Targa Resources Corp.
NYSE:TRGP · New York Stock Exchange
-$2.68 today
Vol 1.37M · Avg 1.28M
Balance Sheet
Inspect the capital base behind the business
Review assets, liabilities, equity, cash, and debt to judge whether the company has the financial position to support future returns.
Balance Sheet
Assets, liabilities & equity
| Cash & Equivalents | $100.1M |
| Receivables | $1.7B |
| Inventory | $334.4M |
| Other Current | $312.0M |
| Total Current Assets | $2.4B |
| PP&E (Net) | $21.8B |
| Intangible Assets | $2.2B |
| Long-term Investments | $315.0M |
| Other Non-current | $382.0M |
| Total Non-current Assets | $24.7B |
| Total Assets | $27.1B |
Analysis
Selected assets total $27.1B for Latest. The largest visible component is PP&E (Net) at $21.8B, about 80.3% of the tab total. Use the mix to judge balance sheet concentration, liquidity, leverage, and how much of book value is supported by tangible operating assets.
Balance Sheet
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $166.1M +5.6% | $157.3M +11.0% | $141.7M -35.3% | $219.0M +38.2% | $158.5M | $1.0B | $841.8M | $673.8M |
| Short-term Investments | $0 | $0 | $0 | $0 | $0 | -$1.6B | $445.6M | $378.4M |
| Net Receivables | $1.5B -8.9% | $1.6B +10.0% | $1.5B +4.4% | $1.4B +5.7% | $1.3B | $533.8M | $399.4M | -$1.7B |
| Inventory | $429.3M +28.4% | $334.3M -10.0% | $371.5M -5.7% | $393.8M +156.7% | $153.4M | $641.6M | $328.0M | $316.8M |
| Other Current Assets | $292.7M +57.0% | $186.4M -11.4% | $210.4M -37.3% | $335.4M +166.2% | $126.0M | $1.5B | $966.4M | $764.8M |
| Total Current Assets | $2.4B +2.9% | $2.3B +4.6% | $2.2B -6.9% | $2.4B +33.2% | $1.8B | $12.5B | $10.5B | $5.5B |
| Property, Plant & Equipment (Net) | $20.6B +14.2% | $18.1B +14.3% | $15.8B +11.2% | $14.2B +21.8% | $11.7B | $1.2B | $1.5B | $687.8M |
| Goodwill | $112.3M | $0 | $0 | $0 | $0 | $925.8M | $466.6M | $309.8M |
| Intangible Assets | $1.7B -16.5% | $2.0B -15.9% | $2.4B -14.0% | $2.7B +149.8% | $1.1B | $568.8M | $860.0M | $1.5B |
| Long-term Investments | $307.1M +58.9% | $193.3M +32.1% | $146.3M +11.4% | $131.3M -77.6% | $586.5M | $524.0M | -$1.5B | $860.0M |
| Tax Assets | $0 | $0 | $0 | $0 | $0 | $1.5B | $1.4B | $1.4B |
| Other Non-current Assets | $156.2M -23.6% | $204.4M +17.5% | $173.9M +41.5% | $122.9M +37.5% | $89.4M | $1.4B | $1.0B | $679.4M |
| Total Non-current Assets | $22.9B +11.8% | $20.4B +10.6% | $18.5B +7.4% | $17.2B +28.0% | $13.4B | -$15.3B | $14.8B | $11.3B |
| Total Assets | $25.2B +10.9% | $22.7B +10.0% | $20.7B +5.7% | $19.6B +28.6% | $15.2B | $13.3B | $11.9B | $10.6B |
| Account Payables | $1.9B -6.9% | $2.0B +27.8% | $1.6B +8.7% | $1.4B +3.3% | $1.4B | $1.3B | -$1.5B | $1.4B |
| Short-term Debt | $677.0M +105.2% | $330.0M -42.6% | $575.0M -28.1% | $800.0M +433.3% | $150.0M | -$1.6B | -$1.6B | $326.6M |
| Tax Payables | $0 | $0 | $0 | $0 | $0 | $574.4M | -$1.5B | $1.4B |
| Deferred Revenue | $0 | $0 | $0 | $0 | $0 | -$1.6B | $374.2M | $542.2M |
| Other Current Liabilities | $234.1M +39.9% | $167.3M +209.8% | $54.0M -83.1% | $320.1M +24.0% | $258.2M | $1.1B | $1.5B | $493.2M |
| Total Current Liabilities | $3.5B +11.8% | $3.2B +14.9% | $2.8B -10.0% | $3.1B +33.4% | $2.3B | $6.0B | $10.1B | $14.3B |
| Long-term Debt | $16.4B +21.1% | $13.5B +12.1% | $12.1B +15.0% | $10.5B +63.7% | $6.4B | $1.3B | $438.6M | $1.3B |
| Deferred Tax Liabilities | $0 -100.0% | $872.1M +62.8% | $535.8M +63.5% | $327.7M +141.0% | $136.0M | $746.6M | $612.2M | $477.8M |
| Deferred Revenue (Non-current) | $0 -100.0% | $119.9M -51.8% | $248.8M +25.2% | $198.8M +15.7% | $171.8M | -$1.6B | $715.8M | $1.3B |
| Other Non-current Liabilities | $1.7B +528.3% | $274.0M +116.4% | $126.6M -50.1% | $253.9M -73.4% | $954.3M | $489.0M | $1.1B | -$1.5B |
| Total Non-current Liabilities | $18.5B +22.0% | $15.1B +13.9% | $13.3B +15.5% | $11.5B +48.9% | $7.7B | $3.9B | $7.5B | $14.1B |
| Total Liabilities | $22.0B +20.2% | $18.3B +14.0% | $16.1B +10.2% | $14.6B +45.3% | $10.0B | $14.7B | $3.7B | $9.6B |
| Common Stock | $200.0K +0.0% | $200.0K +0.0% | $200.0K +0.0% | $200.0K +0.0% | $200.0K | $651.4M | $517.0M | $382.6M |
| Retained Earnings | $2.3B +92.8% | $1.2B +141.9% | $492.0M +178.5% | -$626.8M +65.6% | -$1.8B | -$1.6B | $519.8M | $1.1B |
| Accumulated OCI | $113.8M +313.8% | $27.5M -67.9% | $85.6M +56.5% | $54.7M +123.7% | -$230.9M | $393.8M | $550.6M | $707.4M |
| Other Stockholders Equity | $0 | $0 | $0 | $0 | $0 | $351.8M | -$1.6B | $1.5B |
| Minority Interest | $130.3M -92.9% | $1.8B -2.4% | $1.9B -19.3% | $2.3B -26.9% | $3.2B | $1.4B | $337.8M | $931.4M |
| Total Equity | $3.2B -27.6% | $4.4B -4.2% | $4.6B -7.5% | $5.0B -3.8% | $5.2B | $9.1B | $7.7B | $3.3B |
| Total Debt | $17.5B +23.0% | $14.3B +9.6% | $13.0B +12.5% | $11.6B +74.4% | $6.6B | $724.2M | $410.6M | $399.4M |
| Net Debt | $17.4B +23.2% | $14.1B +9.6% | $12.9B +13.4% | $11.3B +75.3% | $6.5B | $389.6M | $501.6M | $311.2M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Energy Transfer LP
NYSE:ET
$64.59B
ONEOK, Inc.
NYSE:OKE
$53.33B
Diamondback Energy, Inc.
NASDAQ:FANG
$51.53B
Occidental Petroleum Corporation
NYSE:OXY
$51.39B
Cenovus Energy Inc.
NYSE:CVE
$46.54B
Woodside Energy Group Ltd
NYSE:WDS
$37.85B
EQT Corporation
NYSE:EQT
$31.82B
Cheniere Energy Partners, L.P.
NYSE:CQP
$28.53B
Pembina Pipeline Corporation
NYSE:PBA
$26.78B
Plains All American Pipeline, L.P.
NASDAQ:PAA
$15.15B
SEC Filings
Recent regulatory filings
No filings found.
How much cash does TRGP have?
Targa Resources Corp. (TRGP) reported $166.10M in cash and equivalents in fiscal 2025.
How much debt does TRGP carry?
Targa Resources Corp. (TRGP) reported $17.55B of total debt, with net debt of $17.38B.
Explore More
Continue the stock analysis
Jump to another research area for this company.