TRGP Q2 2023 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$3.2B-48.5% YoY

Gross Profit

$535M16.7% margin

Operating Income

$454M14.2% margin

Net Income

$326M10.2% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

-25.3%

Cash Flow

Operating Cash Flow

$677M

Free Cash Flow

$79M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$19.5B

Total Liabilities

$14.9B

Stockholders' Equity

$2.7B

Cash & Equivalents

$169M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$6.2B	-48.5%
Gross Profit	$535M	$700M	-23.5%
Operating Income	$454M	$629M	-27.8%
Net Income	$326M	$596M	-45.4%

Revenue Segments

Logistics And Transportation

$2.8B64%

Gathering And Processing

$1.6B36%

Geographic Segments

Logistics And Transportation

$2.8B64%

Gathering And Processing

$1.6B36%