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

TRGP POWR Grades

• TRGP scores best on the Momentum dimension, with a Momentum rank ahead of 98.22% of US stocks.
• TRGP's strongest trending metric is Quality; it's been moving down over the last 177 days.
• TRGP ranks lowest in Value; there it ranks in the 6th percentile.

TRGP Stock Summary

• The capital turnover (annual revenue relative to shareholder's equity) for TRGP is 9.15 -- better than 96.33% of US stocks.
• TRGP's current price/earnings ratio is 69.51, which is higher than 91.6% of US stocks with positive earnings.
• Of note is the ratio of TARGA RESOURCES CORP's sales and general administrative expense to its total operating expenses; just 6.51% of US stocks have a lower such ratio.
• Stocks that are quantitatively similar to TRGP, based on their financial statements, market capitalization, and price volatility, are ENLC, UDR, CUBE, AMH, and PEAK.
• TRGP's SEC filings can be seen here. And to visit TARGA RESOURCES CORP's official web site, go to www.targaresources.com.

TRGP Valuation Summary

• TRGP's price/earnings ratio is 70.1; this is 645.74% higher than that of the median Energy stock.
• TRGP's EV/EBIT ratio has moved up 13.1 over the prior 147 months.

Below are key valuation metrics over time for TRGP.

TRGP Growth Metrics

Its 3 year net income to common stockholders growth rate is now at 29.91%.
• Its year over year net cashflow from operations growth rate is now at 20.27%.
• Its 2 year net cashflow from operations growth rate is now at 54.5%.

TRGP's revenue has moved up $14,455,600,000 over the prior 67 months.

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
2022-09-30	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
2021-06-30	11,736.5	2,309.2	195.1

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.