TRGP · XBRL financial data

Targa Resources financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TRGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2021Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	8,260	16,950	20,930	16,060	16,382	17,028
Revenue from contracts with customers	6,874	16,093	19,821	13,521	14,137	—
Cost of goods and services sold	5,105	13,730	16,882	10,676	10,703	10,508
General and administrative	255	273	310	349	385	406
Other operating income (expense)	(117)	(12)	(0)	(2)	0	30
Operating income (loss)	(1,304)	865	1,729	2,626	2,695	3,331
Other income (expense)	3	1	(15)	(3)	1	(4)
Income tax expense (benefit)	(248)	15	132	363	385	530
Net income (loss)	(1,554)	71	1,196	1,346	1,312	1,923
Earnings per share, basic USD per share	(7.26)	(0.07)	3.95	3.69	5.77	8.52
Earnings per share, diluted USD per share	(7.26)	(0.07)	3.88	3.66	5.74	8.49
Weighted average shares, basic millions of shares	232	229	227	225	220	216
Weighted average shares, diluted millions of shares	232	229	231	226	221	217

Fiscal years (TRGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2021Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	243	159	219	142	157	166
Accounts receivable	863	1,332	1,408	1,471	1,618	1,475
Inventory	182	153	394	372	334	429
Total current assets	1,460	1,770	2,357	2,195	2,296	2,363
Property and equipment, net	12,174	11,668	14,215	15,806	18,063	20,535
Right-of-use asset	53	51	57	101	104	94
Goodwill	45	45	45	45	45	112
Total assets	15,876	15,208	19,560	20,672	22,734	25,218
Accounts payable	834	1,402	1,449	1,575	2,013	1,873
Accrued liabilities	186	272	273	282	336	359
Total current liabilities	1,779	2,299	3,067	2,761	3,173	3,547
Lease liability, non-current	46	35	29	57	90	90
Retained earnings (accumulated deficit)	(1,894)	(1,822)	(627)	492	1,190	2,294
Total stockholders' equity	2,654	2,012	2,666	2,740	2,592	3,068
Total liabilities and equity	15,876	15,208	19,560	20,672	22,734	25,218
Common shares outstanding (cover page) millions of shares	229	229	227	223	218	215

Fiscal years (TRGP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2021Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(1,554)	71	1,196	1,346	1,312	1,923
Stock-based compensation	66	59	58	62	63	70
Depreciation and amortization	865	871	1,096	1,330	1,423	1,515
Net cash from operating activities	1,745	2,303	2,381	3,212	3,650	3,917
Purchases of property and equipment	952	505	1,334	2,385	2,966	3,333
Net cash from investing activities	(738)	(473)	(4,150)	(2,401)	(3,021)	(3,642)
Net cash from financing activities	(1,095)	(1,914)	1,829	(888)	(613)	(267)
Net change in cash	(88)	(84)	61	(77)	16	9

SIC 4922 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4922 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Targa Resources	132	4,440	1,441*	214.4M	Q2 FY26 10-QJun 30, 2026
Enterprise Products Partners	232	17,948	2,185*	2.2B	Q3 FY26 10-QSep 30, 2026
Oneok	186	12,455	1,379*	630.5M	Q3 FY26 10-QSep 30, 2026
Cheniere Energy	1,663	6,097	2,466*	204.2M	Q3 FY26 10-QSep 30, 2026
Energy Transfer	1,020	34,334	4,271*	3.4B	Q2 FY26 10-QJun 30, 2026
Atmos Energy	521	879	640*	169.0M	Q3 FY26 10-QJun 30, 2026
Kinder Morgan	918	4,185	1,590*	2.2B	Q3 FY26 10-QSep 30, 2026
Williams Companies	not reported	4,002	not reported	1.3B	Q3 FY26 10-QSep 30, 2026
DT Midstream	231	336	275*	102.0M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.