-3.75%
10.25%
17.87%
45.48%
131.64%
233.11%
439.18%
AI Spotlight on TRGP
Company Description
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.It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.
The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users.In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas.The company operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 76 million barrels.
As of December 31, 2021, it leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges.The company was incorporated in 2005 and is headquartered in Houston, Texas.
Market Data
| Last Price | 196.8 |
| Change Percentage | -3.75% |
| Open | 205.69 |
| Previous Close | 204.46 |
| Market Cap ( Millions) | 42915 |
| Volume | 1350924 |
| Year High | 218.51 |
| Year Low | 84.33 |
| M A 50 | 193.96 |
| M A 200 | 152.2 |
Financial Ratios
| FCF Yield | 0.75% |
| Dividend Yield | 1.52% |
| ROE | 48.10% |
| Debt / Equity | 556.96% |
| Net Debt / EBIDTA | 353.14% |
| Price To Book | 16.74 |
| Price Earnings Ratio | 34.19 |
| Price To FCF | 133.86 |
| Price To sales | 2.63 |
| EV / EBITDA | 14.2 |
News
- Jan -27 - Never seen better opportunities in the energy transition, infrastructure: Neuberger Berman's Rachlin
- Jan -17 - Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast
- Dec -30 - Is Targa Resources Stock Still a Buy After Doubling in 2024?
- Dec -29 - This Energy Stock Rocketed More Than 100% in 2024. Does It Have the Fuel to Continue Rallying in 2025?
- Dec -25 - All You Need to Know About Targa Resources (TRGP) Rating Upgrade to Buy
- Dec -12 - Here's Why Targa Resources (TRGP) Is a Great 'Buy the Bottom' Stock Now
- Dec -05 - Targa Resources (TRGP) Up 5.1% Since Last Earnings Report: Can It Continue?
- Dec -03 - 3 S&P 500 Stocks With Sky High Risk-Adjusted Returns
- Dec -02 - Time to Take a Look at 3 Refining & Marketing MLP Stocks
- Nov -21 - 3 No-Brainer Energy Stocks to Buy With $1,000 Right Now
- Nov -13 - Targa Resources: The Price Is Not Always Right (Rating Downgrade)
- Nov -12 - Targa Resources Q3 Earnings Beat on Permian Volume Strength
- Nov -11 - Targa Resources Corp. to Participate in BofA Securities Global Energy Conference
- Nov -11 - Targa Resources (TRGP) Upgraded to Buy: What Does It Mean for the Stock?
- Nov -11 - Targa Resources: Assuming The Past Never Happens Again
- Nov -09 - Four Midstream Energy CEFs Now Offer Strong Total Return Potential
- Nov -08 - The Top 5 Performing S&P 500 Stocks YTD in 2024
- Nov -05 - Targa Resources Corp (TRGP) Q3 2024 Earnings Call Transcript
- Nov -05 - Targa Resources Corp. Reports Record Third Quarter 2024 Results and Announces Expectations for a 33% Year-Over-Year Increase to its 2025 Common Dividend
- Oct -24 - Very Good News For Big Dividend Infrastructure Stocks
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Logistics and Transportation
Expected Growth : 6.17 %
What the company do ?
Targa Resources Corp.'s Logistics and Transportation segment provides midstream services, including gathering, compressing, treating, processing, and transporting natural gas and natural gas liquids.
Why we expect these perspectives ?
Targa Resources Corp.'s Logistics and Transportation segment growth of 6.17% is driven by increasing demand for natural gas and natural gas liquids (NGLs) transportation, expansion of existing pipeline infrastructure, and strategic acquisitions. Additionally, growing production from shale plays and increasing exports of NGLs to international markets contribute to the segment's growth.
Segment n°2 -> Gathering and Processing
Expected Growth : 6.4 %
What the company do ?
Gathering and Processing from Targa Resources Corp. involves collecting and processing natural gas and natural gas liquids from wells to prepare them for transportation and sale.
Why we expect these perspectives ?
Targa Resources Corp.'s Gathering and Processing segment growth of 6.4% is driven by increased natural gas production in the Permian Basin, expansion of processing capacity, and higher demand for midstream services. Additionally, strategic acquisitions and organic growth projects have contributed to the segment's growth.
Segment n°3 -> Other
Expected Growth : 6.4 %
What the company do ?
Other from Targa Resources Corp. refers to the remaining business segments, including Gathering and Processing, and Logistics and Marketing, which provide midstream services.
Why we expect these perspectives ?
Targa Resources Corp.'s 6.4% growth in 'Other' segment is driven by increased demand for natural gas processing and transportation services, expansion of Permian Basin operations, and strategic acquisitions. Additionally, improved operational efficiencies, cost savings initiatives, and favorable market conditions contribute to the growth.
Targa Resources Corp. Products
| Product Range | What is it ? |
|---|---|
| Natural Gas Gathering and Processing | Targa Resources Corp. provides natural gas gathering and processing services, which involves collecting and processing natural gas from wells and transporting it to market. |
| Natural Gas Liquids (NGLs) Logistics and Marketing | Targa Resources Corp. provides logistics and marketing services for NGLs, including transportation, storage, and marketing of NGLs. |
| Crude Oil Gathering and Logistics | Targa Resources Corp. provides crude oil gathering and logistics services, which involves collecting and transporting crude oil from wells to refineries. |
| Petroleum Logistics and Marketing | Targa Resources Corp. provides logistics and marketing services for petroleum products, including transportation, storage, and marketing of refined petroleum products. |
Targa Resources Corp.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Targa Resources Corp. is medium due to the availability of alternative energy sources, such as renewable energy and other fossil fuels.
Bargaining Power Of Customers
The bargaining power of customers for Targa Resources Corp. is low due to the company's diversified customer base and lack of dependence on a single customer.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Targa Resources Corp. is medium due to the company's dependence on a few key suppliers for raw materials and equipment.
Threat Of New Entrants
The threat of new entrants for Targa Resources Corp. is low due to the high barriers to entry in the energy industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry for Targa Resources Corp. is high due to the competitive nature of the energy industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 82.27% |
| Debt Cost | 6.89% |
| Equity Weight | 17.73% |
| Equity Cost | 14.81% |
| WACC | 8.30% |
| Leverage | 463.91% |
Targa Resources Corp. : Quality Control
Targa Resources Corp. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ET | Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural … |
| EPD | Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four … |
| KMI | Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines … |
| OKE | ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas … |
| LNG | Cheniere Energy, Inc., an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Energy Transfer
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1-Year Total Return ->
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Enterprise Products Partners
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1-Year Total Return ->
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Kinder Morgan
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4
ONEOK
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1-Year Total Return ->
5
Cheniere Energy
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1-Year Total Return ->
6
