Targa Resources Inc (TRGP)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,345,900 | 1,364,300 | 1,337,400 | 1,604,500 | 1,195,500 | 563,900 | 553,000 | 12,800 | 71,200 | 418,400 | 305,500 | 330,300 | -1,553,900 | -1,700,300 | -1,816,900 | -1,908,100 | -209,200 | -203,000 | -179,400 | -60,100 |
| Revenue (ttm) | US$ in thousands | 16,060,300 | 16,375,600 | 17,839,100 | 20,491,200 | 20,929,800 | 21,816,600 | 20,916,200 | 18,276,300 | 16,949,900 | 14,081,100 | 11,736,500 | 9,844,100 | 8,260,300 | 8,161,400 | 7,948,800 | 8,420,600 | 8,671,100 | 8,794,800 | 9,878,700 | 10,327,800 |
| Net profit margin | 8.38% | 8.33% | 7.50% | 7.83% | 5.71% | 2.58% | 2.64% | 0.07% | 0.42% | 2.97% | 2.60% | 3.36% | -18.81% | -20.83% | -22.86% | -22.66% | -2.41% | -2.31% | -1.82% | -0.58% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,345,900K ÷ $16,060,300K
= 8.38%
The net profit margin of Targa Resources Corp has shown a generally improving trend over the recent quarters, increasing from 1.01% in Q3 2022 to 5.20% in Q4 2023. This indicates that the company has been able to effectively control its costs and expenses relative to its revenue, resulting in a higher proportion of each dollar of sales translating into profits. The positive progression suggests improving operational efficiency and potentially stronger financial health. However, the negative net profit margin in Q1 2022 (-0.70%) raises some concerns, indicating that the company may have incurred losses during that period. Overall, the trend in Targa Resources Corp's net profit margin demonstrates management's efforts to enhance profitability and effectiveness in utilizing its resources.
Peer comparison
Dec 31, 2023