Targa Resources: Q1 Earnings Insights

Targa Resources TRGP reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Targa Resources missed estimated earnings by 97.86%, reporting an EPS of $0.03 versus an estimate of $1.4.

Revenue was down $438.10 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 1.2% increase in the share price the next day.

Here's a look at Targa Resources's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.38	1.22	1.07	0.86
EPS Actual	1.38	0.84	1.61	0.06
Revenue Estimate	6.01B	6.86B	5.87B	4.87B
Revenue Actual	4.55B	5.36B	6.06B	4.96B

To track all earnings releases for Targa Resources visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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