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COMPANY BENCHMARKING • UNITED STATES

Targa Resources Corp. - Company Profile

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Targa Resources Corp. - Overview

Brands
Targa
Description
Targa Resources is a public company headquartered in Texas with an estimated 2,372 employees. In the US, the company has a notable market share in at least one industry: Natural Gas Liquid Processing, where they account for an estimated 5.3% of total industry revenue.
Company Details

Registered Name: Targa Resources Corp.

Company Type: Operating

Exchange: NYSE

Headquarters: Targa Resources Partners Lp 1000 Louisiana Street, Suite 4300 Houston TX 77002

Employees: 2372

Targa Resources Corp. - Operating Industries and Main Competitors

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Targa Resources Corp. - Products and Services

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Targa Resources Corp. - Analyst Insights

Targa Seeks to Expand Permian Midlands to Support Increased Activity

In its March 2022 investor presentation, Targa stated that it would be constructing two additional plants in the Permian Midlands, which are located between West Texas and New Mexico. Together, the plants are expected to increase Targa’s natural gas processing capacity by 550 MMcf/d. Additionally, the plants will be electric-driven, improving operational performance. Targa states that this expansion is due to its increased activity and production outlooks. Legacy Plants I and II are expected to be completed by 2022 and 2023, respectively.

Balance Sheet|New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Targa Resources Corp. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Targa Resources Corp.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Natural Gas Liquid Processing in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Targa Resources Corp. - Financial Statements & Ratios

pie_chartTarga Resources Corp. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue16,060.320,929.816,949.88,260.38,671.110,484.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartTarga Resources Corp. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents141.7219.0158.5242.8331.1232.1
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartTarga Resources Corp. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income1,579.31,531.4422.1-1,325.041.260.4
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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