Targa Resources Partners Revenue, Profits - NGLS Quarterly Income Statement

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$10.65 $0.63 (6.29%) NGLS stock closing price Feb 16, 2016 (Closing)

Looking at financial statements, along with the Targa Resources Partners stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the NGLS income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a QoQ revenue decline of -9.15% when compared to the same period in the past. The operating expenses as shown in the Targa Resources Partners profit and loss statement for 2018 Q1 total to $251M. This line item shows that the operating expenses has decreased compared with last year. Also check: Targa Resources Partners assets and Targa Resources Partners free cash flow.

View and download details of revenue and profits for Targa Resources Partners for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Targa Resources Partners Revenues or Net Sales
2.46B2.7B2.13B1.87B2.11B2.01B1.65B1.58B1.44B1.65B
Cost Of Goods Sold (COGS)2.11B2.33B1.82B1.58B1.81B1.68B1.37B1.28B1.14B1.32B
Targa Resources Partners Gross Profit
341.4M374.41M313.2M291.89M306.5M328.9M286.6M299.5M299.4M329.3M
Research & Development Expense----------
Selling General & Admin Expense52.9M429.2M47.2M47.8M61.7M45.4M48.9M45M44.4M48.4M
Income Before Depreciation Depletion Amortization288.5M-54.79M266M244.09M244.8M283.5M237.7M254.5M255M280.9M
Depreciation Depletion Amortization198.1M-171.3M586.3M203.4M191.1M377.1M184M186.1M217.5M485.2M
Non Operating Income-54.6M-26.4M127.2M-10.5M-21.1M-72.6M-0.9M-7.8M19.8M-7.3M
Interest Expense-20.2M48.4M51.9M58.9M58.6M62.3M57.9M66.4M46.9M30.6M
Targa Resources Partners Pretax Income
56M41.7M-245M-28.7M-26M-228.5M-5.1M-5.8M10.4M-242.2M
Provision for Income Taxes--3.2M---4.7M-0.2M1M-0.9M-0.2M-
MinorityInterest13.2M13M9.7M10.2M6M7.2M4.7M5.8M3M-49.1M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations56M44.9M-245M-29.2M-21.3M-228.3M-6.1M-4.9M10.6M-242.4M
Extraordinary Items & Discontinued Operations----------
Targa Resources Partners Profit/ Loss (Net Income)
42.8M31.9M-254.7M-39.4M-27.3M-235.5M-10.8M-10.7M7.6M-193.3M
Average Shares used to compute Diluted EPS----------
Average Shares used to compute Basic EPS----------
Income Before Nonrecurring Items----------
Income from Nonrecurring Items----------
Targa Resources Partners Earnings Per Share Basic Net
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Targa Resources Partners Earnings Per Share Diluted Net
----------
EPS Diluted Before Nonrecurring Items----------
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.830.83
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Targa Resources Partners stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the Targa Resources Partners revenue chart, as isn't the case with Targa Resources Partners indicates a sagging business. One needs to compare the QoQ topline or sales growth of NGLS stock with its peers like APL stock and BPMP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $42.8M for NGLS stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The NGLS financials along with Targa Resources Partners historical stock prices provide a lot of details about the firm.