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

$117.68
+0.78 (+0.67%)
(As of 04/25/2024 ET)

Earnings Summary

Upcoming
Earnings Date
May. 2
Before Market Opens
Confirmed
Actual EPS
(Feb. 15)
$1.23 Missed By -$0.26
Consensus EPS
(Feb. 15)
$1.49
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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 EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20243$1.29$1.60$1.40
Q2 20243$1.12$1.35$1.21
Q3 20243$1.26$1.44$1.34
Q4 20243$1.44$1.73$1.55
FY 202412$5.11$6.12$5.51
Q1 20251$1.43$1.43$1.43
Q2 20251$1.37$1.37$1.37
Q3 20251$1.45$1.45$1.45
Q4 20251$1.63$1.63$1.63
FY 20254$5.88$5.88$5.88

TRGP Earnings Date and Information

Targa Resources last issued its earnings data on February 15th, 2024. The pipeline company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.49 by $0.26. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.50 billion. Targa Resources has generated $3.67 earnings per share over the last year ($3.67 diluted earnings per share) and currently has a price-to-earnings ratio of 32.1. Earnings for Targa Resources are expected to grow by 18.89% in the coming year, from $5.77 to $6.86 per share. Targa Resources has confirmed that its next quarterly earnings report will be published on Thursday, May 2nd, 2024. Targa Resources will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call..

Targa Resources Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
5/2/2024
Confirmed)
-------  
2/15/2024Q4 2023$1.49$1.23($0.26)$1.23$4.50 billion$4.24 billion
11/2/2023Q3 2023$1.17$0.97($0.20)$0.97$5.13 billion$3.90 billion
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  

Targa Resources Earnings - Frequently Asked Questions

When is Targa Resources's earnings date?

Targa Resources has confirmed that its next quarterly earnings data will be published on Thursday, May 2nd, 2024. Learn more on TRGP's earnings history.

Did Targa Resources beat their earnings estimates last quarter?

In the previous quarter, Targa Resources (NYSE:TRGP) missed the analysts' consensus estimate of $1.49 by $0.26 with a reported earnings per share (EPS) of $1.23. 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 $16.06 billion.

How much profit does Targa Resources generate each year?

Targa Resources (NYSE:TRGP) has a recorded net income of $828.20 million. TRGP has generated $3.67 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 32.07 and a forward price-to-earnings ratio of 20.40.

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

Targa Resources's earnings are expected to grow from $5.77 per share to $6.86 per share in the next year, which is a 18.89% increase.


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This page (NYSE:TRGP) was last updated on 4/26/2024 by MarketBeat.com Staff

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