Targa Resources

Targa Resources is a growth-oriented provider of midstream services and is one of the largest independent midstream energy companies in North America.

We own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. Targa offers a dynamic work environment where you can learn, develop and grow. We encourage employee input and active involvement towards our continuous performance improvement in all areas of our business.With people as our priority, we are committed to safety and to providing the support required to help employees achieve their goals.

Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
2006
Size (employees)
1,970 (est)
Targa Resources was founded in 2006 and is headquartered in Houston, US

Key People at Targa Resources

Joe Bob Perkins

Joe Bob Perkins

Chief Executive Officer
James Whalen

James Whalen

Executive Chairman
Paul Chung

Paul Chung

Executive Vice President, General Counsel and Secretary
Matthew Meloy

Matthew Meloy

Executive Vice President and Chief Financial Officer

Targa Resources Office Locations

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

Targa Resources Data and Metrics

Targa Resources Financial Metrics

Targa Resources's revenue was reported to be $6.7 b in FY, 2016 which is a 0% increase from the previous period.
USD

Revenue (FY, 2016)

6.7 b

Revenue growth (FY, 2015 - FY, 2016), %

0%

Net income (FY, 2016)

(159.1 m)

EBIT (FY, 2016)

55.8 m

Market capitalization (15-Aug-2017)

8.8 b

Cash (31-Dec-2016)

73.5 m

EV

13.4 b
Targa Resources's current market capitalization is $8.8 b.
USDFY, 2010FY, 2011FY, 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%

Pre tax profit

249.5 m491 m(111.8 m)(259.7 m)

Net Income

201.3 m423 m(151.4 m)(159.1 m)
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

PP&E

4.3 b4.8 b9.7 b9.7 b

Goodwill

653.4 m591.9 m417 m210 m

Total Assets

6 b6.5 b13.3 b12.9 b

Accounts Payable

761.8 m638.5 m650.4 m843.5 m

Total Debt

3 b2.9 b5.8 b4.6 b

Current Liabilities

770.4 m827.1 m881.6 m1.2 b

Common Stock

100 k200 k

Additional Paid-in Capital

151.6 m164.9 m1.5 b5.5 b

Retained Earnings

20.5 m25.5 m26.9 m(187.3 m)

Total Equity

2.1 b2.5 b6.3 b5.7 b

Debt to Equity Ratio

1.4 x1.1 x0.9 x0.8 x

Debt to Assets Ratio

0.5 x0.4 x0.4 x0.4 x

Financial Leverage

2.9 x2.5 x2.1 x2.2 x
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

Purchases of PP&E

(762.2 m)(817.2 m)(562.1 m)

Cash From Investing Activities

(1 b)(751.4 m)(2.4 b)(558.6 m)

Short-term Borrowings

(63 m)(74 m)(284.3 m)(1.9 b)

Long-term Borrowings

(2 b)(2.3 b)(1.9 b)(2.6 b)

Dividends Paid

(87.8 m)(113 m)(179 m)(565.9 m)

Cash From Financing Activities

634 m3.9 m1.4 b(345.5 m)
USDY, 2016

EV/EBIT

239.8 x

EV/CFO

16 x

Revenue/Employee

3.6 m

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x

Targa Resources Market Value History

Traffic Overview of Targa Resources

Targa Resources Company Life and Culture

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