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Targa Resources (TRGP) Earnings Date, Estimates & Call Transcripts

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$202.79 -0.78 (-0.38%)
(As of 11/20/2024 ET)

Targa Resources Latest Earnings Summary

Upcoming Q4
Earnings Date
Feb. 20Estimated
Actual EPS
(Nov. 5)
$1.75 Beat By $0.17
Consensus EPS
(Nov. 5)
$1.58

Targa Resources posted Q3 2024 earnings on November 5, 2024, reporting an EPS of $1.75, which beat the consensus estimate of $1.58 by $0.17. Quarterly revenue was reported to be $3.85 billion, below analysts' expectations of $4.24 billion. With a trailing EPS of $5.53 and a P/E Ratio of 36.67, Targa Resources' earnings are expected to grow 30.50% next year, from $6.23 to $8.13 per share.

TRGP Upcoming Earnings

Targa Resources' next earnings date is estimated for Thursday, February 20, 2025, based off prior year's reporting schedules.

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TRGP Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

TRGP Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Targa Resources Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20243$1.34$1.60$1.44
Q2 20243$1.28$1.35$1.32
Q3 20243$1.52$1.65$1.59
Q4 20243$1.78$1.97$1.85
FY 202412$5.92$6.57$6.21
Q1 20251$1.83$1.83$1.83
Q2 20251$1.79$1.79$1.79
Q3 20251$1.92$1.92$1.92
Q4 20251$2.09$2.09$2.09
FY 20254$7.63$7.63$7.63

Targa Resources Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueLinks
2/20/2025
(Estimated)
------- 
11/5/2024Q3 2024$1.58$1.75+$0.17$1.75$4.24B$3.85B        
8/1/2024Q2 2024$1.21$1.33+$0.12$1.33$4.33B$3.56B        
5/2/2024Q1 2024$1.35$1.22 -$0.13$1.22$4.28B$4.56B    
2/15/2024Q4 2023$1.49$1.23 -$0.26$1.23$4.50B$4.24B    
11/2/2023Q3 2023$1.17$0.97 -$0.20$0.97$5.13B$3.90B    
8/3/2023Q2 2023$1.23$1.44+$0.21$1.44$4.56B$3.40B    
5/4/2023Q1 2023$1.43$0.03 -$1.40$0.03$5.72B$4.52B    
2/22/2023Q4 2022$1.29$1.38+$0.09$1.38$5.38B$4.55B    

Targa Resources Earnings - Frequently Asked Questions

Targa Resources has not confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, February 20th, 2025 based off last year's report dates. Learn more on TRGP's earnings history.

In the previous quarter, Targa Resources (NYSE:TRGP) reported $1.75 earnings per share (EPS) to beat the analysts' consensus estimate of $1.58 by $0.17. Learn more on analysts' earnings estimate vs. TRGP's actual earnings.

The conference call for Targa Resources's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for Targa Resources's latest earnings report can be read online.
Read Transcript

Targa Resources (NYSE:TRGP) has a recorded annual revenue of $16.22 billion.

Targa Resources (NYSE:TRGP) has a recorded net income of $828.20 million. TRGP has generated $5.53 earnings per share over the last four quarters.

Targa Resources (NYSE:TRGP) has a trailing price-to-earnings ratio of 36.67 and a forward price-to-earnings ratio of 32.55. The price/earnings-to-growth ratio is 0.78.

Targa Resources's earnings are expected to grow from $6.23 per share to $8.13 per share in the next year, which is a 30.50% increase.

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This page (NYSE:TRGP) was last updated on 11/21/2024 by MarketBeat.com Staff
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