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Targa Resources Corp (NYSE:TRGP)
Non-Recurring Items
$15 Mil (TTM As of Dec. 2013)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Targa Resources Corp's non-recurring items for the three months ended in Dec. 2013 was $5 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $15 Mil.

As of today, Targa Resources Corp's share price is $106.77. Targa Resources Corp's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2013 was $1.56. Therefore, Targa Resources Corp's P/E (NRI) ratio for today is 68.44.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Targa Resources Corp Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2013 was 1.4 (Mar. 2013 ) + 2 (Jun. 2013 ) + 7.3 (Sep. 2013 ) + 4.7 (Dec. 2013 ) = $15 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Targa Resources Corp's P/E (NRI) Ratio for today is calculated as

Targa Resources Corp's Share Price of today is $106.77.
Targa Resources Corp's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2013 was 0.32 (Mar. 2013 ) + 0.36 (Jun. 2013 ) + 0.39 (Sep. 2013 ) + 0.49 (Dec. 2013 ) = $1.56.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13
Non Operating Income 0000601513-1915

Targa Resources Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Non Operating Income -032-1-4-171275
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