Targa Resources TRGP reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Targa Resources missed estimated earnings by 97.86%, reporting an EPS of $0.03 versus an estimate of $1.4.
Revenue was down $438.10 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 1.2% increase in the share price the next day.
Here's a look at Targa Resources's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.22 | 1.07 | 0.86 |
| EPS Actual | 1.38 | 0.84 | 1.61 | 0.06 |
| Revenue Estimate | 6.01B | 6.86B | 5.87B | 4.87B |
| Revenue Actual | 4.55B | 5.36B | 6.06B | 4.96B |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.22 | 1.07 | 0.86 |
| EPS Actual | 1.38 | 0.84 | 1.61 | 0.06 |
| Revenue Estimate | 6.01B | 6.86B | 5.87B | 4.87B |
| Revenue Actual | 4.55B | 5.36B | 6.06B | 4.96B |
To track all earnings releases for Targa Resources visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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