Targa Resources (TRGP) Current Taxes (2013 - 2020)
Targa Resources (TRGP) posted quarterly Current Taxes of $85.9 million for Q3 2020, up 7.51% year-over-year from $79.9 million in Q4 2019, and up 132.16% quarter-over-quarter from $37.0 million in Q1 2020.
Targa Resources (TRGP) Current Taxes (2013 - 2020) Analysis & Trends
Targa Resources (TRGP) has reported Current Taxes for 8 consecutive years, with $85.9 million the latest figure, recorded in Q3 2020.
- In Q3 2020, Current Taxes rose 7.51% year-over-year to $85.9 million; the TTM figure through Sep 2020 stood at $85.9 million (up 7.51% YoY), while the FY2019 annual figure was $62.4 million, up 30.82% from the prior year.
- Current Taxes advanced to $85.9 million in Q3 2020 per TRGP's latest filing, from $37.0 million in the prior quarter.
- Across five years, Current Taxes topped out at $90.4 million in Q3 2018 and bottomed at $19.1 million in Q1 2016.
- Historically, Current Taxes has averaged $48.7 million across 5 years, with a median of $46.4 million in 2017.
- Annual changes were most pronounced in 2016 — Current Taxes surged 80.6% — and 2019, when it slipped 11.62%.
- Targa Resources' Current Taxes stood at $24.2 million in 2016, then grew by 11.98% to $27.1 million in 2017, then soared by 76.01% to $47.7 million in 2018, then surged by 30.82% to $62.4 million in 2019, then soared by 37.66% to $85.9 million in 2020.
- Business Quant data shows TRGP's Current Taxes at $85.9 million in Q3 2020, $37.0 million in Q1 2020, and $62.4 million in Q4 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 216.00 Mn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | - |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | - |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | - |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | - |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | - |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | - |
| 10 | Venture Global | 34.39 Bn | 31.17 Bn | 2.92 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2020 | 85.90 Mn |
| Mar 31, 2020 | 37.00 Mn |
| Dec 31, 2019 | 62.40 Mn |
| Sep 30, 2019 | 79.90 Mn |
| Jun 30, 2019 | 61.50 Mn |
| Mar 31, 2019 | 40.50 Mn |
| Dec 31, 2018 | 47.70 Mn |
| Sep 30, 2018 | 90.40 Mn |
| Jun 30, 2018 | 58.50 Mn |
| Mar 31, 2018 | 29.50 Mn |
| Dec 31, 2017 | 27.10 Mn |
| Sep 30, 2017 | 61.20 Mn |
| Jun 30, 2017 | 45.00 Mn |
| Mar 31, 2017 | 22.60 Mn |
| Dec 31, 2016 | 24.20 Mn |
| Sep 30, 2016 | 49.60 Mn |
| Jun 30, 2016 | 34.80 Mn |
| Mar 31, 2016 | 19.10 Mn |
| Dec 31, 2015 | 13.40 Mn |
| Sep 30, 2015 | 42.80 Mn |