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GuruFocus has detected 6 Warning Signs with Targa Resources Corp \$TRGP.
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Targa Resources Corp (NYSE:TRGP)
Pre-Tax Income
\$-260 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Targa Resources Corp's pretax income for the three months ended in Dec. 2016 was \$-237 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was \$-260 Mil. Targa Resources Corp's pretax margin was -11.80%.

During the past 9 years, Targa Resources Corp's highest Pretax Margin was 5.70%. The lowest was -3.88%. And the median was 2.20%.

Definition

This is the income that a company earns before paying income taxes.

Targa Resources Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = 55.8 + -61.3 + -254.2 + 0 + 0 = -260

Targa Resources Corp's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

 Pretax Income = Operating Income + Non-Recurring Items + Interest Expense + Interest Income + Other = -97.7 + -72.5 + -67.2 + 0 + 0 = -237

Targa Resources Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 2.4 (Mar. 2016 ) + -12.9 (Jun. 2016 ) + -11.9 (Sep. 2016 ) + -237.4 (Dec. 2016 ) = \$-260 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

Targa Resources Corp's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

 Pretax Margin = Pretax Income / Revenue = -237.4 / 2012.5 = -11.80%

During the past 9 years, Targa Resources Corp's highest Pretax Margin was 5.70%. The lowest was -3.88%. And the median was 2.20%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Targa Resources Corp Annual Data

 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Pretax Income 0 154 100 86 242 196 250 491 -112 -260

Targa Resources Corp Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Pretax Income 136 107 51 39 45 -247 2 -13 -12 -237
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