Targa Resources (TRGP) Stock: Charts & Financials

Targa Resources Corp. (TRGP)TRGPTarga Resources Corp.

About Targa Resources Corp.

Targa Resources Corp., alongside its subsidiary Targa Resources Partners LP, is a significant entity in the North American midstream energy sector, focusing on the ownership, operation, acquisition, and development of crucial energy infrastructure assets. Its business is structured into two main divisions: "Gathering and Processing" and "Logistics and Transportation." Within these segments, the company undertakes a broad range of activities, including the collection, compression, treatment, processing, transport, and sale of natural gas. It also manages the storage, fractionation, treatment, transportation, and distribution of natural gas liquids (NGLs) and their associated products, providing services even to liquefied petroleum gas (LPG) exporters. Furthermore, Targa handles the gathering, storage, terminaling, purchasing, and selling of crude oil. Beyond these core operations, the company is involved in the procurement and resale of NGL products, wholesale propane distribution, and providing related logistics support to a diverse clientele, including multi-state retailers, independent businesses, and end-users. It also offers NGL balancing services and transportation solutions for refineries and petrochemical companies situated in the Gulf Coast region, while actively purchasing, marketing, and reselling natural gas. The company's extensive asset base features approximately 28,400 miles of natural gas pipelines, including 42 owned and managed processing plants, and it operates 34 storage wells with a substantial gross capacity of about 76 million barrels. As of December 31, 2021, its transportation fleet comprised approximately 648 leased and managed railcars, 119 transport tractors, and two company-owned pressurized NGL barges. Targa Resources Corp. was established in 2005 and is headquartered in Houston, Texas.

Houston, TX

3,570 employees

www.targaresources.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Matthew J. Meloy

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Total Current Assets	N/A	N/A	2.44B	2.36B	2.28B	2.21B	2.08B	2.30B	2.03B
Cash & Cash Equivalents	N/A	N/A	100.10M	166.10M	124.10M	113.10M	151.40M	157.30M	127.20M
Short-Term Investments	N/A	N/A	0.00	0.00	99.80M	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	N/A	N/A	100.10M	166.10M	223.90M	113.10M	151.40M	157.30M	127.20M
Accounts Receivable	N/A	N/A	1.69B	1.47B	1.41B	1.41B	1.40B	1.62B	1.30B
Inventory	0.00	0.00	334.40M	429.30M	490.70M	443.50M	256.20M	334.30M	414.90M
Total Assets	N/A	N/A	27.11B	25.22B	24.17B	23.51B	22.80B	22.73B	21.90B
Property, Plant & Equipment	N/A	N/A	21.77B	20.63B	19.61B	19.02B	18.41B	18.06B	17.43B
Goodwill	N/A	N/A	0.00	112.30M	0.00	0.00	0.00	0.00	0.00
Intangible Assets	N/A	N/A	2.20B	1.65B	1.73B	1.81B	1.90B	1.98B	2.07B
Long-Term Investments	N/A	N/A	315.00M	307.10M	349.10M	268.60M	217.60M	193.30M	177.30M
Total Current Liabilities	N/A	N/A	3.40B	3.55B	2.95B	3.18B	3.20B	3.17B	2.63B
Accounts Payable	N/A	N/A	1.99B	1.87B	1.58B	1.73B	1.89B	2.01B	1.47B
Short-Term Debt	N/A	N/A	600.00M	677.00M	689.30M	703.30M	600.00M	330.00M	600.00M
Total Liabilities	N/A	N/A	23.84B	22.02B	21.34B	20.80B	20.23B	18.32B	17.45B
Long-Term Debt	N/A	N/A	18.19B	16.40B	16.47B	15.84B	15.31B	13.55B	13.36B
Total Debt	N/A	N/A	19.13B	17.55B	17.43B	16.85B	16.21B	14.27B	14.34B
Net Debt (Cash)	N/A	N/A	19.03B	17.38B	17.31B	16.74B	16.06B	14.11B	14.21B
Total Shareholders' Equity	N/A	N/A	3.14B	3.07B	2.71B	2.59B	2.45B	2.59B	2.57B
Common Stock	N/A	N/A	200K	200K	200K	200K	200K	200K	200K
Retained Earnings	N/A	N/A	2.56B	2.29B	1.97B	1.71B	1.30B	1.19B	1.00B
Current Ratio	N/A	N/A	0.72	0.67	0.77	0.69	0.65	0.72	0.77
Debt to Equity Ratio	N/A	N/A	6.10	5.72	6.44	6.51	6.61	5.50	5.57

Quarterly Report

TTM

Quarter ended Jun 2026

Quarter ended Mar 2026

Quarter ended Dec 2025

Quarter ended Sep 2025

Quarter ended Jun 2025

Quarter ended Mar 2025

Quarter ended Dec 2024

Quarter ended Sep 2024

Total Current Assets

N/A

2.44B

2.36B

2.28B

2.21B

2.08B

2.30B

2.03B

Cash & Cash Equivalents

N/A

100.10M

166.10M

124.10M

113.10M

151.40M

157.30M

127.20M

Short-Term Investments

N/A

0.00

99.80M

0.00

Cash & Short-Term Investments

N/A

100.10M

166.10M

223.90M

113.10M

151.40M

157.30M

127.20M

Accounts Receivable

N/A

1.69B

1.47B

1.41B

1.40B

1.62B

1.30B

Inventory

0.00

334.40M

429.30M

490.70M

443.50M

256.20M

334.30M

414.90M

Total Assets

N/A

27.11B

25.22B

24.17B

23.51B

22.80B

22.73B

21.90B

Property, Plant & Equipment

N/A

21.77B

20.63B

19.61B

19.02B

18.41B

18.06B

17.43B

Goodwill

N/A

0.00

112.30M

0.00

Intangible Assets

N/A

2.20B

1.65B

1.73B

1.81B

1.90B

1.98B

2.07B

Long-Term Investments

N/A

315.00M

307.10M

349.10M

268.60M

217.60M

193.30M

177.30M

Total Current Liabilities

N/A

3.40B

3.55B

2.95B

3.18B

3.20B

3.17B

2.63B

Accounts Payable

N/A

1.99B

1.87B

1.58B

1.73B

1.89B

2.01B

1.47B

Short-Term Debt

N/A

600.00M

677.00M

689.30M

703.30M

600.00M

330.00M

600.00M

Total Liabilities

N/A

23.84B

22.02B

21.34B

20.80B

20.23B

18.32B

17.45B

Long-Term Debt

N/A

18.19B

16.40B

16.47B

15.84B

15.31B

13.55B

13.36B

Total Debt

N/A

19.13B

17.55B

17.43B

16.85B

16.21B

14.27B

14.34B

Net Debt (Cash)

N/A

19.03B

17.38B

17.31B

16.74B

16.06B

14.11B

14.21B

Total Shareholders' Equity

N/A

3.14B

3.07B

2.71B

2.59B

2.45B

2.59B

2.57B

Common Stock

N/A

200K

Retained Earnings

N/A

2.56B

2.29B

1.97B

1.71B

1.30B

1.19B

1.00B

Current Ratio

N/A

0.72

0.67

0.77

0.69

0.65

0.72

0.77

Debt to Equity Ratio

N/A

6.10

5.72

6.44

6.51

6.61

5.50

5.57

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	2.36B	2.30B	2.19B	2.36B	1.77B	1.46B	1.66B	1.42B
Cash & Cash Equivalents	166.10M	157.30M	141.70M	219.00M	158.50M	242.80M	331.10M	232.10M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	166.10M	157.30M	141.70M	219.00M	158.50M	242.80M	331.10M	232.10M
Accounts Receivable	1.47B	1.62B	1.47B	1.41B	1.33B	862.80M	855.00M	865.50M
Inventory	429.30M	334.30M	371.50M	393.80M	153.40M	181.50M	161.50M	164.70M
Total Assets	25.22B	22.73B	20.67B	19.56B	15.21B	15.88B	18.82B	16.94B
Property, Plant & Equipment	20.63B	18.06B	15.81B	14.21B	11.67B	12.17B	14.55B	12.93B
Goodwill	112.30M	0.00	0.00	0.00	0.00	0.00	45.20M	46.60M
Intangible Assets	1.65B	1.98B	2.35B	2.73B	1.09B	1.38B	1.74B	1.98B
Long-Term Investments	307.10M	193.30M	146.30M	131.30M	586.50M	714.00M	738.70M	490.50M
Total Current Liabilities	3.55B	3.17B	2.76B	3.07B	2.30B	1.78B	1.87B	2.80B
Accounts Payable	1.87B	2.01B	1.57B	1.45B	1.40B	833.80M	954.80M	1.20B
Short-Term Debt	677.00M	330.00M	575.00M	800.00M	150.00M	356.50M	370.00M	1.03B
Total Liabilities	22.02B	18.32B	16.06B	14.58B	10.03B	9.97B	10.37B	9.47B
Long-Term Debt	16.40B	13.55B	12.09B	10.51B	6.42B	7.37B	7.41B	5.63B
Total Debt	17.55B	14.27B	13.01B	11.56B	6.63B	7.80B	7.87B	6.66B
Net Debt (Cash)	17.38B	14.11B	12.87B	11.35B	6.47B	7.56B	7.54B	6.43B
Total Shareholders' Equity	3.07B	2.59B	2.74B	2.67B	2.01B	2.65B	4.92B	6.08B
Common Stock	200K	200K	200K	200K	200K	200K	200K	200K
Retained Earnings	2.29B	1.19B	492.00M	-626.80M	-1.82B	-1.89B	-339.60M	-130.40M
Current Ratio	0.67	0.72	0.79	0.77	0.77	0.82	0.89	0.51
Debt to Equity Ratio	5.72	5.50	4.75	4.34	3.30	2.94	1.60	1.10

Annual Report

12/31/2025

12/31/2024

12/31/2023

12/31/2022

12/31/2021

12/31/2020

12/31/2019

12/31/2018

Total Current Assets

2.36B

2.30B

2.19B

2.36B

1.77B

1.46B

1.66B

1.42B

Cash & Cash Equivalents

166.10M

157.30M

141.70M

219.00M

158.50M

242.80M

331.10M

232.10M

Short-Term Investments

0.00

Cash & Short-Term Investments

166.10M

157.30M

141.70M

219.00M

158.50M

242.80M

331.10M

232.10M

Accounts Receivable

1.47B

1.62B

1.47B

1.41B

1.33B

862.80M

855.00M

865.50M

Inventory

429.30M

334.30M

371.50M

393.80M

153.40M

181.50M

161.50M

164.70M

Total Assets

25.22B

22.73B

20.67B

19.56B

15.21B

15.88B

18.82B

16.94B

Property, Plant & Equipment

20.63B

18.06B

15.81B

14.21B

11.67B

12.17B

14.55B

12.93B

Goodwill

112.30M

0.00

45.20M

46.60M

Intangible Assets

1.65B

1.98B

2.35B

2.73B

1.09B

1.38B

1.74B

1.98B

Long-Term Investments

307.10M

193.30M

146.30M

131.30M

586.50M

714.00M

738.70M

490.50M

Total Current Liabilities

3.55B

3.17B

2.76B

3.07B

2.30B

1.78B

1.87B

2.80B

Accounts Payable

1.87B

2.01B

1.57B

1.45B

1.40B

833.80M

954.80M

1.20B

Short-Term Debt

677.00M

330.00M

575.00M

800.00M

150.00M

356.50M

370.00M

1.03B

Total Liabilities

22.02B

18.32B

16.06B

14.58B

10.03B

9.97B

10.37B

9.47B

Long-Term Debt

16.40B

13.55B

12.09B

10.51B

6.42B

7.37B

7.41B

5.63B

Total Debt

17.55B

14.27B

13.01B

11.56B

6.63B

7.80B

7.87B

6.66B

Net Debt (Cash)

17.38B

14.11B

12.87B

11.35B

6.47B

7.56B

7.54B

6.43B

Total Shareholders' Equity

3.07B

2.59B

2.74B

2.67B

2.01B

2.65B

4.92B

6.08B

Common Stock

200K

Retained Earnings

2.29B

1.19B

492.00M

-626.80M

-1.82B

-1.89B

-339.60M

-130.40M

Current Ratio

0.67

0.72

0.79

0.77

0.82

0.89

0.51

Debt to Equity Ratio

5.72

5.50

4.75

4.34

3.30

2.94

1.60

1.10

Balance Sheet

Quarterly Balance Sheet (USD)

Annual Balance Sheet (USD)