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, and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016, TRC completed its acquisition of all of the outstanding common units of Targa Resources Partners LP (NYSE:NGLS) pursuant to the Agreement and Plan of Merger (the "TRC/TRP Merger Agreement", and such transaction, the "TRC/TRP Merger" or "Buy-in Transaction"). We issued 104,525,775 shares of common stock in exchange for all of the outstanding common units of the Partnership that we previously did not own. As a result of the completion of the TRC/TRP Merger, the TRP common units are no longer publicly traded.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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
03/20160.960.91031.10
12/20151.090.91024.83
09/20151.550.91033.24

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.03Total Liab/Total Assets0.58
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.64
Net Inc/Inv Cap-0.02Total Liab/Comm Equity1.36
Pretax Inc/Net Sales-0.04Interest Coverage Ratio-0.02
Net Inc/Net Sales-0.03Curr Debt/Equity0.01
Cash Flow/Net Sales0.13LTD/Equity0.88
SG&A/NetSales0.03Total Debt/Equity0.89
Asset Utilization   Liquidity  
Net Receivables Turnover10.52Quick Ratio0.74
Inventory Turnover39.30Current Ratio0.86
Inventory Day Sales0.11Net Rec/Curr Assets0.74
Net Sales/Work Cap-41.61Inv/Curr Assets0.14
Net Sales/PP&E0.69  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 1,867.70 2,112.60 2,012.50 1,652.40
Cost of Goods Sold 1,575.90 1,806.10 1,683.70 1,365.70
Selling & Admin Exps 51.20 64.90 49.40 51.10
Operating Income 37.10 50.50 -97.70 51.60
Interest Exp 62.10 63.00 67.20 62.70
Pretax Income -35.40 -39.40 -237.40 -11.90
Other Income -6.20 -14.30 -69.60 1.40
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 57.60 -119.30 -150.70 -10.70

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 98.70 80.00 73.50 141.10
Receivables - Total 552.40 608.30 742.40 625.90
Inventories - Total 197.70 75.50 137.70 150.30
Total Current Assets 914.90 812.10 1,006.80 976.70
Net Property, Plant & Equipment 10,226.80 9,963.40 9,691.00 9,680.20
Total Assets 13,918.40 13,653.80 12,871.20 13,055.60
Liabilities        
Accounts Payable 886.00 867.20 843.50 710.80
Debt in Current Liabilities 509.60 557.10 49.10 13.00
Total Current Liabilities 1,395.60 1,424.30 1,167.60 948.80
Long-Term Debt 3,937.50 4,213.30 4,606.00 4,725.90
Total Liabilities 7,254.20 7,767.00 7,431.80 7,563.20
Stockholder's Equity        
Minority Interest 474.30 481.00 475.80 570.10
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.20 0.20 0.20 0.20
Retained Earnings -192.90 -250.50 -187.30 -36.60
Treasury Stock -34.30 -32.70 -32.20 -31.80
Total Stockholders' Equity 6,460.90 5,689.90 5,248.60 5,306.80
Total Liabilities and Stockholders' Equity 13,715.10 13,456.90 12,680.40 12,870.00

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 145.80 318.70 276.70 103.20
Net Cash Provided by Investing Activities -483.10 -625.50 -136.60 -116.80
Net Cash Provided by Financing Activities 356.00 313.30 -207.70 -16.20

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20125,679.0040.000.91
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
Growth Rates4.18----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17486191,68988.91




Report Date : 10/9/2017

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