Targa Resources (STU:TAR) Scaled Net Operating Assets : 0.85 (As of Mar. 2024)

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What is Targa Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Targa Resources's operating assets for the quarter that ended in Mar. 2024 was €19,077 Mil. Targa Resources's operating liabilities for the quarter that ended in Mar. 2024 was €2,885 Mil. Targa Resources's Total Assets for the quarter that ended in Dec. 2023 was €18,956 Mil. Therefore, Targa Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.85.

Targa Resources Scaled Net Operating Assets Historical Data

The historical data trend for Targa Resources's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Targa Resources Scaled Net Operating Assets Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.97

0.65

0.79

1.15

0.87

Targa Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.83	0.87	0.90	0.85	0.85

Competitive Comparison of Targa Resources's Scaled Net Operating Assets

For the Oil & Gas Midstream subindustry, Targa Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Targa Resources's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Targa Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Targa Resources's Scaled Net Operating Assets falls into.

Targa Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Targa Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(18826.102	-	2798.134)	/	18464.64
=	0.87

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	18956.041	-	129.939
=	18826.102

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14728.671	-	11361.355	-	569.182
=	2798.134

Targa Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(19077.304	-	2885.028)	/	18956.041
=	0.85

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	19178.412	-	101.108
=	19077.304

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	14967.02	-	11579.58	-	502.412
=	2885.028

Targa Resources Scaled Net Operating Assets Related Terms

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Targa Resources (STU:TAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (STU:TAR) » Definitions » Scaled Net Operating Assets

Comparable Companies

CQP PAA WES AM ENLC DTM FRO ETRN PAGP STNG TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP TSX:PPL

Traded in Other Exchanges

TRGP:USA

Address

811 Louisiana Street, Suite 2100, Houston, TX, USA, 77002

Website

https://www.targaresources.com

Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.

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