TRGP Q1 2023 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q1 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.3B-13.3% YoY

Gross Profit

$695M16.2% margin

Operating Income

$613M14.3% margin

Net Income

$6M0.1% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$694M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$19.0B

Total Liabilities

$14.6B

Stockholders' Equity

$2.6B

Cash & Equivalents

$212M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.3B	$5.0B	-13.3%
Gross Profit	$695M	$546M	+27.4%
Operating Income	$613M	$296M	+107.2%
Net Income	$6M	$88M	-92.8%

Revenue Segments

Logistics And Transportation

$3.8B66%

Gathering And Processing

$2.0B34%

Geographic Segments

Logistics And Transportation

$3.8B66%

Gathering And Processing

$2.0B34%