CA
NZ
UK
AU
IND
US
…
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.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Targa Resources is a U.S. midstream company that gathers, processes, transports, stores and markets natural gas, natural gas liquids and refined products across the Permian, Gulf Coast and Mid‑Continent. Growth may be supported by U.S. production trends, expansion of fractionation, storage and export capacity, and fee‑based agreements that could support cash flow and provide infrastructure exposure.
Material risks include sensitivity to producer volumes and commodity cycles, operational or environmental incidents, regulatory and permitting changes, and capital intensity that increases execution and financing risk.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1663.20M | 436.90M | -1573.10M | -46.70M | 65.90M |
| Minority interest | 335.90M | 350.90M | 228.90M | 3522.10M | 1391.40M |
| Net income | 1195.50M | 422.10M | -1325.00M | 41.20M | 1.60M |
| Selling general administrative | 309.70M | 273.20M | 254.60M | 280.70M | 256.90M |
| Gross profit | 2951.70M | 2349.70M | 2290.10M | 1581.00M | 1429.90M |
| Reconciled depreciation | 1096.00M | 870.60M | 865.10M | 971.60M | 815.90M |
| Ebit | 1729.00M | 1289.50M | 3809.60M | 618.70M | 648.50M |
| Ebitda | 2769.60M | 2160.10M | 4674.70M | 1590.30M | 1464.40M |
| Depreciation and amortization | 1040.60M | 870.60M | 865.10M | 971.60M | 815.90M |
| Non operating income net other | 429.90M | -23.30M | 76.00M | 108.30M | 7.40M |
| Operating income | 1729.00M | 1289.50M | 3809.60M | 618.70M | 237.50M |
| Other operating expenses | 19200.60M | 15620.40M | 7007.20M | 8235.00M | 10036.60M |
| Interest expense | 446.10M | 387.90M | -391.30M | 337.80M | 185.80M |
| Tax provision | 131.80M | 14.80M | -248.10M | -87.90M | 5.50M |
| Interest income | - | - | - | 298.80M | 178.50M |
| Net interest income | -495.70M | -404.50M | -345.70M | -337.80M | -185.80M |
| Non recurring | - | 452.30M | 2442.80M | 243.20M | 210.00M |
| Income tax expense | 131.80M | 14.80M | -248.10M | -87.90M | 5.50M |
| Total revenue | 20929.80M | 16949.80M | 8260.30M | 8671.10M | 10484.00M |
| Total operating expenses | 1222.50M | 1020.30M | 1037.00M | 1144.90M | 982.50M |
| Cost of revenue | 17978.10M | 14600.10M | 5970.20M | 7090.10M | 9054.10M |
| Total other income expense net | -65.80M | -852.60M | -5382.70M | -665.40M | -193.70M |
| Net income from continuing ops | 1531.40M | 422.10M | -1325.00M | 41.20M | 60.40M |
| Net income applicable to common shares | 896.80M | -16.10M | -1684.80M | -334.00M | -119.30M |
| Preferred stock and other adjustments | 30.00M | 87.30M | 91.70M | 91.70M | 91.70M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 19560.00M | 15208.20M | 15875.70M | 18815.10M | 16938.20M |
| Intangible assets | 2734.60M | 1094.80M | 1382.40M | 1735.00M | 1983.20M |
| Other current assets | 155.50M | 82.90M | 87.70M | 69.70M | 41.30M |
| Total liab | 14577.80M | 9279.80M | 9671.10M | 10093.40M | 9221.70M |
| Total stockholder equity | 2665.70M | 2761.50M | 2955.30M | 5199.60M | 6325.10M |
| Deferred long term liab | 467.80M | 245.30M | 195.50M | 475.00M | 528.30M |
| Other current liab | 455.90M | 258.20M | 142.60M | 110.50M | 522.70M |
| Common stock | 0.20M | 0.20M | 0.20M | 0.20M | 0.20M |
| Capital stock | 0.20M | 0.20M | 0.20M | 279.00M | 0.20M |
| Retained earnings | -626.80M | -1822.30M | -1893.50M | -339.60M | -130.40M |
| Other liab | 780.40M | 512.40M | 458.40M | 733.40M | 790.50M |
| Good will | - | - | - | 45.20M | 46.60M |
| Other assets | 122.90M | 89.40M | 860.00M | 47.40M | 70.60M |
| Cash | 219.00M | 158.50M | 242.80M | 331.10M | 232.10M |
| Total current liabilities | 3066.70M | 2298.50M | 1779.40M | 1872.60M | 2798.80M |
| Current deferred revenue | 327.70M | 475.20M | 434.40M | 382.80M | 47.70M |
| Net debt | 11346.00M | 6473.20M | 7559.10M | 7538.50M | 6428.20M |
| Short term debt | 834.30M | 162.80M | 368.60M | 382.20M | 1027.90M |
| Short long term debt | 800.00M | 150.00M | 356.50M | 370.00M | 1027.90M |
| Short long term debt total | 11565.00M | 6631.70M | 7801.90M | 7869.60M | 6660.30M |
| Other stockholder equity | -16322.40M | 4064.80M | 4689.00M | 5167.70M | 6115.30M |
| Property plant equipment | 14214.60M | 11667.70M | 12173.60M | 14590.50M | 12928.40M |
| Total current assets | 2356.60M | 1769.80M | 1460.30M | 1658.30M | 1418.90M |
| Long term investments | 155.80M | 594.20M | 763.30M | 738.70M | 490.50M |
| Net tangible assets | -68.90M | 1666.70M | 1572.90M | 3140.60M | 4049.60M |
| Short term investments | - | - | 714.00M | - | - |
| Net receivables | 1408.40M | 1331.90M | 862.80M | 855.00M | 865.50M |
| Long term debt | 10509.10M | 6420.70M | 7368.40M | 7414.40M | 5632.40M |
| Inventory | 393.80M | 153.40M | 181.50M | 161.50M | 164.70M |
| Accounts payable | 1448.80M | 1402.30M | 833.80M | 997.10M | 1200.50M |
| Noncontrolling interest in consolidated entity | 2316.50M | 3166.90M | 3249.30M | 3522.10M | 1391.40M |
| Accumulated other comprehensive income | 54.70M | -230.90M | -141.80M | 92.50M | 94.30M |
| Common stock total equity | 0.20M | 0.20M | 0.20M | 0.20M | 0.20M |
| Retained earnings total equity | -626.80M | -1822.30M | -1893.50M | -339.60M | -130.40M |
| Treasury stock | -464.70M | -204.10M | -150.90M | -53.50M | -39.60M |
| Non currrent assets other | -204.80M | 81.70M | 96.10M | 53.90M | -454.60M |
| Non current assets total | 17203.40M | 13438.40M | 14415.40M | 17156.80M | 15519.30M |
| Capital lease obligations | 255.90M | 61.00M | 77.00M | 85.20M | - |
| Long term debt total | 10702.10M | 6434.40M | 7387.10M | 7440.20M | 5632.40M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 872.30M | 19.60M | 10.50M | -193.00M | -276.50M |
| Change to liabilities | 35.50M | 5.90M | 6.90M | 80.80M | 57.20M |
| Total cashflows from investing activities | -4149.70M | -473.20M | -738.10M | -3071.90M | -3146.90M |
| Net borrowings | -25833.10M | -1176.60M | -20.50M | 1105.10M | 1585.30M |
| Total cash from financing activities | 1829.40M | -1914.00M | -1094.70M | 1781.10M | 2097.80M |
| Change to operating activities | 35.50M | 5.90M | 6.90M | 45.80M | 25.60M |
| Net income | 1531.40M | 422.10M | -1325.00M | 41.20M | 60.40M |
| Change in cash | 60.50M | -84.30M | -88.30M | 99.00M | 94.90M |
| Begin period cash flow | 158.50M | 242.80M | 331.10M | 232.10M | 137.20M |
| End period cash flow | 219.00M | 158.50M | 242.80M | 331.10M | 232.10M |
| Total cash from operating activities | 2380.80M | 2302.90M | 1744.50M | 1389.80M | 1144.00M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 689.00M |
| Depreciation | 1096.00M | 870.60M | 865.10M | 971.60M | 815.90M |
| Other cashflows from investing activities | -3687.70M | 12.30M | 203.00M | -1.10M | 244.40M |
| Dividends paid | -379.70M | -187.50M | -395.90M | -964.80M | 919.60M |
| Change to inventory | -236.20M | 40.60M | -27.70M | -45.00M | -13.90M |
| Change to account receivables | 1230.00M | -392.40M | -25.60M | -24.70M | -6.20M |
| Sale purchase of stock | -1225.80M | -53.20M | -268.20M | 555.30M | 3777.60M |
| Other cashflows from financing activities | 40558.40M | -493.80M | -407.60M | 8161.00M | 722.40M |
| Change to netincome | 92.30M | 766.20M | 2074.80M | 350.90M | 288.20M |
| Capital expenditures | 1334.30M | 505.10M | 951.60M | 2877.80M | 3114.80M |
| Change receivables | 219.70M | -392.40M | -25.60M | -24.70M | -6.20M |
| Cash flows other operating | -373.20M | 575.60M | 161.30M | -72.10M | -72.10M |
| Cash and cash equivalents changes | 60.50M | -84.30M | -88.30M | 99.00M | 94.90M |
| Change in working capital | -364.00M | 205.80M | 59.30M | 11.10M | 37.10M |
| Stock based compensation | 57.50M | 59.20M | 66.20M | 60.30M | 56.30M |
| Other non cash items | -65.20M | 733.10M | 2311.60M | 393.50M | 168.80M |
| Free cash flow | 1046.50M | 1797.80M | 792.90M | -1488.00M | -1970.80M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TRGP Targa Resources Inc |
2.31 0.76% |
304.68 | 22.76 | 15.62 | 1.17 | 7.63 | 1.95 | 8.27 |
| EBBNF Enbridge Inc |
- -% |
25.12 | 11.23 | - | 1.48 | - | - | - |
| EPD Enterprise Products Partners LP |
-0.08 0.22% |
37.00 | 13.38 | 12.24 | 1.43 | 2.76 | 2.01 | 11.37 |
| ENB Enbridge Inc |
0.11 0.23% |
48.26 | 32.07 | 17.33 | 1.67 | 1.73 | 2.98 | 10.28 |
| ET Energy Transfer LP |
0.15 0.73% |
20.60 | 14.71 | 12.67 | 0.68 | 2.09 | 1.33 | 8.25 |
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.
811 Louisiana Street, Houston, TX, United States, 77002
713 584 1000
2850
| Name | Title | Year Born |
|---|---|---|
| Mr. Matthew J. Meloy | CEO & Director | 1978 |
| Ms. Jennifer R. Kneale | Chief Financial Officer | 1979 |
| Mr. D. Scott Pryor | Pres of Logistics & Transportation | 1963 |
| Mr. Patrick J. McDonie | Pres of Gathering & Processing | 1961 |
| Mr. Robert M. Muraro | Chief Commercial Officer | 1977 |
| Mr. G. Clark White | Exec. VP of Operations | 1960 |
| Ms. Julie H. Boushka | Sr. VP & Chief Accounting Officer | 1963 |
| Mr. Sanjay Lad | VP of Fin. & Investor Relations | NA |
| Ms. Regina L. Gregory | Exec. VP, Gen. Counsel & Sec. | 1971 |
| Mr. Denny Latham | Exec. VP of Permian & Gen. Partner | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
Download a free report with stock ideas and industry insights for general information.
Download Free Report Now →
Basic Materials
-0.43%
Communication Services
-0.70%
Consumer Cyclical
-0.35%
Consumer Defensive
-0.54%
Energy
+0.40%
Financial Services
-0.54%
Financials
+0.30%
Healthcare
+0.19%
Industrials
+0.38%
Real Estate
+0.22%
Technology
+0.27%
Utilities
-0.53%
Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.
Portfolio
Watchlist
Please wait processing your request...