Targa Resources (TRGP)
(Real Time Quote from BATS)
$154.96 USD
+2.13 (1.39%)
Updated Sep 23, 2024 03:02 PM ET
3-Hold of 5 3
B Value B Growth B Momentum B VGM
Company Summary
Targa Resources Corp. is a premier energy infrastructure company. A leading provider of integrated midstream services in North America, the Houston, TX based operator primarily derives its revenues from gathering, compressing, treating, processing and selling natural gas. Targa Resources also provides services associated with natural gas liquids (“NGL”), including those to liquefied petroleum gas (“LPG”) exporters - and crude oil.
The thing that stands out is the company’s formidable position in the world's largest NGL hub - Mont Belvieu, TX. Targa Resources has a gross fractionation capacity ...
Company Summary
Targa Resources Corp. is a premier energy infrastructure company. A leading provider of integrated midstream services in North America, the Houston, TX based operator primarily derives its revenues from gathering, compressing, treating, processing and selling natural gas. Targa Resources also provides services associated with natural gas liquids (“NGL”), including those to liquefied petroleum gas (“LPG”) exporters - and crude oil.
The thing that stands out is the company’s formidable position in the world's largest NGL hub - Mont Belvieu, TX. Targa Resources has a gross fractionation capacity for processing approximately 938 thousand barrels per day of NGL. Further, the company owns state-of-the-art LPG export facilities on the Gulf Coast at its Galena Park Marine Terminal, which is interconnected to Mont Belvieu.
The company also has a significant presence in the Permian basin – the region at the forefront of American energy growth. Targa Resources’ Grand Prix NGL pipeline out of the Permian helps it to bring gathering and processing volumes to Mont Belvieu fractionation and export facilities.
Targa Resources has two main business segments in Gathering and Processing, and Logistics and Transportation.
The Gathering and Processing unit (accounting for 52% of the company’s 2023 operating margin) operates close to natural gas wellheads (in the Permian Basin, the Eagle Ford Shale, the Barnett Shale and several other regions), connecting them with large pipelines and processing the commodity into a usable form by separating NGLs and removing impurities. The segment also consists of assets used for crude oil gathering and terminaling.
The Logistics and Transportation (or Downstream) business (48%) is engaged in converting the mixed NGLs sourced from natural gas processing plants into NGL products. The unit also includes other value-added services like transporting, storing, fractionating, terminaling, and marketing of NGLs and NGL products, including services to LPG exporters. The Grand Prix pipeline and Targa Resources’ equity interest in Gulf Coast Express Pipeline LLC – a natural gas pipeline from West Texas to the Gulf Coast - are also part of this segment.
General Information
Targa Resources, Inc
811 LOUISIANA STREET SUITE 2100
HOUSTON, TX 77002
Phone: 713-584-1000
Fax: 713-584-1100
Web: http://www.targaresources.com
Email: investorrelations@targaresources.com
Industry | Oil and Gas - Refining and Marketing - Master Limited Partnerships |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.55 |
Current Year EPS Consensus Estimate | 5.89 |
Estimated Long-Term EPS Growth Rate | 21.50 |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 152.83 |
52 Week High | 155.75 |
52 Week Low | 77.97 |
Beta | 2.26 |
20 Day Moving Average | 1,747,644.25 |
Target Price Consensus | 151.89 |
4 Week | 6.04 |
12 Week | 18.67 |
YTD | 75.93 |
4 Week | 4.77 |
12 Week | 13.64 |
YTD | 47.15 |
Shares Outstanding (millions) | 219.08 |
Market Capitalization (millions) | 33,481.95 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 1.96% |
Annual Dividend | $3.00 |
Payout Ratio | 0.63 |
Change in Payout Ratio | -0.50 |
Last Dividend Payout / Amount | 7/31/2024 / $0.75 |
Fundamental Ratios
P/E (F1) | 25.97 |
Trailing 12 Months | 32.17 |
PEG Ratio | 1.21 |
vs. Previous Year | -7.64% |
vs. Previous Quarter | 9.02% |
vs. Previous Year | 4.65% |
vs. Previous Quarter | -21.93% |
Price/Book | 7.70 |
Price/Cash Flow | 15.64 |
Price / Sales | 2.06 |
6/30/24 | 23.98 |
3/31/24 | 24.41 |
12/31/23 | 18.64 |
6/30/24 | 5.18 |
3/31/24 | 5.44 |
12/31/23 | 4.21 |
6/30/24 | 0.65 |
3/31/24 | 0.70 |
12/31/23 | 0.79 |
6/30/24 | 0.53 |
3/31/24 | 0.62 |
12/31/23 | 0.66 |
6/30/24 | 6.60 |
3/31/24 | 6.86 |
12/31/23 | 5.20 |
6/30/24 | 6.60 |
3/31/24 | 6.86 |
12/31/23 | 5.20 |
6/30/24 | 10.22 |
3/31/24 | 10.51 |
12/31/23 | 12.10 |
6/30/24 | 19.85 |
3/31/24 | 20.65 |
12/31/23 | 20.67 |
6/30/24 | 33.37 |
3/31/24 | 33.15 |
12/31/23 | 34.17 |
6/30/24 | 2.98 |
3/31/24 | 2.73 |
12/31/23 | 2.68 |
6/30/24 | 74.88 |
3/31/24 | 73.21 |
12/31/23 | 72.79 |