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General information

Country: UNITED STATES

Sector: Oil and Gas Midstream

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels...
Website: targaresources.com



Growth: Pretty weak revenue growth rate 7.8%, there is acceleration compared to average historical growth rates -7.8%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +26.7%. On average the margin is improving unsteadily. Gross margin is normal, +23.3%. In the last quarter the company did not beat the estimated EPS, -97.9%. The company was ahead of estimated EPS in 40% of quarters (showing a gain of -$0.43 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 2.1%. Free cash flow yield -3.1% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 188.0% higher than minimum and 11.4% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.6x by EV / Sales multiple , the company can be 26.0% overvalued

Insiders: For the last 3 months insiders sold company shares on $3.9 mln (-0.010% of cap.)

Key Financials (Download financials)

Ticker: TRGP
Share price, USD:  (0.0%)192.52
year average price 173.96  


year start price 201.42 2025-02-08

max close price 210.29 2025-02-19

min close price 146.30 2025-10-16

current price 192.52 2026-02-07
Common stocks: 227 300 000

Dividend Yield:  2.1%
FCF Yield LTM: -3.1%
EV / LTM EBITDA: 13.2x
EV / EBITDA annualized: 12.5x
Last revenue growth (y/y):  +7.8%
Last growth of EBITDA (y/y):  +11.9%
Historical revenue growth:  -7.8%
Historical growth of EBITDA:  +64.7%
EV / Sales: 3.5x
Margin (EBITDA LTM / Revenue): 26.7%
Fundamental value created in LTM:
Market Cap ($m): 43 760
Net Debt ($m): 17 586
EV (Enterprise Value): 61 346
Price to Book: 16.2x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2025-12-01wsj.com

Targa Resources to Acquire Stakeholder Midstream for $1.25 Billion

2025-12-01reuters.com

Targa Resources to acquire Stakeholder Midstream for $1.25 billion

2025-11-20seekingalpha.com

Targa Resources: Underlying Cash Flow Is Underappreciated

2025-11-06globenewswire.com

Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

2025-11-05seekingalpha.com

Targa Resources Corp. (TRGP) Q3 2025 Earnings Call Transcript

2025-10-16globenewswire.com

Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2025 Earnings Webcast

2025-10-15zacks.com

Targa Resources, Inc. (TRGP) is a Top Dividend Stock Right Now: Should You Buy?

2025-10-02etftrends.com

Targa Resources Announces New Permian Investments

2025-09-15globenewswire.com

Targa Resources Corp. Releases Sustainability Report

2025-09-14seekingalpha.com

Targa Resources: The Growth Story Isn't Over
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31
symbol TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-11-05 2025-08-07 2024-11-05 2024-08-01 2024-05-02 2023-11-02 2023-08-03 2023-05-04 2022-11-03
acceptedDate 2025-11-05 13:22:17 2025-08-07 13:02:17 2025-02-20 14:15:42 2024-11-05 15:08:23 2024-08-01 14:17:55 2024-05-02 13:30:59 2024-02-15 16:01:08 2023-11-02 15:52:33 2023-08-03 12:52:56 2023-05-04 13:12:43 2023-02-22 16:49:32 2022-11-03 15:50:42 2022-02-24 11:57:41 2021-02-18 15:38:23
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 FY FY
revenue 4 202M 4 026M 16 627M 3 852M 3 619M 4 598M 15 619M 3 897M 3 404M 4 521M 21 685M 5 360M 17 440M 8 273M
costOfRevenue 3 223M 3 133M 13 302M 3 021M 2 837M 3 837M 13 084M 3 021M 2 401M 3 344M 18 891M 4 594M 15 347M 6 750M
grossProfit 978M 893M 3 325M 830M 782M 761M 2 535M 875M 1 003M 1 177M 2 794M 767M 2 093M 1 523M
grossProfitRatio 0.233 0.222 0.216 0.216 0.166 0.225 0.295 0.26 0.143
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 105M 95M 385M 103M 98M 87M 349M 90M 81M 82M 310M 79M 273M 255M
sellingAndMarketingExpenses 0 0 0 0 291M 0 0 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 105M 95M 385M 103M 98M 87M 349M 90M 81M 82M 310M 79M 273M 255M
otherExpenses -11M -11M -4M 2M -100 000 -100 000 -100 000 -100 000 -2M 258M 0 258M 100 000 3M
operatingExpenses 94M 84M 381M 101M 98M 87M 349M 370M 354M 340M 310M 337M 273M 257M
costAndExpenses 3 317M 3 218M 13 683M 3 122M 2 935M 3 923M 13 433M 3 392M 2 755M 3 684M 19 201M 4 930M 15 620M 7 007M
interestIncome 0 0 0 0 0 0 0 175M 0 0 0 0 0 0
interestExpense 221M 218M 767M 185M 176M -229M 688M 175M 167M -168M 446M 126M 388M 391M
depreciationAndAmortization 384M 374M 1 434M 355M 350M 342M 1 336M 331M 332M 325M 1 101M 274M 875M 869M
ebitda 1 226M 1 413M 4 139M 1 086M 977M 1 017M 3 966M 839M 983M 1 162M 3 210M 704M 1 699M -313M
ebitdaratio 0.292 0.351 0.282 0.286 0.221 0.215 0.289 0.257 0.131
operatingIncome 885M 809M 2 944M 728M 684M 674M 2 187M 505M 649M 837M 2 484M 430M 1 820M 1 265M
operatingIncomeRatio 0.211 0.201 0.189 0.189 0.147 0.13 0.191 0.185 0.08
totalOtherIncomeExpensesNet -264M 13M -1 006M -183M -174M -259M -244M 3M 1M -171M -821M -139M -1 383M -2 838M
incomeBeforeTax 621M 821M 1 938M 545M 453M 415M 1 943M 333M 484M 666M 1 663M 291M 437M -1 573M
incomeBeforeTaxRatio 0.148 0.204 0.142 0.125 0.09 0.085 0.142 0.147 0.054
incomeTaxExpense 134M 184M 385M 97M 94M 83M 363M 54M 96M 110M 132M 12M 15M -248M
netIncome 476M 625M 1 270M 387M 299M 275M 828M 220M 329M 497M 1 142M 279M 71M -1 554M
netIncomeRatio 0.113 0.155 0.101 0.082 0.06 0.056 0.097 0.11 0.052
eps 2.21 2.89 5.77 1.76 1.34 1.23 3.687 0.97 1.44 0.03 3.945 1.23 -0.07 -7.256
epsdiluted 2.2 2.88 1.75 1.33 1.22 0.97 1.44 0.03 1.21
weightedAverageShsOut 215M 217M 220M 219M 221M 223M 225M 224M 226M 226M 227M 227M 229M 232M
weightedAverageShsOutDil 216M 217M 221M 220M 222M 224M 226M 225M 227M 229M 231M 230M 229M 232M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link
filingDate 2025-02-20 2024-02-15 2023-02-22 2022-02-24 2021-02-18
fiscalYear 2024 2023 2022 2021 2020
netInterestIncome -767M -688M -446M -388M -391M
ebit 2 705M 2 630M 2 109M 825M -1 182M
nonOperatingIncomeExcludingInterest 239M -444M 375M 995M 2 447M
netIncomeFromContinuingOperations 1 554M 1 579M 1 531M 422M -1 325M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome -10M -8M 0 0 0
netIncomeDeductions 0 0 0 0 0
bottomLineNetIncome 1 270M 828M 897M -16M -1 685M
epsDiluted 5.74 3.665 3.881 -0.07 -7.256

Balance Sheet Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31
symbol TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-11-05 2025-08-07 2024-11-05 2024-08-01 2024-05-02 2023-11-02 2023-08-03 2023-05-04 2022-11-03
acceptedDate 2025-11-05 13:22:17 2025-08-07 13:02:17 2025-02-20 14:15:42 2024-11-05 15:08:23 2024-08-01 14:17:55 2024-05-02 13:30:59 2024-02-15 16:01:08 2023-11-02 15:52:33 2023-08-03 12:52:56 2023-05-04 13:12:43 2023-02-22 16:49:32 2022-11-03 15:50:42 2022-02-24 11:57:41 2021-02-18 15:38:23
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 FY FY
cashAndCashEquivalents 124M 113M 157M 127M 166M 110M 142M 140M 169M 212M 219M 193M 159M 243M
shortTermInvestments 100M 0 0 0 63M 73M 0 84M 0 0 0 0 0 0
cashAndShortTermInvestments 224M 113M 157M 127M 229M 183M 142M 140M 169M 212M 219M 193M 159M 243M
netReceivables 1 408M 1 409M 1 618M 1 301M 1 217M 1 484M 1 471M 1 241M 988M 1 023M 1 408M 1 535M 1 332M 863M
inventory 491M 444M 334M 415M 321M 225M 372M 536M 312M 156M 394M 471M 153M 182M
otherCurrentAssets 157M 242M 186M 185M 163M 82M 210M 138M 65M 101M 335M 112M 126M 173M
totalCurrentAssets 2 280M 2 207M 2 296M 2 028M 1 867M 1 973M 2 195M 2 139M 1 729M 1 639M 2 357M 2 497M 1 770M 1 460M
propertyPlantEquipmentNet 19 610M 19 020M 18 063M 17 425M 16 891M 16 283M 15 806M 15 334M 14 890M 14 470M 14 215M 13 716M 11 668M 12 174M
goodwill 0 0 0 1 0 0 0 0 0 45M 0 0 0 0
intangibleAssets 1 733M 1 814M 1 977M 2 071M 2 164M 2 257M 2 351M 2 447M 2 543M 2 639M 2 735M 2 840M 1 095M 1 382M
goodwillAndIntangibleAssets 1 733M 1 814M 1 977M 2 071M 2 164M 2 257M 2 351M 2 447M 2 543M 2 639M 2 735M 2 840M 1 095M 1 382M
longTermInvestments 349M 269M 193M 177M 177M 169M 146M 138M 132M 135M 131M 136M 587M 714M
taxAssets 0 0 0 1 685M 600M 0 418M 405M 298M 0 0 0 0
otherNonCurrentAssets 203M 202M 204M 202M -519M -437M 174M -286M -237M -155M 123M 200M 89M 145M
totalNonCurrentAssets 21 895M 21 306M 20 438M 19 876M 19 398M 18 873M 18 477M 18 050M 17 733M 17 387M 17 203M 16 893M 13 438M 14 415M
otherAssets 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalAssets 24 175M 23 513M 22 734M 21 904M 21 264M 20 846M 20 672M 20 190M 19 462M 19 026M 19 560M 19 390M 15 208M 15 876M
accountPayables 1 584M 1 727M 2 013M 1 468M 1 687M 1 710M 1 575M 1 581M 1 173M 1 255M 1 449M 1 806M 1 402M 834M
shortTermDebt 689M 768M 330M 707M 652M 546M 575M 602M 586M 739M 800M 767M 150M 357M
taxPayables 0 0 0 0 0 0 0 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0 0 393M 510M 0 0 301M 0 0
otherCurrentLiabilities 674M 682M 167M 453M 551M 559M 54M 106M 51M 472M 320M 519M 258M 143M
totalCurrentLiabilities 2 947M 3 177M 3 173M 2 627M 2 891M 2 815M 2 761M 2 682M 2 321M 2 467M 3 067M 3 394M 2 299M 1 779M
longTermDebt 16 742M 16 082M 13 547M 13 682M 13 046M 12 277M 12 089M 12 354M 11 852M 11 467M 10 509M 10 491M 6 421M 7 368M
deferredRevenueNonCurrent 0 0 120M 119M 118M 119M 249M 202M 200M 205M 199M 197M 172M 169M
deferredTaxLiabilitiesNonCurrent 1 226M 1 079M 872M 794M 685M 600M 536M 418M 405M 298M 328M 301M 136M 152M
otherNonCurrentLiabilities 426M 463M 274M 223M 176M 458M 127M 155M 143M 177M 254M 8 391M 954M 439M
totalNonCurrentLiabilities 18 394M 17 625M 15 143M 14 818M 14 025M 13 454M 13 301M 13 130M 12 601M 12 147M 11 511M 11 265M 7 731M 8 193M
otherLiabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 0 305M 389M 372M 373M 310M 346M 316M 303M 271M 256M 116M 61M 77M
totalLiabilities 21 341M 20 801M 18 316M 17 445M 16 915M 16 269M 16 062M 15 812M 14 922M 14 613M 14 578M 14 659M 10 030M 9 973M
preferredStock 0 0 0 1 0 0 0 20 190M 19 462M 19 026M 0 0 0 0
commonStock 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000 200 000
retainedEarnings 1 966M 1 705M 1 190M 1 005M 784M 654M 492M 306M 200M -130M -627M -945M -1 822M -1 894M
accumulatedOtherComprehensiveIncomeLoss 57M 43M 28M 65M 11M 34M 86M -5M 131M 85M 55M -7M -231M -142M
othertotalStockholdersEquity 683M 839M 1 504M 1 672M 2 016M -17 984M -17 117M -16 430M 3 336M
totalStockholdersEquity 2 707M 2 588M 2 592M 2 574M 2 468M 2 704M 2 740M 2 506M 2 675M 2 551M 2 666M 2 385M 2 012M 2 654M
totalEquity 2 834M 2 711M 4 418M 4 459M 4 349M 4 578M 4 610M 4 378M 4 540M 2 551M 4 982M 2 385M 5 179M 5 903M
totalLiabilitiesAndStockholdersEquity 24 175M 23 513M 21 904M 21 264M 20 846M 20 190M 19 462M 19 026M 19 390M
minorityInterest 127M 123M 1 826M 1 885M 1 882M 1 874M 1 870M 1 872M 1 865M 1 862M 2 317M 0 3 167M 3 249M
totalLiabilitiesAndTotalEquity 24 175M 23 513M 22 734M 21 904M 21 264M 20 846M 20 672M 20 190M 19 462M 19 026M 19 560M 19 390M 15 208M 15 876M
totalInvestments 449M 269M 193M 177M 240M 242M 146M 138M 132M 135M 131M 136M 587M 714M
totalDebt 17 431M 16 851M 14 265M 14 336M 13 647M 13 133M 13 010M 12 956M 12 438M 12 206M 11 565M 11 258M 6 632M 7 802M
netDebt 17 307M 16 737M 14 108M 14 208M 13 480M 13 023M 12 869M 12 816M 12 269M 11 994M 11 346M 11 065M 6 473M 7 559M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link
filingDate 2025-02-20 2024-02-15 2023-02-22 2022-02-24 2021-02-18
fiscalYear 2024 2023 2022 2021 2020
accountsReceivables 1 618M 1 471M 1 408M 1 332M 863M
otherReceivables 0 0 0 0 0
prepaids 0 0 0 0 0
totalPayables 2 013M 1 575M 1 449M 1 467M 949M
otherPayables 0 0 0 65M 115M
accruedExpenses 605M 511M 464M 411M 319M
capitalLeaseObligationsCurrent 58M 46M 34M 13M 12M
capitalLeaseObligationsNonCurrent 331M 301M 222M 48M 65M
treasuryStock -1 714M -897M -465M -204M -151M
additionalPaidInCapital 3 089M 3 059M 3 702M 4 269M 4 840M
otherTotalStockholdersEquity 0 0 0 0 0

Cash Flow Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2021 q4 2020 q4
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2021-12-31 2020-12-31
symbol TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP TRGP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M 1M
fillingDate 2025-11-05 2025-08-07 2024-11-05 2024-08-01 2024-05-02 2023-11-02 2023-08-03 2023-05-04 2022-11-03
acceptedDate 2025-11-05 13:22:17 2025-08-07 13:02:17 2025-02-20 14:15:42 2024-11-05 15:08:23 2024-08-01 14:17:55 2024-05-02 13:30:59 2024-02-15 16:01:08 2023-11-02 15:52:33 2023-08-03 12:52:56 2023-05-04 13:12:43 2023-02-22 16:49:32 2022-11-03 15:50:42 2022-02-24 11:57:41 2021-02-18 15:38:23
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 FY FY
netIncome 476M 637M 1 554M 448M 296M 273M 1 579M 279M 388M 555M 1 531M 279M 422M -1 325M
depreciationAndAmortization 384M 374M 1 423M 355M 350M 342M 1 330M 331M 332M 325M 1 096M 287M 871M 865M
deferredIncomeTax 159M 170M 367M 93M 91M 80M 350M 53M 93M 106M 125M 11M 12M -233M
stockBasedCompensation 18M 17M 63M 18M 15M 15M 62M 16M 15M 15M 58M 15M 59M 66M
changeInWorkingCapital -488M -73M 39M -396M 33M 79M 139M -315M -4M 339M -364M -247M 220M 59M
accountsReceivables 198M 103M -75M 0 263M 25M -21M -316M 0 -96M 220M 0 -392M -26M
inventory -41M -184M 34M 0 -87M 147M 36M -223M -148M 238M -236M -269M 41M -28M
accountsPayables -164M -183M 41M -91M -205M -65M 68M 351M -27M -293M -383M -277M 565M 106M
otherWorkingCapital -481M 192M 40M -306M 325M -4M 56M -126M 172M 490M 36M 299M 6M 7M
otherNonCashItems 49M -267M 204M 23M 1 127M 704M -249M 43M -147M -170M -65M 115M 719M 2 312M
netCashProvidedByOperatingActivities 599M 858M 3 650M 541M 905M 876M 3 212M 407M 677M 1 170M 2 381M 460M 2 303M 1 745M
investmentsInPropertyPlantAndEquipment -672M -906M -2 966M -829M -740M -670M -2 385M -592M -598M -476M -1 334M -396M -505M -952M
acquisitionsNet -49M -51M -57M 0 5M 1M -19M -8M 3M -5M -2 837M -3 516M 20M 209M
purchasesOfInvestments 0 0 0 -20M -11M -9M 0 -9M 0 0 0 0 0 0
salesMaturitiesOfInvestments 2M 0 0 0 300 000 700 000 0 500 000 0 0 0 0 0 0
otherInvestingActivites 27M 100 000 4M -200 000 -300 000 9M 1M -100 000 16M
netCashUsedForInvestingActivites -691M -957M -844M -746M -677M -599M -594M -481M -3 896M
debtRepayment 497M 628M 675M 481M -99M -17 656M -14 319M -15 626M -10 287M
commonStockIssued 0 0 0 0 0 18 147M 14 507M 0 0
commonStockRepurchased -156M -324M -755M -185M -355M -160M -374M -154M -149M -86M -1 190M -82M -53M -268M
dividendsPaid -217M -218M -166M -168M -117M -115M -114M -85M -81M
otherFinancingActivites -22M -25M -59M -60M -53M -61M -50M 15 101M 13 925M
netCashUsedProvidedByFinancingActivities 103M 60M 264M -102M -231M 162M -125M -696M 3 475M
effectOfForexChangesOnCash 0 0 0 0 0 0 0 651M 815M 0 0 0 0 0
netChangeInCash 11M -38M 16M -39M 57M -32M -77M -30M -42M -7M 61M 39M -84M -88M
cashAtEndOfPeriod 124M 113M 157M 127M 166M 110M 142M 140M 169M 212M 219M 193M 159M 243M
cashAtBeginningOfPeriod 113M 151M 142M 166M 110M 142M 219M 169M 212M 219M 159M 154M 243M 331M
operatingCashFlow 599M 858M 3 650M 541M 905M 876M 3 212M 407M 677M 1 170M 2 381M 460M 2 303M 1 745M
capitalExpenditure -672M -906M -2 966M -829M -740M -670M -2 385M -592M -598M -476M -1 334M -396M -505M -952M
freeCashFlow -73M -48M 684M -288M 164M 207M 826M -184M 79M 694M 1 047M 64M 1 798M 793M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link
filingDate 2025-02-20 2024-02-15 2023-02-22 2022-02-24 2021-02-18
fiscalYear 2024 2023 2022 2021 2020
otherInvestingActivities 2M 4M 21M 12M 4M
netCashProvidedByInvestingActivities -3 021M -2 401M -4 150M -473M -738M
netDebtIssuance 1 160M 1 336M 4 697M -1 180M -23M
longTermNetDebtIssuance 204M 2 460M 3 399M -345M -423M
shortTermNetDebtIssuance 956M -1 124M 1 299M -835M 400M
netStockIssuance -755M -374M -1 190M -53M -268M
netCommonStockIssuance -755M -374M -1 190M -53M -268M
commonStockIssuance 0 0 0 0 0
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid -616M -427M -380M -188M -396M
commonDividendsPaid -616M -427M -380M -188M -396M
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities -402M -1 423M -1 298M -494M -408M
netCashProvidedByFinancingActivities -613M -888M 1 829M -1 914M -1 095M
incomeTaxesPaid 17M 9M 2M 1M 0
interestPaid 713M 619M 401M 356M 0

Earning call transcript

2025 q3
2025-11-05 ET (fiscal 2025 q3)
2025 q2
2025-08-07 ET (fiscal 2025 q2)
2025 q1
2025-05-01 ET (fiscal 2025 q1)
2024 q4
2025-02-20 ET (fiscal 2024 q4)
2024 q3
2024-11-05 ET (fiscal 2024 q3)
2024 q2
2024-08-01 ET (fiscal 2024 q2)
2024 q1
2024-05-02 ET (fiscal 2024 q1)
2023 q4
2024-02-15 ET (fiscal 2023 q4)
2023 q3
2023-11-02 ET (fiscal 2023 q3)
2023 q2
2023-08-03 ET (fiscal 2023 q2)
2023 q1
2023-05-04 ET (fiscal 2023 q1)
2022 q4
2023-02-22 ET (fiscal 2022 q4)
2022 q3
2022-11-03 ET (fiscal 2022 q3)
2022 q2
2022-08-04 ET (fiscal 2022 q2)
2022 q1
2022-05-05 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2025-11-05 13:22 ET
Targa Resources reported for 2025 q3
SEC form 8
2025-11-05 06:15 ET
Targa Resources published news for 2025 q3
SEC form 8
2025-11-05 06:15 ET
Targa Resources published news for 2025 q3
SEC form 10
2025-08-07 17:02 ET
Targa Resources reported for 2025 q2
SEC form 8
2025-08-07 10:15 ET
Targa Resources published news for 2025 q2
SEC form 8
2025-08-07 10:15 ET
Targa Resources published news for 2025 q2
SEC form 8
2025-07-28 20:31 ET
Targa Resources published news for 2025 q2
SEC form 8
2025-07-28 20:31 ET
Targa Resources published news for 2025 q2
SEC form 8
2025-06-06 10:04 ET
Targa Resources published news for 2025 q1
SEC form 8
2025-06-06 10:04 ET
Targa Resources published news for 2025 q1
SEC form 8
2025-06-06 10:04 ET
Targa Resources published news for 2025 q1
SEC form 10
2025-05-01 16:42 ET
Targa Resources reported for 2025 q1
SEC form 8
2025-05-01 10:15 ET
Targa Resources published news for 2025 q1
SEC form 8
2025-05-01 10:15 ET
Targa Resources published news for 2025 q1
SEC form 10
2025-05-01 00:00 ET
Targa Resources published news for 2025 q1
SEC form 8
2025-02-25 21:41 ET
Targa Resources published news for 2024 q4
SEC form 8
2025-02-25 21:41 ET
Targa Resources published news for 2024 q4
SEC form 8
2025-02-25 21:41 ET
Targa Resources published news for 2024 q4
SEC form 10
2025-02-20 14:15 ET
Targa Resources reported for 2024 q4
SEC form 8
2025-02-20 06:15 ET
Targa Resources published news for 2024 q4
SEC form 8
2025-02-20 06:15 ET
Targa Resources published news for 2024 q4
SEC form 10
2025-02-20 00:00 ET
Targa Resources published news for 2024 q4
SEC form 10
2024-11-05 15:08 ET
Targa Resources reported for 2024 q3
SEC form 8
2024-11-05 06:15 ET
Targa Resources published news for 2024 q3
SEC form 8
2024-11-05 06:15 ET
Targa Resources published news for 2024 q3
SEC form 10
2024-08-01 14:17 ET
Targa Resources published news for 2024 q2
SEC form 8
2024-08-01 06:15 ET
Targa Resources published news for 2024 q2
SEC form 8
2024-08-01 06:15 ET
Targa Resources reported for 2024 q2
SEC form 10
2024-08-01 00:00 ET
Targa Resources published news for 2024 q2
SEC form 10
2024-05-02 13:30 ET
Targa Resources published news for 2024 q1
SEC form 8
2024-05-02 06:15 ET
Targa Resources published news for 2024 q1
SEC form 8
2024-05-02 06:15 ET
Targa Resources reported for 2024 q1
SEC form 10
2024-05-02 00:00 ET
Targa Resources published news for 2024 q1
SEC form 10
2024-02-15 00:00 ET
Targa Resources reported for 2023 q4
SEC form 8
2024-02-15 00:00 ET
Targa Resources published news for 2023 q4
SEC form 8
2024-02-15 00:00 ET
Targa Resources published news for 2023 q4
SEC form 10
2023-11-02 15:52 ET
Targa Resources published news for 2023 q3
SEC form 8
2023-11-02 06:15 ET
Targa Resources reported for 2023 q3
SEC form 10
2023-11-02 00:00 ET
Targa Resources published news for 2023 q3
SEC form 10
2023-08-03 12:52 ET
Targa Resources published news for 2023 q2
SEC form 6
2023-08-03 06:15 ET
Targa Resources reported for 2023 q2
SEC form 10
2023-08-03 00:00 ET
Targa Resources published news for 2023 q2
SEC form 8
2023-08-03 00:00 ET
Targa Resources published news for 2023 q2
SEC form 10
2023-05-04 00:00 ET
Targa Resources published news for 2023 q1
SEC form 8
2023-05-04 00:00 ET
Targa Resources published news for 2023 q1
SEC form 6
2023-03-31 16:33 ET
Targa Resources published news for 2022 q4
SEC form 6
2023-03-03 16:32 ET
Targa Resources published news for 2022 q4
SEC form 10
2023-02-22 16:49 ET
Targa Resources reported for 2022 q4
SEC form 6
2023-02-22 06:15 ET
Targa Resources published news for 2022 q4
SEC form 10
2023-02-22 00:00 ET
Targa Resources reported for 2022 q4
SEC form 8
2023-02-22 00:00 ET
Targa Resources reported for 2022 q4
SEC form 6
2023-01-09 17:22 ET
Targa Resources published news for 2022 q4
SEC form 6
2023-01-04 16:35 ET
Targa Resources published news for 2022 q4
SEC form 10
2022-11-03 15:50 ET
Targa Resources reported for 2022 q3
SEC form 6
2022-11-03 06:15 ET
Targa Resources published news for 2022 q3
SEC form 10
2022-11-03 00:00 ET
Targa Resources reported for 2022 q3
SEC form 8
2022-11-03 00:00 ET
Targa Resources reported for 2022 q3
SEC form 6
2022-10-11 16:37 ET
Targa Resources published news for 2022 q3
SEC form 6
2022-09-06 16:31 ET
Targa Resources published news for 2022 q2
SEC form 10
2022-08-04 12:41 ET
Targa Resources reported for 2022 q2
SEC form 6
2022-08-04 06:15 ET
Targa Resources published news for 2022 q2
SEC form 10
2022-08-04 00:00 ET
Targa Resources reported for 2022 q2
SEC form 8
2022-08-04 00:00 ET
Targa Resources reported for 2022 q2
SEC form 6
2022-08-01 07:00 ET
Targa Resources published news for 2022 q2
SEC form 6
2022-07-12 16:32 ET
Targa Resources published news for 2022 q2
SEC form 6
2022-07-07 16:09 ET
Targa Resources published news for 2022 q2
SEC form 6
2022-06-23 16:09 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-06-17 16:49 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-05-25 16:31 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-05-24 16:31 ET
Targa Resources published news for 2022 q1
SEC form 10
2022-05-05 14:15 ET
Targa Resources reported for 2022 q1
SEC form 6
2022-05-05 06:15 ET
Targa Resources published news for 2022 q1
SEC form 10
2022-05-05 00:00 ET
Targa Resources reported for 2022 q1
SEC form 8
2022-05-05 00:00 ET
Targa Resources reported for 2022 q1
SEC form 6
2022-04-22 16:31 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-04-18 06:36 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-04-06 16:24 ET
Targa Resources published news for 2022 q1
SEC form 6
2022-03-31 16:15 ET
Targa Resources published news for 2021 q4
SEC form 6
2022-03-25 16:19 ET
Targa Resources published news for 2021 q4
SEC form 6
2022-03-23 11:41 ET
Targa Resources published news for 2021 q4
SEC form 6
2022-03-09 16:31 ET
Targa Resources published news for 2021 q4
SEC form 10
2022-02-24 11:57 ET
Targa Resources published news for 2021 q4
SEC form 6
2022-02-24 06:15 ET
Targa Resources published news for 2021 q4
SEC form 10
2022-02-24 00:00 ET
Targa Resources published news for 2021 q4
SEC form 8
2022-02-24 00:00 ET
Targa Resources published news for 2021 q4
SEC form 6
2022-02-23 16:41 ET
Targa Resources published news for 2021 q4
SEC form 6
2021-12-13 17:01 ET
Targa Resources published news for 2021 q3
SEC form 10
2021-11-04 12:51 ET
Targa Resources published news for 2021 q3
SEC form 6
2021-11-04 06:15 ET
Targa Resources published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Targa Resources published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Targa Resources published news for 2021 q3
SEC form 10
2021-08-05 13:08 ET
Targa Resources published news for 2021 q2
SEC form 6
2021-08-05 06:17 ET
Targa Resources published news for 2021 q2
SEC form 10
2021-08-05 00:00 ET
Targa Resources published news for 2021 q2
SEC form 8
2021-08-05 00:00 ET
Targa Resources published news for 2021 q2
SEC form 6
2021-05-26 16:30 ET
Targa Resources published news for 2021 q1
SEC form 10
2021-05-06 14:31 ET
Targa Resources published news for 2021 q1
SEC form 6
2021-05-06 06:15 ET
Targa Resources published news for 2021 q1
SEC form 10
2021-05-06 00:00 ET
Targa Resources published news for 2021 q1
SEC form 8
2021-05-06 00:00 ET
Targa Resources published news for 2021 q1
SEC form 6
2021-04-23 16:30 ET
Targa Resources published news for 2021 q1
SEC form 6
2021-04-01 16:07 ET
Targa Resources published news for 2021 q1
SEC form 6
2021-03-17 20:25 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-02-25 17:24 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-02-24 17:00 ET
Targa Resources published news for 2020 q4
SEC form 10
2021-02-18 15:38 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-02-18 06:16 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-02-05 16:43 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-01-22 16:47 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-01-19 08:04 ET
Targa Resources published news for 2020 q4
SEC form 6
2021-01-06 17:17 ET
Targa Resources published news for 2020 q4
SEC form 6
2020-12-14 16:15 ET
Targa Resources published news for 2020 q3
SEC form 6
2020-11-13 16:32 ET
Targa Resources published news for 2020 q3
SEC form 10
2020-11-05 14:23 ET
Targa Resources published news for 2020 q3
SEC form 6
2020-11-05 06:15 ET
Targa Resources published news for 2020 q3
SEC form 6
2020-10-05 06:09 ET
Targa Resources published news for 2020 q3