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	-	157.3	141.7	219	158.5
Cash & Short-Term Investments	124.1	157.3	141.7	219	158.5
Cash Growth	-21.11%	11.01%	-35.30%	38.17%	-34.72%
Accounts Receivable	-	1,618	1,471	1,408	1,332
Receivables	-	1,618	1,471	1,408	1,332
Inventory	-	334.3	371.5	393.8	153.4
Other Current Assets	-	186.4	210.4	335.4	126
Total Current Assets	-	2,296	2,195	2,357	1,770
Property, Plant & Equipment	-	18,166	15,871	14,272	11,719
Long-Term Investments	-	193.3	146.3	131.3	586.5
Goodwill	-	45.2	45.2	-	-
Other Intangible Assets	-	1,977	2,351	2,735	1,095
Other Long-Term Assets	-	55.5	64.5	65.6	38.6
Total Assets	-	22,734	20,672	19,560	15,208
Accounts Payable	-	2,013	1,575	1,449	1,402
Accrued Expenses	-	579.9	489.5	449.1	399
Current Portion of Long-Term Debt	-	330	575	800	150
Current Portion of Leases	-	82.9	67.5	48.7	24.5
Other Current Liabilities	-	167.3	54	320.1	322.7
Total Current Liabilities	-	3,173	2,761	3,067	2,299
Long-Term Debt	-	13,547	12,089	10,509	6,421
Long-Term Leases	-	330.8	300.6	221.6	48.2
Long-Term Unearned Revenue	-	119.9	248.8	198.8	171.8
Long-Term Deferred Tax Liabilities	-	872.1	535.8	327.7	136
Other Long-Term Liabilities	-	274	126.6	253.9	204.6
Total Liabilities	-	18,316	16,062	14,578	9,280
Common Stock	-	0.2	0.2	0.2	0.2
Additional Paid-In Capital	-	3,089	3,059	3,702	4,269
Retained Earnings	-	1,190	492	-626.8	-1,822
Treasury Stock	-	-1,714	-896.9	-464.7	-204.1
Comprehensive Income & Other	-	27.5	85.6	54.7	-230.9
Total Common Equity	2,707	2,592	2,740	2,666	2,012
Minority Interest	-	1,826	1,870	2,317	3,167
Shareholders' Equity	2,834	4,418	4,610	4,982	5,928
Total Liabilities & Equity	-	22,734	20,672	19,560	15,208
Total Debt	17,431	14,290	13,032	11,579	6,643
Net Cash (Debt)	-17,307	-14,133	-12,891	-11,360	-6,485
Net Cash Per Share	-80.56	-63.86	-57.04	-49.16	-28.37
Filing Date Shares Outstanding	214.66	218.11	223.16	226.64	228.78
Total Common Shares Outstanding	214.84	217.76	222.61	226.04	228.22
Working Capital	-	-876.3	-566.3	-710.1	-528.7
Book Value Per Share	12.60	11.90	12.31	11.79	8.82
Tangible Book Value	973.9	569.8	343.9	-68.9	917
Tangible Book Value Per Share	4.53	2.62	1.54	-0.30	4.02
Land	-	198.6	185	163.3	160.8
Machinery	-	15,707	14,152	13,322	11,989
Construction In Progress	-	1,703	1,456	1,011	347

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.