TRGP Q2 2024 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q2 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$3.6B+12.8% YoY

Gross Profit

$782M21.6% margin

Operating Income

$684M18.9% margin

Net Income

$296M8.2% margin

EPS (Diluted)

$1.33

QoQ Revenue Growth

-20.7%

Cash Flow

Operating Cash Flow

$905M

Free Cash Flow

$164M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$21.3B

Total Liabilities

$16.9B

Stockholders' Equity

$2.5B

Cash & Equivalents

$166M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.2B	+12.8%
Gross Profit	$782M	$535M	+46.1%
Operating Income	$684M	$454M	+50.5%
Net Income	$296M	$326M	-9.1%

Revenue Segments

Logistics And Transportation

$3.0B66%

Gathering And Processing

$1.5B34%

Geographic Segments

Logistics And Transportation

$3.0B66%

Gathering And Processing

$1.5B34%