Targa Resources (TRGP) Stock Overview

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.

TRGP Stock Information

Symbol

TRGP

Address

811 Louisiana StreetHouston, TX 77002United States

Founded

Trading hours

9:30 AM - 4:00 PM ET

Website

https://www.targaresources.com

Country

🇺🇸 United States

Phone Number

713 584 1000

Targa Resources (TRGP) Price Chart

Targa Resources Overview: Key Details and Summary

Stock data	2023	Change
Price	$171.94	N/A
Market Cap	$38.34B	N/A
Shares Outstanding	222.98M	-1.90%
Employees	2.85K	N/A
Shareholder Equity	4.61B	-7.47%

Valuation	2023	Change
P/S Ratio	2.39	N/A
P/B Ratio	8.32	N/A
P/FCF	46.40	N/A
POE	0.00	N/A

Dividends	2023	Change
Dividend Yield	1.11%	N/A
Dividend per share	1.9163	N/A
Dividend Payout Ratio	0.2706	N/A

Growth	2023	Change
ROIC	0.1771	N/A
WACC	0.0385	N/A
CAPEX	-2.39B	N/A
Return on Equity	0.3426	N/A

Earnings	2023	Change
Revenue	$16.06B	N/A
Earnings	$1.58B	N/A
Free Cash Flow	$826.20M	N/A
Gross Margin	0.2524	N/A
Operating Margin	0.1635	N/A
Net income margin	0.0983	N/A
FCF Margin	0.0514	N/A

Financial Strength	2023	Change
Total Assets	$20.67B	N/A
Total Debt	$13.01B	N/A
Cash on Hand	$141.70M	N/A
Debt to Equity	$3.48	19.08%
Cash to Debt	0.0109	-42.49%
POE	0.0000	N/A
Current Ratio	0.7949	3.44%

Other data	2023	Change
Buyback Yield	0.0112	N/A