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Targa Resources Corp.

TRGP

Companies in Natural Gas Transmission

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Cash And Cash Equivalents At Carrying Value
100166124113151157127166110142140169
Accounts Receivable Net Current
1,6921,4751,4081,4091,4031,6181,3011,2171,4841,4711,241988
Inventory Net
334429491444256334415321225372536312
Other Assets Current
211138157164191125110100829913865
Assets Current
2,4382,3632,2802,2072,0762,2962,0281,8671,9732,1952,1391,729
Property Plant And Equipment Net
21,77120,53519,61019,02018,40618,06317,42516,89116,28315,80615,33414,890
Finite Lived Intangible Assets Net
2,2011,6511,7331,8141,8961,9772,0712,1642,2572,3512,4472,543
Equity Method Investments
315307316269218193177160152146138132
Other Assets Noncurrent
344327203176170179167166164141114120
Assets
27,10725,21824,17523,51322,80022,73421,90421,26420,84620,67220,19019,462
Liabilities Current
Accounts Payable Current
1,9881,8731,5841,7271,8902,0131,4681,6871,7101,5751,5811,173
Accrued Liabilities Current
193359281214164336321243296282292283
Interest Payable Current
150311152313122269113248186230101227
Liabilities Current
3,3963,5472,9473,1773,1983,1732,6272,8912,8152,7612,6822,321
Long Term Debt And Capital Lease Obligations
18,43516,66216,74216,08215,54813,78713,60112,96612,51012,33312,31811,813
Deferred Income Tax Liabilities Net
1,4791,3941,2261,079902872794685600536418405
Other Liabilities Noncurrent
416395392390385392340309304415358359
Commitments And Contingencies
000000000000
Stockholders Equity Inclu…
Common Stock Value Outstanding
000000000000
Preferred Stock Value
---------000
Additional Paid In Capital
3,1113,0883,0713,0533,0363,0893,1063,0893,0733,0593,0623,046
Retained Earnings Accumulated Deficit
2,5572,2941,9661,7051,2951,1901,005784654492306200
Accumulated Other Comprehensive Income Loss Net Of…
-15114574362865113486-5131
Treasury Stock Value
-2,517-2,429-2,388-2,214-1,886-1,714-1,602-1,417-1,058-897-856-701
Stockholders Equity
3,2693,0682,7072,7112,5732,5924,4592,4684,5784,6104,3784,540
Minority Interest
1331301271231211,8261,8851,8821,8741,8701,8721,865
Liabilities And Stockholders Equity
27,10725,21824,17523,51322,80022,73421,90421,26420,84620,67220,19019,462
Assets Current
Allowance For Doubtful Accounts Receivable Current
111113333333
Liabilities And Stockhold…
Stockholders Equity
Common Stock Par Or Stated Value Per Share
0.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.0010.001
Common Stock Shares Authorized
450450450450450450450450450450450450
Common Stock Shares Issued
243243243242242242242241241240240239
Shares Outstanding
215215215216217218218219222223223224
Treasury Stock Common Shares
292828272524232219171715
Preferred Stock Par Or Stated Value Per Share
---------0.0010.0010.001
Preferred Stock Shares Authorized
---------999999
Preferred Stock Shares Issued
---------000
Preferred Stock Shares Outstanding
---------000

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
20261.04%7.99%11.44%---------
2025-1.16%5.13%5.40%0.52%4.37%-7.86%7.76%12.42%17.71%7.09%8.44%11.24%
20241.14%10.72%20.69%5.90%12.29%19.58%15.16%-0.02%17.85%-7.03%-20.10%-21.61%
2023---3.26%3.21%5.97%-2.67%-3.92%-8.60%11.32%24.34%21.19%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
0.72
0.67
0.77
0.69
0.65
0.72
0.77
0.65
0.70
0.79
0.80
0.74
Quick Ratio
0.62
0.55
0.61
0.56
0.57
0.62
0.61
0.53
0.62
0.66
0.60
0.61
Working Capital
-957.70M
-1.18B
-667.60M
-969.50M
-1.12B
-876.30M
-599.10M
-1.02B
-841.50M
-566.30M
-542.80M
-591.80M
Leverage & Debt
Debt to Equity
1.04
1.11
1.09
1.17
1.24
0.72
0.59
1.17
0.61
0.60
0.61
0.51
Interest Coverage TTM
4.12
3.91
3.82
3.86
3.53
3.51
3.43
3.18
3.25
3.82
3.88
4.07
Debt Ratio
0.13
0.14
0.12
0.14
0.14
0.14
0.12
0.14
0.14
0.13
0.13
0.12
Efficiency & Turnover
Asset Turnover TTM
0.66
0.71
0.75
0.76
0.75
0.75
0.77
0.80
0.81
0.80
0.83
1.03
Days Sales Outstanding TTM
34.11
33.15
28.45
28.06
32.16
34.42
28.61
24.75
28.42
32.72
30.94
26.61
Receivables Turnover TTM
10.70
11.01
12.83
13.01
11.35
10.61
12.76
14.75
12.85
11.16
11.80
13.72
Per Share Metrics
Diluted EPS TTM
10.41
9.02
6.98
6.80
5.24
5.78
7.06
5.98
6.06
6.99
4.23
4.08
Free Cash Flow Per Share TTM
1.22
2.70
2.99
1.97
2.93
3.11
1.46
1.92
1.52
3.68
2.71
3.79
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
41.77%
38.29%
36.00%
35.70%
34.42%
34.66%
34.14%
32.33%
32.46%
33.52%
32.20%
28.70%
Operating Profit Margin TTM
21.95%
19.56%
17.92%
17.60%
15.87%
16.45%
16.22%
14.80%
15.08%
16.35%
15.52%
13.83%
Net Profit Margin TTM
13.55%
11.49%
8.67%
8.65%
7.00%
7.81%
9.58%
8.15%
8.43%
9.83%
5.81%
5.19%
Growth Metrics
Net Revenue Growth (1Y)
1.10%
3.95%
7.17%
5.03%
1.73%
2.00%
-0.98%
-8.85%
-21.42%
-23.27%
-24.94%
-14.71%
Net Income Growth (1Y)
95.73%
52.97%
-3.00%
11.40%
-15.49%
-19.01%
63.24%
43.33%
5.71%
76.10%
37.57%
35.82%
EPS Growth (1Y)
98.56%
55.88%
-1.29%
13.67%
-13.59%
-17.39%
66.81%
46.31%
7.42%
78.22%
39.29%
37.15%
Valuation Metrics
P/E TTM
23.88
20.17
23.52
24.96
37.04
29.76
20.11
20.58
17.52
11.70
18.97
17.37
P/B TTM
16.39
12.34
13.10
13.60
16.51
8.62
7.01
11.06
5.19
4.01
4.13
3.54
P/S TTM
3.24
2.32
2.04
2.16
2.59
2.32
1.93
1.68
1.48
1.15
1.10
0.90
Market Cap
53.59B
39.47B
35.46B
36.86B
42.47B
38.07B
31.26B
27.29B
23.77B
18.48B
18.06B
16.06B
Enterprise Value
71.92B
55.97B
52.08B
52.83B
57.86B
51.70B
44.73B
40.09B
36.17B
30.67B
30.24B
27.71B
Calculated Values
Free Cash Flow TTM
261.90M
584.10M
642.80M
427.50M
639.50M
683.90M
320.60M
424.10M
338.70M
826.20M
607.10M
855.20M
Net Debt
18.33B
16.50B
16.62B
15.97B
15.40B
13.63B
13.47B
12.80B
12.40B
12.19B
12.18B
11.64B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-12Sale
Owner: Crisp, Charles R
Title: -
Shares: 10,602
Price/Share: $255.96
Value: $2,713,687.92
Shares Owned: 66,492
Relationship: Director
Ownership: Direct
2026-03-05Sale
Owner: Muraro, Robert
Title: Chief Commercial Officer
Shares: 24,589
Price/Share: $241.34
Value: $5,934,309.26
Shares Owned: 197,401
Relationship: Officer
Ownership: Direct
2026-03-02Sale
Owner: Branstetter, Benjamin Jam…
Title: See Remarks
Shares: 3,258
Price/Share: $238.91
Value: $778,368.78
Shares Owned: 29,285
Relationship: Officer
Ownership: Direct
2026-03-02Sale
Owner: Mcdonie, Patrick J.
Title: See Remarks
Shares: 31,537
Price/Share: $239.79
Value: $7,562,257.23
Shares Owned: 305,163
Relationship: Officer
Ownership: Direct
2026-02-26Sale
Owner: Cooksen, Lindsey
Title: -
Shares: 435
Price/Share: $231.72
Value: $100,798.20
Shares Owned: 11,670
Relationship: Director
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
88.69%
Inst. Shares: 190,510,715
Shares Outstanding: 214,800,000
2025-12-31
89.77%
Inst. Shares: 193,999,442
Shares Outstanding: 216,100,000
2025-09-30
87.27%
Inst. Shares: 187,811,957
Shares Outstanding: 215,200,000
2025-06-30
86.25%
Inst. Shares: 186,807,822
Shares Outstanding: 216,600,000
2025-03-31
84.76%
Inst. Shares: 184,684,778
Shares Outstanding: 217,900,000

Targa Resources Corp. (TRGP) — SEC Financial Statements & Analysis

Targa Resources Corp. (TRGP) is a natural gas transmission company. Targa Resources Corp. trades on TRGP: NYSE as: TRGP. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Targa Resources Corp. reported a 1.10% year-over-year revenue growth, a Gross Profit Margin of 41.77% (TTM), a Debt-to-Equity ratio of 1.04x, a Price-to-Sales (P/S) ratio of 3.24x (TTM), a Price-to-Book (P/B) ratio of 16.39 (TTM), at a market cap of $53.59B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
1.10%
Gross Profit Margin TTM
41.77%
Debt To Equity
1.04x
P/S TTM
3.24x
P/B TTM
16.39
Market Cap
$53.59B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Targa Resources Corp. in?

Targa Resources Corp. (TRGP) operates in the Natural Gas Transmission industry.

What is TRGP's market cap?

Targa Resources Corp. (TRGP) has a market capitalization of $53.59B as of 2026-03-31.

What is TRGP's P/E ratio?

Targa Resources Corp. (TRGP)'s trailing twelve month P/E ratio is 23.88x as of 2026-03-31.

What exchange does TRGP trade on?

Targa Resources Corp. (TRGP) trades on the TRGP: NYSE.

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Targa Resources Corp. (TRGP) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 50+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.