Targa Resources (TRGP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2025, Targa Resources, Inc. (TRGP) reported revenue of $4.56 billion, down 0% over the same period last year. EPS came in at $0.91, compared to $1.22 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.31 billion, representing a surprise of -14.12%. The company delivered an EPS surprise of -55.39%, with the consensus EPS estimate being $2.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Targa Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Gathering and Processing - NGL sales per day: 570.2 millions of barrels of oil versus the two-analyst average estimate of 577.97 millions of barrels of oil. Gathering and Processing - Gross NGL production - Coastal: 32.7 millions of barrels of oil per day versus the two-analyst average estimate of 31.89 millions of barrels of oil per day. Gathering and Processing - Condensate sales per day: 18.1 millions of barrels of oil versus 20.5 millions of barrels of oil estimated by two analysts on average. Logistics and Marketing - NGL sales: 1186.4 millions of barrels of oil per day versus 1198.95 millions of barrels of oil per day estimated by two analysts on average. Logistics and Marketing - Export volumes: 447.7 millions of barrels of oil per day versus 455.64 millions of barrels of oil per day estimated by two analysts on average. Logistics and Marketing - Fractionation volumes: 979.9 millions of barrels of oil per day versus the two-analyst average estimate of 1084.31 millions of barrels of oil per day. Gathering and Processing - Total Plant natural gas inlet volumes: 7526.3 millions of cubic feet per day versus 7667.93 millions of cubic feet per day estimated by two analysts on average. Gathering and Processing - Total Gross NGL production: 943.1 millions of barrels of oil per day compared to the 991.85 millions of barrels of oil per day average estimate based on two analysts. Gathering and Processing - Average realized prices - Condensate: $72.32 versus the two-analyst average estimate of $73.57. Gathering and Processing - Average realized prices - Natural gas: $2.24 versus the two-analyst average estimate of $2.45. Gathering and Processing - Average realized prices - NGL: $0.50 versus $0.51 estimated by two analysts on average. Gathering and Processing - Plant natural gas inlet volumes - Badlands: 136.9 millions of cubic feet per day versus the two-analyst average estimate of 130.29 millions of cubic feet per day. View all Key Company Metrics for Targa Resources here>>>Shares of Targa Resources have returned -16.9% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Targa Resources, Inc. (TRGP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks