Targa Resources Future Growth

Future criteria checks 3/6

Targa Resources is forecast to grow earnings and revenue by 17.2% and 6.1% per annum respectively. EPS is expected to grow by 17.5% per annum. Return on equity is forecast to be 27.4% in 3 years.

Key information

17.2%

Earnings growth rate

17.5%

EPS growth rate

Oil and Gas earnings growth-0.7%
Revenue growth rate6.1%
Future return on equity27.4%
Analyst coverage

Good

Last updated20 Mar 2024

Recent future growth updates

Recent updates

Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

Mar 20
Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly

Targa: 2024 Shaping Up To Be A Good Year

Mar 06

A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Dec 26
A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources: Promising Growth Prospects But Almost Full Valuation

Dec 05

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Oct 22
Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Sep 21
Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources Growing Organically

Sep 21

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Sep 02
Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates

Aug 15
Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates

Targa Resources Corp: At A Premium That Mutes A Buy Case

Jul 30

Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet

Jul 10
Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet

Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

Jun 18
Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)

These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well

Apr 03
These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well

Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price

Mar 07
Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price

Targa Resources Q4 2022 Earnings Preview

Feb 21

Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35

Jan 24
Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35

News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts

Jan 20
News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts

Targa Resources declares $0.35 dividend

Jan 20

Targa Resources prices $1.75B notes offering to buy remaining stake in Grand Prix NGL Pipeline

Jan 03

Is Targa Resources (NYSE:TRGP) Using Too Much Debt?

Dec 22
Is Targa Resources (NYSE:TRGP) Using Too Much Debt?

Targa Resources: With Solid Q3 Results, This Company May Be Worth Considering

Nov 04

Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Nov 02
Calculating The Fair Value Of Targa Resources Corp. (NYSE:TRGP)

Targa Resources declares $0.35 dividend

Oct 13

Targa Resources moves to S&P 500; Payoneer jumps on SmallCap 600 addition

Oct 06

Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Sep 22
Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly

Targa Resources: Impressive Q2 Earnings Plus Growth Prospects

Aug 26

Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Aug 26
Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?

Targa Resources Q2 2022 Earnings Preview

Aug 03

Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?

Aug 01
Is Targa Resources Corp. (NYSE:TRGP) Trading At A 27% Discount?

Targa Resources declares $0.35 dividend

Jul 14

Updating Our Targa Resources Valuation After Its Lucid Energy Acquisition

Jun 30

Targa Resources: Back In The Buy Zone

Jun 21

Targa Resources' Capital Allocation Prowess Is Creating Value For Shareholders

May 10

Earnings and Revenue Growth Forecasts

NYSE:TRGP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202620,3181,7151,6793,2553
12/31/202522,5001,5241,6693,3288
12/31/202419,4861,2464742,8247
12/31/202316,0608288263,212N/A
9/30/202316,3768686072,791N/A
6/30/202317,8398448552,844N/A
3/31/202320,4918901,1972,802N/A
12/31/202220,9308971,0472,381N/A
9/30/202221,8172441,3492,347N/A
6/30/202220,9162111,6572,383N/A
3/31/202218,276-1281,7582,371N/A
12/31/202116,950-161,7982,303N/A
9/30/202114,0813191,9782,448N/A
6/30/202111,7371951,7752,309N/A
3/31/20219,8442101,2661,972N/A
12/31/20208,260-1,6857931,745N/A
9/30/20208,161-1,8283201,567N/A
6/30/20207,949-1,944-1661,576N/A
3/31/20208,421-2,034-7411,535N/A
12/31/20198,671-334-1,4881,390N/A
9/30/20198,795-327-2,3671,148N/A
6/30/20199,879-302-2,5511,153N/A
3/31/201910,328-182-2,3651,097N/A
12/31/201810,484-119-1,9711,144N/A
9/30/201810,589272-1,1421,322N/A
6/30/20189,735129-9141,019N/A
3/31/20189,15878-774975N/A
12/31/20178,815-63-358940N/A
9/30/20178,125-497N/A809N/A
6/30/20177,645-339N/A844N/A
3/31/20177,361-420N/A915N/A
12/31/20166,691-278N/A837N/A
9/30/20166,326-72N/A900N/A
6/30/20166,306-19N/A1,008N/A
3/31/20166,42149N/A1,005N/A
12/31/20156,65958N/A1,035N/A
9/30/20157,04457N/A938N/A
6/30/20157,70075N/A822N/A
3/31/20158,00286N/A714N/A
12/31/20148,617102N/A762N/A
9/30/20148,68897N/A625N/A
6/30/20147,86683N/A626N/A
3/31/20147,21271N/A509N/A
12/31/20136,31565N/A383N/A
9/30/20135,73856N/A415N/A
6/30/20135,66548N/A406N/A
3/31/20135,63842N/A482N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRGP's forecast earnings growth (17.2% per year) is above the savings rate (2.3%).

Earnings vs Market: TRGP's earnings (17.2% per year) are forecast to grow faster than the US market (13.4% per year).

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

Revenue vs Market: TRGP's revenue (6.1% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: TRGP'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: TRGP's Return on Equity is forecast to be high in 3 years time (27.4%)


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