← Targa Resources Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | ($254.2m) | ($233.7m) | $10.5b | $7.4b | $7.2b | $16.1b | $19.8b | $14.0b | $14.1b | $17.0b | |
| Cost of Revenue | — | — | $8.2b | $6.1b | $5.1b | $13.7b | $16.9b | $10.7b | $10.7b | $10.5b | |
| Gross Profit (derived) | $1.8b | $1.9b | $2.2b | $2.6b | $2.1b | $2.4b | $2.9b | $3.3b | $3.4b | $6.5b | |
| Operating expenses: | |||||||||||
| Operating Costs and Expenses | $553.7m | $622.9m | $722.0m | $792.9m | $779.8m | $747.0m | $912.8m | $1.1b | $1.2b | $1.3b | |
| Operating Income (Loss) | $55.8m | ($122.4m) | $237.5m | $192.9m | ($1.3b) | $864.8m | $1.7b | $2.6b | $2.7b | $3.3b | |
| Additional Financial Items | |||||||||||
| Taxes, Miscellaneous | $500k | $800k | $3.2m | $200k | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $156.1m | $188.2m | $182.6m | $171.6m | $144.0m | $131.0m | $242.2m | $384.0m | $373.2m | $326.0m | |
| Goodwill, Impairment Loss | $207.0m | $0 | $210.0m | $0 | — | — | — | — | — | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | — | — | — | $7.6m | $9.6m | $11.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($259.7m) | ($292.9m) | $65.9m | ($46.7m) | ($1.6b) | $436.9m | $1.7b | $1.9b | $1.9b | $2.5b | |
| Net Income (Loss) Attributable to Parent | ($187.3m) | $54.0m | $1.6m | ($209.2m) | ($1.6b) | $71.2m | $1.2b | $1.3b | $1.3b | $1.9b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $28.2m | $50.2m | $58.8m | $250.4m | $228.9m | $350.9m | $335.9m | $233.4m | $241.5m | $33.7m | |
| Earnings Per Share, Basic | ($1.80) | ($0.31) | ($0.53) | ($1.44) | ($7.26) | ($0.07) | $3.95 | $3.69 | $5.77 | $8.52 | |
| Earnings Per Share, Diluted | ($1.80) | ($0.31) | ($0.53) | ($1.44) | ($7.26) | ($0.07) | $3.88 | $3.66 | $5.74 | $8.49 | |
| Common Stock, Dividends, Per Share, Declared | — | $3.64 | $3.64 | $3.64 | $1.21 | $0.40 | $1.40 | $1.85 | $2.75 | $3.75 | |
| Preferred Stock, Dividends Per Share, Declared | — | — | $23.75 | $95.00 | $95.00 | $95.00 | $47.50 | — | — | — | |
| Weighted Average Number of Shares Outstanding, Basic | 154.4m | 206.9m | 224.2m | 232.5m | 232.2m | 228.6m | 227.3m | 224.6m | 220.2m | 216.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 154.4m | 206.9m | 224.2m | 232.5m | 232.2m | 228.6m | 231.1m | 226.0m | 221.3m | 216.9m | |
| General and Administrative Expense | $187.2m | $203.4m | $256.9m | $280.7m | $254.6m | $273.2m | $309.7m | $348.7m | $384.9m | $406.0m | |
| Other Nonoperating Income (Expense) | $1.2m | ($2.6m) | $100k | — | $3.4m | $500k | ($15.1m) | ($2.8m) | $1.2m | ($3.8m) | |
| Business Combination, Acquisition Related Costs | $27.3m | $27.3m | — | — | — | — | — | — | — | — | |
| Current Income Tax Expense (Benefit) | ($62.8m) | ($4.4m) | $0 | $0 | ($15.4m) | $2.7m | $6.7m | $13.6m | $17.5m | $13.1m | |
| Other Expenses | — | $700k | $400k | — | $2.6m | $100k | — | — | — | — | |
| Income Tax Expense (Benefit) | ($100.6m) | ($397.1m) | $5.5m | ($87.9m) | ($248.1m) | $14.8m | $131.8m | $363.2m | $384.5m | $529.7m | |
| Interest Income (Expense), Net | ($254.2m) | ($233.7m) | — | — | — | — | — | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | ($185.8m) | ($337.8m) | ($391.3m) | ($387.9m) | ($446.1m) | ($687.8m) | ($767.2m) | ($852.8m) | |
| Other Operating Income (Expense), Net | ($6.6m) | ($17.4m) | ($3.5m) | ($71.3m) | ($116.6m) | ($12.4m) | ($200k) | ($1.5m) | $400k | $30.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.