TRGPTarga Resources Corp.
Natural Gas Transmission
- Revenue
- $17.0B
- 20% YoY
- Operating margin
- 19.6%
- 2.6% YoY
- EBITDA
- $4.8B
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.9×
- $18.9B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear204% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear5% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $16.1B | $19.8B | $13.5B | $14.1B | $17.0B | 20% |
| Operating income | $865M | $1.7B | $2.6B | $2.7B | $3.3B | 24% |
| Net income | $71M | $1.2B | $1.3B | $1.3B | $1.9B | 47% |
| Operating cash flow | $2.3B | $2.4B | $3.2B | $3.6B | $3.9B | 7.3% |
| Capex | $505M | $1.3B | $2.4B | $3.0B | $3.3B | 12% |
| Stock-based comp | $59M | $58M | $62M | $63M | $70M | 10.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $312K · 1
- Net
- −$312K
Pay vs performance
No pay-versus-performance disclosure yet.