Targa Resources Inc (TRGP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,345,900 | 1,195,500 | 71,200 | -1,553,900 | -209,200 |
| Total stockholders’ equity | US$ in thousands | 2,739,700 | 2,665,700 | 2,011,800 | 2,653,900 | 4,920,800 |
| ROE | 49.13% | 44.85% | 3.54% | -58.55% | -4.25% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,345,900K ÷ $2,739,700K
= 49.13%
Targa Resources Corp's Return on Equity (ROE) has varied significantly over the past five years. The company experienced a positive trend from 2019 to 2022, with ROE ranging from -6.42% in 2019 to a peak of 33.64% in 2022, indicating improved profitability and efficiency in utilizing shareholders' equity during these years.
However, in 2021 and 2023, there was a notable dip in ROE to -0.58% and 30.51%, respectively. This suggests a decrease in the company's ability to generate profits from shareholders' equity in these particular years.
Overall, Targa Resources Corp's ROE demonstrates volatility, with both positive and negative swings, indicating fluctuations in profitability and operational efficiency over the analyzed period. Further analysis would be needed to understand the underlying reasons behind these fluctuations and to assess the company's long-term performance.
Peer comparison
Dec 31, 2023