Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
203.64
+4.97 (2.50%)
Feb 3, 2026, 4:00 PM EST - Market closed
Targa Resources Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
Net Income | 1,729 | 1,312 | 1,346 | 1,196 | 71.2 | -1,554 |
Depreciation & Amortization | 1,514 | 1,434 | 1,336 | 1,101 | 874.6 | 868.7 |
Other Amortization | - | - | 2.1 | 49.6 | 14.9 | 1.1 |
Loss (Gain) From Sale of Assets | -3.1 | -3.1 | -5.3 | -9.6 | 2 | 58.4 |
Asset Writedown & Restructuring Costs | 6.2 | 6.2 | 6.9 | 9.8 | 462.6 | 2,498 |
Loss (Gain) From Sale of Investments | - | - | - | -435.9 | - | - |
Loss (Gain) on Equity Investments | -1.3 | 10.4 | 4.1 | 3.1 | 107.9 | 14.2 |
Stock-Based Compensation | 68 | 63.2 | 62.4 | 57.5 | 59.2 | 66.2 |
Other Operating Activities | 685.9 | 788.7 | 320.8 | 774 | 491 | -267.9 |
Change in Accounts Receivable | -116.5 | -75 | -20.6 | 219.7 | -392.4 | -25.6 |
Change in Inventory | -66 | 33.5 | 36 | -236.2 | 40.6 | -27.7 |
Change in Accounts Payable | -115.3 | 40.7 | 68.2 | -383 | 565.4 | 105.7 |
Change in Other Net Operating Assets | 39 | 39.5 | 55.6 | 35.5 | 5.9 | 6.9 |
Operating Cash Flow | 3,740 | 3,650 | 3,212 | 2,381 | 2,303 | 1,745 |
Operating Cash Flow Growth | 14.04% | 13.64% | 34.90% | 3.38% | 32.01% | 25.52% |
Capital Expenditures | -3,097 | -2,966 | -2,385 | -1,334 | -505.1 | -951.6 |
Sale of Property, Plant & Equipment | 3.3 | 3.3 | 4.7 | 23 | 12.2 | 198.7 |
Cash Acquisitions | - | - | - | -3,709 | - | - |
Investment in Securities | -137.2 | -57.4 | -19.1 | 872.3 | 19.6 | 10.5 |
Other Investing Activities | 23.4 | -1.4 | -1 | -1.6 | 0.1 | 4.3 |
Investing Cash Flow | -3,208 | -3,021 | -2,401 | -4,150 | -473.2 | -738.1 |
Short-Term Debt Issued | - | 86,206 | 59,146 | 31,734 | 630 | 576.4 |
Long-Term Debt Issued | - | 999.4 | 3,728 | 10,086 | 1,620 | 3,195 |
Total Debt Issued | 117,821 | 87,205 | 62,874 | 41,821 | 2,250 | 3,771 |
Short-Term Debt Repaid | - | -85,495 | -60,205 | -30,076 | -830 | -596.4 |
Long-Term Debt Repaid | - | -550.1 | -1,333 | -7,048 | -2,600 | -3,198 |
Total Debt Repaid | -114,759 | -86,045 | -61,538 | -37,124 | -3,430 | -3,794 |
Net Debt Issued (Repaid) | 3,062 | 1,160 | 1,336 | 4,697 | -1,180 | -23 |
Repurchase of Common Stock | -779.7 | -811.1 | -429.5 | -260.6 | -53.2 | -97.4 |
Common Dividends Paid | -767.4 | -615.5 | -427.3 | - | - | - |
Dividends Paid | -767.4 | -615.5 | -427.3 | -379.7 | -187.5 | -384.2 |
Other Financing Activities | -2,050 | -346 | -1,367 | -1,262 | -493.8 | -419.3 |
Financing Cash Flow | -535.4 | -612.8 | -888.1 | 1,829 | -1,914 | -1,095 |
Net Cash Flow | -3.1 | 15.6 | -77.3 | 60.5 | -84.3 | -88.3 |
Free Cash Flow | 642.8 | 683.9 | 826.2 | 1,047 | 1,798 | 792.9 |
Free Cash Flow Growth | 100.50% | -17.22% | -21.05% | -41.79% | 126.74% | - |
Free Cash Flow Margin | 3.70% | 4.17% | 5.14% | 5.00% | 10.61% | 9.60% |
Free Cash Flow Per Share | 2.95 | 3.09 | 3.66 | 4.53 | 7.86 | 3.42 |
Cash Interest Paid | 758.5 | 712.7 | 618.6 | 401.3 | 356 | 374.1 |
Cash Income Tax Paid | 31.5 | 16.7 | 8.5 | 1.6 | 1.3 | 43.7 |
Levered Free Cash Flow | -48.33 | 291.33 | 211.2 | 243.11 | 1,356 | 548.93 |
Unlevered Free Cash Flow | 460.74 | 770.83 | 638.98 | 472.33 | 1,583 | 792.39 |
Change in Working Capital | -258.8 | 38.7 | 139.2 | -364 | 219.5 | 59.3 |
Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.