Targa Historical Income Statement
| TRGP Stock | USD 112.31 0.68 0.60% |
Historical analysis of Targa Resources income statement accounts such as Gross Profit of 1.6 B, Other Operating Expenses of 9.5 B, Operating Income of 2.3 B or Ebit of 2.3 B can show how well Targa Resources performed in making a profits. Evaluating Targa Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Targa Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Targa Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Targa Resources is a good buy for the upcoming year.
Targa |
About Targa Income Statement Analysis
Targa Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Targa Resources shareholders. The income statement also shows Targa investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Targa Resources Income Statement Chart
Targa Resources Income Statement is one of the three primary financial statements used for reporting Targa's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Targa Resources revenue and expense. Targa Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Targa Resources' Net Income is relatively stable compared to the past year. As of 05/05/2024, Income Tax Expense is likely to grow to about 381.4 M, while Gross Profit is likely to drop slightly above 1.6 B. Add Fundamental
Total Revenue
Total revenue comprises all receipts Targa Resources generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Targa Resources minus its cost of goods sold. It is profit before Targa Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Targa Resources. It is also known as Targa Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Targa Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Targa Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.At this time, Targa Resources' Net Income is relatively stable compared to the past year. As of 05/05/2024, Income Tax Expense is likely to grow to about 381.4 M, while Gross Profit is likely to drop slightly above 1.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 3.0B | 2.5B | 1.6B | Total Revenue | 16.9B | 20.9B | 15.6B | 10.3B |
Targa Resources income statement Correlations
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Targa Resources Account Relationship Matchups
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Targa Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 971.6M | 865.1M | 870.6M | 1.0B | 1.3B | 1.4B | |
| Interest Expense | 337.8M | (391.3M) | 387.9M | 446.1M | 728.9M | 765.3M | |
| Selling General Administrative | 280.7M | 254.6M | 273.2M | 309.7M | 348.7M | 220.9M | |
| Total Revenue | 8.7B | 8.3B | 16.9B | 20.9B | 15.6B | 10.3B | |
| Gross Profit | 1.6B | 2.3B | 2.3B | 3.0B | 2.5B | 1.6B | |
| Other Operating Expenses | 8.2B | 7.0B | 15.6B | 19.2B | 13.4B | 9.5B | |
| Operating Income | 618.7M | 3.8B | 1.3B | 1.7B | 2.2B | 2.3B | |
| Ebit | 618.7M | 3.8B | 1.3B | 1.7B | 2.2B | 2.3B | |
| Ebitda | 1.6B | 4.7B | 2.2B | 2.8B | 3.5B | 3.7B | |
| Cost Of Revenue | 7.1B | 6.0B | 14.6B | 18.0B | 13.1B | 8.7B | |
| Total Operating Expenses | 1.1B | 1.0B | 1.0B | 1.2B | 348.6M | 331.2M | |
| Income Before Tax | (46.7M) | (1.6B) | 436.9M | 1.7B | 1.9B | 2.0B | |
| Total Other Income Expense Net | (665.4M) | (5.4B) | (852.6M) | (65.8M) | (244.2M) | (256.4M) | |
| Net Income Applicable To Common Shares | (334M) | (1.7B) | (16.1M) | 896.8M | 807.1M | 847.5M | |
| Net Income | 41.2M | (1.3B) | 422.1M | 896.8M | 828.2M | 869.6M | |
| Income Tax Expense | (87.9M) | (248.1M) | 14.8M | 131.8M | 363.2M | 381.4M | |
| Minority Interest | 3.5B | 228.9M | 350.9M | 335.9M | (253.3M) | (240.6M) | |
| Net Income From Continuing Ops | 41.2M | (1.3B) | 422.1M | 1.5B | 1.6B | 1.7B | |
| Non Operating Income Net Other | 108.3M | 76M | (23.3M) | 429.9M | 494.4M | 519.1M | |
| Non Recurring | 210M | 243.2M | 2.4B | 452.3M | 520.1M | 625.1M | |
| Tax Provision | (87.9M) | (248.1M) | 14.8M | 131.8M | 270.5M | 284.0M | |
| Net Interest Income | (337.8M) | (345.7M) | (404.5M) | (495.7M) | (655.4M) | (622.6M) | |
| Reconciled Depreciation | 971.6M | 865.1M | 870.6M | 1.1B | 1.3B | 1.1B |
Targa Resources Investors Sentiment
The influence of Targa Resources' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Targa. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Targa Resources' public news can be used to forecast risks associated with an investment in Targa. The trend in average sentiment can be used to explain how an investor holding Targa can time the market purely based on public headlines and social activities around Targa Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Targa Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Targa Resources' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Targa Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Targa Resources.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Targa Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Targa Resources' short interest history, or implied volatility extrapolated from Targa Resources options trading.
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When determining whether Targa Resources is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Targa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Targa Resources Stock. Highlighted below are key reports to facilitate an investment decision about Targa Resources Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Targa Stock analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.
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Is Targa Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Targa Resources. If investors know Targa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Targa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 42.844 | Dividend Share 2.25 | Earnings Share 4.85 | Revenue Per Share 71.981 | Quarterly Revenue Growth 0.009 |
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.