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)

Financial analysis of Targa Resources Partners involves more than just checking the Targa Resources Partners stock price, by looking at the financial statements of the company in detail. 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. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue decrease to $2.46B for 2018 Q1 impacts the NGLS stock. Investors typically check year over year or quarter over quarter revenue growth. One also needs to look at Targa Resources Partners assets, operating expenses and Targa Resources Partners free cash flow. The Targa Resources Partners profit and loss statement shows revenue of $2.46B for 2018 Q1. Revenue has decreased by -9.15% QoQ for NGLS stock.

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 Q1
Targa Resources Partners Revenues or Net Sales
2.46B2.7B2.13B1.87B2.11B2.01B1.65B1.58B1.44B
Cost Of Goods Sold (COGS)2.11B2.33B1.82B1.58B1.81B1.68B1.37B1.28B1.14B
Targa Resources Partners Gross Profit
341.4M374.41M313.2M291.89M306.5M328.9M286.6M299.5M299.4M
Research & Development Expense---------
Selling General & Admin Expense52.9M429.2M47.2M47.8M61.7M45.4M48.9M45M44.4M
Income Before Depreciation Depletion Amortization288.5M-54.79M266M244.09M244.8M283.5M237.7M254.5M255M
Depreciation Depletion Amortization198.1M-171.3M586.3M203.4M191.1M377.1M184M186.1M217.5M
Non Operating Income-54.6M-26.4M127.2M-10.5M-21.1M-72.6M-0.9M-7.8M19.8M
Interest Expense-20.2M48.4M51.9M58.9M58.6M62.3M57.9M66.4M46.9M
Targa Resources Partners Pretax Income
56M41.7M-245M-28.7M-26M-228.5M-5.1M-5.8M10.4M
Provision for Income Taxes--3.2M---4.7M-0.2M1M-0.9M-0.2M
MinorityInterest13.2M13M9.7M10.2M6M7.2M4.7M5.8M3M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations56M44.9M-245M-29.2M-21.3M-228.3M-6.1M-4.9M10.6M
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
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
---------
Targa Resources Partners Earnings Per Share Diluted Net
---------
EPS Diluted Before Nonrecurring Items---------
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.83
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 TCP stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like Targa Resources Partners try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

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.