TRGP Q1 2024 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$4.6B+6.2% YoY

Gross Profit

$1.0B22.0% margin

Operating Income

$639M14.0% margin

Net Income

$275M6.0% margin

EPS (Diluted)

$1.22

QoQ Revenue Growth

+7.8%

Cash Flow

Operating Cash Flow

$876M

Free Cash Flow

$207M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$20.8B

Total Liabilities

$16.3B

Stockholders' Equity

$2.7B

Cash & Equivalents

$110M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.6B	$4.3B	+6.2%
Gross Profit	$1.0B	$695M	+44.4%
Operating Income	$639M	$613M	+4.3%
Net Income	$275M	$6M	+4268.3%

Revenue Segments

Logistics And Transportation

$4.0B69%

Gathering And Processing

$1.8B31%

Geographic Segments

Logistics And Transportation

$4.0B69%

Gathering And Processing

$1.8B31%