Company Information

  

Address: TARGA RESOURCES PARTNERS LP
1000 LOUISIANA STREET, SUITE 4300 
City: HOUSTON 
State: TX 
Zip Code: 77002 
Telephone: 713-584-1000 

Description of Business

Primary SIC Code: 4922
(As filed with the SEC)  

Targa Resources Corp. (NYSE: TRGP) is a publicly traded Delaware corporation formed in October 2005. Targa is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. We own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. The following should be read in conjunction with our audited consolidated financial statements and the notes thereto. We have prepared our accompanying consolidated financial statements under GAAP and the rules and regulations of the SEC. Our accounting records are maintained in U.S. dollars and all references to dollars in this report are to U.S. dollars, except where stated otherwise. Our consolidated financial statements include our accounts and those of our majority-owned and/or controlled subsidiaries, and all significant intercompany items have been eliminated in consolidation.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20180.430.910102.33
12/2017-0.310.910N/E
09/2017-2.680.910N/E
06/2017-1.970.910N/E
03/2017-2.510.910N/E
12/2016-1.800.910N/E
09/2016-0.190.910N/E
06/20160.290.910145.31

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.01Total Liab/Total Assets0.56
Net Inc/Total Assets0.00Total Liab/Inv Cap0.65
Net Inc/Inv Cap0.00Total Liab/Comm Equity1.28
Pretax Inc/Net Sales-0.03Interest Coverage Ratio-0.25
Net Inc/Net Sales0.01Curr Debt/Equity0.07
Cash Flow/Net Sales0.11LTD/Equity0.76
SG&A/NetSales0.03Total Debt/Equity0.83
Asset Utilization   Liquidity  
Net Receivables Turnover11.23Quick Ratio0.66
Inventory Turnover44.00Current Ratio0.79
Inventory Day Sales0.10Net Rec/Curr Assets0.65
Net Sales/Work Cap-25.43Inv/Curr Assets0.16
Net Sales/PP&E0.85  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 2,455.60 2,702.80 2,131.80 1,867.70
Cost of Goods Sold 2,114.20 2,328.50 1,818.50 1,575.90
Selling & Admin Exps 57.00 54.10 50.60 51.20
Operating Income 86.30 113.50 -323.50 37.10
Interest Exp NA 52.50 56.10 125.10
Pretax Income 47.80 34.40 -252.50 -35.40
Other Income -56.10 -26.20 126.90 -6.20
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 22.90 283.30 -167.60 57.60

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 219.80 137.20 114.10 98.70
Receivables - Total 745.60 827.60 715.00 552.40
Inventories - Total 96.70 204.50 267.40 197.70
Total Current Assets 1,160.30 1,269.90 1,200.80 914.90
Net Property, Plant & Equipment 10,841.60 10,430.00 10,068.80 10,226.80
Total Assets 14,753.20 14,388.60 13,998.30 13,918.40
Liabilities        
Accounts Payable 1,030.70 1,186.90 1,024.00 886.00
Debt in Current Liabilities 353.60 429.70 609.30 509.60
Total Current Liabilities 1,384.30 1,616.60 1,633.30 1,395.60
Long-Term Debt 5,064.20 4,703.00 4,368.60 3,937.50
Total Liabilities 8,439.00 8,011.80 7,792.70 7,254.20
Stockholder's Equity        
Minority Interest 873.70 595.70 549.60 474.30
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.20 0.20 0.20 0.20
Retained Earnings -49.10 -77.20 -360.50 -192.90
Treasury Stock -36.00 -35.60 -35.30 -34.30
Total Stockholders' Equity 6,090.70 6,160.30 5,995.80 6,460.90
Total Liabilities and Stockholders' Equity 14,529.70 14,172.10 13,788.50 13,715.10

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 354.40 407.60 67.40 145.80
Net Cash Provided by Investing Activities -677.30 -435.20 -348.90 -483.10
Net Cash Provided by Financing Activities 405.50 50.70 296.90 356.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20136,314.7079.901.55
12/20148,616.50102.302.77
12/20156,658.6058.301.09
12/20166,690.90-187.30-1.80
12/20178,814.9054.00-0.31
Growth Rates8.70----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18489210,82896.06




Report Date : 7/16/2018

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