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)+6%
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 offices in Houston, Tulsa, Venice, Midland and in 6 other locations
Houston, US (HQ)
4300 Wells Fargo Plaza 1000 Louisiana St

Targa Resources Metrics

Targa Resources Financial Metrics

Revenue (2016)

$6.7 b

Revenue growth (2015-16), %

0%

Net income (2016)

($159.1 m)

Market capitalization (28-Apr-2017)

$10.7 b

Closing share price (28-Apr-2017)

$56.2

Cash (31-Dec-2016)

$73.5 m
Targa Resources's current market capitalization is $10.7 b.
Targa Resources's revenue was reported to be $6.7 b in FY, 2016 which is a 0% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$6.6 b$8.6 b$6.7 b$6.7 b

Revenue growth, %

31%(23%)0%

EBIT

$368.2 m$640.5 m$159.3 m$55.8 m

EBIT margin, %

6%7%2%1%

Pre tax profit

$249.5 m$491 m($111.8 m)($259.7 m)

Net Income

$201.3 m$423 m($151.4 m)($159.1 m)
Y, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$252.4 m$188.4 m$145.8 m$76.3 m$66.7 m$81 m$140.2 m$73.5 m

Accounts Receivable

$658.8 m$567.3 m$515.8 m$674.6 m

Inventories

$150.7 m$168.9 m$141 m$137.7 m

Current Assets

$897.2 m$882.6 m$920 m$1 b

PP&E

$4.3 b$4.8 b$9.7 b$9.7 b

Goodwill

$653.4 m$591.9 m$417 m$210 m

Total Assets

$6 b$6.5 b$13.3 b$12.9 b

Accounts Payable

$761.8 m$638.5 m$650.4 m$843.5 m

Total Debt

$3 b$2.9 b$5.8 b$4.6 b

Current Liabilities

$770.4 m$827.1 m$881.6 m$1.2 b

Common Stock

$100 k$200 k

Preferred Stock

Additional Paid-in Capital

$151.6 m$164.9 m$1.5 b$5.5 b

Retained Earnings

$20.5 m$25.5 m$26.9 m($187.3 m)

Total Equity

$2.1 b$2.5 b$6.3 b$5.7 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$201.3 m$423 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 m$761.8 m$1 b$837.4 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 m$3.9 m$1.4 b($345.5 m)

Targa Resources Market Value History

Targa Resources Company Life

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