Targa Resources Corp.

TRGP · Large cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$17.0B	$16.4B	$16.1B	$20.9B	$16.9B
Cost of revenue	$10.5B	$10.7B	$10.7B	$16.9B	$13.7B
Operating income	$3.3B	$2.7B	$2.6B	$1.7B	$864.8M
Pretax income	$2.5B	$1.9B	$1.9B	$1.7B	$436.9M
Income tax expense	$529.7M	$384.5M	$363.2M	$131.8M	$14.8M
Net income	$1.9B	$1.3B	$1.3B	$1.2B	$71.2M
Balance Sheet
Cash and equivalents	$166.1M	$157.3M	$141.7M	$219.0M	$158.5M
Current assets	$2.4B	$2.3B	$2.2B	$2.4B	$1.8B
Total assets	$25.2B	$22.7B	$20.7B	$19.6B	$15.2B
Current liabilities	$3.5B	$3.2B	$2.8B	$3.1B	$2.3B
Total debt	$16.5B	$13.6B	$12.2B	$10.6B	$6.5B
Stockholders' equity	$3.1B	$2.6B	$2.7B	$2.7B	$2.0B
Cash Flow Statement
Cash from operations	$3.9B	$3.6B	$3.2B	$2.4B	$2.3B
Depreciation and amortization	$1.5B	$1.4B	$1.3B	$1.1B	$870.6M
Stock-based compensation	$69.5M	$63.2M	$62.4M	$57.5M	$59.2M
Capital expenditure	$3.3B	$3.0B	$2.4B	$1.3B	$505.1M
Free cash flow	$584.1M	$683.9M	$826.2M	$1.0B	$1.8B
Dividends paid	$815.1M	$610.2M	$419.0M	$318.3M	$91.5M
Share repurchases	$641.8M	$754.7M	$373.7M	$224.8M	$53.2M
Impairments	—	—	—	—	$452.3M

Shares outstanding 214.6M · Free float 12.5%

Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.