TRGP Stock Financial Analysis - Targa Resources Corp. (NYSE) Stock

Overview

Targa Resources Corp., based in the United States, is a leading provider in the midstream natural gas and natural gas liquids (NGL) industry. The company primarily engages in gathering, compressing, treating, processing, and selling natural gas and NGLs, along with storing, fractionating, and transporting these products. Notable for its strategic footprint, Targa operates major assets including expansive gas gathering networks and processing plants mainly in regions like the Permian Basin and Bakken Shale. Key projects that underscore its significant operational scale include the Grand Prix NGL Pipeline and the Badlands operations, which together enhance its ability to efficiently manage and distribute hydrocarbon products across key markets, thereby supporting robust infrastructure growth and energy supply.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Targa Resources Corp. as of June 30, 2025 is 17,078.70 MM.
The operating income for Targa Resources Corp. as of June 30, 2025 is 3,005.60 MM.
The net income for Targa Resources Corp. as of June 30, 2025 is 1,637.90 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	17,078.70	3,005.60	1,637.90
2025-03-31	16,380.60	2,599.30	1,307.30
2024-12-31	16,381.50	2,695.40	1,312.00
2024-09-30	16,215.70	2,630.20	1,260.70
2024-06-30	16,260.50	2,407.10	1,093.30
2024-03-31	16,102.20	2,428.90	1,124.10
2023-12-31	16,060.30	2,626.20	1,345.90
2023-09-30	16,375.60	2,542.30	1,364.30
2023-06-30	17,839.10	2,467.10	1,337.40
2023-03-31	20,491.20	2,269.90	1,604.50
2022-12-31	20,929.80	1,729.00	1,195.50
2022-09-30	21,816.60	1,550.60	563.90
2022-06-30	20,916.00	1,487.20	553.00
2022-03-31	18,276.20	1,281.10	12.80
2021-12-31	16,949.80	1,317.10	71.20
2021-09-30	14,081.00	1,270.60	418.40
2021-06-30	11,736.60	1,271.10	305.50
2021-03-31	9,844.10	1,238.40	330.30
2020-12-31	8,260.30	1,253.10	-1,553.90
2020-09-30	8,161.40	1,214.50	-1,700.30

Income Statement: EPS

The earnings per share basic for Targa Resources Corp. as of June 30, 2025 is 7.00.
The earnings per share diluted for Targa Resources Corp. as of June 30, 2025 is 6.97.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	7.00	6.97
2025-03-31	5.46	5.44
2024-12-31	5.77	5.74
2024-09-30	5.56	5.53
2024-06-30	4.78	4.75
2024-03-31	4.89	4.87
2023-12-31	3.69	3.66
2023-09-30	3.85	3.82
2023-06-30	3.73	3.69
2023-03-31	3.92	3.86
2022-12-31	3.95	3.88
2022-09-30	1.07	1.06
2022-06-30	0.92	0.92
2022-03-31	-0.56	-0.65
2021-12-31	-0.07	-0.07
2021-09-30	1.39	1.37
2021-06-30	0.85	0.84
2021-03-31	0.91	0.95
2020-12-31	-7.26	-7.26
2020-09-30	-7.84	-7.84

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Targa Resources Corp. as of June 30, 2025 is 3,681.50 MM.
The cash from investing activities for Targa Resources Corp. as of June 30, 2025 is -3,363.70 MM.
The cash from financing activities for Targa Resources Corp. as of June 30, 2025 is -371.10 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	3,681.50	-3,363.70	-371.10
2025-03-31	3,727.70	-3,156.70	-529.50
2024-12-31	3,649.70	-3,021.30	-612.80
2024-09-30	3,279.50	-3,002.00	-289.80
2024-06-30	3,145.90	-2,753.90	-395.00
2024-03-31	2,918.20	-2,597.90	-422.20
2023-12-31	3,211.60	-2,400.80	-888.10
2023-09-30	2,791.40	-2,175.90	-668.90
2023-06-30	2,843.70	-5,472.70	2,644.40
2023-03-31	2,802.40	-4,433.50	1,707.00
2022-12-31	2,380.80	-4,149.70	1,829.40
2022-09-30	2,347.40	-3,821.20	1,438.10
2022-06-30	2,383.00	-38.90	-2,399.10
2022-03-31	2,371.30	-580.20	-1,903.70
2021-12-31	2,302.90	-473.20	-1,914.00
2021-09-30	2,447.60	-383.70	-2,110.30
2021-06-30	2,309.20	-451.90	-1,844.50
2021-03-31	1,971.70	-626.20	-1,472.20
2020-12-31	1,744.50	-738.10	-1,094.70
2020-09-30	1,566.50	-1,105.90	-511.90

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Targa Resources Corp. as of June 30, 2025 is 28.97.
The p/book for Targa Resources Corp. as of June 30, 2025 is 14.72.
The p/tbv for Targa Resources Corp. as of June 30, 2025 is 68.15.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	28.97	14.72	68.15
2025-03-31		9.77	18.01
2024-12-31		8.69	16.23
2024-09-30	29.42	7.40	14.72
2024-06-30	25.36	6.23	12.53
2024-03-31	18.36	5.36	11.16
2023-12-31	14.20	4.42	10.03
2023-09-30	14.34	4.22	9.60
2023-06-30	10.59	3.85	9.58
2023-03-31	13.82	3.32
2022-12-31		3.52	8.79
2022-09-30		3.11	4.07
2022-06-30		2.85	3.68
2022-03-31	242.16	2.91	3.57
2021-12-31	28.59	1.95	2.46
2021-09-30	36.81	1.83	2.33
2021-06-30
2021-03-31	52.73	2.78	3.54
2020-12-31	-11.18	2.80	3.60
2020-09-30	-10.46	2.73	3.49

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Targa Resources Corp. as of June 30, 2025 is 0.03.
The ebit (3y)/ev for Targa Resources Corp. as of June 30, 2025 is 0.03.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.03	0.03
2025-03-31	0.03	0.03
2024-12-31	0.03	0.03
2024-09-30	0.04	0.03
2024-06-30	0.04	0.03
2024-03-31	0.05	0.03
2023-12-31	0.06	0.04
2023-09-30	0.06	0.04
2023-06-30	0.07	0.04
2023-03-31	0.06	0.03
2022-12-31	0.03	0.00
2022-09-30	0.04	0.00
2022-06-30	0.02	-0.01
2022-03-31	0.02	-0.01
2021-12-31	0.04	-0.01
2021-09-30	0.04	-0.02
2021-06-30
2021-03-31	0.03	-0.02
2020-12-31	-0.06	-0.02
2020-09-30	-0.06	-0.02

Management Effectiveness

The roa for Targa Resources Corp. as of June 30, 2025 is 0.06.
The roe for Targa Resources Corp. as of June 30, 2025 is 0.30.
The roic for Targa Resources Corp. as of June 30, 2025 is 0.07.
The croic for Targa Resources Corp. as of June 30, 2025 is 0.00.
The ocroic for Targa Resources Corp. as of June 30, 2025 is 0.20.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.06	0.30	0.07	0.00	0.20
2025-03-31	0.06	0.29	0.07	0.00	0.20
2024-12-31	0.06	0.27	0.07	-0.00	0.17
2024-09-30	0.05	0.25	0.06	-0.00	0.17
2024-06-30	0.06	0.25	0.06	-0.01	0.16
2024-03-31	0.07	0.27	0.08	-0.00	0.18
2023-12-31	0.07	0.29	0.08	-0.00	0.16
2023-09-30	0.09	0.30	0.08	0.00	0.17
2023-06-30	0.10	0.36	0.08	0.00	0.17
2023-03-31	0.08	0.25	0.10	0.00	0.18
2022-12-31	0.04	0.09	0.04	-0.00	0.15
2022-09-30	0.03	0.09	0.05	-0.00	0.19
2022-06-30	0.00	0.00	0.05	-0.00	0.20
2022-03-31	0.00	0.01	0.00	-0.01	0.21
2021-12-31	0.03	0.07	0.01	-0.01	0.19
2021-09-30	0.03	0.05	0.03	-0.00	0.18
2021-06-30	0.02	0.05	0.02	0.00	0.18
2021-03-31	0.02	0.05	0.02	-0.01	0.14
2020-12-31	-0.07	-0.27	-0.11	-0.01	0.12
2020-09-30	-0.09	-0.19	-0.12	-0.00	0.11

Gross Margins

The gross margin for Targa Resources Corp. as of June 30, 2025 is 0.34.
The net margin for Targa Resources Corp. as of June 30, 2025 is 0.08.
The operating margin for Targa Resources Corp. as of June 30, 2025 is 0.16.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.34	0.08	0.16
2025-03-31	0.35	0.08	0.16
2024-12-31	0.34	0.08	0.16
2024-09-30	0.32	0.07	0.15
2024-06-30	0.32	0.07	0.15
2024-03-31	0.34	0.08	0.16
2023-12-31	0.32	0.08	0.16
2023-09-30	0.29	0.07	0.14
2023-06-30	0.23	0.07	0.14
2023-03-31	0.19	0.08	0.11
2022-12-31	0.17	0.03	0.07
2022-09-30	0.17	0.03	0.07
2022-06-30	0.17	0.03	0.07
2022-03-31	0.19	0.00	0.07
2021-12-31	0.23	0.00	0.08
2021-09-30	0.27	0.03	0.09
2021-06-30	0.27	0.03	0.11
2021-03-31	0.32	0.03	0.13
2020-12-31	0.38	-0.19	0.15
2020-09-30	0.38	-0.21	0.15

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