Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
297.33
+1.03 (0.35%)
At close: Nov 13, 2026, 4:00 PM EST
296.00
-1.33 (-0.45%)
After-hours: Nov 13, 2026, 7:39 PM EST
Targa Resources Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 142.6 | 166.1 | 157.3 | 141.7 | 219 | 158.5 |
Cash & Short-Term Investments | 142.6 | 166.1 | 157.3 | 141.7 | 219 | 158.5 |
Cash Growth | 14.91% | 5.59% | 11.01% | -35.30% | 38.17% | -34.72% |
Accounts Receivable | 2,180 | 1,475 | 1,618 | 1,471 | 1,408 | 1,332 |
Receivables | 2,180 | 1,475 | 1,618 | 1,471 | 1,408 | 1,332 |
Inventory | 341.8 | 429.3 | 334.3 | 371.5 | 393.8 | 153.4 |
Other Current Assets | 243.6 | 292.7 | 186.4 | 210.4 | 335.4 | 126 |
Total Current Assets | 2,908 | 2,363 | 2,296 | 2,195 | 2,357 | 1,770 |
Property, Plant & Equipment | 23,965 | 20,629 | 18,166 | 15,871 | 14,272 | 11,719 |
Long-Term Investments | 321.7 | 307.1 | 193.3 | 146.3 | 131.3 | 586.5 |
Goodwill | - | 112.3 | 45.2 | 45.2 | - | - |
Other Intangible Assets | 2,003 | 1,651 | 1,977 | 2,351 | 2,735 | 1,095 |
Other Long-Term Assets | 399.2 | 156.2 | 55.5 | 64.5 | 65.6 | 38.6 |
Total Assets | 29,596 | 25,218 | 22,734 | 20,672 | 19,560 | 15,208 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Accounts Payable | 2,577 | 1,873 | 2,013 | 1,575 | 1,449 | 1,402 |
Accrued Expenses | 545.6 | 645.3 | 579.9 | 489.5 | 449.1 | 399 |
Current Portion of Long-Term Debt | - | 677 | 330 | 575 | 800 | 150 |
Current Portion of Leases | 111.5 | 117.4 | 82.9 | 67.5 | 48.7 | 24.5 |
Other Current Liabilities | 206.9 | 234.1 | 167.3 | 54 | 320.1 | 322.7 |
Total Current Liabilities | 3,916 | 3,547 | 3,173 | 2,761 | 3,067 | 2,299 |
Long-Term Debt | 18,597 | 16,402 | 13,547 | 12,089 | 10,509 | 6,421 |
Long-Term Leases | 684.6 | 349.9 | 330.8 | 300.6 | 221.6 | 48.2 |
Long-Term Unearned Revenue | 115.8 | 115.5 | 119.9 | 248.8 | 198.8 | 171.8 |
Long-Term Deferred Tax Liabilities | 1,857 | 1,394 | 872.1 | 535.8 | 327.7 | 136 |
Other Long-Term Liabilities | 464.8 | 212.5 | 274 | 126.6 | 253.9 | 204.6 |
Total Liabilities | 25,635 | 22,020 | 18,316 | 16,062 | 14,578 | 9,280 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Additional Paid-In Capital | 3,147 | 3,088 | 3,089 | 3,059 | 3,702 | 4,269 |
Retained Earnings | 3,439 | 2,294 | 1,190 | 492 | -626.8 | -1,822 |
Treasury Stock | -2,677 | -2,429 | -1,714 | -896.9 | -464.7 | -204.1 |
Comprehensive Income & Other | -93.2 | 113.8 | 27.5 | 85.6 | 54.7 | -230.9 |
Total Common Equity | 3,816 | 3,068 | 2,592 | 2,740 | 2,666 | 2,012 |
Minority Interest | 144.9 | 130.3 | 1,826 | 1,870 | 2,317 | 3,167 |
Shareholders' Equity | 3,961 | 3,198 | 4,418 | 4,610 | 4,982 | 5,928 |
Total Liabilities & Equity | 29,596 | 25,218 | 22,734 | 20,672 | 19,560 | 15,208 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Total Debt | 19,845 | 17,546 | 14,290 | 13,032 | 11,579 | 6,643 |
Net Cash (Debt) | -19,702 | -17,380 | -14,133 | -12,891 | -11,360 | -6,485 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -91.43 | -80.13 | -63.86 | -57.04 | -49.16 | -28.37 |
Filing Date Shares Outstanding | 214.55 | 214.95 | 218.11 | 223.16 | 226.64 | 228.78 |
Total Common Shares Outstanding | 214.48 | 214.66 | 217.76 | 222.61 | 226.04 | 228.22 |
Working Capital | -1,008 | -1,184 | -876.3 | -566.3 | -710.1 | -528.7 |
Book Value Per Share | 17.79 | 14.29 | 11.90 | 12.31 | 11.79 | 8.82 |
Tangible Book Value | 1,813 | 1,304 | 569.8 | 343.9 | -68.9 | 917 |
Tangible Book Value Per Share | 8.45 | 6.08 | 2.62 | 1.54 | -0.30 | 4.02 |
Land | 214.7 | 209.3 | 198.6 | 185 | 163.3 | 160.8 |
Machinery | 18,485 | 16,967 | 15,707 | 14,152 | 13,322 | 11,989 |
Construction In Progress | 3,548 | 2,805 | 1,703 | 1,456 | 1,011 | 347 |