Targa Resources Corp. (TRGP)

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About

Business overview of Targa Resources Corp. (TRGP)
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.

Key Insights

Critical company metrics and information
  • Share Price

    $194.75
  • Market Cap

    $42.47 Billion
  • Total Outstanding Shares

    218.06 Million Shares
  • Total Employees

    3,186
  • Dividend

    $0.75 Per Share Quarterly
  • IPO Date

    December 7, 2010
  • SIC Description

    Natural Gas Transmission
  • Homepage

    https://www.targaresources.com

Historical Stock Splits

Execution DateSplit Amount
No Historical Stock Splits

Cash Flow Statement

October 1, 2023 to September 30, 2024
MetricValue
Net Cash Flow From Financing Activities, Continuing$-289.80 Million
Net Cash Flow From Investing Activities, Continuing$-3.00 Billion
Net Cash Flow$-12.30 Million
Net Cash Flow From Investing Activities$-3.00 Billion
Net Cash Flow From Operating Activities, Continuing$3.28 Billion
Net Cash Flow, Continuing$-12.30 Million
Net Cash Flow From Financing Activities$-289.80 Million
Net Cash Flow From Operating Activities$3.28 Billion

Income Statement

October 1, 2023 to September 30, 2024
MetricValue
Income/Loss Before Equity Method Investments$1.86 Billion
Income Tax Expense/Benefit, Deferred$361.60 Million
Income/Loss From Equity Method Investments$10.70 Million
Cost Of Revenue$10.68 Billion
Income Tax Expense/Benefit$376.60 Million
Net Income/Loss$1.50 Billion
Operating Expenses$2.91 Billion
Basic Earnings Per Share$5.58
Income/Loss From Continuing Operations After Tax$1.50 Billion
Undistributed Earnings/Loss Allocated To Participating Securities, Basic$9.90 Million
Net Income/Loss Attributable To Noncontrolling Interest$236.50 Million
Revenues$16.22 Billion
Basic Average Shares$220.40 Million
Net Income/Loss Available To Common Stockholders, Basic$1.24 Billion
Gross Profit$5.54 Billion
Diluted Average Shares$221.50 Million
Income/Loss From Continuing Operations Before Tax$1.87 Billion
Preferred Stock Dividends And Other Adjustments$19.40 Million
Net Income/Loss Attributable To Parent$1.26 Billion
Operating Income/Loss$2.63 Billion
Benefits Costs and Expenses$14.34 Billion
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$29.30 Million
Costs And Expenses$14.34 Billion
Diluted Earnings Per Share$5.53

Balance Sheet

October 1, 2023 to September 30, 2024
MetricValue
Equity$4.46 Billion
Other Current Liabilities$1.16 Billion
Other Non-current Liabilities$563.30 Million
Assets$21.90 Billion
Current Assets$2.03 Billion
Other Non-current Assets$2.45 Billion
Liabilities And Equity$21.90 Billion
Equity Attributable To Noncontrolling Interest$1.88 Billion
Noncurrent Liabilities$14.82 Billion
Fixed Assets$17.43 Billion
Accounts Payable$1.47 Billion
Current Liabilities$2.63 Billion
Equity Attributable To Parent$2.57 Billion
Long-term Debt$14.25 Billion
Liabilities$17.45 Billion
Commitments and Contingencies$0.00
Inventory$414.90 Million
Other Current Assets$1.61 Billion
Noncurrent Assets$19.88 Billion

Historical Dividends

Current dividend: $0.75 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Oct 10, 2024Nov 15, 2024Oct 31, 2024$0.75Quarterly
Jul 11, 2024Aug 15, 2024Jul 31, 2024$0.75Quarterly
Apr 11, 2024May 15, 2024Apr 30, 2024$0.75Quarterly
Jan 18, 2024Feb 15, 2024Jan 31, 2024$0.5Quarterly
Oct 12, 2023Nov 15, 2023Oct 31, 2023$0.5Quarterly
Jul 13, 2023Aug 15, 2023Jul 31, 2023$0.5Quarterly
Apr 13, 2023May 15, 2023Apr 28, 2023$0.5Quarterly
Jan 19, 2023Feb 15, 2023Jan 31, 2023$0.35Quarterly
Oct 13, 2022Nov 15, 2022Oct 31, 2022$0.35Quarterly
Jul 14, 2022Aug 15, 2022Jul 29, 2022$0.35Quarterly
Apr 14, 2022May 16, 2022Apr 29, 2022$0.35Quarterly
Jan 20, 2022Feb 15, 2022Jan 31, 2022$0.35Quarterly
Oct 14, 2021Nov 15, 2021Oct 29, 2021$0.1Quarterly
Jul 15, 2021Aug 16, 2021Jul 30, 2021$0.1Quarterly
Apr 15, 2021May 14, 2021Apr 30, 2021$0.1Quarterly
Jan 20, 2021Feb 16, 2021Feb 1, 2021$0.1Quarterly
Oct 15, 2020Nov 16, 2020Oct 30, 2020$0.1Quarterly
Jul 16, 2020Aug 17, 2020Jul 31, 2020$0.1Quarterly
Apr 16, 2020May 15, 2020May 1, 2020$0.1Quarterly
Jan 16, 2020Feb 18, 2020Jan 31, 2020$0.91Quarterly
Oct 16, 2019Nov 15, 2019Nov 1, 2019$0.91Quarterly
Jul 17, 2019Aug 15, 2019Jul 31, 2019$0.91Quarterly
Apr 17, 2019May 15, 2019May 1, 2019$0.91Quarterly
Jan 17, 2019Feb 15, 2019Jan 31, 2019$0.91Quarterly
Oct 17, 2018Nov 15, 2018Oct 31, 2018$0.91Quarterly
Jul 18, 2018Aug 15, 2018Aug 1, 2018$0.91Quarterly
Apr 18, 2018May 15, 2018May 1, 2018$0.91Quarterly
Jan 18, 2018Feb 15, 2018Feb 1, 2018$0.91Quarterly
Oct 18, 2017Nov 15, 2017Nov 1, 2017$0.91Quarterly
Jul 19, 2017Aug 15, 2017Aug 1, 2017$0.91Quarterly
Apr 19, 2017May 16, 2017May 2, 2017$0.91Quarterly
Jan 19, 2017Feb 15, 2017Feb 1, 2017$0.91Quarterly
Oct 19, 2016Nov 15, 2016Nov 2, 2016$0.91Quarterly
Jul 19, 2016Aug 15, 2016Aug 2, 2016$0.91Quarterly
Apr 20, 2016May 16, 2016May 3, 2016$0.91Quarterly
Jan 19, 2016Feb 9, 2016Feb 2, 2016$0.91Quarterly
Oct 20, 2015Nov 16, 2015Nov 2, 2015$0.91Quarterly
Jul 21, 2015Aug 17, 2015Aug 3, 2015$0.875Quarterly
Apr 21, 2015May 18, 2015May 4, 2015$0.83Quarterly
Jan 21, 2015Feb 17, 2015Feb 2, 2015$0.775Quarterly
Oct 23, 2014Nov 17, 2014Nov 3, 2014$0.7325Quarterly
Jul 15, 2014Aug 15, 2014Jul 28, 2014$0.69Quarterly
Apr 15, 2014May 16, 2014Apr 28, 2014$0.6475Quarterly
Jan 14, 2014Feb 18, 2014Jan 27, 2014$0.6075Quarterly
Oct 21, 2013Nov 15, 2013Oct 31, 2013$0.57Quarterly
Jul 16, 2013Aug 15, 2013Jul 29, 2013$0.5325Quarterly
Apr 16, 2013May 16, 2013Apr 29, 2013$0.495Quarterly
Jan 15, 2013Feb 15, 2013Jan 28, 2013$0.4575Quarterly
Oct 11, 2012Nov 15, 2012Oct 22, 2012$0.4225Quarterly

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