TARGA RESOURCES CORP. financials

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TRGP CIK 0001389170

Source: EDGAR filings · Built 2026-06-02T04:12:53Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020
Free Cash Flow 507.60M 633.80M 783.30M 1.03B 1.79B 780.50M
EBITDA 4.85B 4.12B 3.96B 2.83B 1.74B -438.60M
Working Capital -1.18B -876.30M -566.30M -710.10M -528.70M -319.10M
Net Debt 17.73B 14.43B 13.18B 11.59B 6.51B 7.60B
Gross Margin 38.29% 24.29% 21.04% 14.83% 14.69% 24.55%
Operating Margin 19.56% 19.07% 19.42% 8.72% 5.37% -18.97%
Net Margin 11.29% 9.28% 9.95% 6.03% 0.44% -22.61%
Return on Equity (ROE) 62.68% 50.61% 49.13% 44.85% 3.54% -58.55%
Return on Assets (ROA) 7.63% 5.77% 6.51% 6.11% 0.47% -9.79%
Current Ratio 0.67× 0.72× 0.79× 0.77× 0.77× 0.82×
Debt-to-Equity 5.83× 5.63× 4.86× 4.43× 3.32× 2.96×
Effective Tax Rate 21.30% 19.84% 18.70% 7.92% 3.39% 15.77%
Cash Conversion Ratio 2.04× 2.78× 2.39× 1.99× 32.34× -1.12×
Accruals Ratio -0.08× -0.10× -0.09× -0.06× -0.15× -0.21×
SBC % of Revenue 0.41% 0.45% 0.46% 0.29% 0.37% 0.96%
CapEx Coverage 1.15× 1.21× 1.32× 1.76× 4.45× 1.81×
Free Cash Flow Per Share $2.34 $2.86 $3.47 $4.44 $7.81 $3.36

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020
P/E Trailing (Diluted) 21.73× 31.10× 23.73× 18.94× — —
P/FCF 78.84× 62.33× 25.06× 16.54× 6.69× 7.85×
FCF Yield 1.27% 1.60% 3.99% 6.04% 14.95% 12.74%
EV / EBITDA 11.83× 12.94× 8.22× 9.98× 10.62× —
P/S 2.33× 2.75× 1.43× 0.84× 0.74× 0.88×
P/B 12.91× 14.99× 7.06× 6.23× 5.93× 2.27×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax — 14.14B 13.52B 19.82B 16.09B 6.87B
Revenues 17.03B 16.38B 16.06B 20.93B 16.95B 8.26B
Cost of Goods and Services Sold 10.51B 10.70B 10.68B 16.88B 13.73B 5.19B
Operating Income (Loss) 3.33B 2.70B 2.63B 1.73B 864.80M -1.30B
Income Tax Expense (Benefit) 529.70M 384.50M 363.20M 131.80M 14.80M -248.10M
Net Income (Loss) Attributable to Parent 1.92B 1.31B 1.35B 1.20B 71.20M -1.55B
Earnings Per Share, Basic $8.52 $5.77 $3.69 $3.95 $-0.07 $-7.26
Weighted Average Number of Shares Outstanding, Basic 216.10M 220.20M 224.60M 227.30M 228.60M 232.20M
Earnings Per Share, Diluted $8.49 $5.74 $3.66 $3.88 $-0.07 $-7.26
Weighted Average Number of Shares Outstanding, Diluted 216.90M 221.30M 226.00M 231.10M 228.60M 232.20M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 166.10M 157.30M 141.70M 219.00M 158.50M 242.80M
Assets, Current 2.36B 2.30B 2.19B 2.36B 1.77B 1.46B
Assets 25.22B 22.73B 20.67B 19.56B 15.21B 15.88B
Long-term Debt 17.43B 14.17B 12.95B 11.54B 6.60B 7.76B
Liabilities, Current 3.55B 3.17B 2.76B 3.07B 2.30B 1.78B
Stockholders' Equity Attributable to Parent 3.07B 2.59B 2.74B 2.67B 2.01B 2.65B
Common Stock, Shares, Outstanding 214.66M 217.76M 222.61M 226.04M 228.22M 228.06M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 3.92B 3.65B 3.21B 2.38B 2.30B 1.74B
Payments to Acquire Property, Plant, and Equipment 3.33B 2.97B 2.39B 1.33B 505.10M 951.60M
Net Cash Provided by (Used in) Investing Activities -3.64B -3.02B -2.40B -4.15B -473.20M -738.10M
Net Cash Provided by (Used in) Financing Activities -266.60M -612.80M -888.10M 1.83B -1.91B -1.09B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (TRGP CIK 0001389170), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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