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Targa Resources Corp. [TRGP] reports $358.9 million quarterly net profit

Targa Resources Corp. [TRGP] reports $358.9 million quarterly net profit

Company generates $3.6 billion in revenue

By USinMinutes
Published - Aug 01, 2024, 02:19 PM ET
Last Updated - Aug 16, 2024, 10:39 AM EDT

Targa Resources Corp. Targa Resources Corp. [TRGP] has reported $358.9 million quarterly profit, an increase of $26.3 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Targa Resources reported the quarterly diluted earnings per share (EPS) rose by 9.02 percent to $1.3 from $1.2 in the previous quarter.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $3,562.0  $4,562.4  $16,060.3  $3,896.6 
Operating Profit $627.2  $639.4  $2,626.2  $505.1 
Net Income $358.9  $332.6  $1,579.3  $279.0 
Net Cash $24.7  -$31.8  -$77.3  -$79.5 
Gross Margin $3,562.0  $4,562.4     
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues992.48 1371.74     
Profit as % of Assets2.89 2.62 7.85 1.40 
Profit as % of Stockholder Equity8.25 7.27 34.26 6.37 
Return on Equity8.25 7.27 34.26 6.37 
Return on Assets1.69 1.60 7.64 1.38 
Turnover Ratio28.70 35.91 0.80 0.20 
EBITA$975.8 $979.9 $0.0 $0.0 

Balance Sheet

Total Assets $21,264.2  $20,846.1  $20,671.8  $20,189.6 
Total Liabilities $16,915.2  $16,268.5  $16,061.8  $15,811.8 

Cash Flow Statement

Operating Cash Flow $1,780.9  $876.4  $3,211.6  $2,253.9 
Investing Cash Flow -$1,427.7  -$677.9  -$2,400.8  -$1,673.8 
Financing Cash Flow -$328.5  -$230.3  -$888.1  -$659.6 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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