Targa Resources is a midstream natural gas company, that operates, acquires and develops a diversified portfolio of complementary midstream energy assets. Its business activities include gathering, compressing, treating, processing and selling natural gas and oil, storing, fractionating, treating, transporting and selling NGLs and NGL products, including services to LPG exporters. The Company divides its business into two segments: gathering and processing, and logistics and marketing. 

Type
Public
HQ
Houston, US
Founded
2006
Size (employees)
2,130 (est)+9%
Targa Resources was founded in 2006 and is headquartered in Houston, US
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Key People/Management at Targa Resources

Joe Perkins

Joe Perkins

Chief Executive Officer
James Whalen

James Whalen

Executive Chairman
Michael Heim

Michael Heim

Vice Chairman
Matthew Meloy

Matthew Meloy

President
Jeffrey McParland

Jeffrey McParland

President - Administration
Patrick McDonie

Patrick McDonie

President – Gathering and Processing
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Targa Resources Office Locations

Targa Resources has an office in Houston
Houston, US (HQ)
1000 Louisiana St
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Targa Resources Financials and Metrics

Targa Resources Financials

Targa Resources's revenue was reported to be $6.69 b in FY, 2016 which is a 0.5% increase from the previous period.
USD

Revenue (Q2, 2017)

1.9 b

Net income (Q2, 2017)

70.6 m

EBIT (Q2, 2017)

37.2 m

Market capitalization (21-May-2018)

10.7 b

Closing share price (21-May-2018)

48.7

Cash (30-Jun-2017)

98.7 m

EV

14.5 b
Targa Resources's current market capitalization is $10.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

6.6 b8.6 b6.7 b6.7 b

Revenue growth, %

31%(23%)0%

EBIT

368.2 m640.5 m159.3 m55.8 m

EBIT margin, %

6%7%2%1%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

1.6 b2.4 b2.1 b2.3 b1.7 b1.7 b1.6 b1.4 b1.6 b1.7 b2.1 b1.9 b

General and administrative expense

37.7 m38 m41.6 m43 m42.6 m49.2 m44.9 m45.3 m47 m46.1 m

Operating expense total

37.7 m38 m41.6 m43 m42.6 m49.2 m44.9 m1.4 b47 m46.1 m

EBIT

88.5 m158.4 m150.3 m168.7 m137.3 m112.4 m115.3 m35.5 m66.3 m51.6 m50.5 m37.2 m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

252.4 m188.4 m145.8 m76.3 m66.7 m81 m140.2 m73.5 m

Accounts Receivable

658.8 m567.3 m515.8 m674.6 m

Inventories

150.7 m168.9 m141 m137.7 m

Current Assets

897.2 m882.6 m920 m1 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

105.7 m102.9 m114.5 m170.9 m141.1 m80 m98.7 m

Inventories

124.8 m151.1 m61.7 m111 m150.3 m75.5 m197.7 m

Current Assets

963.5 m1 b715.9 m856.7 m976.7 m812.1 m914.9 m

PP&E

9.7 b9.8 b9.7 b9.7 b9.7 b10 b10.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

201.3 m423 m(151.4 m)(159.1 m)

Inventories

(84.5 m)(36.2 m)41.4 m(15.9 m)

Accounts Payable

83.6 m(104.7 m)(187.4 m)175.7 m

Cash From Operating Activities

382.7 m761.8 m1 b837.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

105.6 m106.9 m210.2 m330.7 m34.6 m59.7 m80.6 m(700 k)(15.2 m)(18.4 m)(110.5 m)(39.9 m)

Depreciation and Amortization

198.7 m79.6 m165.4 m253.1 m119.6 m191.1 m394.6 m

Inventories

60.6 m(18.1 m)(117.8 m)102.4 m57.9 m31.2 m62.3 m12.4 m(27.8 m)53.7 m(68.6 m)

Accounts Payable

(5.5 m)7.8 m86.4 m80 m(91.2 m)(139 m)(139.9 m)(115.9 m)29.3 m89.1 m(196.9 m)(187.3 m)
USDY, 2017

EV/EBIT

390.7 x

EV/CFO

31.3 x
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