Targa Financial Statements From 2010 to 2025

TRGP Stock  USD 205.21  2.35  1.16%   
Targa Resources financial statements provide useful quarterly and yearly information to potential Targa Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Targa Resources financial statements helps investors assess Targa Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Targa Resources' valuation are summarized below:
Gross Profit
5.5 B
Profit Margin
0.0777
Market Capitalization
44.7 B
Enterprise Value Revenue
3.6042
Revenue
16.2 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 01/31/2025, Market Cap is likely to grow to about 10.4 B

Targa Resources Total Revenue

10.28 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 1.6 B, Interest Expense of 830.5 M or Selling General Administrative of 220.9 M, as well as many indicators such as Price To Sales Ratio of 1.15, Dividend Yield of 0.0239 or PTB Ratio of 8.58. Targa financial statements analysis is a perfect complement when working with Targa Resources Valuation or Volatility modules.
  
Check out the analysis of Targa Resources Correlation against competitors.
To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.

Targa Resources Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding134.9 M259.9 M149.3 M
Slightly volatile
Total Assets12.3 B23.8 B13 B
Slightly volatile
Short and Long Term Debt Total15.7 B15 BB
Slightly volatile
Other Current Liabilities682.6 M650.1 M333.9 M
Slightly volatile
Total Current Liabilities3.3 B3.2 B1.8 B
Slightly volatile
Total Stockholder Equity2.5 B3.2 B2.6 B
Slightly volatile
Other Liabilities456.6 M897.5 M510.4 M
Slightly volatile
Property Plant And Equipment Net9.2 B18.2 B9.8 B
Slightly volatile
Current Deferred Revenue23.8 M25.1 M183.7 M
Very volatile
Net Debt15.5 B14.8 B6.8 B
Slightly volatile
Accounts Payable1.9 B1.8 B978.5 M
Slightly volatile
Cash142.5 M127.5 M167.4 M
Very volatile
Non Current Assets Total11 B21.2 B11.7 B
Slightly volatile
Other Assets160.3 M141.3 M150.1 M
Pretty Stable
Long Term Debt14.6 B13.9 B6.6 B
Slightly volatile
Cash And Short Term Investments142.5 M127.5 M167.4 M
Very volatile
Net Receivables850.6 M1.7 B877.7 M
Slightly volatile
Liabilities And Stockholders Equity12.3 B23.8 B13 B
Slightly volatile
Non Current Liabilities Total17.7 B16.9 B7.5 B
Slightly volatile
Inventory448.6 M427.2 M210.3 M
Slightly volatile
Other Current Assets254.1 M242 M113.1 M
Slightly volatile
Total Liabilities19.4 B18.5 BB
Slightly volatile
Property Plant And Equipment Gross31.7 B30.2 B13.8 B
Slightly volatile
Total Current Assets1.4 B2.5 B1.4 B
Slightly volatile
Short Term Debt749.5 M713.8 M373.1 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 Investments333.1 M168.2 M259.1 M
Slightly volatile
Non Current Liabilities Other7.4 M7.8 M123.9 M
Pretty Stable
Intangible Assets1.7 B2.7 B1.5 B
Slightly volatile
Short and Long Term Debt473.7 M661.2 M385.8 M
Slightly volatile
Warrants905.3 M862.2 M399.7 M
Slightly volatile
Net Invested Capital13.4 B17.7 B12.2 B
Slightly volatile
Capital Stock171 K180 K17.6 M
Very volatile
Capital Lease Obligations418.2 M398.2 M150.5 M
Slightly volatile

Targa Resources Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization1.6 B1.5 B573 M
Slightly volatile
Interest Expense830.5 M791 M339.6 M
Slightly volatile
Selling General Administrative220.9 M401 M223.1 M
Slightly volatile
Total Revenue10.3 B18.5 B10.5 B
Slightly volatile
Gross Profit4.9 B4.7 BB
Slightly volatile
Other Operating Expenses9.5 B15.4 B9.6 B
Slightly volatile
Cost Of Revenue8.6 B13.8 B8.7 B
Slightly volatile
Total Operating Expenses888.4 M1.6 B896.2 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 B1.5 B936.8 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

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation37 M71.8 M39.3 M
Slightly volatile
Begin Period Cash Flow198.4 M251.8 M170 M
Slightly volatile
Depreciation1.6 B1.5 B781.9 M
Slightly volatile
Dividends Paid485.3 M491.4 M446.7 M
Pretty Stable
Capital Expenditures2.9 B2.7 B1.4 B
Slightly volatile
Total Cash From Operating Activities3.9 B3.7 B1.6 B
Slightly volatile
End Period Cash Flow142.5 M127.5 M167.4 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

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.151.090.7667
Slightly volatile
Dividend Yield0.02390.02520.2185
Slightly volatile
PTB Ratio8.588.198.0206
Slightly volatile
Days Sales Outstanding24.7130.0930.3321
Pretty Stable
Book Value Per Share22.4223.637.5863
Slightly volatile
Operating Cash Flow Per Share12.2516.4410.4292
Pretty Stable
Stock Based Compensation To Revenue0.00290.00350.0037
Slightly volatile
Capex To Depreciation1.391.611.8449
Pretty Stable
PB Ratio8.588.198.0206
Slightly volatile
EV To Sales0.941.811.2912
Slightly volatile
Inventory Turnover62.9537.1751.6641
Pretty Stable
Days Of Inventory On Hand5.9410.167.9575
Slightly volatile
Payables Turnover14.568.7712.4005
Slightly volatile
Sales General And Administrative To Revenue0.0180.01950.0218
Very volatile
Capex To Revenue0.0880.130.1228
Pretty Stable
Cash Per Share0.690.732.0459
Slightly volatile
POCF Ratio4.585.476.1
Very volatile
Capex To Operating Cash Flow0.850.671.0904
Pretty Stable
Days Payables Outstanding28.2443.0937.2752
Slightly volatile
EV To Operating Cash Flow8.539.0710.8623
Very volatile
Current Ratio1.110.910.9727
Slightly volatile
Tangible Book Value Per Share10.9911.5726.1254
Slightly volatile
Receivables Turnover13.8212.5612.7705
Slightly volatile
Graham Number38.3236.521.1335
Slightly volatile
Shareholders Equity Per Share11.4910.9814.2435
Pretty Stable
Debt To Equity9.045.467.312
Slightly volatile
Capex Per Share11.3712.2110.3287
Pretty Stable
Average Receivables468.3 M566.2 M582.3 M
Pretty Stable
Revenue Per Share16382.23105
Slightly volatile
Interest Debt Per Share69.8570.1453.8553
Very volatile
Debt To Assets0.380.570.4688
Pretty Stable
Short Term Coverage Ratios9.646.426.6738
Pretty Stable
Operating Cycle30.6640.2538.2902
Pretty Stable
Price Book Value Ratio8.588.198.0206
Slightly volatile
Days Of Payables Outstanding28.2443.0937.2752
Slightly volatile
Price To Operating Cash Flows Ratio4.585.476.1
Very volatile
Company Equity Multiplier8.248.6814.2513
Slightly volatile
Long Term Debt To Capitalization0.850.940.7651
Pretty Stable
Total Debt To Capitalization0.860.950.7752
Pretty Stable
Debt Equity Ratio9.045.467.312
Slightly volatile
Quick Ratio0.970.760.8423
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.331.311.1427
Pretty Stable
Cash Ratio0.05610.0590.1425
Slightly volatile
Operating Cash Flow Sales Ratio0.190.180.1256
Slightly volatile
Days Of Inventory Outstanding5.9410.167.9575
Slightly volatile
Days Of Sales Outstanding24.7130.0930.3321
Pretty Stable
Cash Flow Coverage Ratios0.160.220.2044
Pretty Stable
Price To Book Ratio8.588.198.0206
Slightly volatile
Fixed Asset Turnover1.561.171.342
Slightly volatile
Capital Expenditure Coverage Ratio1.721.551.4582
Pretty Stable
Price Cash Flow Ratio4.585.476.1
Very volatile
Debt Ratio0.380.570.4688
Pretty Stable
Cash Flow To Debt Ratio0.160.220.2044
Pretty Stable
Price Sales Ratio1.151.090.7667
Slightly volatile
Asset Turnover1.160.890.99
Slightly volatile
Gross Profit Margin0.130.230.1613
Slightly volatile
Price Fair Value8.588.198.0206
Slightly volatile

Targa Resources Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap10.4 B9.3 B9.4 B
Slightly volatile
Enterprise Value16.5 B17 B15.2 B
Slightly volatile

Targa Fundamental Market Drivers

Forward Price Earnings26.2467
Cash And Short Term Investments141.7 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 Revenue18.5 B10.3 B
Cost Of Revenue13.8 B8.6 B
Sales General And Administrative To Revenue 0.02  0.02 
Capex To Revenue 0.13  0.09 
Revenue Per Share 82.23  163.34 
Ebit Per Revenue 0.16  0.15 

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

  0.88AM Antero Midstream PartnersPairCorr
  0.68ET Energy Transfer LPPairCorr

Moving against Targa Stock

  0.31LPG Dorian LPGPairCorr
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.