Targa Resources Inc (TRGP)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 2,739,700 | 2,506,100 | 2,675,200 | 2,550,700 | 2,665,700 | 2,384,500 | 2,069,900 | 1,697,000 | 2,011,800 | 2,185,100 | 2,186,200 | 2,296,700 | 2,653,900 | 2,835,000 | 2,917,600 | 3,026,300 | 4,920,800 | 5,318,400 | 5,542,300 | 5,756,300 |
| ROE | 49.13% | 54.44% | 49.99% | 62.90% | 44.85% | 23.65% | 26.72% | 0.75% | 3.54% | 19.15% | 13.97% | 14.38% | -58.55% | -59.98% | -62.27% | -63.05% | -4.25% | -3.82% | -3.24% | -1.04% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,345,900K ÷ $2,739,700K
= 49.13%
Based on the data provided, Targa Resources Corp's return on equity (ROE) has been positive in all quarters shown. The company's ROE has been relatively stable over the past eight quarters, ranging from a low of -5.22% in Q1 2022 to a high of 34.89% in Q1 2023.
Generally, a higher ROE indicates that a company is generating more profit with its shareholders' equity, which is favorable for investors. Targa Resources Corp's ROE has shown significant improvement from negative territory to double-digit positive figures in recent quarters, reflecting potentially better management of assets and higher profitability.
It is worth noting that the company's ROE has experienced some fluctuations over the quarters, which may be influenced by various factors such as changes in revenue, expenses, or capital structure. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial performance and sustainability of its returns.
Peer comparison
Dec 31, 2023