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 | 8.2% |
| Revenue growth rate | 6.7% |
| Future return on equity | 48.1% |
| Analyst coverage | Good |
| Last updated | 19 Nov 2024 |
Recent future growth updates
Recent updates
Targa Resources Corp. (NYSE:TRGP) Shares Could Be 29% Above Their Intrinsic Value Estimate
Nov 21
Targa Resources: Assuming The Past Never Happens Again
Nov 11Should You Be Adding Targa Resources (NYSE:TRGP) To Your Watchlist Today?
Nov 03What You Can Learn From Targa Resources Corp.'s (NYSE:TRGP) P/E
Oct 16We Think Targa Resources (NYSE:TRGP) Is Taking Some Risk With Its Debt
Aug 30Targa Resources: Large Growth Potential With High Capex Spending
Aug 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jul 31Shareholders Should Be Pleased With Targa Resources Corp.'s (NYSE:TRGP) Price
Jul 16If EPS Growth Is Important To You, Targa Resources (NYSE:TRGP) Presents An Opportunity
Jun 21Targa Resources: Improving Ebitda And Possible Upside Potential
May 03Targa Resources (NYSE:TRGP) Is Increasing Its Dividend To $0.75
Apr 15A Look At The Fair Value Of Targa Resources Corp. (NYSE:TRGP)
Apr 07Here's Why Targa Resources (NYSE:TRGP) Can Manage Its Debt Responsibly
Mar 20Targa: 2024 Shaping Up To Be A Good Year
Mar 06A Look At The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Dec 26Targa Resources: Promising Growth Prospects But Almost Full Valuation
Dec 05Targa Resources (NYSE:TRGP) Seems To Use Debt Quite Sensibly
Oct 22Estimating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Sep 21Targa Resources Growing Organically
Sep 21Does Targa Resources (NYSE:TRGP) Deserve A Spot On Your Watchlist?
Sep 02Some Analysts Just Cut Their Targa Resources Corp. (NYSE:TRGP) Estimates
Aug 15Targa Resources Corp: At A Premium That Mutes A Buy Case
Jul 30Targa Resources (NYSE:TRGP) Has A Pretty Healthy Balance Sheet
Jul 10Calculating The Intrinsic Value Of Targa Resources Corp. (NYSE:TRGP)
Jun 18These 4 Measures Indicate That Targa Resources (NYSE:TRGP) Is Using Debt Reasonably Well
Apr 03Targa Resources Corp.'s (NYSE:TRGP) Intrinsic Value Is Potentially 40% Above Its Share Price
Mar 07Targa Resources Q4 2022 Earnings Preview
Feb 21Targa Resources (NYSE:TRGP) Is Paying Out A Dividend Of $0.35
Jan 24News Flash: Analysts Just Made A Notable Upgrade To Their Targa Resources Corp. (NYSE:TRGP) Forecasts
Jan 20Targa Resources declares $0.35 dividend
Jan 20Earnings and Revenue Growth Forecasts
| 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 (2.6%).
Earnings vs Market: TRGP's earnings (16% per year) are forecast to grow faster than the US market (15.4% 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 US market (9% 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%).