Targa Historical Balance Sheet

TRGP Stock

USD 215.72 2.77 1.30%

Trend analysis of Targa Resources balance sheet accounts such as Total Current Liabilities of 3.3 B, Total Stockholder Equity of 2.5 B, Other Liabilities of 456.6 M or Property Plant And Equipment Net of 9.2 B provides information on Targa Resources' total assets, liabilities, and equity, which is the actual value of Targa Resources to its prevalent stockholders. By breaking down trends over time using Targa Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Targa Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Targa Resources is a good buy for the upcoming year.

Targa Resources Inventory

448.59 Million

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.

About Targa Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Targa Resources at a specified time, usually calculated after every quarter, six months, or one year. Targa Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Targa Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Targa currently owns. An asset can also be divided into two categories, current and non-current.

Targa Resources Balance Sheet Chart

At this time, Targa Resources' Non Currrent Assets Other are relatively stable compared to the past year. As of 01/18/2025, Other Assets is likely to grow to about 160.3 M, while Total Stockholder Equity is likely to drop slightly above 2.5 B.

Common Stock Shares Outstanding Total Assets Short Long Term Debt Total Other Current Liab

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Targa Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Targa Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most accounts from Targa Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Targa Resources current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.At this time, Targa Resources' Non Currrent Assets Other are relatively stable compared to the past year. As of 01/18/2025, Other Assets is likely to grow to about 160.3 M, while Total Stockholder Equity is likely to drop slightly above 2.5 B.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	11.6B	13.0B	15.0B	15.7B
Total Assets	19.6B	20.7B	23.8B	12.3B

Short Long Term Debt Total Total Assets

Targa Resources balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Preferred Stock Total Equity
Common Stock Shares Outstanding		0.92	0.66	0.62	0.79	0.78	0.86	0.92	0.26	0.66	-0.31	0.74	0.19	0.92	-0.3	0.18	0.65	0.19	0.81	0.64	0.53	0.52	-0.05	0.7	0.7	0.72
Total Assets	0.92		0.79	0.57	0.82	0.66	0.8	1.0	0.09	0.79	-0.09	0.78	0.17	1.0	-0.16	0.09	0.78	0.17	0.85	0.76	0.66	0.58	-0.13	0.81	0.79	0.6
Short Long Term Debt Total	0.66	0.79		0.72	0.91	0.33	0.54	0.79	-0.17	1.0	0.17	0.92	0.05	0.78	0.15	0.11	1.0	0.05	0.77	1.0	0.94	0.82	-0.21	1.0	0.97	0.38
Other Current Liab	0.62	0.57	0.72		0.84	0.17	0.3	0.58	0.1	0.72	-0.28	0.79	0.09	0.55	0.2	0.28	0.71	0.09	0.77	0.69	0.67	0.78	-0.32	0.73	0.78	0.37
Total Current Liabilities	0.79	0.82	0.91	0.84		0.5	0.62	0.81	-0.08	0.91	0.02	0.96	0.12	0.8	-0.01	0.04	0.9	0.12	0.83	0.89	0.86	0.77	-0.24	0.93	0.94	0.5
Total Stockholder Equity	0.78	0.66	0.33	0.17	0.5		0.9	0.66	0.1	0.32	-0.1	0.43	0.19	0.68	-0.69	-0.07	0.31	0.19	0.35	0.32	0.2	0.07	0.22	0.38	0.35	0.64
Other Liab	0.86	0.8	0.54	0.3	0.62	0.9		0.79	0.02	0.53	0.0	0.58	0.06	0.81	-0.64	-0.1	0.52	0.06	0.62	0.53	0.46	0.34	0.0	0.58	0.56	0.68
Property Plant And Equipment Net	0.92	1.0	0.79	0.58	0.81	0.66	0.79		0.1	0.78	-0.1	0.78	0.18	1.0	-0.15	0.1	0.78	0.18	0.85	0.76	0.65	0.57	-0.1	0.8	0.79	0.61
Current Deferred Revenue	0.26	0.09	-0.17	0.1	-0.08	0.1	0.02	0.1		-0.18	-0.88	-0.14	0.54	0.09	0.04	0.4	-0.16	0.54	0.04	-0.22	-0.3	0.11	-0.17	-0.16	-0.1	0.44
Net Debt	0.66	0.79	1.0	0.72	0.91	0.32	0.53	0.78	-0.18		0.17	0.92	0.03	0.78	0.15	0.11	1.0	0.03	0.78	1.0	0.95	0.82	-0.21	1.0	0.97	0.37
Retained Earnings	-0.31	-0.09	0.17	-0.28	0.02	-0.1	0.0	-0.1	-0.88	0.17		0.08	-0.29	-0.09	0.02	-0.58	0.16	-0.29	-0.09	0.22	0.3	-0.06	0.06	0.15	0.08	-0.32
Accounts Payable	0.74	0.78	0.92	0.79	0.96	0.43	0.58	0.78	-0.14	0.92	0.08		-0.07	0.76	0.06	-0.04	0.92	-0.07	0.85	0.92	0.89	0.72	-0.15	0.94	0.96	0.39
Cash	0.19	0.17	0.05	0.09	0.12	0.19	0.06	0.18	0.54	0.03	-0.29	-0.07		0.17	0.15	0.24	0.04	1.0	-0.06	0.01	-0.11	0.25	-0.09	0.05	0.02	0.63
Non Current Assets Total	0.92	1.0	0.78	0.55	0.8	0.68	0.81	1.0	0.09	0.78	-0.09	0.76	0.17		-0.18	0.09	0.77	0.17	0.83	0.75	0.64	0.55	-0.1	0.79	0.77	0.6
Non Currrent Assets Other	-0.3	-0.16	0.15	0.2	-0.01	-0.69	-0.64	-0.15	0.04	0.15	0.02	0.06	0.15	-0.18		0.23	0.17	0.15	0.05	0.15	0.15	0.24	-0.01	0.11	0.13	-0.27
Other Assets	0.18	0.09	0.11	0.28	0.04	-0.07	-0.1	0.1	0.4	0.11	-0.58	-0.04	0.24	0.09	0.23		0.12	0.24	0.01	0.09	0.02	0.26	0.06	0.09	0.02	0.18
Long Term Debt	0.65	0.78	1.0	0.71	0.9	0.31	0.52	0.78	-0.16	1.0	0.16	0.92	0.04	0.77	0.17	0.12		0.04	0.77	1.0	0.94	0.82	-0.2	0.99	0.97	0.37
Cash And Short Term Investments	0.19	0.17	0.05	0.09	0.12	0.19	0.06	0.18	0.54	0.03	-0.29	-0.07	1.0	0.17	0.15	0.24	0.04		-0.06	0.01	-0.11	0.25	-0.09	0.05	0.02	0.63
Net Receivables	0.81	0.85	0.77	0.77	0.83	0.35	0.62	0.85	0.04	0.78	-0.09	0.85	-0.06	0.83	0.05	0.01	0.77	-0.06		0.76	0.75	0.71	-0.28	0.79	0.84	0.48
Non Current Liabilities Total	0.64	0.76	1.0	0.69	0.89	0.32	0.53	0.76	-0.22	1.0	0.22	0.92	0.01	0.75	0.15	0.09	1.0	0.01	0.76		0.94	0.8	-0.16	0.99	0.97	0.36
Inventory	0.53	0.66	0.94	0.67	0.86	0.2	0.46	0.65	-0.3	0.95	0.3	0.89	-0.11	0.64	0.15	0.02	0.94	-0.11	0.75	0.94		0.84	-0.37	0.94	0.91	0.25
Other Current Assets	0.52	0.58	0.82	0.78	0.77	0.07	0.34	0.57	0.11	0.82	-0.06	0.72	0.25	0.55	0.24	0.26	0.82	0.25	0.71	0.8	0.84		-0.56	0.82	0.82	0.48
Other Stockholder Equity	-0.05	-0.13	-0.21	-0.32	-0.24	0.22	0.0	-0.1	-0.17	-0.21	0.06	-0.15	-0.09	-0.1	-0.01	0.06	-0.2	-0.09	-0.28	-0.16	-0.37	-0.56		-0.2	-0.21	-0.04
Total Liab	0.7	0.81	1.0	0.73	0.93	0.38	0.58	0.8	-0.16	1.0	0.15	0.94	0.05	0.79	0.11	0.09	0.99	0.05	0.79	0.99	0.94	0.82	-0.2		0.98	0.42
Property Plant And Equipment Gross	0.7	0.79	0.97	0.78	0.94	0.35	0.56	0.79	-0.1	0.97	0.08	0.96	0.02	0.77	0.13	0.02	0.97	0.02	0.84	0.97	0.91	0.82	-0.21	0.98		0.42
Preferred Stock Total Equity	0.72	0.6	0.38	0.37	0.5	0.64	0.68	0.61	0.44	0.37	-0.32	0.39	0.63	0.6	-0.27	0.18	0.37	0.63	0.48	0.36	0.25	0.48	-0.04	0.42	0.42

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Targa Resources Account Relationship Matchups

Targa Resources balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	232.2M	228.6M	231.1M	226M	259.9M	134.9M
Total Assets	15.9B	15.2B	19.6B	20.7B	23.8B	12.3B
Short Long Term Debt Total	7.8B	6.6B	11.6B	13.0B	15.0B	15.7B
Other Current Liab	577M	720.6M	749.3M	565.3M	650.1M	682.6M
Total Current Liabilities	1.8B	2.3B	3.1B	2.8B	3.2B	3.3B
Total Stockholder Equity	3.0B	2.8B	2.7B	2.7B	3.2B	2.5B
Other Liab	733.4M	458.4M	512.4M	780.4M	897.5M	456.6M
Property Plant And Equipment Net	12.2B	11.7B	14.2B	15.8B	18.2B	9.2B
Current Deferred Revenue	434.4M	475.2M	327.7M	21.8M	25.1M	23.8M
Net Debt	7.6B	6.5B	11.3B	12.9B	14.8B	15.5B
Retained Earnings	(1.9B)	(1.8B)	(626.8M)	492M	442.8M	464.9M
Accounts Payable	833.8M	1.4B	1.4B	1.6B	1.8B	1.9B
Cash	242.8M	158.5M	219M	141.7M	127.5M	142.5M
Non Current Assets Total	14.4B	13.4B	17.2B	18.5B	21.2B	11.0B
Non Currrent Assets Other	96.1M	81.7M	(204.8M)	173.9M	156.5M	164.3M
Other Assets	47.4M	860M	89.4M	122.9M	141.3M	160.3M
Long Term Debt	7.4B	6.4B	10.5B	12.1B	13.9B	14.6B
Cash And Short Term Investments	242.8M	158.5M	219M	141.7M	127.5M	142.5M
Net Receivables	862.8M	1.3B	1.4B	1.5B	1.7B	850.6M
Liabilities And Stockholders Equity	15.9B	15.2B	19.6B	20.7B	23.8B	12.3B
Non Current Liabilities Total	7.9B	7.0B	11.5B	14.7B	16.9B	17.7B
Inventory	181.5M	153.4M	393.8M	371.5M	427.2M	448.6M
Other Current Assets	173.2M	126M	335.4M	210.4M	242.0M	254.1M
Other Stockholder Equity	4.7B	4.1B	(35.9B)	2.2B	1.9B	2.0B
Total Liab	9.7B	9.3B	14.6B	16.1B	18.5B	19.4B
Property Plant And Equipment Gross	12.2B	20.6B	23.9B	26.3B	30.2B	31.7B
Total Current Assets	1.5B	1.8B	2.4B	2.2B	2.5B	1.4B
Accumulated Other Comprehensive Income	(141.8M)	(230.9M)	54.7M	85.6M	77.0M	80.9M
Treasury Stock	(53.5M)	(150.9M)	(204.1M)	(464.7M)	(418.2M)	(397.3M)
Short Term Debt	368.6M	175.6M	868.6M	620.7M	713.8M	749.5M
Property Plant Equipment	14.6B	12.2B	11.7B	14.2B	16.3B	8.7B
Net Tangible Assets	3.1B	1.6B	1.7B	(68.9M)	(79.2M)	(75.3M)
Noncontrolling Interest In Consolidated Entity	3.5B	3.2B	3.2B	2.3B	2.7B	2.5B
Retained Earnings Total Equity	(339.6M)	(1.9B)	(1.8B)	(626.8M)	(564.1M)	(592.3M)
Short Term Investments	85.5M	43.1M	179.9M	111.9M	128.7M	135.1M
Long Term Debt Total	7.4B	7.4B	6.4B	10.7B	12.3B	12.9B
Capital Surpluse	5.2B	4.8B	4.3B	3.7B	4.3B	3.8B

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

0.81	AM	Antero Midstream Partners	Pair Corr
0.74	EE	Excelerate Energy	Pair Corr
0.7	ET	Energy Transfer LP Aggressive Push	Pair Corr

Moving against Targa Stock

0.39	BROGW	Brooge Energy Limited	Pair Corr
0.37	GEL	Genesis Energy LP	Pair Corr

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 Correlation Correlation 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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Targa Historical Balance Sheet

Targa Resources Inventory

448.59 Million

About Targa Balance Sheet Analysis

Targa Resources Balance Sheet Chart

Common Stock Shares Outstanding

Total Assets

Targa Resources balance sheet Correlations

Targa Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Targa Resources balance sheet Accounts

Pair Trading with Targa Resources

Moving together with Targa Stock

Moving against Targa Stock

Additional Tools for Targa Stock Analysis

COMMON DESTINATIONS

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Retained Earnings	- 0.88	Current Deferred Revenue
Non Currrent Assets Other	- 0.69	Total Stockholder Equity
Non Currrent Assets Other	- 0.64	Other Liab
Other Assets	- 0.58	Retained Earnings
Other Stockholder Equity	- 0.56	Other Current Assets
Other Stockholder Equity	- 0.37	Inventory