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Targa Resources Corp (NYSE:TRGP)
Pretax Income
$424 Mil (TTM As of Jun. 2014)

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 Jun. 2014 was $119 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2014 was $424 Mil. Targa Resources Corp's pretax margin was 5.76%.

During the past 6 years, Targa Resources Corp's highest Pretax Margin was 3.81%. The lowest was 1.57%. And the median was 2.77%.


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. 2013 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=368.2+15.4+0+0+-134.1
=250

Targa Resources Corp's Pretax Income for the quarter that ended in Jun. 2014 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=150.3+4.1+0+0+-35.7
=119

Targa Resources Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2014 was 62.4 (Sep. 2013 ) + 113.6 (Dec. 2013 ) + 129.4 (Mar. 2014 ) + 118.7 (Jun. 2014 ) = $424 Mil.

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


Explanation

Targa Resources Corp's Pretax Margin for the quarter that ended in Jun. 2014 is calculated as

Pretax Margin=Pretax Income/Revenue
=118.7/2061.9
=5.76%

During the past 6 years, Targa Resources Corp's highest Pretax Margin was 3.81%. The lowest was 1.57%. And the median was 2.77%.

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


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


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
Pretax Income 000015410086242196250

Targa Resources Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Pretax Income 79522540433162114129119
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