Targa Resources Revenue, Profits - TRGP Quarterly Income Statement

Add to My Stocks
$47.4 $0.86 (1.85%) TRGP stock closing price Jun 18, 2018 (Closing)

Looking at financial statements, along with the Targa Resources stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The key financial statements of a company are the income statement, the balance sheet and the cash flow 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 TRGP stock. Investors typically check year over year or quarter over quarter revenue growth. The Targa Resources profit and loss statement for 2018 Q1 shows a net profit of $22.9M. Profits for last year was $253.5M. Apart from this an investor should also check Targa Resources assets and Targa Resources free cash flow.

View and download details of revenue and profits for Targa Resources for latest & last 40 quarters.
show more
Quarterly
Annual
View Previous Quarters
View Next Quarters
Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Targa Resources 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 Gross Profit
341.4M374.3M313.2M291.9M306.5M328.9M286.6M299.5M299.3M329.42M
Research & Development Expense----------
Selling General & Admin Expense57M54.1M428.5M51.3M64.9M232.4M51M47.1M70.3M307.3M
Income Before Depreciation Depletion Amortization284.4M320.19M-115.29M240.6M241.6M96.5M235.6M252.4M229M22.12M
Depreciation Depletion Amortization198.1M206.7M208.3M203.4M191.1M194.1M184M186.1M193.5M227.8M
Non Operating Income-54.6M-26.6M127.2M-10.5M-26.9M-72.5M-0.8M-7.8M19.8M-3M
Interest Expense-16.1M52.5M56.1M62.1M63M67.2M62.7M71.4M52.9M36.3M
Targa Resources Pretax Income
47.8M34.4M-252.5M-35.4M-39.4M-237.3M-11.9M-12.9M2.4M-245M
Provision for Income Taxes8.9M-264.8M-97.4M-106M71.1M-96.7M-8.7M1.7M3.1M-14.4M
MinorityInterest16M15.9M12.5M13M8.8M10.1M7.5M8.6M2M-257.8M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations22.9M253.5M-167.6M57.6M-119.3M-150.7M-10.7M-23.2M-2.7M26.9M
Extraordinary Items & Discontinued Operations----------
Targa Resources Profit/ Loss (Net Income)
22.9M253.5M-167.6M57.6M-119.3M-150.7M-10.7M-23.2M-2.7M26.9M
Average Shares used to compute Diluted EPS218.7M240.95M215.6M205M191.8M160.27M168M161.6M106.6M56M
Average Shares used to compute Basic EPS218.7M240.95M215.6M203.7M191.8M160.27M168M161.6M106.6M56M
Income Before Nonrecurring Items22.9M-16M-4.32M57.6M-119.3M33M-10.7M-23.2M21.3M26.9M
Income from Nonrecurring Items-269.5M-163.28M---183.7M---24M-
Targa Resources Earnings Per Share Basic Net
-0.031.05-0.910.14-0.77-1.12-0.23-0.33-0.060.48
Targa Resources Earnings Per Share Diluted Net
-0.031.05-0.910.14-0.77-1.12-0.23-0.33-0.060.48
EPS Diluted Before Nonrecurring Items-0.03-0.07-0.150.14-0.770.03-0.23-0.330.170.48
Preferred Dividends Acc Pd29.46M---------
Dividends Common199.14196.23--------
Dividend Per Share Common0.910.910.910.910.910.910.910.910.910.91
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Quarters
View Next Quarters

It is very helpful to read a report on Targa Resources stock analysis. An investor must check the following items in an income statement:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that TRGP stock has a topline or revenue of $2.46B for 2018 Q1 as per this Targa Resources revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. TRGP stock had a poor bottom line growth.

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)
186.16
PS Ratio (price sales ratio)
1.11
Operating Margin
3.5
Net Profit Margin
0.9
Dividend Yield
7.82%