Targa Resources Inc
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas;… Read more
Targa Resources Inc (TRGP) - Net Assets
Latest net assets as of September 2025: $2.83 Billion USD
Based on the latest financial reports, Targa Resources Inc (TRGP) has net assets worth $2.83 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.17 Billion) and total liabilities ($21.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.83 Billion |
| % of Total Assets | 11.72% |
| Annual Growth Rate | 11.08% |
| 5-Year Change | -25.16% |
| 10-Year Change | -29.31% |
| Growth Volatility | 38.1 |
Targa Resources Inc - Net Assets Trend (2008–2024)
This chart illustrates how Targa Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Targa Resources Inc (2008–2024)
The table below shows the annual net assets of Targa Resources Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.42 Billion | -4.16% |
| 2023-12-31 | $4.61 Billion | -7.47% |
| 2022-12-31 | $4.98 Billion | -3.79% |
| 2021-12-31 | $5.18 Billion | -12.27% |
| 2020-12-31 | $5.90 Billion | -30.08% |
| 2019-12-31 | $8.44 Billion | +13.01% |
| 2018-12-31 | $7.47 Billion | +7.15% |
| 2017-12-31 | $6.97 Billion | +17.87% |
| 2016-12-31 | $5.92 Billion | -5.36% |
| 2015-12-31 | $6.25 Billion | +146.11% |
| 2014-12-31 | $2.54 Billion | +21.44% |
| 2013-12-31 | $2.09 Billion | +19.27% |
| 2012-12-31 | $1.75 Billion | +31.77% |
| 2011-12-31 | $1.33 Billion | +28.43% |
| 2010-12-31 | $1.04 Billion | +37.25% |
| 2009-12-31 | $754.90 Million | -8.16% |
| 2008-12-31 | $822.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Targa Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 130510000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.19 Billion | 45.90% |
| Common Stock | $200.00K | 0.01% |
| Other Comprehensive Income | $27.50 Million | 1.06% |
| Other Components | $1.37 Billion | 53.03% |
| Total Equity | $2.59 Billion | 100.00% |
Targa Resources Inc Competitors by Market Cap
The table below lists competitors of Targa Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BASF SE NA O.N.
OTCQX:BFFAF
|
$47.09 Billion |
|
Comfort Systems USA Inc
NYSE:FIX
|
$47.20 Billion |
|
United Rentals Inc
NYSE:URI
|
$47.22 Billion |
|
Danone SA
PA:BN
|
$47.46 Billion |
|
Teradyne Inc
NASDAQ:TER
|
$46.73 Billion |
|
Reckitt Benckiser Group PLC
PINK:RBGPF
|
$46.53 Billion |
|
Kroger Company
NYSE:KR
|
$46.45 Billion |
|
IDEXX Laboratories Inc
NASDAQ:IDXX
|
$46.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Targa Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,739,700,000 to 2,592,400,000, a change of -147,300,000 (-5.4%).
- Net income of 1,269,500,000 contributed positively to equity growth.
- Dividend payments of 615,500,000 reduced retained earnings.
- Share repurchases of 754,700,000 reduced equity.
- Other comprehensive income decreased equity by 58,100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.27 Billion | +48.97% |
| Dividends Paid | $615.50 Million | -23.74% |
| Share Repurchases | $754.70 Million | -29.11% |
| Other Comprehensive Income | $-58.10 Million | -2.24% |
| Other Changes | $11.50 Million | +0.44% |
| Total Change | $- | -5.38% |
Book Value vs Market Value Analysis
This analysis compares Targa Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 20.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 75.63x to 20.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $3.18 | $240.84 | x |
| 2009-12-31 | $2.07 | $240.84 | x |
| 2010-12-31 | $3.45 | $240.84 | x |
| 2011-12-31 | $3.82 | $240.84 | x |
| 2012-12-31 | $3.45 | $240.84 | x |
| 2013-12-31 | $3.53 | $240.84 | x |
| 2014-12-31 | $4.03 | $240.84 | x |
| 2015-12-31 | $27.26 | $240.84 | x |
| 2016-12-31 | $29.45 | $240.84 | x |
| 2017-12-31 | $30.82 | $240.84 | x |
| 2018-12-31 | $27.12 | $240.84 | x |
| 2019-12-31 | $21.16 | $240.84 | x |
| 2020-12-31 | $11.43 | $240.84 | x |
| 2021-12-31 | $8.80 | $240.84 | x |
| 2022-12-31 | $11.53 | $240.84 | x |
| 2023-12-31 | $12.12 | $240.84 | x |
| 2024-12-31 | $11.71 | $240.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Targa Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 48.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.64%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 8.77x
- Recent ROE (48.97%) is above the historical average (15.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.69% | 0.47% | 2.20x | 27.04x | $23.83 Million |
| 2009 | 33.52% | 0.65% | 1.35x | 38.53x | $20.56 Million |
| 2010 | -10.40% | -0.27% | 1.61x | 23.52x | $-29.43 Million |
| 2011 | 19.42% | 0.44% | 1.83x | 24.23x | $14.89 Million |
| 2012 | 26.44% | 0.65% | 1.14x | 35.43x | $23.69 Million |
| 2013 | 43.75% | 1.00% | 1.08x | 40.65x | $50.22 Million |
| 2014 | 60.25% | 1.19% | 1.34x | 38.01x | $85.32 Million |
| 2015 | 3.99% | 0.89% | 0.50x | 9.07x | $-87.84 Million |
| 2016 | -3.44% | -2.82% | 0.52x | 2.37x | $-731.24 Million |
| 2017 | 0.85% | 0.61% | 0.62x | 2.26x | $-583.68 Million |
| 2018 | 0.03% | 0.02% | 0.62x | 2.79x | $-606.34 Million |
| 2019 | -4.25% | -2.41% | 0.46x | 3.82x | $-701.28 Million |
| 2020 | -58.55% | -18.78% | 0.52x | 5.98x | $-1.82 Billion |
| 2021 | 3.54% | 0.41% | 1.15x | 7.56x | $-129.98 Million |
| 2022 | 42.85% | 5.27% | 1.11x | 7.34x | $875.73 Million |
| 2023 | 30.23% | 5.30% | 0.76x | 7.55x | $554.23 Million |
| 2024 | 48.97% | 7.64% | 0.73x | 8.77x | $1.01 Billion |
Industry Comparison
This section compares Targa Resources Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Targa Resources Inc (TRGP) | $2.83 Billion | 27.69% | 7.53x | $46.85 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |