Targa Resources Future Growth
Future criteria checks 4/6
Targa Resources is forecast to grow earnings and revenue by 17.3% and 6.1% per annum respectively. EPS is expected to grow by 17.9% per annum. Return on equity is forecast to be 31.8% in 3 years.
Key information
17.3%
Earnings growth rate
17.9%
EPS growth rate
Oil and Gas earnings growth | -0.1% |
Revenue growth rate | 6.1% |
Future return on equity | 31.8% |
Analyst coverage | Good |
Last updated | 30 Apr 2024 |
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
---|---|---|---|---|---|
12/31/2026 | 22,178 | 1,733 | 1,644 | 3,300 | 6 |
12/31/2025 | 22,197 | 1,508 | 1,683 | 3,313 | 9 |
12/31/2024 | 19,897 | 1,222 | 497 | 2,952 | 9 |
12/31/2023 | 16,060 | 828 | 826 | 3,212 | N/A |
9/30/2023 | 16,376 | 868 | 607 | 2,791 | N/A |
6/30/2023 | 17,839 | 844 | 855 | 2,844 | N/A |
3/31/2023 | 20,491 | 890 | 1,197 | 2,802 | N/A |
12/31/2022 | 20,930 | 897 | 1,047 | 2,381 | N/A |
9/30/2022 | 21,817 | 244 | 1,349 | 2,347 | N/A |
6/30/2022 | 20,916 | 211 | 1,657 | 2,383 | N/A |
3/31/2022 | 18,276 | -128 | 1,758 | 2,371 | N/A |
12/31/2021 | 16,950 | -16 | 1,798 | 2,303 | N/A |
9/30/2021 | 14,081 | 319 | 1,978 | 2,448 | N/A |
6/30/2021 | 11,737 | 195 | 1,775 | 2,309 | N/A |
3/31/2021 | 9,844 | 210 | 1,266 | 1,972 | N/A |
12/31/2020 | 8,260 | -1,685 | 793 | 1,745 | N/A |
9/30/2020 | 8,161 | -1,828 | 320 | 1,567 | N/A |
6/30/2020 | 7,949 | -1,944 | -166 | 1,576 | N/A |
3/31/2020 | 8,421 | -2,034 | -741 | 1,535 | N/A |
12/31/2019 | 8,671 | -334 | -1,488 | 1,390 | N/A |
9/30/2019 | 8,795 | -327 | -2,367 | 1,148 | N/A |
6/30/2019 | 9,879 | -302 | -2,551 | 1,153 | N/A |
3/31/2019 | 10,328 | -182 | -2,365 | 1,097 | N/A |
12/31/2018 | 10,484 | -119 | -1,971 | 1,144 | N/A |
9/30/2018 | 10,589 | 272 | -1,142 | 1,322 | N/A |
6/30/2018 | 9,735 | 129 | -914 | 1,019 | N/A |
3/31/2018 | 9,158 | 78 | -774 | 975 | N/A |
12/31/2017 | 8,815 | -63 | -358 | 940 | N/A |
9/30/2017 | 8,125 | -497 | N/A | 809 | N/A |
6/30/2017 | 7,645 | -339 | N/A | 844 | N/A |
3/31/2017 | 7,361 | -420 | N/A | 915 | N/A |
12/31/2016 | 6,691 | -278 | N/A | 837 | N/A |
9/30/2016 | 6,326 | -72 | N/A | 900 | N/A |
6/30/2016 | 6,306 | -19 | N/A | 1,008 | N/A |
3/31/2016 | 6,421 | 49 | N/A | 1,005 | N/A |
12/31/2015 | 6,659 | 58 | N/A | 1,035 | N/A |
9/30/2015 | 7,044 | 57 | N/A | 938 | N/A |
6/30/2015 | 7,700 | 75 | N/A | 822 | N/A |
3/31/2015 | 8,002 | 86 | N/A | 714 | N/A |
12/31/2014 | 8,617 | 102 | N/A | 762 | N/A |
9/30/2014 | 8,688 | 97 | N/A | 625 | N/A |
6/30/2014 | 7,866 | 83 | N/A | 626 | N/A |
3/31/2014 | 7,212 | 71 | N/A | 509 | N/A |
12/31/2013 | 6,315 | 65 | N/A | 383 | N/A |
9/30/2013 | 5,738 | 56 | N/A | 415 | N/A |
6/30/2013 | 5,665 | 48 | N/A | 406 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TAR's forecast earnings growth (17.3% per year) is above the savings rate (0.7%).
Earnings vs Market: TAR's earnings (17.3% per year) are forecast to grow faster than the German market (15.4% per year).
High Growth Earnings: TAR's earnings are forecast to grow, but not significantly.
Revenue vs Market: TAR's revenue (6.1% per year) is forecast to grow faster than the German market (5.5% per year).
High Growth Revenue: TAR's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TAR's Return on Equity is forecast to be high in 3 years time (31.8%)