Targa Resources Corp（TRGP）の決算・業績分析
Targa Resources Corpの2025年有価証券報告書をAI分析。売上高$17.0B(+20.5%)。営業利益$3.3B。Utilities。
目次
Targa Resources Corpの2025年度 業績サマリー
Targa Resources Corp（証券コード: TRGP）の2025年度決算・業績分析。売上高は$17.0B（前年比+20.5%）。営業利益は$3.3B（前年比+23.6%）。純利益は$1.9B（前年比+46.6%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Targa Resources Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- TRGP achieved a 23.2% YoY revenue increase to $19.8B (XBRL), driven by strong operating income growth (+99.9% YoY to $1.7B) and a 1579.1% YoY surge in net income to $1.2B (XBRL).
- ROE reached 43.6% (XBRL), reflecting efficient asset utilization (asset turnover: 1.01x) and strategic infrastructure in key regions (10-K).
- Net debt stands at $12.8B (4.5x EBITDA) (XBRL), highlighting leverage risks despite robust cash flow ($2.4B operating CF).
Targa Resources Corpの売上高変化の要因
- •Revenue grew 23.2% YoY to $19.8B (XBRL), with historical growth of +11.4% CAGR over 5 years. Operating income surged 99.9% YoY to $1.7B, reflecting improved margins (8.7% operating margin). Segment-specific revenue data is not disclosed in XBRL, but expansion projects and efficient operations are cited as growth drivers (10-K).
Targa Resources Corpの営業利益変化の要因
- •Operating margin expanded to 8.7% (XBRL), with net margin at 6.0%. Net income skyrocketed 1579.1% YoY to $1.2B, driven by cost control and higher volumes. Five-year CAGR for net income is 284.6% (XBRL).
Targa Resources Corpの事業リスクと対応
Commodity price volatility risks: Cash flow depends on natural gas, NGL, and crude oil prices (10-K).
Demand/supply risks: Reduced NGL demand or oversupply could harm operations (10-K).
Production decline risks: Long-term success depends on securing new supply sources (10-K).
Competitive pressures: Intense industry competition could hurt business (10-K).
Third-party infrastructure risks: Unavailability of pipelines/facilities could reduce revenues (10-K).
Targa Resources Corpの事業内容
Targa Resources Corp. operates in the midstream energy sector, generating revenue through gathering, processing, transporting, and selling natural gas, NGLs, and crude oil (10-K). Its two primary segments are (1) Gathering and Processing (natural gas, crude oil) and (2) Logistics and Transportation (NGLs, fractionation, storage, and marketing) (10-K). Competitive advantages include strategic infrastructure in key regions (Permian Basin, Mont Belvieu) and recent expansion projects (10-K). High ROE (43.6%) and asset turnover (1.01x) (XBRL) underscore operational efficiency.
Targa Resources CorpのAI業績分析レポート（2024年度）
Targa Resources Corp. (TRGP) FY2024 Annual Report Analysis
Highlights
Business Overview
Targa Resources Corp. operates in the midstream energy sector, generating revenue through gathering, processing, transporting, and selling natural gas, NGLs, and crude oil (10-K). Its two primary segments are (1) Gathering and Processing (natural gas, crude oil) and (2) Logistics and Transportation (NGLs, fractionation, storage, and marketing) (10-K). Competitive advantages include strategic infrastructure in key regions (Permian Basin, Mont Belvieu) and recent expansion projects (10-K). High ROE (43.6%) and asset turnover (1.01x) (XBRL) underscore operational efficiency.
Revenue Analysis
Revenue grew 23.2% YoY to $19.8B (XBRL), with historical growth of +11.4% CAGR over 5 years. Operating income surged 99.9% YoY to $1.7B, reflecting improved margins (8.7% operating margin). Segment-specific revenue data is not disclosed in XBRL, but expansion projects and efficient operations are cited as growth drivers (10-K).
Profitability Analysis
Operating margin expanded to 8.7% (XBRL), with net margin at 6.0%. Net income skyrocketed 1579.1% YoY to $1.2B, driven by cost control and higher volumes. Five-year CAGR for net income is 284.6% (XBRL).
Balance Sheet Analysis
Equity ratio is 14.0% (XBRL), with long-term debt at $13.0B and net debt of $12.8B (4.5x EBITDA). Current ratio is 0.79x (XBRL), indicating potential liquidity challenges. Cash balances are low at $142M (XBRL).
Cash Flow Analysis
Operating cash flow rose to $2.4B (XBRL), with $1.0B free cash flow (FCF) after $1.3B CapEx. Share repurchases totaled $225M (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) is 1 day (XBRL), with receivables days at 27, inventory days at 8, and payables days at 34.
Risks
Outlook
N/A (10-K does not provide management guidance or forward-looking trends).
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