Targa Resources Corp.
TRGPEnergyNASDAQOil & Gas Midstream
Scan Results
Daily timeframeTarga Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. The $60.72B market capitalization puts TRGP squarely in large-cap range for its industry. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
Market Cap
$60.72B
Beta
0.70
P/E (TTM)
28.66
P/E (Fwd)
23.71
EPS (TTM)
$9.87
EPS (Fwd)
$11.93
ROE
74.1%
ROA
9.1%
Cash
$100.1M
Total Debt
$19.13B
Free CF
-$318.6M
52W Change
65.3%
Annual Financials
Cash vs Debt
Targa Resources Corp. carries $19.13B in total debt against $100.1M in cash reserves — debt is roughly 191.1x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$318.6M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 74.1% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 9.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has been uneven over recent years, ranging from $20.93B to $17.03B.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Targa Resources Corp. and its sector.