Targa Resources, Inc. (TRGP): Price and Financial Metrics

TRGP POWR Grades

• Momentum is the dimension where TRGP ranks best; there it ranks ahead of 87.77% of US stocks.
• The strongest trend for TRGP is in Value, which has been heading down over the past 177 days.
• TRGP ranks lowest in Value; there it ranks in the 4th percentile.

TRGP Stock Summary

• TRGP has a higher market value than 89.74% of US stocks; more precisely, its current market capitalization is $18,890,265,261.
• TARGA RESOURCES CORP's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than 93.83% of US listed stocks.
• Of note is the ratio of TARGA RESOURCES CORP's sales and general administrative expense to its total operating expenses; just 7.96% of US stocks have a lower such ratio.
• Stocks with similar financial metrics, market capitalization, and price volatility to TARGA RESOURCES CORP are WPC, WES, CUBE, PAA, and BRX.
• Visit TRGP's SEC page to see the company's official filings. To visit the company's web site, go to www.targaresources.com.

TRGP Valuation Summary

• In comparison to the median Energy stock, TRGP's price/sales ratio is 38.89% lower, now standing at 1.1.
• TRGP's price/earnings ratio has moved NA NA over the prior 155 months.

Below are key valuation metrics over time for TRGP.

TRGP Growth Metrics

Its 4 year cash and equivalents growth rate is now at 369%.
• Its 2 year cash and equivalents growth rate is now at -63.78%.
• Its 2 year revenue growth rate is now at 117.04%.

Over the past 34 months, TRGP's revenue has gone up $12,509,200,000.

The table below shows TRGP's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-12-31	20,929.8	2,380.8	896.8
2022-09-30	21,816.6	2,347.4	243.5
2022-06-30	20,916.2	2,383	210.8
2022-03-31	18,276.3	2,371.3	-127.5
2021-12-31	16,949.8	2,302.9	-16.1
2021-09-30	14,081.1	2,447.6	318.6

TRGP's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• TRGP has a Quality Grade of B, ranking ahead of 91.16% of graded US stocks.
• TRGP's asset turnover comes in at 0.745 -- ranking 5th of 105 Utilities stocks.
• ENBL, WTRG, and CLNE are the stocks whose asset turnover ratios are most correlated with TRGP.

The table below shows TRGP's key quality metrics over time.