TARGA RESOURCES CORP. (TRGP) FY2024 Q3 P&L / Income Statement

TARGA RESOURCES CORP. (TRGP) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Business segment (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

3,851,800,000 US dollars

Operating costs, net of other operating items (calculated)

3,123,600,000 US dollars

Income (loss) from operations

728,200,000 US dollars

Other income (expense), net (calculated)

negative 183,100,000 US dollars

Income (loss) before income taxes

545,100,000 US dollars

Income tax (expense) benefit

97,000,000 US dollars

Net income (loss)

448,100,000 US dollars

Gathering and Processing

1,566,700,000 US dollars

Logistics and Transportation

3,224,400,000 US dollars

Operating expenses

301,000,000 US dollars

Product purchases and fuel

2,365,000,000 US dollars

Depreciation and amortization expense

355,400,000 US dollars

General and administrative expense

102,600,000 US dollars

Other operating (income) expense

negative 400,000 US dollars

Revenue before reconciliation (calculated)

4,791,100,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Other

negative 17,700,000 US dollars. Reported reconciliation to consolidated revenue.

Corporate and Eliminations

negative 921,600,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to TARGA RESOURCES CORP.: $387.40 M; to noncontrolling interests: $60.70 M.