Targa Resources Future Growth

Future criteria checks 3/6

Targa Resources is forecast to grow earnings and revenue by 16% and 6.7% per annum respectively. EPS is expected to grow by 18.1% per annum. Return on equity is forecast to be 48.1% in 3 years.

Key information

16.0%

Earnings growth rate

18.1%

EPS growth rate

Oil and Gas earnings growth	12.9%
Revenue growth rate	6.7%
Future return on equity	48.1%
Analyst coverage	Good
Last updated	26 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BMV:TRGP * - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	22,293	1,937	1,752	3,565	7
12/31/2025	21,633	1,664	1,817	3,695	9
12/31/2024	18,090	1,318	366	3,175	8
9/30/2024	16,216	1,231	321	3,280	N/A
6/30/2024	16,261	1,065	424	3,146	N/A
3/31/2024	16,102	1,095	339	2,918	N/A
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	N/A	1,019	N/A
3/31/2018	9,158	78	N/A	975	N/A
12/31/2017	8,815	-63	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRGP *'s forecast earnings growth (16% per year) is above the savings rate (8.1%).

Earnings vs Market: TRGP *'s earnings (16% per year) are forecast to grow faster than the MX market (11.7% per year).

High Growth Earnings: TRGP *'s earnings are forecast to grow, but not significantly.

Revenue vs Market: TRGP *'s revenue (6.7% per year) is forecast to grow slower than the MX market (7.3% per year).

High Growth Revenue: TRGP *'s revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRGP *'s Return on Equity is forecast to be very high in 3 years time (48.1%).

Targa Resources Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Targa Resources Corp. Provides Earnings Guidance for the Full Year 2023

Recent updates

Investor sentiment improves as stock rises 35%

Targa Resources Corp. Announces Quarterly Dividend for the Third Quarter of 2024, Payable on November 15, 2024

President of Logistics & Transportation recently sold Mex$52m worth of stock

Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter dividend of US$0.75 announced

Targa Resources Corp. to Report Q2, 2024 Results on Aug 01, 2024

Investor sentiment improves as stock rises 16%

First quarter 2024 earnings released: EPS: US$1.24 (vs US$0.028 in 1Q 2023)

Upcoming dividend of US$0.75 per share

Insufficient new directors

Targa Resources Corp. to Report Q1, 2024 Results on May 02, 2024

Targa Resources Corp., Annual General Meeting, May 16, 2024

Targa Resources Corp. Appoints Caron A. Lawhorn as Class III Director and Member of Audit Committee

Targa Resources Corp. Announces Board Changes

Targa Resources Corp. to Report Q4, 2023 Results on Feb 15, 2024

Targa Resources Corp. Provides Earnings Guidance for the Full Year 2023

Targa Resources Corp. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.50 per share at 2.5% yield

Targa Resources Corp. to Report Q2, 2023 Results on Aug 03, 2023

Targa Resources Corp. (NYSE:TRGP) announces an Equity Buyback for $1,000 million worth of its shares.

Investor sentiment improves as stock rises 48%

Executive VP recently sold Mex$45m worth of stock

Full year 2022 earnings released: EPS: US$3.96 (vs US$0.07 loss in FY 2021)

Targa Resources Corp. to Report Q4, 2022 Results on Feb 22, 2023

Targa Resources Corp. (NYSE:TRGP) completed the acquisition of 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX).

Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion.

Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire 25% stake in Grand Prix Natural Gas Liquids Pipeline from Blackstone Energy Partners L.P. managed by Blackstone Inc. (NYSE:BX) for $1.1 billion.

Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stock

Senior VP & Chief Accounting Officer recently sold Mex$2.9m worth of stock

Third quarter 2022 earnings released: EPS: US$0.85 (vs US$0.70 in 3Q 2021)

Upcoming dividend of US$0.35 per share

Targa Resources Corp. to Report Q3, 2022 Results on Nov 03, 2022

Executive VP recently sold Mex$8.7m worth of stock

Second quarter 2022 earnings released: EPS: US$1.63 (vs US$0.15 in 2Q 2021)

Upcoming dividend of US$0.35 per share

Targa Resources Corp. to Report Q2, 2022 Results on Aug 04, 2022

Targa Resources Corp. (NYSE:TRGP) entered into a definitive agreement to acquire Lucid Energy Delaware LLC from Goldman Sachs Asset Management, L.P. and Riverstone Holdings LLC for $3.6 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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