TRGP Q3 2023 Earnings — Targa Resources Corp. Revenue & Financial Results | Market Cap Arena

TRGPTarga Resources Corp.

$51B

Q3 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$3.9B-27.6% YoY

Gross Profit

$582M15.0% margin

Operating Income

$492M12.7% margin

Net Income

$218M5.6% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+21.0%

Cash Flow

Operating Cash Flow

$407M

Free Cash Flow

-$184M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$20.2B

Total Liabilities

$15.8B

Stockholders' Equity

$2.5B

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.9B	$5.4B	-27.6%
Gross Profit	$582M	$767M	-24.0%
Operating Income	$492M	$430M	+14.5%
Net Income	$218M	$193M	+12.8%

Revenue Segments

Logistics And Transportation

$3.4B65%

Gathering And Processing

$1.9B35%

Geographic Segments

Logistics And Transportation

$3.4B65%

Gathering And Processing

$1.9B35%