85.8) | (115.1) |
| Accumulated Other Comprehensive Income | 113.8 | 27.5 | 85.6 | 54.7 | (230.9) | (141.8) | 92.5 | 94.3 | (29.9) | (38.3) | (20.3) | 36.1 |
| Total Stockholders' Equity | 3,067.9 | 2,592.4 | 2,739.7 | 2,665.7 | 2,011.8 | 2,653.9 | 4,920.8 | 6,079.4 | 6,160.3 | 5,248.6 | 87.4 | 134.7 |
| Total Liabilities & Equity | 25,218.4 | 22,734.1 | 20,671.8 | 19,560 | 15,208.2 | 15,875.7 | 18,815.1 | 16,938.2 | 14,388.6 | 12,871.2 | 3,367.5 | 3,641.8 |
| Debt Metrics | ||||||||||||
| Total Debt | 17,546.3 | 14,265 | 13,010.4 | 11,565 | 6,631.7 | 7,801.9 | 7,869.6 | 6,660.3 | 5,053 | 4,881 | 1,606 | 1,989 |
| Net Debt | 17,380.2 | 14,107.7 | 12,868.7 | 11,346 | 6,473.2 | 7,559.1 | 7,538.5 | 6,428.2 | 4,915.8 | 4,807.5 | 1,353.6 | 1,626.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,841.4 | 1,553.5 | 1,579.3 | 1,531.4 | 422.1 | (1,325) | 41.2 | 60.4 | 104.2 | (159.1) |
| Depreciation & Amortization | 1,521.5 | 1,423 | 1,329.6 | 1,096 | 870.6 | 865.1 | 971.6 | 815.9 | 809.5 | 757.7 |
| Stock-Based Compensation | 0 | 63.2 | 62.4 | 57.5 | 59.2 | 66.2 | 60.3 | 56.3 | 42.3 | 29.7 |
| Change in Working Capital | (193.6) | 38.7 | 139.2 | (364) | 219.5 | 59.3 | 11.1 | 37.1 | 6.9 | (62.7) |
| Other Non-Cash Items | 231.5 | 204.3 | (248.5) | (65.2) | 719.4 | 2,311.6 | 393.5 | 168.8 | 369.3 | 309.6 |
| Operating Cash Flow | 3,917.4 | 3,649.7 | 3,211.6 | 2,380.8 | 2,302.9 | 1,744.5 | 1,389.8 | 1,144 | 939.5 | 837.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3,333.3) | (2,965.8) | (2,385.4) | (1,334.3) | (505.1) | (951.6) | (2,877.8) | (3,114.8) | (1,297.5) | (562.1) |
| Acquisitions | (2,013.5) | (57.4) | (19.1) | (2,836.8) | 19.6 | 209.2 | (178.2) | (19.6) | (577.4) | 4.5 |
| Purchases of Investments | (130.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 7.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 27.1 | 1.9 | 3.7 | 21.4 | 12.3 | 4.3 | (15.9) | (12.5) | (17.8) | (1) |
| Investing Cash Flow | (5,442.4) | (3,021.3) | (2,400.8) | (4,149.7) | (473.2) | (738.1) | (3,071.9) | (3,146.9) | (1,892.7) | (558.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 3,101.1 | 1,159.8 | 1,336.1 | 4,697.2 | (1,179.5) | (23) | 1,129.1 | 1,610 | 156.9 | (1,104.8) |
| Stock Repurchased | (641.8) | (754.7) | (373.7) | (1,190) | (53.2) | (268.2) | (13.9) | (4) | 0 | 0 |
| Dividends Paid | (818.3) | (615.5) | (427.3) | (379.7) | (187.5) | (395.9) | (964.8) | (908.3) | (843.2) | (565.9) |
| Other Financing Activities | (107.2) | (402.4) | (1,423.2) | (1,298.1) | (493.8) | (407.6) | 1,630.7 | 722.4 | 54.1 | (95.9) |
| Financing Cash Flow | 1,533.8 | (612.8) | (888.1) | 1,829.4 | (1,914) | (1,094.7) | 1,781.1 | 2,097.8 | 1,016.9 | (345.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 8.8 | 15.6 | (77.3) | 60.5 | (84.3) | (88.3) | 99 | 94.9 | 63.7 | (66.7) |
| Cash at Beginning | 157.3 | 141.7 | 219 | 158.5 | 242.8 | 331.1 | 232.1 | 137.2 | 73.5 | 140.2 |
| Cash at End | 166.1 | 157.3 | 141.7 | 219 | 158.5 | 242.8 | 331.1 | 232.1 | 137.2 | 73.5 |
| Free Cash Flow | 584.1 | 683.9 | 826.2 | 1,046.5 | 1,797.8 | 792.9 | (1,488) | (1,970.8) | (358) | 275.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 17,136.2 | 16,626.9 | 15,619.2 | 21,684.5 | 17,440.4 | 8,272.5 | 8,671.1 | 10,554.9 | 8,864.6 | 6,645 | 6,578 | 8,626.2 | 6,535 | 5,839.1 | 6,994.5 | 5,460.8 | 4,536 | 7,998.9 |
| Gross Profit | 4,542.9 | 3,325.3 | 2,535.3 | 2,793.6 | 2,093.3 | 1,522.5 | 1,491.5 | 778.8 | 526.1 | 410.7 | 523.3 | 795.2 | 508.3 | 449.4 | 487.4 | 587.6 | 339.6 | 344.3 |
| Operating Income | 3,446.8 | 2,943.9 | 2,186.7 | 2,483.9 | 1,820 | 1,265.3 | 192.9 | 518.3 | 321.2 | 223 | 360.5 | 645.5 | 356.1 | 308.9 | 351.3 | 187.7 | 219.2 | 247.9 |
| Net Income | 1,844.4 | 1,269.5 | 828.2 | 1,142.3 | 71.2 | (1,553.9) | (209.2) | 1.6 | 54 | (187.3) | 58.3 | 102.3 | 65.1 | 38.1 | 30.7 | (15) | 29.3 | 37.3 |
| EPS (Diluted) | 8.52 | 5.74 | 3.66 | 3.88 | -0.07 | -7.26 | -1.44 | -0.53 | -0.31 | -1.80 | 1.09 | 2.43 | 1.55 | 0.91 | 0.74 | -31.12 | 1.79 | 2.28 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 166.1 | 157.3 | 141.7 | 219 | 158.5 | 242.8 | 331.1 | 232.1 | 137.2 | 73.5 | 252.4 | 362.8 | ||||||
| Total Assets | 25,218.4 | 22,734.1 | 20,671.8 | 19,560 | 15,208.2 | 15,875.7 | 18,815.1 | 16,938.2 | 14,388.6 | 12,871.2 | 3,367.5 | 3,641.8 | ||||||
| Total Debt | 17,546.3 | 14,265 | 13,010.4 | 11,565 | 6,631.7 | 7,801.9 | 7,869.6 | 6,660.3 | 5,053 | 4,881 | 1,606 | 1,989 | ||||||
| Stockholders' Equity | 3,067.9 | 2,592.4 | 2,739.7 | 2,665.7 | 2,011.8 | 2,653.9 | 4,920.8 | 6,079.4 | 6,160.3 | 5,248.6 | 87.4 | 134.7 | ||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 3,917.4 | 3,649.7 | 3,211.6 | 2,380.8 | 2,302.9 | 1,744.5 | 1,389.8 | 1,144 | 939.5 | 837.4 | ||||||||
| Capital Expenditure | (3,333.3) | (2,965.8) | (2,385.4) | (1,334.3) | (505.1) | (951.6) | (2,877.8) | (3,114.8) | (1,297.5) | (562.1) | ||||||||
| Free Cash Flow | 584.1 | 683.9 | 826.2 | 1,046.5 | 1,797.8 | 792.9 | (1,488) | (1,970.8) | (358) | 275.3 | ||||||||