Vmbook Online ordering

Gas Utilities

Targa Resources Corp. (TGS) is a publicly traded company in the U.S. that operates in the gas utilities sector. The company is engaged in the gathering, processing, and selling of natural gas and natural gas liquids (NGLs). Here is some general information about Targa Resources Corp., with a focus on its earnings, growth, and other relevant details:

1. Earnings: Targa Resources Corp. reported net income of $193 million in Q3 2021, compared to a net loss of $291 million in Q3 2020. The company's Q3 2021 net income represents a significant improvement over the same period in the previous year.

2. Growth: Targa Resources Corp. has reported solid growth in recent years, driven by the increasing demand for natural gas and NGLs. The company's revenue has increased from $3.2 billion in 2017 to $5.5 billion in 2020, representing a compound annual growth rate (CAGR) of 17.6%.

3. Dividends: Targa Resources Corp. pays a quarterly dividend to its shareholders. The company's current quarterly dividend is $0.915 per share, representing an annual dividend yield of 4.5%.

4. Operations: Targa Resources Corp. operates in three business segments: (1) Gathering and Processing, which includes the gathering, compression, treatment, and processing of natural gas and NGLs; (2) Downstream, which includes the fractionation, storage, and terminaling of NGLs; and (3) Gas Optimization and Power, which includes the optimization of the company's natural gas and NGLs portfolio and the marketing of third-party natural gas.

5. Valuation: As of March 8, 2023, Targa Resources Corp. has a market capitalization of $7.5 billion and a Price-to-Earnings (P/E) ratio of 14.8. The company's forward P/E ratio is 11.4, indicating that the stock is undervalued relative to its expected earnings.

Overall, Targa Resources Corp. is a well-established player in the gas utilities sector, with a strong track record of earnings growth and a solid dividend yield. The company's valuation suggests that it may be undervalued relative to its earnings potential. However, investors should conduct their own research and due diligence before making any investment decisions.