Last $139.58 USD
Change Today -0.56 / -0.40%
Volume 202.2K
TRGP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

targa resources corp (TRGP) Snapshot

Open
$140.35
Previous Close
$140.14
Day High
$141.35
Day Low
$138.78
52 Week High
06/19/14 - $160.97
52 Week Low
09/30/13 - $71.45
Market Cap
5.9B
Average Volume 10 Days
188.2K
EPS TTM
$1.92
Shares Outstanding
42.2M
EX-Date
07/24/14
P/E TM
72.7x
Dividend
$2.76
Dividend Yield
1.80%
Current Stock Chart for TARGA RESOURCES CORP (TRGP)

targa resources corp (TRGP) Related Businessweek News

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targa resources corp (TRGP) Details

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; gathering, storing, and terminaling crude oil activities; and storing, terminaling, and selling refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 11,300 miles of natural gas pipelines, including 10 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2013, the company managed approximately 700 railcars; 80 owned and leased transport tractors; and 18 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

1,277 Employees
Last Reported Date: 02/14/14
Founded in 2005

targa resources corp (TRGP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.4M
President and Chief Operating Officer
Total Annual Compensation: $1.2M
Executive Chairman of the Board of Directors
Total Annual Compensation: $1.5M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $672.1K
Advisor To Chairman & Chief Executive Officer...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

targa resources corp (TRGP) Key Developments

Targa Resources Partners LP and Targa Resources Corp Announce Board Changes, Effective Dec. 31, 2014

Targa Resources Partners LP and Targa Resources Corp., or TRC, have announced the retirement of Rene Joyce as executive chairman of TRC and of the general partner of the partnership, effective December 31, 2014. He will continue to serve as a director of both companies. Roy E. Johnson, also a founding executive and a key to the Targa vision and success story, has elected to retire effective December 31, 2014 as well. TRC and the Partnership also announced that James W. Whalen will assume the role of Executive Chairman of TRC and of the general partner of the Partnership, effective January 1, 2015. Mr. Whalen, who will remain on the management team, has served as a director of TRC and its predecessor companies since 2004 and as a director of the general partner of the Partnership since 2007.

Targa Resources Corp. Reaffirms Dividend Guidance for 2014

Targa Resources Corp. reaffirmed its original expectation that dividend growth will be more than 25% for 2014.

Targa Resources Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Targa Resources Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $2,061.9 million against $1,441.6 million a year ago. Income from operations was $150.3 million against $60.9 million a year ago. Income before income taxes was $118.7 million against $30.5 million a year ago. Net income attributable to the common shareholders was $26.4 million or $0.63 per diluted unit against $15.0 million $0.36 per diluted unit a year ago. For the six months, the company reported revenues of $4,414.8 million against $2,839.5 million a year ago. Income from operations was $308.8 million against $134.8 million a year ago. Income before income taxes was $248.3 million against $73.7 million a year ago. Net income attributable to the common shareholders was $46.0 million or $1.09 per diluted unit against $28.3 million $0.67 per diluted unit a year ago.

 

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Industry Analysis

TRGP

Industry Average

Valuation TRGP Industry Range
Price/Earnings 71.3x
Price/Sales 0.7x
Price/Book 38.9x
Price/Cash Flow 15.1x
TEV/Sales 0.1x
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