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NYSE:TRGP

Targa Resources (TRGP) Earnings Date, Estimates & Call Transcripts

$84.35
-0.97 (-1.14%)
(As of 09/26/2023 ET)
Compare
Today's Range
$84.11
▼
$85.31
50-Day Range
$78.48
▼
$87.53
52-Week Range
$57.63
▼
$87.86
Volume
1.66 million shs
Average Volume
1.57 million shs
Market Capitalization
$18.87 billion
P/E Ratio
22.86
Dividend Yield
2.37%
Price Target
$102.80
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Earnings Summary

Upcoming
Earnings Date
Nov. 2Estimated
Actual EPS
(Aug. 3)
$1.44 Beat By $0.21
Consensus EPS
(Aug. 3)
$1.23
Skip Charts & View Estimated and Actual Earnings Data
Earnings Per ShareRevenue

TRGP Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

TRGP Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Targa Resources Analyst Forecasts

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20234$0.52$1.42$1.15
Q2 20233$1.13$1.18$1.15
Q3 20233$1.06$1.35$1.20
Q4 20233$1.47$1.77$1.60
FY 202313$4.18$5.72$5.10
Q1 20241$1.38$1.38$1.38
Q2 20241$1.18$1.18$1.18
Q3 20241$1.23$1.23$1.23
Q4 20241$1.50$1.50$1.50
FY 20244$5.29$5.29$5.29

TRGP Earnings Date and Information

Targa Resources last released its quarterly earnings results on August 3rd, 2023. The pipeline company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $4.56 billion. Targa Resources has generated $3.69 earnings per share over the last year ($3.69 diluted earnings per share) and currently has a price-to-earnings ratio of 22.9. Earnings for Targa Resources are expected to grow by 48.67% in the coming year, from $4.89 to $7.27 per share. Targa Resources has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 2nd, 2023 based off prior year's report dates.

Targa Resources Earnings History by Quarter

Export to Excel
DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
11/2/2023
Estimated)		------- 
8/3/2023Q2 2023$1.23$1.44+$0.21$1.44$4.56 billion$3.40 billion
5/4/2023Q1 2023$1.43$0.03($1.40)$0.03$5.72 billion$4.52 billion
2/22/2023Q4 2022$1.29$1.38+$0.09$1.38$5.38 billion$4.55 billion
11/3/2022Q3 2022$1.23$0.84($0.39)$0.84$6.96 billion$5.36 billion
8/4/2022Q2 2022$1.06$1.61+$0.55$1.61$5.88 billion$6.06 billion
5/5/2022Q1 2022$0.89$0.06($0.83)$0.06$6.07 billion$4.96 billion    
2/24/2022Q4 2021$0.65$0.51($0.14)$2.47$4.88 billion$5.44 billion
11/4/2021Q3 2021$0.41$0.66+$0.25$0.66$3.61 billion$4.46 billion
8/5/2021Q2 2021$0.29$0.15($0.14)$0.15$3.36 billion$3.42 billion
5/6/2021Q1 2021$0.15$0.53+$0.38$0.53$2.62 billion$3.63 billion  
2/18/2021Q4 2020$0.23($0.04)($0.27)($0.04)$2.29 billion$2.57 billion
11/5/2020Q3 2020$0.09$0.16+$0.07$0.16$1.90 billion$2.12 billion  












Targa Resources Earnings - Frequently Asked Questions

When is Targa Resources's earnings date?

Targa Resources has not confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, November 2nd, 2023 based off last year's report dates. Learn more on TRGP's earnings history.

Did Targa Resources beat their earnings estimates last quarter?

In the previous quarter, Targa Resources (NYSE:TRGP) reported $1.44 earnings per share (EPS) to beat the analysts' consensus estimate of $1.23 by $0.21. Learn more on analysts' earnings estimate vs. TRGP's actual earnings.

How much revenue does Targa Resources generate each year?

Targa Resources (NYSE:TRGP) has a recorded annual revenue of $20.93 billion.

How much profit does Targa Resources generate each year?

Targa Resources (NYSE:TRGP) has a recorded net income of $1.14 billion. TRGP has generated $3.69 earnings per share over the last four quarters.

What is Targa Resources's price-to-earnings ratio?

Targa Resources (NYSE:TRGP) has a trailing price-to-earnings ratio of 22.86 and a forward price-to-earnings ratio of 17.25.

What is Targa Resources's EPS forecast for next year?

Targa Resources's earnings are expected to grow from $4.89 per share to $7.27 per share in the next year, which is a 48.67% increase.


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This page (NYSE:TRGP) was last updated on 9/26/2023 by MarketBeat.com Staff

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