NYSE:TRGPOil and Gas
Targa Resources (TRGP) Margin Rise Reinforces Profit Narrative Despite Slower Revenue Growth
Targa Resources (TRGP) delivered annual revenue growth of 4.1%, trailing the broader US market’s 10.5% pace. Net profit margins have risen to 8.9% from 6.5%, highlighting greater operational efficiency. Earnings are forecast to climb 10% per year, which is short of the US market’s 16% annual projection, and the company’s share price currently stands at $162.69, which is below some analyst fair value estimates. While longer-term earnings surged by an average of 62.5% per year over the last...