Targa Resources Corp.

Targa Resources Corp.verified

TRGP

Price:

$146.75

Market Cap:

$32.15B

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of pr...[Read more]

Industry

Oil & Gas Midstream

IPO Date

2010-12-07

Stock Exchange

NYSE

Ticker

TRGP

The Current Ratio as of September 2024 (TTM) for Targa Resources Corp. (TRGP) is 0.65

According to Targa Resources Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 0.65. This represents a change of -12.12% compared to the average of 0.73 of the last 4 quarters.

Targa Resources Corp. (TRGP) Historical Current Ratio (quarterly & annually)

How has TRGP Current Ratio performed in the past?

The mean historical Current Ratio of Targa Resources Corp. over the last ten years is 0.83. The current 0.65 Current Ratio has changed 7.68% with respect to the historical average. Over the past ten years (40 quarters), TRGP's Current Ratio was at its highest in in the September 2014 quarter at 1.31. The Current Ratio was at its lowest in in the December 2018 quarter at 0.51.

Quarterly (TTM)
Annual

Average

0.83

Median

0.81

Minimum

0.51

Maximum

1.07

Targa Resources Corp. (TRGP) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Targa Resources Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 74.68%

Maximum Annual Current Ratio = 1.07

Minimum Annual Increase = -35.46%

Minimum Annual Current Ratio = 0.51

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.793.44%
20220.77-0.20%
20210.77-6.18%
20200.82-7.33%
20190.8974.68%
20180.51-35.46%
20170.79-8.90%
20160.86-17.37%
20151.04-2.21%
20141.07-8.37%

Targa Resources Corp. (TRGP) Average Current Ratio

How has TRGP Current Ratio performed in the past?

The current Current Ratio of Targa Resources Corp. (TRGP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.78

5-year avg

0.81

10-year avg

0.83

Targa Resources Corp. (TRGP) Current Ratio vs. Peers

How is TRGP’s Current Ratio compared to its peers?

Targa Resources Corp.’s Current Ratio is less than Plains GP Holdings, L.P. (1.00), less than DCP Midstream, LP (0.88), less than Equitrans Midstream Corporation (0.68), less than Western Midstream Partners, LP (1.68), less than EnLink Midstream, LLC (0), less than Plains All American Pipeline, L.P. (0.65), less than Holly Energy Partners, L.P. (1.00), greater than Hess Midstream LP (0.11), less than MPLX LP (1.11), less than NuStar Energy L.P. (0.99), less than Magellan Midstream Partners, L.P. (0.81), less than Crestwood Equity Partners LP (1.08), less than null (1.31),

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