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%

NYSE:TRGP