Targa Resources Revenue, Profits - TRGP Annual Income Statement

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$47.66 $0.26 (0.55%) TRGP stock closing price Jun 19, 2018 (Closing)

TRGP stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Targa Resources stock price. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the TRGP income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 31.74% when compared to the same period in the past. One also needs to look at Targa Resources assets, operating expenses and Targa Resources free cash flow. The Targa Resources profit and loss statement shows revenue of $8.81B for 2017. Revenue has grown by 31.74% YOY for TRGP stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Targa Resources Revenues or Net Sales
8.81B6.69B6.66B8.62B6.56B5.89B6.99B5.47B4.54B8B
Cost Of Goods Sold (COGS)7.53B5.48B5.38B7.48B5.75B5.19B6.33B4.95B4.03B7.49B
Targa Resources Gross Profit
1.29B1.21B1.28B1.14B801.2M693.6M668.4M521.3M509.89M505.19M
Research & Development Expense----------
Selling General & Admin Expense598.8M400.8M444.6M145M161.1M159.7M136.3M139.7M122.4M109.8M
Income Before Depreciation Depletion Amortization687.1M813.5M836.4M991.5M640.1M533.9M532.1M381.6M387.49M395.39M
Depreciation Depletion Amortization809.5M757.7M677.1M351M271.9M197.6M181M185.5M170.3M160.9M
Non Operating Income63.2M-61.3M-39.2M-2.4M15.4M-19.3M2.6M-14.7M60.4M
Interest Expense233.7M254.2M231.9M147.1M134.1M120.8M111.7M110.9M132.1M141.2M
Targa Resources Pretax Income
-292.9M-259.7M-111.8M491M249.5M196.2M242M85.8M99.8M153.7M
Provision for Income Taxes-397.1M-100.6M39.6M68M48.2M36.9M26.6M22.5M20.7M19.3M
MinorityInterest50.2M28.2M-209.7M320.7M136.2M121.2M184.7M78.3M49.8M97.1M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations104.2M-159.1M-151.4M423M201.3M159.3M215.4M63.3M79.1M134.4M
Extraordinary Items & Discontinued Operations----------
Targa Resources Profit/ Loss (Net Income)
54M-187.3M58.3M102.3M65.1M38.1M30.7M-15M29.3M37.3M
Average Shares used to compute Diluted EPS206.9M154.4M53.5M42.1M42.1M41.8M41.4M3.8M--
Average Shares used to compute Basic EPS206.9M154.4M53.5M42M41.6M41M41M3.8M--
Income Before Nonrecurring Items30.2M19.7M58.3M102.3M65.1M46.42M35.7M---
Income from Nonrecurring Items23.8M-207M----8.32M-5M---
Targa Resources Earnings Per Share Basic Net
-0.31-1.801.092.441.560.930.750.00--
Targa Resources Earnings Per Share Diluted Net
-0.31-1.801.092.431.550.910.740.00--
EPS Diluted Before Nonrecurring Items-0.43-0.461.092.431.551.110.860.00--
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common3.643.643.392.682.061.520.930.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Targa Resources stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Targa Resources revenue chart, as is the case with Targa Resources indicates a growing business. One needs to compare the YoY topline or sales growth of TRGP stock with its peers like WGP stock and PSXP 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 $54M for TRGP stock. An improving bottomline implies that the company is growing its profits.

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

Targa Resources Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
190.64
PS Ratio (price sales ratio)
1.14
Operating Margin
3.5
Net Profit Margin
0.9
Dividend Yield
7.64%