Targa Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	166.1	157.3	141.7	219	158.5
Cash & Short-Term Investments	166.1	157.3	141.7	219	158.5
Cash Growth	5.59%	11.01%	-35.30%	38.17%	-34.72%
Accounts Receivable	1,475	1,618	1,471	1,408	1,332
Receivables	1,475	1,618	1,471	1,408	1,332
Inventory	429.3	334.3	371.5	393.8	153.4
Other Current Assets	292.7	186.4	210.4	335.4	126
Total Current Assets	2,363	2,296	2,195	2,357	1,770
Property, Plant & Equipment	20,629	18,166	15,871	14,272	11,719
Long-Term Investments	307.1	193.3	146.3	131.3	586.5
Goodwill	112.3	45.2	45.2	-	-
Other Intangible Assets	1,651	1,977	2,351	2,735	1,095
Other Long-Term Assets	156.2	55.5	64.5	65.6	38.6
Total Assets	25,218	22,734	20,672	19,560	15,208
Accounts Payable	1,873	2,013	1,575	1,449	1,402
Accrued Expenses	645.3	579.9	489.5	449.1	399
Current Portion of Long-Term Debt	677	330	575	800	150
Current Portion of Leases	117.4	82.9	67.5	48.7	24.5
Other Current Liabilities	234.1	167.3	54	320.1	322.7
Total Current Liabilities	3,547	3,173	2,761	3,067	2,299
Long-Term Debt	16,402	13,547	12,089	10,509	6,421
Long-Term Leases	349.9	330.8	300.6	221.6	48.2
Long-Term Unearned Revenue	115.5	119.9	248.8	198.8	171.8
Long-Term Deferred Tax Liabilities	1,394	872.1	535.8	327.7	136
Other Long-Term Liabilities	212.5	274	126.6	253.9	204.6
Total Liabilities	22,020	18,316	16,062	14,578	9,280
Common Stock	0.2	0.2	0.2	0.2	0.2
Additional Paid-In Capital	3,088	3,089	3,059	3,702	4,269
Retained Earnings	2,294	1,190	492	-626.8	-1,822
Treasury Stock	-2,429	-1,714	-896.9	-464.7	-204.1
Comprehensive Income & Other	113.8	27.5	85.6	54.7	-230.9
Total Common Equity	3,068	2,592	2,740	2,666	2,012
Minority Interest	130.3	1,826	1,870	2,317	3,167
Shareholders' Equity	3,198	4,418	4,610	4,982	5,928
Total Liabilities & Equity	25,218	22,734	20,672	19,560	15,208
Total Debt	17,546	14,290	13,032	11,579	6,643
Net Cash (Debt)	-17,380	-14,133	-12,891	-11,360	-6,485
Net Cash Per Share	-80.13	-63.86	-57.04	-49.16	-28.37
Filing Date Shares Outstanding	214.95	218.11	223.16	226.64	228.78
Total Common Shares Outstanding	214.66	217.76	222.61	226.04	228.22
Working Capital	-1,184	-876.3	-566.3	-710.1	-528.7
Book Value Per Share	14.29	11.90	12.31	11.79	8.82
Tangible Book Value	1,304	569.8	343.9	-68.9	917
Tangible Book Value Per Share	6.08	2.62	1.54	-0.30	4.02
Land	209.3	198.6	185	163.3	160.8
Machinery	16,967	15,707	14,152	13,322	11,989
Construction In Progress	2,805	1,703	1,456	1,011	347

Source: S&P Global Market Intelligence. Standard template. Financial Sources.