What does total operating expenses mean?

The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

Targa Resources TRGP Total Operating Expenses

Total Operating Expenses at other companies

MTD

Matador ResourcesMTDR

$162.75M+4.2%

NextDecade CorporationNEXT

$55.12M+6.2%

Antero Midstream CorporationAM

$125.6M+10.3%

Tamboran ResourcesTBN

$8.37M-4.9%

Diversified Energy DEC

$277.71M+10.8%

Segments

By segment

See full

Gathering And Processing$233.6M+12.2%

Logistics And Transportation$100.2M+4.9%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$739.5M-22.5%

CapEx$899.5M+13.5%

Free cash flow-$160.0M-199%

Valuation

See full

Market cap$58.69B+58.5%

Enterprise value$58.94B+58.6%

P/E27.5×-0.8×

P/S3.5×+1.3×

Profitability

See full

Gross margin41.8%+7.3pp

Operating margin21.9%+6.1pp

Net margin12.9%+4.9pp

FCF margin4.8%-3.1pp

Returns & leverage

See full

Return on equity76.3%+25.6pp

Debt / equity0.1×0.0×

Current ratio0.7×+0.1×

Questions, answered.

What does total operating expenses mean?: The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.