Revenue Breakdown
Composition ()
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Revenue Streams
Targa Resources Corp (TRGP) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is NGL, accounting for 72.8% of total sales, equivalent to $2.98B. Other significant revenue streams include Gathering And Processing Fees and Natural Gas Sales. Understanding this composition is critical for investors evaluating how TRGP navigates market cycles within the Oil & Gas Transportation Services industry.
Profitability & Margins
Evaluating the bottom line, Targa Resources Corp maintains a gross margin of 34.99%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at 25.45%, while the net margin is 11.23%. These profitability ratios, combined with a Return on Equity (ROE) of 75.87%, provide a clear picture of how effectively TRGP converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, TRGP competes directly with industry leaders such as SRE and CQP. With a market capitalization of $53.26B, it holds a significant position in the sector. When comparing efficiency, TRGP's gross margin of 34.99% stands against SRE's 69.55% and CQP's 10.83%. Such benchmarking helps identify whether Targa Resources Corp is trading at a premium or discount relative to its financial performance.
