Last $99.58 USD
Change Today +2.06 / 2.11%
Volume 1.0M
TRGP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

targa resources corp (TRGP) Snapshot

Open
$97.73
Previous Close
$97.52
Day High
$99.62
Day Low
$97.52
52 Week High
06/19/14 - $160.97
52 Week Low
01/14/15 - $82.09
Market Cap
4.2B
Average Volume 10 Days
896.7K
EPS TTM
$2.55
Shares Outstanding
42.1M
EX-Date
01/29/15
P/E TM
39.0x
Dividend
$3.10
Dividend Yield
2.86%
Current Stock Chart for TARGA RESOURCES CORP (TRGP)

targa resources corp (TRGP) Related Businessweek News

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targa resources corp (TRGP) Details

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 11,400 miles of natural gas pipelines, including 12 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2014, the company leased and managed approximately 716 railcars; 75 owned and leased transport tractors; and 22 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

1,350 Employees
Last Reported Date: 02/17/15
Founded in 2005

targa resources corp (TRGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.4M
President and Chief Operating Officer
Total Annual Compensation: $1.2M
Executive Chairman
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $672.1K
Compensation as of Fiscal Year 2013.

targa resources corp (TRGP) Key Developments

Targa Resources Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Targa Resources Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company has posted revenue of $2,032.9 million against $2,104.4 million a year ago. Income from operations was $163.1 million against $145.0 million a year ago. Income before income tax was $106.9 million against $113.5 million a year ago. Net income was $92.5 million against $95.6 million a year ago. Net income attributable to common shareholders was $25.6 million or $0.61 basic and diluted per share against $20.4 million or $0.48 basic and diluted per share a year ago. Adjusted EBITDA for the quarter was a record $258 million compared to $216 million for the same period last year. The increase was primarily driven by a 26% increase in operating margin from Logistics and Marketing division, resulting from increased LPG export and fractionation activities. Net maintenance capital expenditure was $21 million in the fourth quarter of 2014 compared to $18 million in 2013. For the year, the company has posted revenue of $8,616.5 million against $6,314.7 million a year ago. Income from operations was $640.5 million against $368.2 million a year ago. Income before income tax was $491.0 million against $249.5 million a year ago. Net income was $423.0 million against $201.3 million a year ago. Net income attributable to common shareholders was $102.3 million or $2.43 basic and diluted per share against $65.1 million or $1.55 basic and diluted per share a year ago. Adjusted EBITDA was $970 million, an increase of 53% over 2013. Full year 2014 maintenance CapEx was $71 million.

Targa Resources Corp., Q4 2014 Earnings Call, Feb 13, 2015

Targa Resources Corp., Q4 2014 Earnings Call, Feb 13, 2015

Targa Resources Corp. to Report Q4, 2014 Results on Feb 13, 2015

Targa Resources Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 13, 2015

 

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Industry Analysis

TRGP

Industry Average

Valuation TRGP Industry Range
Price/Earnings 41.0x
Price/Sales 0.5x
Price/Book 24.7x
Price/Cash Flow 9.3x
TEV/Sales NM Not Meaningful
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