Earnings Summary

Targa Resources Corp.’s revenue fell -8.84% since last year same period to $4520.5Mn in the Q1 2023. On a quarterly growth basis, Targa Resources Corp. has generated -0.75% fall in its revenue since last 3-months.

Targa Resources Corp.’s net profit jumped 1221.59% since last year same period to $1163Mn in the Q1 2023. On a quarterly growth basis, Targa Resources Corp. has generated 5925.91% jump in its net profits since last 3-months.

Targa Resources Corp.’s net profit margin jumped 1349.82% since last year same period to 25.73% in the Q1 2023. On a quarterly growth basis, Targa Resources Corp. has generated 5971.63% jump in its net profit margins since last 3-months.

Targa Resources Corp.’s price-to-earnings ratio after this Q1 2023 earnings stands at 17.97.

Targa Resources Corp.’s earning per share (EPS) estimates for the current quarter stand at 1.36 - a 13.33% jump from last quarter’s estimates.

Targa Resources Corp.’s earning per share (EPS) estimates for the current year stand at 1.36.

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 0.42.

Targa Resources Corp. declared 0.35 dividend per share during the earnings announcement for Q1 2023.