Targa Resources Revenue, Profits - TRGP Quarterly Income Statement

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$46.22 $0.27 (0.58%) TRGP stock closing price Mar 23, 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 increase to $2.13B for 2017 Q3 impacts the TRGP stock. Investors typically check year over year or quarter over quarter revenue growth. The Targa Resources profit and loss statement for 2017 Q3 shows a net profit of $-167.6M. Profits for last year was $57.6M. 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.
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Fiscal year is Jan - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Targa Resources Revenues or Net Sales
Cost Of Goods Sold (COGS)1.82B1.58B1.81B1.68B1.37B1.28B1.14B1.32B1.31B
Targa Resources Gross Profit
Research & Development Expense---------
Selling General & Admin Expense428.5M51.3M64.9M232.4M51M47.1M70.3M307.3M45M
Income Before Depreciation Depletion Amortization-115.29M240.6M241.6M96.5M235.6M252.4M229M22.12M281.09M
Depreciation Depletion Amortization208.3M203.4M191.1M194.1M184M186.1M193.5M227.8M165.8M
Non Operating Income127.2M-10.5M-26.9M-72.5M-0.8M-7.8M19.8M-3M-0.1M
Interest Expense56.1M62.1M63M67.2M62.7M71.4M52.9M36.3M70.4M
Targa Resources Pretax Income
Provision for Income Taxes-97.4M-106M71.1M-96.7M-8.7M1.7M3.1M-14.4M24M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations-167.6M57.6M-119.3M-150.7M-10.7M-23.2M-2.7M26.9M12.7M
Extraordinary Items & Discontinued Operations---------
Targa Resources Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS215.6M205M191.8M160.27M168M161.6M106.6M56M56.1M
Average Shares used to compute Basic EPS215.6M203.7M191.8M160.27M168M161.6M106.6M56M56M
Income Before Nonrecurring Items-4.32M57.6M-119.3M33M-10.7M-23.2M21.3M26.9M12.7M
Income from Nonrecurring Items-163.28M---183.7M---24M--
Targa Resources Earnings Per Share Basic Net
Targa Resources Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items-0.150.14-0.770.03-0.23-0.330.170.480.23
Preferred Dividends Acc Pd28.6M--------
Dividends Common196.20--------
Dividend Per Share Common0.910.910.910.910.910.910.910.910.88
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 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 $2.13B for 2017 Q3 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

PS Ratio (price sales ratio)
Operating Margin
Net Profit Margin
Dividend Yield