Targa Resources (TRGP) Earnings Date, Estimates & Call Transcripts $176.79 +4.26 (+2.47%) (As of 12/20/2024 05:31 PM ET) Add Compare Share Share Earnings Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Targa Resources Latest Earnings SummaryActual EPS (Nov. 5) $1.75 Beat By $0.17 Consensus EPS (Nov. 5) $1.58 Targa Resources issued Q3 2024 earnings on November 5, 2024, reporting an EPS of $1.75, which topped the consensus estimate of $1.58 by $0.17. Quarterly revenue was reported to be $3.85 billion, below the consensus estimate of $4.24 billion. With a trailing EPS of $5.53 and a P/E Ratio of 31.97, Targa Resources' earnings are expected to grow 28.75% next year, from $6.26 to $8.06 per share. Conference CallConference Call TranscriptEarnings Press ReleaseEarnings Slide DeckPowered by Get Targa Resources Earnings Alerts Want to stay updated on the latest earnings announcements and upcoming reports? Sign up for Earnings360's daily newsletter to receive timely earnings updates on Targa Resources and other key companies, straight to your inbox. Enter your email to sign up for newsletter Sign Up Skip Charts & View Estimated and Actual Earnings DataTRGP Earnings Estimates and Actuals by QuarterEarnings Estimates and Acutals by Quarter Chart DescriptionThe 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 QuarterEstimated Revenue and Actual Revenue by Quarter Chart DescriptionThe 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 EstimatesQuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateQ1 20243$1.34$1.60$1.44Q2 20243$1.28$1.35$1.32Q3 20243$1.52$1.65$1.59Q4 20243$1.78$1.97$1.88FY 202412$5.92$6.57$6.23Q1 20251$1.94$1.94$1.94Q2 20251$1.87$1.87$1.87Q3 20251$1.97$1.97$1.97Q4 20251$2.17$2.17$2.17FY 20254$7.95$7.95$7.95 Targa Resources Earnings History by Quarter Custom Range 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 5 Years 10 Years Time Frame * Start Date * End Date Export to Excel DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueDetails11/5/2024Q3 2024$1.58$1.75+$0.17$1.75$4.24B$3.85B8/1/2024Q2 2024$1.21$1.33+$0.12$1.33$4.33B$3.56B5/2/2024Q1 2024$1.35$1.22 -$0.13$1.22$4.28B$4.56B2/15/2024Q4 2023$1.49$1.23 -$0.26$1.23$4.50B$4.24B11/2/2023Q3 2023$1.17$0.97 -$0.20$0.97$5.13B$3.90B8/3/2023Q2 2023$1.23$1.44+$0.21$1.44$4.56B$3.40B Get the Latest News and Ratings for TRGP and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Targa Resources and its competitors with MarketBeat's FREE daily newsletter. 5/4/2023Q1 2023$1.43$0.03 -$1.40$0.03$5.72B$4.52B2/22/2023Q4 2022$1.29$1.38+$0.09$1.38$5.38B$4.55B Targa Resources Earnings - Frequently Asked Questions When did Targa Resources announce their last quarterly earnings? Targa Resources (NYSE:TRGP) last announced its quarterly earning data on Tuesday, November 5, 2024. Learn more on TRGP's earnings history. Did Targa Resources beat their earnings estimates last quarter? 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. How can I listen to Targa Resources's earnings conference call? The conference call for Targa Resources's latest earnings report can be listened to online. Listen to Conference Call How can I read Targa Resources's conference call transcript? The conference call transcript for Targa Resources's latest earnings report can be read online. Read Transcript How much revenue does Targa Resources generate each year? Targa Resources (NYSE:TRGP) has a recorded annual revenue of $16.22 billion. How much profit does Targa Resources generate each year? 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. What is Targa Resources's price-to-earnings ratio? Targa Resources (NYSE:TRGP) has a trailing price-to-earnings ratio of 31.97 and a forward price-to-earnings ratio of 28.24. The price/earnings-to-growth ratio is 0.73. What is Targa Resources's EPS forecast for next year? Targa Resources's earnings are expected to grow from $6.26 per share to $8.06 per share in the next year, which is a 28.75% increase. 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But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."And if you’d like to get your hands on this, here you go, the complete breakdown. This page (NYSE:TRGP) was last updated on 12/21/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. 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