Targa Resources (TRGP) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
16.4B
Gross Profit
4.3B
25.98%
Operating Income
2.7B
16.45%
Net Income
1.6B
9.48%
EPS (Diluted)
$5.74
Balance Sheet Metrics
Total Assets
22.7B
Total Liabilities
18.3B
Shareholders Equity
4.4B
Debt to Equity
4.15
Cash Flow Metrics
Operating Cash Flow
3.4B
Free Cash Flow
683.9M
Revenue & Profitability Trend
Targa Resources Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 16.4B | 16.1B | 20.9B | 16.9B | 8.3B |
| Cost of Goods Sold | 12.1B | 12.0B | 18.0B | 14.6B | 6.1B |
| Gross Profit | 4.3B | 4.1B | 3.0B | 2.3B | 2.2B |
| Operating Expenses | 1.6B | 1.4B | 1.2B | 1.0B | 955.6M |
| Operating Income | 2.7B | 2.6B | 1.7B | 1.3B | 1.3B |
| Pre-tax Income | 1.9B | 1.9B | 1.7B | 436.9M | -1.6B |
| Income Tax | 384.5M | 363.2M | 131.8M | 14.8M | -248.1M |
| Net Income | 1.6B | 1.6B | 1.5B | 422.1M | -1.3B |
| EPS (Diluted) | $5.74 | $3.66 | $3.88 | -$0.07 | -$7.26 |
Income Statement Trend
Targa Resources Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 2.3B | 2.2B | 2.4B | 1.8B | 1.5B |
| Non-Current Assets | 20.4B | 18.5B | 17.2B | 13.4B | 14.4B |
| Total Assets | 22.7B | 20.7B | 19.6B | 15.2B | 15.9B |
| Liabilities | |||||
| Current Liabilities | 3.2B | 2.8B | 3.1B | 2.3B | 1.8B |
| Non-Current Liabilities | 15.1B | 13.3B | 11.5B | 7.7B | 8.2B |
| Total Liabilities | 18.3B | 16.1B | 14.6B | 10.0B | 10.0B |
| Equity | |||||
| Total Shareholders Equity | 4.4B | 4.6B | 5.0B | 5.2B | 5.9B |
Balance Sheet Composition
Targa Resources Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.6B | 1.6B | 1.5B | 422.1M | -1.3B |
| Operating Cash Flow | 3.4B | 3.4B | 2.5B | 1.6B | -605.2M |
| Investing Activities | |||||
| Capital Expenditures | -3.0B | -2.4B | -1.3B | -505.1M | -951.6M |
| Investing Cash Flow | -3.0B | -2.4B | -4.1B | -473.2M | -738.1M |
| Financing Activities | |||||
| Dividends Paid | -615.5M | -427.3M | -379.7M | -187.5M | -395.9M |
| Financing Cash Flow | -85.1B | -61.0B | -33.2B | -3.4B | -2.9B |
| Free Cash Flow | 683.9M | 826.2M | 1.0B | 1.8B | 792.9M |
Cash Flow Trend
Targa Resources Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
31.62
Forward P/E
20.78
Price to Book
15.23
Price to Sales
2.27
PEG Ratio
20.78
Profitability Ratios
Profit Margin
7.98%
Operating Margin
11.91%
Return on Equity
41.98%
Return on Assets
7.44%
Financial Health
Current Ratio
0.65
Debt to Equity
630.03
Beta
1.07
Per Share Data
EPS (TTM)
$5.43
Book Value per Share
$11.27
Revenue per Share
$74.81
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| trgp | 37.2B | 31.62 | 15.23 | 41.98% | 7.98% | 630.03 |
| Enbridge | 98.3B | 22.81 | 1.59 | 9.46% | 10.33% | 144.81 |
| Williams Companies | 73.9B | 32.52 | 5.93 | 16.20% | 20.61% | 184.40 |
| Kinder Morgan | 62.4B | 24.22 | 2.04 | 8.45% | 16.67% | 103.99 |
| Cheniere Energy | 52.1B | 17.04 | 9.28 | 46.98% | 18.54% | 258.52 |
| TC Energy | 49.1B | 16.06 | 1.95 | 12.74% | 32.25% | 161.46 |
Financial data is updated regularly. All figures are in the company's reporting currency.