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Targa Resources TRGP Free cash flow margin

Discontinued — last reported Q2 '23

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Other financials

Income statement

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Revenue$4.4B+4.2%
Gross profit$2.1B+17.2%
Operating income$1.2B+19.4%
Net income$764.6M+21.5%
EPS (diluted)$3.54+23.3%

Balance sheet

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Cash & equivalents$132.3M+17.0%
Total debt$19.8B+6,407%
Total equity$3.7B+41.3%
Total assets$28.5B+21.3%

Cash flow

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Operating cash flow$1.4B+67.9%
CapEx$1.0B+11.5%
Free cash flow$431.2M

Valuation

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Market cap$55.83B+57.8%
Enterprise value$75.51B+112%
P/E24.6×+3.0×
P/S3.3×+1.3×

Profitability

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Gross margin43.2%+7.5pp
Operating margin22.9%+5.3pp
Net margin13.5%+4.0pp

Returns & leverage

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Return on equity72.6%+7.8pp
Debt / equity5.4×+5.3×
Current ratio0.8×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on trailing twelve months.

The source filing: Targa Resources’s 10-Q, filed August 3, 2023. Open the filing →

Filed
Aug 3, 2023
Fiscal quarter
Q2 FY2023
Calendar quarter
Q2 2023
Accession
0000950170-23-037748

FAQ

What is Targa Resources's free cash flow margin?
Targa Resources (TRGP) reported free cash flow margin of 4.8% in Q2 2023.
How has Targa Resources's free cash flow margin changed year-over-year?
Targa Resources's free cash flow margin decreased by 39.5% year-over-year, from 7.9% to 4.8%.
What is the long-term trend for Targa Resources's free cash flow margin?
Over 2 years (2020 to 2022), Targa Resources's free cash flow margin has grown at a -27.8% compound annual growth rate (CAGR), from 9.6% to 5%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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