targa resources is a growth-oriented provider of midstream services and is one of the largest independent midstream energy companies in north america. we own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. targa offers a dynamic work environment where you can learn, develop and grow. we encourage employee input and active involvement towards our continuous performance improvement in all areas of our business.with people as our priority, we are committed to safety and to providing the support required to help employees achieve their goals.
Company profile
Ticker
TRGP
Exchange
Website
CEO
Matthew Meloy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Targa Resources Investments Inc.
SEC CIK
Corporate docs
Subsidiaries
Cedar Bayou Fractionators, L.P. • Centrahoma Processing LLC • Grand Prix Pipeline LLC • Targa Badlands LLC • Targa Delaware LLC • Targa Downstream LLC • Targa Gas Marketing LLC • Targa GP Inc. • Targa Liquids Marketing and Trade LLC • Targa LP Inc. ...
TRGP stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
21 Mar 24
DEFA14A
Additional proxy soliciting materials
21 Mar 24
DEF 14A
Definitive proxy
21 Mar 24
8-K
Departure of Directors or Certain Officers
14 Mar 24
8-K
Departure of Directors or Certain Officers
28 Feb 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 and Positioning in 2025
15 Feb 24
8-K
Amendments to Articles of Incorporation or Bylaws
12 Dec 23
8-K
Entry into a Material Definitive Agreement
9 Nov 23
424B5
Prospectus supplement for primary offering
8 Nov 23
Transcripts
TRGP
Earnings call transcript
2023 Q4
15 Feb 24
TRGP
Earnings call transcript
2023 Q3
2 Nov 23
TRGP
Earnings call transcript
2023 Q2
3 Aug 23
TRGP
Earnings call transcript
2023 Q1
4 May 23
TRGP
Earnings call transcript
2022 Q4
22 Feb 23
TRGP
Earnings call transcript
2022 Q3
3 Nov 22
TRGP
Earnings call transcript
2022 Q2
4 Aug 22
TRGP
Earnings call transcript
2022 Q1
5 May 22
TRGP
Earnings call transcript
2021 Q4
25 Feb 22
TRGP
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
4
R Keith Teague
20 Mar 24
4
Caron A Lawhorn
20 Mar 24
3
Caron A Lawhorn
15 Mar 24
3
R Keith Teague
6 Mar 24
4
Julie H. Boushka
6 Mar 24
4
Julie H. Boushka
5 Mar 24
144
Notice of proposed sale of securities
5 Mar 24
4
D. Scott Pryor
28 Feb 24
4
Lindsey Cooksen
26 Feb 24
144
Notice of proposed sale of securities
26 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 139.50 mm | 139.50 mm | 139.50 mm | 139.50 mm | 139.50 mm | 139.50 mm |
Cash burn (monthly) | 9.97 mm | 4.45 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 67.67 mm | 30.22 mm | n/a | n/a | n/a | n/a |
Cash remaining | 71.83 mm | 109.28 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 7.2 | 24.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
64.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 500 |
Opened positions | 62 |
Closed positions | 175 |
Increased positions | 188 |
Reduced positions | 156 |
13F shares | Current |
---|---|
Total value | 11.85 tn |
Total shares | 144.47 mm |
Total puts | 426.20 k |
Total calls | 146.30 k |
Total put/call ratio | 2.9 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 26.81 mm | $2.33 tn |
STT State Street | 14.51 mm | $1.26 tn |
BX Blackstone | 9.44 mm | $820.29 bn |
Wellington Management | 7.56 mm | $656.43 bn |
Tortoise Capital Advisors, L.L.C. | 6.79 mm | $590.19 bn |
IVZ Invesco | 6.75 mm | $585.97 bn |
MS Morgan Stanley | 3.73 mm | $323.75 bn |
GS Goldman Sachs | 3.66 mm | $317.82 bn |
FMR | 2.87 mm | $249.46 bn |
Jennison Associates | 2.49 mm | $215.92 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Mar 24 | R Keith Teague | Common Stock | Grant | Acquire A | No | No | 0 | 1,947 | 0.00 | 6,947 |
18 Mar 24 | Lawhorn Caron A | Common Stock | Grant | Acquire A | No | No | 0 | 1,623 | 0.00 | 1,623 |
5 Mar 24 | Julie H. Boushka | Common Stock | Sell | Dispose S | No | Yes | 100.96 | 10,000 | 1.01 mm | 59,919 |
1 Mar 24 | Julie H. Boushka | Common Stock | Payment of exercise | Dispose F | No | No | 99.34 | 1,889 | 187.65 k | 69,919 |
News
Stifel Maintains Buy on Targa Resources, Raises Price Target to $130
16 Apr 24
Scotiabank Maintains Sector Outperform on Targa Resources, Raises Price Target to $128
15 Apr 24
Oil Prices Spike Above $90 A Barrel As Iran-Israel Tensions Escalate: US Energy Stocks Eye 9th Week Of Gains
12 Apr 24
Targa Resources Declares Increase To Its Quarterly Cash Dividend From $0.50 To $0.75 Per Share, Consistent With Previously Disclosed Expectations
11 Apr 24
Here's How Much You Would Have Made Owning Targa Resources Stock In The Last 5 Years
11 Apr 24
Press releases
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast
11 Apr 24
Targa Resources Corp. to Participate in J.P. Morgan Midwest Utilities & Midstream 1x1 Forum
26 Mar 24
Targa Resources Corp. to Participate in Morgan Stanley Energy & Power Conference
1 Mar 24
Targa Resources Corp. to Participate in THRIVE Energy Conference by Daniel Energy Partners
21 Feb 24
Targa Resources Corp. Announces Form 10-K Available
15 Feb 24