Targa Resources (TRGP) Quick Ratio: History & Chart

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

View full financials

TRGP Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

0.00

QUICK RATIO (ACID-TEST) AVG TTM

0.47

QUICK RATIO (ACID-TEST) AVG 3Y

0.60

QUICK RATIO (ACID-TEST) AVG 5Y

0.60

QUICK RATIO (ACID-TEST) AVG 10Y

0.64

QUICK RATIO (ACID-TEST) AVG 15Y

0.76

QUICK RATIO (ACID-TEST) AVG 20Y

N/A

CURRENT VS TTM AVG

-100.00%

CURRENT VS 3Y AVG

-100.00%

CURRENT VS 5Y AVG

-100.00%

CURRENT VS 10Y AVG

-100.00%

CURRENT VS 15Y AVG

-100.00%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · ENERGY

1.00

median of 32 covered companies

CURRENT VS SECTOR MEDIAN

-100.00%

vs the sector median at left

NAME	MARKET CAP	QUICK RATIO (ACID-TEST)	TTM	3Y	5Y
Targa Resources Corp. (TRGP)	$55.14B	0.00	0.47	0.60	0.60
Occidental Petroleum Corporation (OXY)vs ›	$55.61B	N/A	0.73	0.76	0.81
ONEOK, Inc. (OKE)vs ›	$54.46B	0.56	0.65	0.65	0.71
Diamondback Energy, Inc. (FANG)vs ›	$52.90B	0.45	0.41	0.58	0.62
Baker Hughes Company (BKR)vs ›	$61.10B	1.76	0.97	0.93	1.01
Cameco Corporation (CCJ)vs ›	$42.42B	2.09	1.24	1.94	2.60
Kinder Morgan, Inc. (KMI)vs ›	$68.70B	0.41	0.45	0.41	0.46
Energy Transfer LP (ET)vs ›	$69.27B	N/A	0.89	0.89	0.85
Suncor Energy Inc. (SU)vs ›	$70.96B	0.92	0.88	0.84	0.76
EOG Resources, Inc. (EOG)vs ›	$71.77B	1.91	1.77	1.85	1.81

NAME

MARKET CAP

QUICK RATIO (ACID-TEST)

TTM

Targa Resources Corp. (TRGP)

$55.14B

0.00

0.47

0.60

Occidental Petroleum Corporation (OXY)vs ›

$55.61B

N/A

0.73

0.76

0.81

ONEOK, Inc. (OKE)vs ›

$54.46B

0.56

0.65

0.71

Diamondback Energy, Inc. (FANG)vs ›

$52.90B

0.45

0.41

0.58

0.62

Baker Hughes Company (BKR)vs ›

$61.10B

1.76

0.97

0.93

1.01

Cameco Corporation (CCJ)vs ›

$42.42B

2.09

1.24

1.94

2.60

Kinder Morgan, Inc. (KMI)vs ›

$68.70B

0.41

0.45

0.41

0.46

Energy Transfer LP (ET)vs ›

$69.27B

N/A

0.89

0.85

Suncor Energy Inc. (SU)vs ›

$70.96B

0.92

0.88

0.84

0.76

EOG Resources, Inc. (EOG)vs ›

$71.77B

1.91

1.77

1.85

1.81

Quick Ratio (Acid-Test) FAQ

What is the quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The quick ratio (acid-test) for TRGP stock is 0.00.

Is Targa Resources Corp.'s quick ratio (acid-test) high or low?

The quick ratio (acid-test) of 0.00 is 100% below its 5-year average of 0.58, near the low end of its 5-year range (0.00–0.70).

What is the TTM average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The TTM average quick ratio (acid-test) for TRGP stock is 0.47.

What is the 3Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The 3Y average quick ratio (acid-test) for TRGP stock is 0.60.

What is the 5Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The 5Y average quick ratio (acid-test) for TRGP stock is 0.60.

What is the 10Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The 10Y average quick ratio (acid-test) for TRGP stock is 0.64.

What is the 15Y average quick ratio (acid-test) for Targa Resources Corp. (TRGP)?

The 15Y average quick ratio (acid-test) for TRGP stock is 0.76.

DATE	QUICK RATIO (ACID-TEST)
2026-06-30	0.00
2026-03-31	0.62
2025-12-31	0.55
2025-09-30	0.61
2025-06-30	0.56
2025-03-31	0.57
2024-12-31	0.62
2024-09-30	0.61
2024-06-30	0.53
2024-03-31	0.62
2023-12-31	0.66
2023-09-30	0.60
2023-06-30	0.61
2023-03-31	0.60
2022-12-31	0.64
2022-09-30	0.60
2022-06-30	0.62
2022-03-31	0.62
2021-12-31	0.70
2021-09-30	0.58
2021-06-30	0.60
2021-03-31	0.77
2020-12-31	0.72
2020-09-30	0.86
2020-06-30	0.76
2020-03-31	0.93
2019-12-31	0.80
2019-09-30	0.76
2019-06-30	0.61
2019-03-31	0.48
2018-12-31	0.45
2018-09-30	0.61
2018-06-30	0.64
2018-03-31	0.77
2017-12-31	0.66
2017-09-30	0.57
2017-06-30	0.51
2017-03-31	0.52
2016-12-31	0.74
2016-09-30	0.87
2016-06-30	0.80
2016-03-31	0.94
2015-12-31	0.89
2015-09-30	0.99
2015-06-30	0.99
2015-03-31	1.01
2014-12-31	0.86
2014-09-30	1.00
2014-06-30	0.96
2014-03-31	0.95
2013-12-31	0.97
2013-09-30	0.88
2013-06-30	0.92
2013-03-31	0.89
2012-12-31	0.92
2012-09-30	1.11
2012-06-30	1.15
2012-03-31	1.11
2011-12-31	1.04
2011-09-30	1.12
2011-06-30	1.01
2011-03-31	1.17
2010-12-31	1.12
2010-09-30	1.12
2010-06-30	1.13
2010-03-31	0.00
2009-12-31	1.27
2009-09-30	0.00

DATE

QUICK RATIO (ACID-TEST)

2026-06-30

0.00

2026-03-31

0.62

2025-12-31

0.55

2025-09-30

0.61

2025-06-30

0.56

2025-03-31

0.57

2024-12-31

0.62

2024-09-30

0.61

2024-06-30

0.53

2024-03-31

0.62

2023-12-31

0.66

2023-09-30

0.60

2023-06-30

0.61

2023-03-31

0.60

2022-12-31

0.64

2022-09-30

0.60

2022-06-30

0.62

2022-03-31

0.62

2021-12-31

0.70

2021-09-30

0.58

2021-06-30

0.60

2021-03-31

0.77

2020-12-31

0.72

2020-09-30

0.86

2020-06-30

0.76

2020-03-31

0.93

2019-12-31

0.80

2019-09-30

0.76

2019-06-30

0.61

2019-03-31

0.48

2018-12-31

0.45

2018-09-30

0.61

2018-06-30

0.64

2018-03-31

0.77

2017-12-31

0.66

2017-09-30

0.57

2017-06-30

0.51

2017-03-31

0.52

2016-12-31

0.74

2016-09-30

0.87

2016-06-30

0.80

2016-03-31

0.94

2015-12-31

0.89

2015-09-30

0.99

2015-06-30

0.99

2015-03-31

1.01

2014-12-31

0.86

2014-09-30

1.00

2014-06-30

0.96

2014-03-31

0.95

2013-12-31

0.97

2013-09-30

0.88

2013-06-30

0.92

2013-03-31

0.89

2012-12-31

0.92

2012-09-30

1.11

2012-06-30

1.15

2012-03-31

1.11

2011-12-31

1.04

2011-09-30

1.12

2011-06-30

1.01

2011-03-31

1.17

2010-12-31

1.12

2010-09-30

1.12

2010-06-30

1.13

2010-03-31

0.00

2009-12-31

1.27

2009-09-30

0.00

Quick Ratio (Acid-Test): 0.00

TRGP Quick Ratio

TRGP Average Quick Ratio (Acid-Test) Chart

TRGP Current vs Average Quick Ratio (Acid-Test) Chart

TRGP Quick Ratio (Acid-Test) Metrics

TRGP Competitors' Quick Ratio (Acid-Test)

Liquidity Comparison

Quick Ratio (Acid-Test) Formula & Definition

Quick Ratio (Acid-Test) FAQ

TRGP Quick Ratio (Acid-Test) History

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