Targa Resources (TRGP) Preferred Dividend Payments (2010 - 2024)
Targa Resources' (TRGP) quarterly Preferred Dividend Payments came in at $2.3 million in Q2 2024, down 36.11% year-on-year from $3.6 million in Q3 2023, and up 4.55% sequentially from $2.2 million in Q1 2024.
Targa Resources (TRGP) Preferred Dividend Payments (2010 - 2024) Analysis & Trends
Targa Resources' Preferred Dividend Payments history runs 10 years deep, the most recent figure standing at $2.3 million for 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 came in at $2.3 million for Q2 2024 at Targa Resources, up from $2.2 million in the prior quarter.
- Over five years, Preferred Dividend Payments peaked at $22.9 million in Q1 2020 and troughed at $2.2 million in Q3 2023.
- The 5-year median for Preferred Dividend Payments is $21.8 million (2021), against an average of $15.6 million.
- The widest annual swing landed in 2020, when Preferred Dividend Payments changed 0.0%; it then slumped 62.39% in 2022.
- A 5-year view of Preferred Dividend Payments shows it 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.
- Per Business Quant data, the three most recent Preferred Dividend Payments figures were $2.3 million in Q2 2024, $2.2 million in Q1 2024, and $2.2 million in Q3 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Pref Dividends (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 78.03 Mn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | - |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | -1.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | - |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | - |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | - |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 68.00 Mn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 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 | 22.90 Mn |
| Sep 30, 2019 | 22.90 Mn |
| Jun 30, 2019 | 22.90 Mn |
| Mar 31, 2019 | 22.90 Mn |
| Dec 31, 2018 | 22.90 Mn |
| Sep 30, 2018 | 22.90 Mn |