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Price (delayed)
$180.72
Market cap
$39.41B
P/E Ratio
32.39
Dividend/share
$2.75
EPS
$5.58
Enterprise value
$53.54B
Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops
Highlights
TRGP's EPS is up by 45% YoY and by 16% from the previous quarter
The quick ratio rose by 13% QoQ and by 6% YoY
The company's net income rose by 15% QoQ but it fell by 8% YoY
The price to earnings (P/E) is 30% higher than the last 4 quarters average of 25.0
Targa Resources's debt has increased by 10% YoY and by 5% QoQ
Key stats
What are the main financial stats of TRGP
Market
Valuations
Earnings
Shares outstanding
218.06M
Market cap
$39.41B
Enterprise value
$53.54B
Price to earnings (P/E)
32.39
Price to book (P/B)
15.38
Price to sales (P/S)
2.44
EV/EBIT
22.26
EV/EBITDA
14.12
EV/Sales
3.3
Revenue
$16.22B
Gross profit
$4.4B
Net income
$1.26B
EBIT
$2.4B
EBITDA
$3.79B
Free cash flow
$325.3M
Per share
Balance sheet
Liquidity
EPS
$5.58
EPS diluted
$5.53
Free cash flow per share
$1.49
Book value per share
$11.75
Revenue per share
$74.04
TBVPS
$90.56
Total assets
$21.9B
Total liabilities
$17.45B
Debt
$14.25B
Equity
$2.57B
Working capital
-$599.1M
Debt to equity
5.54
Current ratio
0.77
Quick ratio
0.54
Net debt/EBITDA
3.73
Margins
Efficiency
Dividend
EBITDA margin
23.4%
Gross margin
27.1%
Net margin
7.8%
Operating margin
16.2%
Return on assets
5.9%
Return on equity
47.4%
Return on invested capital
8.1%
Return on capital employed
12.5%
Return on sales
14.8%
Dividend yield
1.52%
DPS
$2.75
Payout ratio
49.3%
TRGP stock price
How has the Targa Resources stock price performed over time
Intraday
1.32%
1 week
-0.28%
1 month
-12.83%
1 year
108.42%
YTD
108.03%
QTD
22.1%
Financial performance
How have Targa Resources's revenue and profit performed over time
Revenue
$16.22B
Gross profit
$4.4B
Operating income
$2.63B
Net income
$1.26B
Gross margin
27.1%
Net margin
7.8%
Targa Resources's net margin has increased by 16% QoQ but it has decreased by 6% YoY
The company's net income rose by 15% QoQ but it fell by 8% YoY
TRGP's operating margin is up by 9% since the previous quarter and by 4.5% year-on-year
The operating income is up by 9% since the previous quarter and by 3.5% year-on-year
Growth
What is Targa Resources's growth rate over time
Valuation
What is Targa Resources stock price valuation
P/E
32.39
P/B
15.38
P/S
2.44
EV/EBIT
22.26
EV/EBITDA
14.12
EV/Sales
3.3
TRGP's EPS is up by 45% YoY and by 16% from the previous quarter
The price to earnings (P/E) is 30% higher than the last 4 quarters average of 25.0
The P/B is 165% above the 5-year quarterly average of 5.8 and 52% above the last 4 quarters average of 10.1
Targa Resources's equity has increased by 4.3% from the previous quarter and by 2.7% YoY
The stock's P/S is 171% more than its 5-year quarterly average of 0.9 and 53% more than its last 4 quarters average of 1.6
Efficiency
How efficient is Targa Resources business performance
TRGP's return on equity is up by 41% year-on-year and by 15% since the previous quarter
TRGP's ROA is up by 31% YoY and by 13% from the previous quarter
TRGP's ROS is up by 10% from the previous quarter and by 6% YoY
The company's return on invested capital fell by 7% YoY but it rose by 7% QoQ
Dividends
What is TRGP's dividend history
DPS
$2.75
Dividend yield
1.52%
Payout ratio
49.3%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Targa Resources financials performed over time
Targa Resources's total assets is 26% more than its total liabilities
The current ratio rose by 18% since the previous quarter but it has declined by 3.8% year-on-year
The quick ratio rose by 13% QoQ and by 6% YoY
Targa Resources's debt has increased by 10% YoY and by 5% QoQ
The debt to equity rose by 7% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.