Earnings Summary

Targa Resources Corp.’s revenue jumped 1.7% since last year same period to $4597.5Mn in the Q1 2024. On a quarterly growth basis, Targa Resources Corp. has generated 8.64% jump in its revenue since last 3-months.

Targa Resources Corp.’s net profit fell -44.63% since last year same period to $275.2Mn in the Q1 2024. On a quarterly growth basis, Targa Resources Corp. has generated -8.14% fall in its net profits since last 3-months.

Targa Resources Corp.’s net profit margin fell -45.56% since last year same period to 5.99% in the Q1 2024. On a quarterly growth basis, Targa Resources Corp. has generated -15.45% fall in its net profit margins since last 3-months.

Targa Resources Corp.’s price-to-earnings ratio after this Q1 2024 earnings stands at 28.03.

Targa Resources Corp.’s earning per share (EPS) estimates for the current quarter stand at 1.25 - a -3.85% fall from last quarter’s estimates.

Targa Resources Corp.’s earning per share (EPS) estimates for the current year stand at 1.25.

Targa Resources Corp.’s earning per share (EPS) jumped 3966.67% since last year same period to 1.22 in the Q1 2024. This indicates that the Targa Resources Corp. has generated 3966.67% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Targa Resources Corp.’s return on assets (ROA) stands at 0.08.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Targa Resources Corp.’s return on equity (ROE) stands at 0.3.

Targa Resources Corp. declared 0.5 dividend per share during the earnings announcement for Q1 2024.