Targa Resources (TRGP) Preferred Dividend Payments (2010 - 2024)
Targa Resources (TRGP) posted quarterly Preferred Dividend Payments of $2.3 million for Q2 2024, down 36.11% year-over-year from $3.6 million in Q3 2023, and up 4.55% quarter-over-quarter from $2.2 million in Q1 2024.
Targa Resources (TRGP) Preferred Dividend Payments (2010 - 2024) Analysis & Trends
Targa Resources (TRGP) has reported Preferred Dividend Payments for 10 consecutive years, with $2.3 million the latest figure, recorded in Q2 2024.
- In Q2 2024, Preferred Dividend Payments fell 36.11% year-over-year to $2.3 million; the TTM figure through Jun 2024 stood at $10.3 million (down 12.71% YoY), while the FY2022 annual figure was $30.0 million, down 65.64% from the prior year.
- Preferred Dividend Payments improved to $2.3 million in Q2 2024 per TRGP's latest filing, from $2.2 million in the prior quarter.
- Across five years, Preferred Dividend Payments topped out at $22.9 million in Q1 2020 and bottomed at $2.2 million in Q3 2023.
- Historically, Preferred Dividend Payments has averaged $15.6 million across 5 years, with a median of $21.8 million in 2021.
- Annual changes were most pronounced in 2020 — Preferred Dividend Payments soared 127.96% — and 2022, when it sank 62.39%.
- Targa Resources' Preferred Dividend Payments stood at $22.9 million in 2020, then declined by 4.8% to $21.8 million in 2021, then tumbled by 62.39% to $8.2 million in 2022, then sank by 73.17% to $2.2 million in 2023, then increased by 4.55% to $2.3 million in 2024.
- Business Quant data shows TRGP's Preferred Dividend Payments at $2.3 million in Q2 2024, $2.2 million in Q1 2024, and $2.2 million in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Pref Dividends (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | - |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 75.91 Mn |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | - |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 59.00 Mn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 61.45 Mn |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | - |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | - |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | - |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | - |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 67.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 2.30 Mn |
| Mar 31, 2024 | 2.20 Mn |
| Sep 30, 2023 | 2.20 Mn |
| Jun 30, 2023 | 3.60 Mn |
| Jun 30, 2022 | 8.20 Mn |
| Mar 31, 2022 | 21.80 Mn |
| Dec 31, 2021 | 21.80 Mn |
| Sep 30, 2021 | 21.80 Mn |
| Jun 30, 2021 | 21.80 Mn |
| Mar 31, 2021 | 21.80 Mn |
| Dec 31, 2020 | 22.90 Mn |
| Sep 30, 2020 | 22.90 Mn |
| Jun 30, 2020 | 22.90 Mn |
| Mar 31, 2020 | 22.90 Mn |
| Dec 31, 2019 | -81.90 Mn |
| Sep 30, 2019 | 22.90 Mn |
| Jun 30, 2019 | 22.90 Mn |
| Mar 31, 2019 | 22.90 Mn |
| Dec 31, 2018 | 1.40 Mn |
| Sep 30, 2018 | 30.30 Mn |