Targa Resources (TRGP) Asset Writedowns and Impairment (2015 - 2024)
Targa Resources (TRGP) reported Asset Writedowns and Impairment of $2.2 million for Q4 2024, up 144.4% from $900,000 a year earlier but down 21.4% from the prior quarter.
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Analysis
Targa Resources (TRGP) Asset Writedowns and Impairment (2015 - 2024) Analysis & Trends
For FY2024, Targa Resources posted Asset Writedowns and Impairment of $6.2 million, down 10.1% from FY2023.
- Asset Writedowns and Impairment has declined for four consecutive years, with a five-year compound annual growth rate of -51.3% (FY2019 to FY2024).
- By year, Asset Writedowns and Impairment came in at $6.9 million in FY2023 (-29.6%), $9.8 million in FY2022 (-97.8%), $452.3 million in FY2021 (-81.5%) and $2.44 billion in FY2020 (+984.2%).
- Five-year quarterly Asset Writedowns and Impairment spans a low of $200,000 in Q2 2024 and a high of $2.44 billion in Q1 2020.
- Year over year, Asset Writedowns and Impairment gained in five of the last eight quarters, with growth averaging 38.8%.
- The high point for year-over-year Asset Writedowns and Impairment in five years was Q3 2022 (growth of 440.0%); the low point was Q1 2021 (a decline of 99.9%).
- Per Business Quant data, the three quarters before Q4 2024 came in at $2.8 million (Q3 2024), $200,000 (Q2 2024) and $1 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn |
| 10 | Oneok | 55.40 Bn | 53.89 Bn | 2.81 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 2.20 Mn |
| Sep 30, 2024 | 2.80 Mn |
| Jun 30, 2024 | 200,000.00 |
| Mar 31, 2024 | 1.00 Mn |
| Dec 31, 2023 | 900,000.00 |
| Sep 30, 2023 | 3.40 Mn |
| Jun 30, 2023 | 1.70 Mn |
| Mar 31, 2023 | 900,000.00 |
| Dec 31, 2022 | 6.10 Mn |
| Sep 30, 2022 | 2.70 Mn |
| Jun 30, 2022 | 500,000.00 |
| Mar 31, 2022 | 500,000.00 |
| Dec 31, 2021 | 452.30 Mn |
| Sep 30, 2021 | 500,000.00 |
| Jun 30, 2021 | 1.10 Mn |
| Mar 31, 2021 | 3.50 Mn |
| Sep 30, 2020 | 13.50 Mn |
| Mar 31, 2020 | 2.44 Bn |
| Dec 31, 2019 | 207.40 Mn |
| Sep 30, 2019 | 17.90 Mn |
API Access
Targa Resources Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();