Targa Resources (Targa Resources) Shares Outstanding (Diluted Average)

: 225 Mil (As of Dec. 2023)

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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Targa Resources's average diluted shares outstanding for the quarter that ended in Dec. 2023 was 225 Mil.

Targa Resources Shares Outstanding (Diluted Average) Historical Data

The historical data trend for Targa Resources's Shares Outstanding (Diluted Average) 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shares Outstanding (Diluted Average)

232.50

232.20

228.60

231.10

226.00

Targa Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Shares Outstanding (Diluted Average)																229.90	229.30	226.80	225.10	224.50

Targa Resources Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Targa Resources (NYSE:TRGP) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Targa Resources Shares Outstanding (Diluted Average) Related Terms

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Targa Resources (Targa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (NYSE:TRGP) » Definitions » Shares Outstanding (Diluted Average)

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

TAR:Germany

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.

Executives

Robert Muraro	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Julie H. Boushka	officer: Senior VP and CAO	811 LOUISIANA, SUITE 2100, HOUSTON TX 77002
G Clark White	officer: EVP - Engineering & Operations	1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Regina Gregory	officer: See Remarks	2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042
D. Scott Pryor	officer: See Remarks	1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002
Paul W Chung	officer: EVP, Gen. Counsel & Secretary	TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002
Charles R Crisp	director	1301 MCKINNEY STE 700, HOUSTON TX 77010
Lindsey Cooksen	director	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Rene R Joyce	director	P.O. BOX 130430, HOUSTON TX 77219-0430
Jennifer R. Kneale	officer: Chief Financial Officer	811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002
Joe Bob Perkins	director, officer: Chief Executive Officer	TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002
Patrick J. Mcdonie	officer: See Remarks	110 W. 7TH STREET, SUITE 2300, TULSA OK 74119
Davis Waters S Iv	director	10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242
Redd Ershel C Jr	director	C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Chris Tong	director	600 E LAS COLINAS # 1100, IRVING TX 75019