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 ROE as of September 2024 (TTM) for Targa Resources Corp. (TRGP) is 41.98%

According to Targa Resources Corp.’s latest financial reports and current stock price. The company's current ROE is 41.98%. This represents a change of 299.92% compared to the average of 10.50% of the last 4 quarters.

Targa Resources Corp. (TRGP) Historical ROE (quarterly & annually)

How has TRGP ROE performed in the past?

The mean historical ROE of Targa Resources Corp. over the last ten years is 9.71%. The current 41.98% ROE has changed 332.53% with respect to the historical average. Over the past ten years (40 quarters), TRGP's ROE was at its highest in in the June 2022 quarter at 28.81%. The ROE was at its lowest in in the March 2020 quarter at -52.44%.

Quarterly (TTM)
Annual

Average

9.71%

Median

2.42%

Minimum

-44.83%

Maximum

60.25%

Targa Resources Corp. (TRGP) ROE by Quarter and Year

Discovering the peaks and valleys of Targa Resources Corp. ROE, 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 = 3.03%

Maximum Annual ROE = 60.25%

Minimum Annual Increase = -5758.31%

Minimum Annual ROE = -44.83%

Quarterly (TTM)
Annual
YearROEChange
202330.51%-9.32%
202233.64%120.10%
202115.29%-134.09%
2020-44.83%-5758.31%
20190.79%3.03%
20180.03%-97.01%
20170.85%-124.59%
2016-3.44%-186.32%
20153.99%-93.38%
201460.25%37.71%

Targa Resources Corp. (TRGP) Average ROE

How has TRGP ROE performed in the past?

The current ROE 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

26.48%

5-year avg

7.08%

10-year avg

9.71%

Targa Resources Corp. (TRGP) ROE vs. Peers

How is TRGP’s ROE compared to its peers?

Targa Resources Corp.’s ROE is less than Plains GP Holdings, L.P. (7.42%), less than DCP Midstream, LP (9.38%), less than Equitrans Midstream Corporation (27.93%), less than Western Midstream Partners, LP (49.05%), less than EnLink Midstream, LLC (0%), less than Plains All American Pipeline, L.P. (12.92%), less than Holly Energy Partners, L.P. (9.25%), less than Hess Midstream LP (25.82%), less than MPLX LP (40.36%), less than NuStar Energy L.P. (32.29%), less than Magellan Midstream Partners, L.P. (28.40%), less than Crestwood Equity Partners LP (270.72%), less than null (9.13%),

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