Targa Resources Corp. TRGP
Oil & Gas Midstream, Energy
$288.84
+1.72%
- Market cap
- $61.9B
- PE
- 27.1×
- 10y median 31.1×
- Forward PE
- Price to sales
- 3.6×
- EV/EBIT
- 20.8×
- Revenue, 12 months
- $16.7B
- −2% on a year ago
- Net margin
- 13.5%
- Free cash flow yield
- 1.2%
Targa Resources trades at 27.1× trailing earnings, cheaper than 68% of the last ten years. Revenue was $16.7B over the last twelve months, down 2% on a year earlier with a 14% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $4.2B | $4.6B | $3.6B | $3.9B | $4.4B+4% | $4.6B+0% | $4.3B+20% | $4.2B+8% | $4.1B−8% | $4.1B−10% | $4.4B+4% | |
| Cost of revenue | $2.9B | $3.2B | $2.2B | $2.4B | $2.9B+1% | $3.3B+1% | $2.4B+11% | $2.5B+6% | $2.3B−21% | $2.4B−27% | $2.3B−6% |
| Gross profit | $1.3B | $1.3B | $1.4B | $1.5B | $1.5B+11% | $1.3B−3% | $1.8B+34% | $1.6B+11% | $1.7B+18% | $1.7B+30% | $2.1B+17% |
| SG&A | $95.3M | $86.5M | $98.3M | $102.6M | $97.5M+2% | $94.5M+9% | $95M−3% | $104.8M+2% | $111.7M+15% | $107.8M+14% | $108.1M+14% |
| $635.3M | $639.4M | $627.2M | $728.2M | $700.5M+10% | $543.3M−15% | $1B+65% | $836.9M+15% | $917.4M+31% | $846.9M+56% | $1.2B+19% | |
| Interest expense | $178M | $228.6M | $176M | $184.9M | $177.7M−0% | $197.1M−14% | $218.4M+24% | $221.3M+20% | $216M+22% | $0 | $236.6M+8% |
| Pre-tax income | $460.1M | $415.3M | $453.2M | $545.1M | $524.4M+14% | $352M−15% | $821.3M+81% | $620.9M+14% | $692.2M+32% | $611.3M+74% | $1B+22% |
| $102.5M | $82.7M | $94.3M | $97M | $110.4M+8% | $72.2M−13% | $184.1M+95% | $134.3M+39% | $139.1M+26% | $123.9M+72% | $227.2M+23% | |
| Net income | $299.6M | $275.2M | $298.5M | $387.4M | $351M+17% | $270.5M−2% | $629.1M+111% | $478.4M+24% | $545M+55% | $479.6M+77% | $764.6M+22% |
| $1.25 | $1.22 | $1.33 | $1.75 | $1.45+16% | $0.91−25% | $2.87+116% | $2.20+26% | $2.53+75% | $2.21+143% | $3.54+23% | |
| 222.6M | 223.7M | 221.9M | 220M | 221.3M−1% | 218.7M−2% | 217.3M−2% | 216M−2% | 215M−3% | 215.5M−2% | 215.2M−1% |
From each company's 10-Q and 10-K filings. Fiscal years are four fiscal quarters added up; balance sheet lines are as of the period's end. Growth is on the same period a year earlier.
Estimates
Next earnings report: .
Analyst consensus for the next eight quarters, with the range from the lowest to the highest estimate, is part of Superworth Pro.
Peers
Companies in Oil & Gas Midstream within ten times Targa Resources's size, closest in size first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| TRGPTarga Resources Corp. | $60.9B | 27.1× | 31.1× | 3.6× | −2% | 13.5% | |
| MPLXMPLX Lp | $57.8B | 12.3× | 11.8× | 4.4× | +9% | 36.1% | |
| LNGCheniere Energy, Inc. | $56.2B | 20.3× | 14.9× | 2.5× | +23% | 13.1% | |
| OKEONEOK, Inc. | $55.5B | 15.2× | 19.8× | 1.4× | +41% | 9.3% | |
| KMIKinder Morgan, Inc. | $70.9B | 20.4× | 22.7× | 3.9× | +12% | 19.3% | |
| ETEnergy Transfer LP | $71.3B | 12.9× | 13.1× | 0.7× | +33% | 4.9% | |
| EPDEnterprise Products Partners L.P. | $79.7B | 12.8× | 12.4× | 1.4× | +7% | 10.8% | |
| WMBThe Williams Companies, Inc. | $87.4B | 28.5× | 28.1× | 7.2× | +9% | 25.2% | |
| VGVenture Global, Inc. | $32.6B | 10.3× | 13.9× | 1.9× | +101% | 22.3% | |
| CQPCheniere Energy Partners, L.P. | $30.7B | 10.6× | 14.3× | 2.7× | +15% | 27.3% | |
| Peer median | $57.8B | 12.9× | 14.3× | 2.5× | +15% | 19.3% |
About
- Industry
- Oil & Gas Midstream
- Sector
- Energy
Valuation data, not investment advice. Prices as of .