Targa Resources revenue and financials
$285.72Change from previous close: −0.58%Absolute change: −$1.68
In the fiscal year ended December 2025, Targa Resources reported revenue of $17.03B (+3.95% year over year). Net income was $1.92B, a net margin of 11.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +3.95%
- 2025 vs 2024
- Net income growth
- +46.57%
- 2025 vs 2024
- Net margin
- 11.3%
- 2024: 8.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 28,515 | 27,107 | 25,218 | 24,175 | 23,513 | 22,800 | 22,734 | 21,904 | 21,264 | 20,846 | 20,672 | 20,190 |
| Current assets | 2,629 | 2,438 | 2,363 | 2,280 | 2,207 | 2,076 | 2,296 | 2,028 | 1,867 | 1,973 | 2,195 | 2,139 |
| Cash and equivalents | 132 | 100 | 166 | 124 | 113 | 151 | 157 | 127 | 166 | 110 | 142 | 140 |
| Receivables | 1,952 | 1,692 | 1,475 | 1,408 | 1,409 | 1,403 | 1,618 | 1,301 | 1,217 | 1,484 | 1,471 | 1,241 |
| Inventory | 312 | 334 | 429 | 491 | 444 | 256 | 334 | 415 | 321 | 225 | 372 | 536 |
| Net property, plant and equipment | 23,063 | 21,771 | 20,629 | 19,610 | 19,020 | 18,406 | 18,166 | 17,425 | 16,891 | 16,283 | 15,871 | 15,334 |
| Goodwill | — | — | 112 | — | — | — | 45.2 | — | — | — | 45.2 | — |
| Other intangible assets | 2,105 | 2,201 | 1,651 | 1,733 | 1,814 | 1,896 | 1,977 | 2,071 | 2,164 | 2,257 | 2,351 | 2,447 |
| Long-term investments | 318 | 315 | 307 | 316 | 269 | 218 | 193 | 177 | 160 | 152 | 146 | 138 |
| Current liabilities | 3,411 | 3,396 | 3,547 | 2,947 | 3,177 | 3,198 | 3,173 | 2,627 | 2,891 | 2,815 | 2,761 | 2,682 |
| Accounts payable | 2,108 | 1,988 | 1,873 | 1,584 | 1,727 | 1,890 | 2,013 | 1,468 | 1,687 | 1,710 | 1,575 | 1,581 |
| Long-term debt | 18,333 | 18,185 | 16,402 | 16,474 | 15,843 | 15,313 | 13,547 | 13,364 | 12,723 | 12,277 | 12,089 | 12,080 |
| Total debt | 19,578 | 19,132 | 17,522 | 17,431 | 16,851 | — | — | — | — | — | — | — |
| Total liabilities | 24,719 | 23,838 | 22,020 | 21,341 | 20,801 | 20,228 | 18,316 | 17,445 | 16,915 | 16,269 | 16,062 | 15,812 |
| Total equity (incl. minority) | 3,796 | 3,269 | 3,198 | 2,834 | 2,711 | 2,573 | 4,418 | 4,459 | 4,349 | 4,578 | 4,610 | 4,378 |
| Retained earnings | 3,051 | 2,557 | 2,294 | 1,966 | 1,705 | 1,295 | 1,190 | 1,005 | 784 | 654 | 492 | 306 |
| Minority interest | 139 | 133 | 130 | 127 | 123 | 121 | 1,826 | 1,885 | 1,882 | 1,874 | 1,870 | 1,872 |