Targa Resources Corp. (TRGP) Financial Statements
Historical financial data — 38 statements covering FY2018–FY2025
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacit...
Targa Resources Corp.'s revenue increased 3.9% year over year, from $16.38B to $17.03B.
Net income increased 46.6% over the same period, from $1.31B to $1.92B.
Over the 7-year period from FY2018 to FY2025, revenue grew by 62% in total.
Total debt increased by 20.9% to $16.66B.
The debt-to-equity ratio stands at 5.43, indicating a high leverage profile.
Operating cash flow grew 7.3% to $3.92B.
Targa Resources Corp. maintains a healthy net profit margin of 11.3%.
Recent Financial Statements
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2023 | $7.92B+75.3% | $826.3M | $2.84B | $1.49B | $1.85B | $19.46B | $11.81B | $2.68B |
| Q3 FY2023 | $11.82B+49.2% | $1.05B | $4.04B | $1.99B | $2.25B | $20.19B | $12.32B | $2.51B |
| Q2 FY2024 | $8.12B-31.3% | $573.7M | $2.71B | $1.27B | $1.78B | $21.26B | $12.97B | $2.47B |
| Q3 FY2024 | $11.98B+47.4% | $961.0M | $4.20B | $1.99B | $2.32B | $21.90B | $13.60B | $2.57B |
| Q1 FY2025 | $4.56B-61.9% | $270.5M | $1.30B | $543.3M | $954.4M | $22.80B | $15.55B | $2.45B |
| Q2 FY2025 | $8.82B+93.4% | $899.6M | $3.13B | $1.58B | $1.81B | $23.51B | $16.08B | $2.59B |
| Q3 FY2025 | $12.97B+47.1% | $1.38B | $4.77B | $2.41B | $2.41B | $24.17B | $16.74B | $2.71B |
| Q1 FY2026 | $4.09B-68.4% | $479.6M | $1.70B | $846.9M | $739.5M | $27.11B | $18.43B | $3.14B |
Balance Sheet Summary (Latest Period)
Total Assets
$25.22B
Total Liabilities
$22.15B
Total Equity
$3.07B
Cash & Equivalents
$166.1M
Total Debt
$16.66B
Current Assets
$2.36B
Current Liabilities
$3.55B
Retained Earnings
$2.29B