Targa Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Targa Resources
TRGP Stock  USD 171.74  0.45  0.26%   
Analyzing historical trends in various income statement and balance sheet accounts from Targa Resources' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Targa Resources' valuation are summarized below:
Gross Profit
6.1 B
Profit Margin
0.0959
Market Capitalization
37.1 B
Enterprise Value Revenue
3.1496
Revenue
17.1 B
There are currently one hundred twenty fundamental trend indicators for Targa Resources that can be evaluated and compared over time across competition. Investors and active traders are advised to double-check Targa Resources' current fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 09/26/2025, Market Cap is likely to drop to about 5.9 B. In addition to that, Enterprise Value is likely to drop to about 8.7 B

Targa Resources Total Revenue

10.8 Billion

Check Targa Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Targa Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 724.8 M, Interest Expense of 805.6 M or Selling General Administrative of 232.8 M, as well as many indicators such as Price To Sales Ratio of 2.48, Dividend Yield of 0.0149 or PTB Ratio of 9.61. Targa financial statements analysis is a perfect complement when working with Targa Resources Valuation or Volatility modules.
  
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Targa Resources Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding143.1 M221.3 M147.4 M
Slightly volatile
Total Assets13.1 B22.7 B13 B
Slightly volatile
Short and Long Term Debt Total15 B14.3 B6.9 B
Slightly volatile
Other Current Liabilities390 M772.4 M357 M
Slightly volatile
Total Current Liabilities1.7 B3.2 B1.7 B
Slightly volatile
Total Stockholder Equity2.5 B2.6 B2.5 B
Slightly volatile
Other Liabilities456.6 M897.5 M510.4 M
Slightly volatile
Property Plant And Equipment Net9.9 B18.1 B9.8 B
Slightly volatile
Current Deferred Revenue23.8 M25.1 M183.7 M
Very volatile
Net Debt14.8 B14.1 B6.8 B
Slightly volatile
Accounts Payable2.1 B2 B1 B
Slightly volatile
Cash141.5 M157.3 M169.2 M
Very volatile
Non Current Assets Total11.7 B20.4 B11.7 B
Slightly volatile
Other Assets160.3 M141.3 M150.1 M
Pretty Stable
Long Term Debt14.2 B13.5 B6.5 B
Slightly volatile
Cash And Short Term Investments141.5 M157.3 M169.2 M
Very volatile
Net Receivables905.2 M1.6 B876.5 M
Slightly volatile
Liabilities And Stockholders Equity13.1 B22.7 B13 B
Slightly volatile
Non Current Liabilities Total15.9 B15.1 B7.3 B
Slightly volatile
Inventory188.5 M334.3 M188.3 M
Slightly volatile
Other Current Assets134.1 M186.4 M127.2 M
Slightly volatile
Other Stockholder Equity2.7 B1.4 B2.7 B
Slightly volatile
Total Liabilities19.2 B18.3 B9.1 B
Slightly volatile
Property Plant And Equipment Gross31 B29.6 B13.7 B
Slightly volatile
Total Current Assets1.4 B2.3 B1.4 B
Slightly volatile
Short Term Debt355.8 M387.7 M325.1 M
Slightly volatile
Property Plant Equipment8.7 B16.3 B9.6 B
Slightly volatile
Noncontrolling Interest In Consolidated Entity2.5 B2.7 B2.3 B
Slightly volatile
Long Term Debt Total12.9 B12.3 B6.4 B
Slightly volatile
Capital Surpluse3.8 B4.3 B3.1 B
Slightly volatile
Deferred Long Term Liabilities380.3 M538 M341.3 M
Slightly volatile
Long Term Investments323.9 M193.3 M260.1 M
Slightly volatile
Non Current Liabilities Other4.1 M4.3 M123.5 M
Pretty Stable
Intangible Assets1.8 B2 B1.5 B
Slightly volatile
Short and Long Term Debt463.6 M330 M364.5 M
Slightly volatile
Warrants905.3 M862.2 M399.7 M
Slightly volatile
Net Invested Capital14 B16.5 B12.1 B
Slightly volatile
Capital Stock171 K180 K17.6 M
Very volatile
Capital Lease Obligations222.5 M388.5 M137.7 M
Slightly volatile

Targa Resources Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization724.8 M1.4 B723 M
Slightly volatile
Interest Expense805.6 M767.2 M339.5 M
Slightly volatile
Selling General Administrative232.8 M384.9 M222.8 M
Slightly volatile
Total Revenue10.8 B16.6 B10.5 B
Slightly volatile
Gross Profit3.5 B3.3 B1.3 B
Slightly volatile
Other Operating Expenses9.8 B13.7 B9.5 B
Slightly volatile
Operating Income3.1 B2.9 B1.1 B
Slightly volatile
Cost Of Revenue9.6 B13.3 B9.3 B
Slightly volatile
Total Operating Expenses249.9 M381.4 M224.5 M
Slightly volatile
Non Recurring625.1 M520.1 M484.7 M
Slightly volatile
Interest Income270.8 M343.6 M263.3 M
Slightly volatile
Preferred Stock And Other Adjustments25.6 M27 M67.2 M
Slightly volatile
Reconciled Depreciation1.1 B1.4 B935 M
Slightly volatile
Extraordinary Items215.6 M242.6 M264.4 M
Slightly volatile
Selling And Marketing Expenses862.3 M970.1 M1.1 B
Slightly volatile

Targa Resources Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation38.9 M63.2 M38.9 M
Slightly volatile
Begin Period Cash Flow142.5 M141.7 M159.7 M
Slightly volatile
Depreciation717.5 M1.4 B716.5 M
Slightly volatile
Dividends Paid497.3 M615.5 M455.2 M
Slightly volatile
Capital Expenditures3.1 B3 B1.4 B
Slightly volatile
Total Cash From Operating Activities3.8 B3.6 B1.6 B
Slightly volatile
End Period Cash Flow141.5 M157.3 M169.2 M
Very volatile
Change To Netincome100.8 M106.1 M295.4 M
Pretty Stable
Change To Operating Activities19.4 M31.9 M25.7 M
Very volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.482.3640.9288
Slightly volatile
Dividend Yield0.01490.01570.0818
Slightly volatile
PTB Ratio9.6115.16198.6536
Pretty Stable
Days Sales Outstanding24.9235.525530.671
Pretty Stable
Book Value Per Share39.4720.064537.9208
Slightly volatile
Operating Cash Flow Per Share17.416.574510.7595
Pretty Stable
Stock Based Compensation To Revenue0.00290.00380.0037
Slightly volatile
Capex To Depreciation1.422.08421.8808
Pretty Stable
PB Ratio9.6115.16198.6536
Pretty Stable
EV To Sales3.373.21251.5304
Slightly volatile
Inventory Turnover66.2239.789455.4059
Pretty Stable
Days Of Inventory On Hand5.619.17337.3455
Slightly volatile
Payables Turnover6.286.609512.0406
Slightly volatile
Sales General And Administrative To Revenue0.01810.02310.022
Very volatile
Capex To Revenue0.0960.17840.1264
Pretty Stable
Cash Per Share0.680.71441.7751
Slightly volatile
POCF Ratio11.3110.76966.8518
Slightly volatile
Interest Coverage2.183.83722.822
Slightly volatile
Capex To Operating Cash Flow0.830.81261.0981
Pretty Stable
Days Payables Outstanding27.8455.223636.3986
Slightly volatile
EV To Operating Cash Flow8.9314.63511.2351
Very volatile
Current Ratio1.090.72380.9604
Slightly volatile
Tangible Book Value Per Share10.5311.084525.5561
Slightly volatile
Receivables Turnover13.710.274312.6479
Slightly volatile
Graham Number41.0339.078817.3316
Slightly volatile
Shareholders Equity Per Share10.0611.772913.6435
Pretty Stable
Debt To Equity8.955.50267.3955
Slightly volatile
Capex Per Share7.5713.468710.1699
Pretty Stable
Revenue Per Share11375.5082101
Slightly volatile
Interest Debt Per Share56.368.266152.8742
Pretty Stable
Debt To Assets0.380.62750.4724
Pretty Stable
Short Term Coverage Ratios9.9411.05977.0656
Pretty Stable
Operating Cycle30.5344.698838.0165
Pretty Stable
Price Book Value Ratio9.6115.16198.6536
Pretty Stable
Days Of Payables Outstanding27.8455.223636.3986
Slightly volatile
Price To Operating Cash Flows Ratio11.3110.76966.8518
Slightly volatile
Operating Profit Margin0.190.17710.086
Slightly volatile
Company Equity Multiplier8.338.769514.4588
Slightly volatile
Long Term Debt To Capitalization0.860.83940.7671
Pretty Stable
Total Debt To Capitalization0.870.84620.777
Pretty Stable
Return On Capital Employed0.160.15050.0874
Slightly volatile
Debt Equity Ratio8.955.50267.3955
Slightly volatile
Ebit Per Revenue0.190.17710.086
Slightly volatile
Quick Ratio0.960.61840.8333
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.321.01911.1239
Very volatile
Cash Ratio0.04710.04960.1414
Slightly volatile
Operating Cash Flow Sales Ratio0.230.21950.1306
Slightly volatile
Days Of Inventory Outstanding5.619.17337.3455
Slightly volatile
Days Of Sales Outstanding24.9235.525530.671
Pretty Stable
Cash Flow Coverage Ratios0.170.25580.2073
Slightly volatile
Price To Book Ratio9.6115.16198.6536
Pretty Stable
Fixed Asset Turnover1.530.92051.3277
Slightly volatile
Capital Expenditure Coverage Ratio1.691.23061.4364
Pretty Stable
Price Cash Flow Ratio11.3110.76966.8518
Slightly volatile
Debt Ratio0.380.62750.4724
Pretty Stable
Cash Flow To Debt Ratio0.170.25580.2073
Slightly volatile
Price Sales Ratio2.482.3640.9288
Slightly volatile
Asset Turnover1.130.73140.9806
Slightly volatile
Gross Profit Margin0.210.20.1082
Slightly volatile
Price Fair Value9.6115.16198.6536
Pretty Stable

Targa Resources Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap5.9 B7.3 B8.4 B
Pretty Stable
Enterprise Value8.7 B13.3 B13.7 B
Pretty Stable

Targa Fundamental Market Drivers

Forward Price Earnings19.084
Cash And Short Term Investments157.3 M

Targa Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Targa Resources Financial Statements

Targa Resources shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Targa Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Targa Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Targa Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue25.1 M23.8 M
Total Revenue16.6 B10.8 B
Cost Of Revenue13.3 B9.6 B
Sales General And Administrative To Revenue 0.02  0.02 
Capex To Revenue 0.18  0.10 
Revenue Per Share 75.51  112.73 
Ebit Per Revenue 0.18  0.19 

Pair Trading with Targa Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Targa Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Targa Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Targa Stock

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Moving against Targa Stock

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  0.39EPD Enterprise ProductsPairCorr
  0.38ENB EnbridgePairCorr
The ability to find closely correlated positions to Targa Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Targa Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Targa Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Targa Resources to buy it.
The correlation of Targa Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Targa Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Targa Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Targa Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Targa Stock Analysis

When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.
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