Targa Resources Partners LP
Utilities · Natural Gas Transmission · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | $6.87B | $7.40B | $9.35B | $7.80B | $6.69B | — |
| Operating income | −$1.29B | $206.1M | $253.6M | −$109.4M | $66.0M | $167.4M |
| Net income | −$1.76B | −$254.7M | $51.0M | −$289.5M | −$249.4M | −$27.4M |
| Total assets | $15.83B | $18.74B | $16.89B | $14.36B | $12.74B | $13.13B |
| Total liabilities | — | — | — | — | — | — |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 5.0M | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- −18.8%
- Net margin
- −25.6%
- Return on equity
- —
- Return on assets
- −11.1%
- Return on capital (ROCE)
- −9.3%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- −7.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2020- Accruals / assets
- −21.9%clean
- Piotroski F-Score
- 3/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 16, 2007
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Pearl Barry RDirector | Feb 17, 2016 | D | 29,355 | — |
| Pryor D. ScottOfficer — See Remarks | Feb 17, 2016 | D | 6,142 | — |
| Middlebrooks Dan COfficer — See Remarks | Feb 17, 2016 | D | 5,690 | — |
| White G ClarkOfficer — See Remarks | Feb 17, 2016 | D | 14,274 | — |
| Heim Michael A | Feb 17, 2016 | D | 25,966 | — |
| Mcdonie Patrick J.Officer — See Remarks | Feb 17, 2016 | D | 64,145 | — |
| Chung Paul WOfficer — EVP, Gen. Counsel & Secretary | Feb 17, 2016 | D | 40,499 | — |
| Whalen James WOfficer — Exec. Chairman of the Board | Feb 17, 2016 | D | 131,848.672 | — |
| Joyce Rene RDirector | Feb 17, 2016 | D | 122,287 | — |
| Sparger John RobertOfficer — Senior VP and CAO | Feb 17, 2016 | D | 16,397 | — |
| Perkins Joe BobOfficer — CEO | Feb 17, 2016 | D | 60,900 | — |
| Evans Robert BDirector | Feb 17, 2016 | D | 33,955 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreementApr 23, 2021
- Entered a material agreement · New financial obligation · Other material eventFeb 5, 2021
- Entered a material agreement · Other material eventJan 22, 2021
- Regulation FD disclosure · Other material eventJan 19, 2021
- Director / officer changeJan 6, 2021
- Entered a material agreementDec 14, 2020
- Entered a material agreement · New financial obligation · Other material eventAug 21, 2020
- Entered a material agreement · Other material eventAug 17, 2020
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.