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Targa Resources Corp.

TRGP Stock Analysis

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Dividend Score

Dividend Score ranks stocks based on metrics important to dividend investors, helping you identify companies with a history of consistent dividends and the financial strength

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Dividend Stability

TRGP has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.

Dividend Growth

TRGP's dividend payments have shown very poor growth, shrinking by -3.794% over the last 5 years.

Earnings Growth

TRGP's earnings have grown by 82.575% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.

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About Targa Resources Corp.

Oil & Gas Midstream
Energy

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation...

Targa Resources Corp. Key Metrics

Market Cap
$36B
52 Weeks Low
$81.03
52 Weeks High
$169.92
Dividend Yield
1.82%
P/E
33.41x
P/S
2.22x

Upcoming Events

  • Dividend Payment

Targa Resources Corp. Dividends

Dividend Yield
1.82%
Payout Ratio
72.18%
Dividend Amount Per Share
$2.50
Last Ex-Dividend Date
Oct 31, 2024

TRGP Dividend Safety

TRGP paid out 72.18% of its $836M earnings as dividends over the last 12 months.

Somewhat Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

TRGP's Dividend Payout Ratio of 72.18% is approaching unsustainable levels for the Energy sector, raising concerns about reinvestment and future growth.

Interest Rate Coverage

TRGP's Interest Coverage Ratio of 7.971 indicates strong financial health with easy coverage of interest expenses.

Income Quality

TRGP shows excellent income quality with a ratio of 3.878. This indicates high-quality earnings and low risk of dividend cuts.

TRGP Dividend Growth

Targa Resources Corp.(TRGP) offers a dividend yield of 1.82% and pays $2.50 in dividends per share. Explore the historical dividend growth of TRGP.

Dividend Stability

TRGP has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.

Dividend Growth

TRGP's dividend payments have shown very poor growth, shrinking by -3.794% over the last 5 years.

Earnings Growth

TRGP's earnings have grown by 82.575% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.

TRGP Analyst Forecasts



TRGP Financials

TRGP Income Statement Key Metrics

  • Revenue(TTM)16.34 B
  • Gross Profit(TTM)3.14 B
  • EBITDA(TTM)3.86 B
  • Net Income(TTM)1.09 B
  • EPS Diluted(TTM)4.77

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TRGP earnings and revenue history

Gross Profit Margin vs Peers

Profit margin ratio of TRGP (0.162) is lower than the average of its peers (0.373).

Net Profit Margin vs Peers

Net profit margin ratio of TRGP (0.054) is lower than the average of its peers (0.166).

TRGP Return on Equity

See how efficiently TRGP generates profit for it's shareholders.

30.51%

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  1. Poor

  2. Average

  3. Strong

Return on Equity vs Peers

Return on Equity ratio of TRGP (0.305) is higher than the average of its peers (0.225).

Return on Equity Growth

TRGP's Return on Equity has shown poor growth over the past 10 years, increasing by only -6.58%.

TRGP Revenue Growth

See how TRGP has grown it's revenue over the past 10 years.


Revenue Growth

TRGP's revenue has shown poor growth over the past 10 years, increasing by only 6.13%.