Targa Resources (TRGP) Asset Writedowns and Impairment (2017 - 2024)
Targa Resources (TRGP) posted quarterly Asset Writedowns and Impairment of $2.2 million for Q4 2024, up 144.44% year-over-year from $900000.0 in Q1 2024, and down 21.43% quarter-over-quarter from $2.8 million in Q3 2024.
Targa Resources (TRGP) Asset Writedowns and Impairment (2017 - 2024) Analysis & Trends
Targa Resources (TRGP) has reported Asset Writedowns and Impairment for 7 consecutive years, with $2.2 million the latest figure, recorded in Q4 2024.
- In Q4 2024, Asset Writedowns and Impairment rose 144.44% year-over-year to $2.2 million; the TTM figure through Dec 2024 stood at $6.2 million (down 10.14% YoY), while the FY2024 annual figure was $6.2 million, down 10.14% from the prior year.
- Asset Writedowns and Impairment eased to $2.2 million in Q4 2024 per TRGP's latest filing, from $2.8 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $2.4 billion in Q1 2020 and bottomed at $200000.0 in Q2 2024.
- Historically, Asset Writedowns and Impairment has averaged $163.1 million across 5 years, with a median of $2.0 million in 2023.
- Annual changes were most pronounced in 2021 — Asset Writedowns and Impairment slumped 99.86% — and 2022, when it soared 440.0%.
- Targa Resources' Asset Writedowns and Impairment stood at $13.5 million in 2020, then soared by 3250.37% to $452.3 million in 2021, then sank by 98.65% to $6.1 million in 2022, then slumped by 85.25% to $900000.0 in 2023, then soared by 144.44% to $2.2 million in 2024.
- Business Quant data shows TRGP's Asset Writedowns and Impairment at $2.2 million in Q4 2024, $2.8 million in Q3 2024, and $200000.0 in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn |
| 3 | Enterprise Products Partners | 83.42 Bn | 82.51 Bn | - |
| 4 | Energy Transfer | 72.55 Bn | 71.52 Bn | 7.40 Bn |
| 5 | Tc Energy | 66.17 Bn | 58.61 Bn | 1.24 Bn |
| 6 | Mplx | 60.16 Bn | 59.13 Bn | 2.73 Bn |
| 7 | Oneok | 60.05 Bn | 59.89 Bn | 2.81 Bn |
| 8 | Targa Resources | 59.27 Bn | 59.14 Bn | 2.14 Bn |
| 9 | Cheniere Energy | 56.13 Bn | 54.88 Bn | 5.29 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 2.20 Mn |
| Dec 31, 2024 | 2.20 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Jun 30, 2024 | 200,000.00 |
| Jun 30, 2024 | 200,000.00 |
| Mar 31, 2024 | 1.00 Mn |
| Mar 31, 2024 | 1.00 Mn |
| Dec 31, 2023 | 900,000.00 |
| Dec 31, 2023 | 900,000.00 |
| Sep 30, 2023 | 3.40 Mn |
| Sep 30, 2023 | 3.40 Mn |
| Jun 30, 2023 | 1.70 Mn |
| Jun 30, 2023 | 1.70 Mn |
| Mar 31, 2023 | 900,000.00 |
| Mar 31, 2023 | 900,000.00 |
| Dec 31, 2022 | 6.10 Mn |
| Dec 31, 2022 | 6.10 Mn |
| Sep 30, 2022 | 2.70 Mn |
| Sep 30, 2022 | 2.70 Mn |