Targa Resources (TRGP) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier, reflecting a positive trend. The filing includes discussion of regulatory risks that could impact future operations.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier, reflecting a positive trend. The filing includes discussion of regulatory risks that could impact future operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+8.8%
Change from the immediately preceding quarter.
Year-over-year
+3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $3.8B | -22.2% |
| Jun 30, 2023 | $2.7B | -53.1% |
| Sep 30, 2023 | $3.9B | -22.7% |
| Dec 31, 2023 | $4.2B | +3.7% |
Revenue performance
Reported revenue increased from the prior quarter, reversing the decline seen in the two preceding quarters. The year-over-year comparison also shows an improvement.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Versus the same quarter one year earlier, revenue also rose.
What to watch
The filing highlights potential regulatory changes regarding hydraulic fracturing and greenhouse gas emissions that could affect customer activity and asset utilization.