Targa Resources Corp. (TRGP)

Targa Resources Balance Sheet

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

Assets

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Cash & Equivalents	132.3	100.1	166.1	124.1	113.1	151.4	157.3	127.2	166.4	109.9	141.7	139.5	169.4	211.8	219	192.9	154	135.9	158.5	228.6
Cash & Short-Term Investments	132.3	100.1	166.1	124.1	113.1	151.4	157.3	127.2	166.4	109.9	141.7	139.5	169.4	211.8	219	192.9	154	135.9	158.5	228.6
Cash Growth (YoY)	16.98%	-33.88%	5.59%	-2.44%	-32.03%	37.76%	11.01%	-8.82%	-1.77%	-48.11%	-35.30%	-27.68%	10.00%	55.85%	38.17%	-15.62%	-26.32%	-45.31%	-34.72%	-40.64%
Accounts Receivable	1,952	1,692	1,475	1,408	1,409	1,403	1,618	1,301	1,217	1,484	1,471	1,241	988.1	1,023	1,408	1,535	1,613	1,567	1,332	1,291
Receivables	1,952	1,692	1,475	1,408	1,409	1,403	1,618	1,301	1,217	1,484	1,471	1,241	988.1	1,023	1,408	1,535	1,613	1,567	1,332	1,291
Inventory	311.7	334.4	429.3	490.7	443.5	256.2	334.3	414.9	320.6	224.5	371.5	536.2	312.3	156.2	393.8	471.3	202.2	97.5	153.4	316.8
Other Current Assets	233	312	292.7	257.1	242	265.3	186.4	184.9	162.7	154.9	210.4	222.5	259	247.4	335.4	298.2	195.3	99.9	126	156.9
Total Current Assets	2,629	2,438	2,363	2,280	2,207	2,076	2,296	2,028	1,867	1,973	2,195	2,139	1,729	1,639	2,357	2,497	2,164	1,901	1,770	1,993
Property, Plant & Equipment	23,063	21,771	20,629	19,610	19,020	18,406	18,166	17,425	16,891	16,283	15,871	15,334	14,890	14,470	14,272	13,716	11,878	11,653	11,719	11,922
Long-Term Investments	317.5	315	307.1	315.9	268.6	217.6	193.3	177.3	159.8	152.2	146.3	138.3	131.8	134.7	131.3	136.4	137.1	579.8	586.5	674.6
Goodwill	-	-	112.3	-	-	-	45.2	-	-	-	45.2	-	-	-	-	-	-	-	-	-
Other Intangible Assets	2,105	2,201	1,651	1,733	1,814	1,896	1,977	2,071	2,164	2,257	2,351	2,447	2,543	2,639	2,735	2,840	1,039	1,067	1,095	1,284
Other Long-Term Assets	400.7	382	156.2	236.3	202.3	205	55.5	202.4	182.6	180.8	64.5	131.9	168.2	143.4	65.6	200.1	116	95.3	38.6	98.2
Total Assets	28,515	27,107	25,218	24,175	23,513	22,800	22,734	21,904	21,264	20,846	20,672	20,190	19,462	19,026	19,560	19,390	15,334	15,295	15,208	15,973

Liabilities

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Accounts Payable	2,108	1,988	1,873	1,584	1,727	1,890	2,013	1,468	1,687	1,710	1,575	1,581	1,173	1,255	1,449	1,806	1,901	1,804	1,402	1,652
Accrued Expenses	608.4	321	645.3	433.3	527.2	285.2	579.9	433.9	490.9	482.1	489.5	393	510.2	315.7	449.1	394.6	387	277	399	320.1
Short-Term Debt	451	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	677	600	703.3	600	330	600	550	500	575	560	547.9	704	800	750	400	270	150	340
Current Portion of Leases	107	96.9	117.4	89.3	64.9	60.4	82.9	53.3	51.2	46.1	67.5	42	38.1	35	48.7	16.5	14.6	13.8	24.5	12.6
Current Unearned Revenue	23.1	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liabilities	113.2	368.1	234.1	240.2	154.6	362.7	167.3	72.2	111.7	76.8	54	105.8	51.1	156.6	320.1	426.2	450.8	546.1	322.7	543.3
Total Current Liabilities	3,411	3,396	3,547	2,947	3,177	3,198	3,173	2,627	2,891	2,815	2,761	2,682	2,321	2,467	3,067	3,394	3,153	2,910	2,299	2,868
Long-Term Debt	18,333	18,185	16,402	16,474	15,843	15,313	13,547	13,364	12,723	12,277	12,089	12,080	11,588	11,231	10,509	10,391	7,027	6,951	6,421	6,419
Long-Term Leases	687.1	249.6	349.9	267.7	239.6	235.8	330.8	318.2	322.2	309.6	300.6	273.9	264.4	236.1	221.6	99.6	19.6	13.6	48.2	14.7
Long-Term Unearned Revenue	115.6	120.8	115.5	-	-	-	119.9	119.3	118.3	119.1	248.8	202.1	200.1	204.5	198.8	197.1	169.4	170.6	171.8	165.8
Long-Term Deferred Tax Liabilities	1,732	1,479	1,394	1,226	1,079	902.2	872.1	793.7	684.5	600.2	535.8	418.3	405.1	298.3	327.7	301.4	213.4	88	136	78.7
Other Long-Term Liabilities	440.6	407.5	212.5	425.8	463	579	274	222.7	176.3	148.2	126.6	155.4	143.4	177.1	253.9	275.3	351	394.5	204.6	276.2
Total Liabilities	24,719	23,838	22,020	21,341	20,801	20,228	18,316	17,445	16,915	16,269	16,062	15,812	14,922	14,613	14,578	14,659	10,933	10,528	9,280	9,823

Shareholders' Equity

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Common Stock	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Additional Paid-In Capital	3,129	3,111	3,088	3,071	3,053	3,036	3,089	3,106	3,089	3,073	3,059	3,062	3,046	3,146	3,702	3,768	3,834	4,126	4,269	4,300
Retained Earnings	3,051	2,557	2,294	1,966	1,705	1,295	1,190	1,005	783.9	654.1	492	305.5	199.5	-129.8	-626.8	-944.8	-1,138	-1,734	-1,822	-1,509
Treasury Stock	-2,598	-2,517	-2,429	-2,388	-2,214	-1,886	-1,714	-1,602	-1,417	-1,058	-896.9	-855.8	-701.1	-550.5	-464.7	-432	-350.4	-276.3	-204.1	-164
Comprehensive Income & Other	74.5	-14.7	113.8	57.4	43.2	6.1	27.5	65.1	11.4	33.9	85.6	-5.3	130.8	84.8	54.7	-6.7	-276.4	-418.4	-230.9	-442.1
Total Common Equity	3,657	3,137	3,068	2,707	2,588	2,452	2,592	2,574	2,468	2,704	2,740	2,506	2,675	2,551	2,666	2,385	2,070	1,697	2,012	2,185
Minority Interest	139.2	132.5	130.3	127	123.3	121.2	1,826	1,885	1,882	1,874	1,870	1,872	1,865	1,862	2,317	2,347	2,331	2,320	3,167	3,215
Shareholders' Equity	3,796	3,269	3,198	2,834	2,711	2,573	4,418	4,459	4,349	4,578	4,610	4,378	4,540	4,412	4,982	4,731	4,401	4,767	5,928	6,150
Total Liabilities & Equity	28,515	27,107	25,218	24,175	23,513	22,800	22,734	21,904	21,264	20,846	20,672	20,190	19,462	19,026	19,560	19,390	15,334	15,295	15,208	15,973

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Total Debt	19,578	19,132	17,546	17,431	16,851	16,209	14,290	14,336	13,647	13,133	13,032	12,956	12,438	12,206	11,579	11,258	7,461	7,249	6,643	6,787
Net Cash (Debt)	-19,446	-19,032	-17,380	-17,307	-16,737	-16,057	-14,133	-14,208	-13,480	-13,023	-12,891	-12,816	-12,269	-11,994	-11,360	-11,065	-7,307	-7,113	-6,485	-6,558
Net Cash Growth (YoY)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Per Share	-90.36	-88.31	-80.58	-80.13	-77.02	-73.42	-64.47	-64.58	-60.75	-58.22	-57.42	-56.94	-54.10	-52.31	-49.41	-48.04	-31.54	-30.61	-28.37	-23.73
Filing Date Shares Outstanding	214.43	214.64	214.95	214.66	215.19	216.93	218.11	218.06	219.08	221.72	223.16	222.98	223.71	226.02	226.64	226.38	226.56	227.99	228.78	228.97
Total Common Shares Outstanding	214.42	214.73	214.66	214.84	215.51	217.46	217.76	218.33	219.17	222.15	222.61	223.08	224.05	226.14	226.04	226.26	227.06	228.18	228.22	228.96
Working Capital	-782	-957.7	-1,184	-667.6	-969.5	-1,122	-876.3	-599.1	-1,024	-841.5	-566.3	-542.8	-591.8	-827.8	-710.1	-896.4	-989.3	-1,010	-528.7	-875
Book Value Per Share	17.05	14.61	14.29	12.60	12.01	11.27	11.90	11.79	11.26	12.17	12.31	11.23	11.94	11.28	11.79	10.54	9.12	7.44	8.82	9.54
Tangible Book Value	1,551	935.3	1,304	973.9	773.7	555.6	569.8	503.2	303.5	446.6	343.9	59.5	132.6	-87.9	-68.9	-455.2	1,031	630.2	917	900.9
Tangible Book Value Per Share	7.23	4.36	6.08	4.53	3.59	2.55	2.62	2.30	1.38	2.01	1.54	0.27	0.59	-0.39	-0.30	-2.01	4.54	2.76	4.02	3.93
Land	222.3	215.2	209.3	209.3	209.2	205.3	198.6	187	185.6	184.7	185	178.8	178.9	173.3	163.3	162.7	169.1	160.8	160.8	160.8
Machinery	18,127	17,591	16,967	16,595	16,282	16,007	15,707	15,427	14,634	14,327	14,152	13,937	13,722	13,508	13,322	13,224	12,281	12,065	11,989	11,908
Construction In Progress	2,816	2,462	2,805	2,267	2,003	1,555	1,703	1,804	1,908	1,929	1,456	1,566	1,267	1,085	1,011	657.4	525.2	392.4	347	263.1

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error