NYSE$TRGP

Targa Resources Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Headline financials

Total Revenue

$4.52B

Previous: $4.96B-8.8%
EPS (adj)

$0.03

Previous: $0.06-50.0%
Capital Expenditures

-$476M

Previous: -$204M-132.7%
Free Cash Flow

$21.3M

Previous: -$116M+118.3%
Net Income

$497M

Previous: $88M+464.8%
Operating Income

$837M

Previous: $296M+182.9%
Gross Profit

$1.5B

Previous: $755M+98.9%
Cash & Equivalents

$212M

Previous: $136M+55.8%
Total Assets

$19B

Previous: $15.3B+24.4%
Stock-Based Comp

$15M

Previous: $13.5M+11.1%

Revenue & EPS history

Targa Resources · Revenue · Quarterly

$4.52B

Q1 2023-8.8%vs Q1 2022
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

Targa Resources · $5.96B total across 3 segments · Q1 2023

  • Logistics and Transportation
    $3.83B-22.4%
  • Gathering and Processing
    $1.96B-17.7%
  • Other
    $176M+198.6%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.7%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+4.8%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+18.4%

Q1 2020

Best reaction

-13.9%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+0.3%+5.8%
Q4 2025-0.6%+1.8%+4.3%
Q3 2025+5.2%+9.6%+16.9%
Q2 2025+2.4%+3.1%-0.4%
Q1 2025-5.0%-7.9%-7.6%
Q4 2024-2.7%-7.3%-6.1%
Q3 2024+10.0%+13.6%+17.2%
Q2 2024-3.5%-2.7%+8.6%
Q1 2024-0.1%+0.4%+5.2%
Q4 2023+9.7%+9.1%+20.0%
Q3 2023+4.7%+1.6%+7.1%
Q2 2023+1.6%+2.0%+7.8%
Q1 2023+0.7%-0.3%+0.1%
Q4 2022+4.3%+2.7%-7.9%
Q3 2022+5.0%+7.7%+12.2%
Q2 2022-5.7%-0.9%+3.0%
Q1 2022-3.3%-12.8%-0.9%
Q4 2021+4.3%+7.2%+23.7%
Q3 2021+3.1%+4.1%-6.8%
Q2 2021+3.5%+7.2%+8.8%
Q1 2021+4.9%+3.1%+27.0%
Q4 2020-3.3%+1.1%+4.7%
Q3 2020+1.4%+21.1%+58.6%
Q2 2020-2.7%-2.7%-18.9%
Q1 2020+18.4%+23.7%+100.8%
Q4 2019+5.9%-3.5%-80.2%
Q3 2019+1.1%-1.7%-9.2%
Q2 2019+5.1%+4.2%+9.9%
Q1 2019-1.3%+1.2%-2.2%
Q4 2018-12.2%-13.6%-15.0%
Q3 2018-4.6%-9.7%-15.9%
Q2 2018+1.5%+0.5%+1.5%
Q1 2018-3.0%-0.1%+2.9%
Q4 2017+0.2%-0.1%-0.2%
Q3 2017+4.5%+5.4%+5.2%
Q2 2017-0.4%-4.8%-3.2%
Q1 2017-8.4%-10.4%-17.3%
Q4 2016-1.3%-1.0%-4.8%
Q3 2016+5.4%+4.2%+19.8%
Q2 2016+8.2%+12.5%+17.9%
Q1 2016+0.5%
Q4 2015+15.5%
Q3 2015-13.9%
Q2 2015-7.3%
Q1 2015-3.6%
Q4 2014+6.2%
Q3 2014-6.2%
Q2 2014+4.5%
Q1 2014-1.5%
Q4 2013+2.2%
Q3 2013-0.3%
Q2 2013+1.4%
Q1 2013+3.4%
Q4 2012+2.1%
Q3 2012-2.3%
Q2 2012+1.2%
Q4 2011-0.0%
Q1 2012-0.0%
Q1 2011-1.6%
Q3 2010+1.8%
Q3 2011+1.8%
Q4 2010-5.0%
Q2 2011-5.0%
Q2 2010-5.0%
Q1 2010

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