Targa Resources Inc (TRGP)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,626,200 | 2,542,300 | 2,467,200 | 2,270,000 | 1,729,100 | 1,086,100 | 1,022,600 | 816,500 | 864,800 | 1,221,600 | 1,150,600 | 1,117,900 | -1,303,700 | -1,592,600 | -1,846,500 | -1,945,900 | 192,900 | 135,700 | 170,800 | 212,500 |
| 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 |
| Operating profit margin | 16.35% | 15.52% | 13.83% | 11.08% | 8.26% | 4.98% | 4.89% | 4.47% | 5.10% | 8.68% | 9.80% | 11.36% | -15.78% | -19.51% | -23.23% | -23.11% | 2.22% | 1.54% | 1.73% | 2.06% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,626,200K ÷ $16,060,300K
= 16.35%
Based on the data provided for Targa Resources Corp's operating profit margin over the past eight quarters, we observe a consistent upward trend in the margins. The operating profit margin increased steadily from 6.85% in Q1 2022 to 16.36% in Q4 2023.
This positive trend indicates an improvement in the company's efficiency in managing its operating expenses in relation to its revenue generation over time. The increasing profitability reflected in the rising operating profit margins suggests that Targa Resources Corp has been successful in controlling its costs and optimizing its operations.
The steady growth in operating profit margin highlights Targa Resources Corp's ability to enhance operational performance and generate more earnings from its core business activities. This improvement can be attributed to effective cost management strategies, revenue growth initiatives, and operational efficiencies implemented by the company during the period under review.
Overall, the consistent increase in Targa Resources Corp's operating profit margin demonstrates the company's improving profitability and operational effectiveness, which are positive indicators for investors and stakeholders.
Peer comparison
Dec 31, 2023