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Targa Resources TRGP Equity Method Investments

Equity Method Investments at other companies

Oneok logo
OneokOKE
$2.99B+24.1%
Energy Transfer logo
Energy TransferET
$3.65B+11.8%
Kinetik Holdings logo
Kinetik HoldingsKNTK
$1.99B-5.7%
HES
Hess MidstreamHESM
$80M-6.4%
Antero Midstream Corporation logo
Antero Midstream CorporationAM
$580.97M-3.2%
EQT Corporation logo
EQT CorporationEQT
$3.87B+9.0%

Segments

By segment

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Logistics And Transportation50%—

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$58.69B+58.5%
Enterprise value$58.94B+58.6%
P/E27.5×-0.8×
P/S3.5×+1.3×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp
FCF margin4.8%-3.1pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Questions, answered.

What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.