Targa Resources (STU:TAR) ROE % Adjusted to Book Value : 4.41% (As of Mar. 2024)

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What is Targa Resources ROE % Adjusted to Book Value?

Targa Resources's ROE % for the quarter that ended in Mar. 2024 was 40.51%. Targa Resources's PB Ratio for the quarter that ended in Mar. 2024 was 9.18. Targa Resources's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 was 4.41%.

Targa Resources ROE % Adjusted to Book Value Historical Data

The historical data trend for Targa Resources's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Targa Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE % Adjusted to Book Value

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-2.04

-17.57

0.54

8.54

7.14

Targa Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															11.92	7.97	4.37	6.57	4.41

Competitive Comparison of Targa Resources's ROE % Adjusted to Book Value

For the Oil & Gas Midstream subindustry, Targa Resources's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Targa Resources's ROE % Adjusted to Book Value Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Targa Resources's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Targa Resources's ROE % Adjusted to Book Value falls into.

Targa Resources ROE % Adjusted to Book Value Calculation

Targa Resources's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	49.09%	/	6.88
	=	7.14%

Targa Resources's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	40.51%	/	9.18
	=	4.41%

Targa Resources ROE % Adjusted to Book Value Related Terms

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Targa Resources (STU:TAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Targa Resources Corp (STU:TAR) » Definitions » ROE % Adjusted to Book Value

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

TRGP:USA

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.

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