Targa Resources Corp.
NYSE-TRGP
Company Overview
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy 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. The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels. As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
Name
Targa Resources Corp.
CEO
Mr. Matthew J. Meloy
Website
www.targaresources.com
Sector
Oil, Gas and Consumable Fuels
Year Founded
2005
Profile
Market Cap
$33.35B
EV
$48.71B
Shares Out
219.08M
Revenue
$16.26B
Employees
3,182
Margins
Gross
32.33%
EBITDA
23.22%
Operating
14.8%
Pre-Tax
10.22%
Net
6.72%
FCF
2.61%
Returns (5Yr Avg)
ROA
0.98%
ROTA
15.44%
ROE
6.79%
ROCE
10.18%
ROIC
7.8%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$150.84
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$166.4M
Net Debt
$13.48B
Debt/Equity
3.14
EBIT/Interest
3.18
Growth (CAGR)
Rev 3Yr
11.48%
Rev 5Yr
10.48%
Rev 10Yr
7.53%
Dil EPS 3Yr
78.28%
Dil EPS 5Yr
29.26%
Dil EPS 10Yr
9.21%
Rev Fwd 2Yr
18.01%
EBITDA Fwd 2Yr
12.2%
EPS Fwd 2Yr
40.41%
EPS LT Growth Est
16.74%
Dividends
Yield
—
Payout
52.26%
DPS
$2.5
DPS Growth 3Yr
84.2%
DPS Growth 5Yr
-7.24%
DPS Growth 10Yr
-0.06%
DPS Growth Fwd 2Yr
37.97%