Targa Resources Corp. (TRGP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.44B | 2.36B | 2.28B | 2.21B | 2.08B | 2.3B | 2.03B | 1.87B | 1.97B | 2.19B | 2.14B | 1.73B | 1.64B | 2.36B | 2.5B | 2.16B | 1.9B | 1.77B | 1.99B | 1.32B |
| Cash & Short-Term Investments | 100.1M | 166.1M | 223.9M | 113.1M | 151.4M | 157.3M | 127.2M | 166.4M | 109.9M | 141.7M | 139.5M | 169.4M | 211.8M | 219M | 192.9M | 154M | 135.9M | 158.5M | 228.6M | 209M |
| Cash Only | 100.1M | 166.1M | 124.1M | 113.1M | 151.4M | 157.3M | 127.2M | 166.4M | 109.9M | 141.7M | 139.5M | 169.4M | 211.8M | 219M | 192.9M | 154M | 135.9M | 158.5M | 228.6M | 209M |
| Short-Term Investments | 0 | 0 | 99.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.69B | 1.47B | 1.41B | 1.41B | 1.4B | 1.62B | 1.3B | 1.22B | 1.48B | 1.47B | 1.24B | 988.1M | 1.02B | 1.41B | 1.53B | 1.61B | 1.57B | 1.33B | 1.29B | 901.8M |
| Days Sales Outstanding | 34.8 | 32.69 | 30.83 | 31.78 | 28.02 | 30.49 | 29.81 | 33.96 | 29.47 | 29.48 | 26.42 | 28.52 | 25.47 | 29.73 | 27.01 | 23.21 | 26.31 | 22.17 | 22.2 | 24.5 |
| Inventory | 334.4M | 429.3M | 490.7M | 443.5M | 256.2M | 334.3M | 414.9M | 320.6M | 224.5M | 371.5M | 536.2M | 312.3M | 156.2M | 393.8M | 471.3M | 202.2M | 97.5M | 153.4M | 316.8M | 65.6M |
| Days Inventory Outstanding | 12.18 | 18.34 | 13.33 | 10.16 | 6.76 | 10.44 | 11.2 | 8.74 | 7.62 | 11.9 | 11.83 | 7.97 | 6.87 | 10.89 | 6.74 | 2.46 | 2.56 | 4.52 | 4.37 | 1.72 |
| Other Current Assets | 312M | 292.7M | 157.3M | 242M | 265.3M | 186.4M | 184.9M | 162.7M | 154.9M | 210.4M | 222.5M | 259M | 247.4M | 335.4M | 298.2M | 195.3M | 99.9M | 126M | 156.9M | 141.5M |
| Total Non-Current Assets | 24.67B | 22.86B | 21.9B | 21.31B | 20.72B | 20.44B | 19.88B | 19.4B | 18.87B | 18.48B | 18.05B | 17.73B | 17.39B | 17.2B | 16.89B | 13.17B | 13.39B | 13.44B | 13.98B | 14.09B |
| Property, Plant & Equipment | 21.77B | 20.63B | 19.61B | 19.02B | 18.41B | 18.06B | 17.43B | 16.89B | 16.28B | 15.81B | 15.33B | 14.89B | 14.47B | 14.21B | 13.72B | 11.88B | 11.65B | 11.67B | 11.92B | 12B |
| Fixed Asset Turnover | 0.19x | 0.20x | 0.22x | 0.22x | 0.27x | 0.25x | 0.23x | 0.22x | 0.28x | 0.27x | 0.26x | 0.22x | 0.30x | 0.33x | 0.42x | 0.53x | 0.43x | 0.46x | 0.38x | 0.29x |
| Goodwill | 0 | 112.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.2B | 1.65B | 1.73B | 1.81B | 1.9B | 1.98B | 2.07B | 2.16B | 2.26B | 2.35B | 2.45B | 2.54B | 2.64B | 2.73B | 2.84B | 1.04B | 1.07B | 1.09B | 1.28B | 1.32B |
| Long-Term Investments | 315M | 307.1M | 349.1M | 268.6M | 217.6M | 193.3M | 177.3M | 159.8M | 152.2M | 146.3M | 138.3M | 131.8M | 134.7M | 131.3M | 136.4M | 137.1M | 579.8M | 586.5M | 674.6M | 685.2M |
| Other Non-Current Assets | 382M | 156.2M | 203.1M | 202.3M | 205M | 204.4M | 202.4M | 182.6M | 180.8M | 173.9M | 131.9M | 168.2M | 143.4M | 122.9M | 200.1M | 116M | 95.3M | 89.4M | 98.2M | 95.2M |
| Total Assets | 27.11B | 25.22B | 24.17B | 23.51B | 22.8B | 22.73B | 21.9B | 21.26B | 20.85B | 20.67B | 20.19B | 19.46B | 19.03B | 19.56B | 19.39B | 15.33B | 15.3B | 15.21B | 15.97B | 15.41B |
| Asset Turnover | 0.16x | 0.16x | 0.18x | 0.17x | 0.21x | 0.20x | 0.18x | 0.17x | 0.22x | 0.21x | 0.20x | 0.17x | 0.22x | 0.23x | 0.31x | 0.41x | 0.33x | 0.35x | 0.29x | 0.23x |
| Asset Growth % | 18.89% | 10.93% | 10.37% | 10.57% | 9.37% | 9.98% | 8.49% | 9.26% | 9.57% | 5.68% | 4.12% | 26.92% | 24.39% | 28.61% | 21.39% | -0.5% | -2.26% | -4.2% | -0.49% | -3.47% |
| Total Current Liabilities | 3.4B | 3.55B | 2.95B | 3.18B | 3.2B | 3.17B | 2.63B | 2.89B | 2.81B | 2.76B | 2.68B | 2.32B | 2.47B | 3.07B | 3.39B | 3.15B | 2.91B | 2.3B | 2.87B | 2.1B |
| Accounts Payable | 1.99B | 1.87B | 1.58B | 1.73B | 1.89B | 2.01B | 1.47B | 1.69B | 1.71B | 1.57B | 1.58B | 1.17B | 1.26B | 1.45B | 1.81B | 1.9B | 1.8B | 1.4B | 1.65B | 1.03B |
| Days Payables Outstanding | 61.6 | 68.92 | 47.25 | 52.52 | 44.69 | 48.5 | 48.03 | 54.48 | 42 | 41.37 | 38.41 | 41.33 | 33.78 | 40.98 | 37.13 | 30.46 | 32.69 | 29.34 | 30.69 | 29.04 |
| Short-Term Debt | 696.9M | 677M | 689.3M | 703.3M | 600M | 330M | 600M | 550M | 500M | 575M | 560M | 547.9M | 704M | 800M | 750M | 400M | 270M | 150M | 340M | 360M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 711.1M | 234.1M | 240.2M | 154.6M | 362.7M | 167.3M | 72.2M | 111.7M | 76.8M | 54M | 105.8M | 51.1M | 156.6M | 320.1M | 401M | 425.5M | 499.8M | 258.2M | 472.3M | 292M |
| Current Ratio | 0.72x | 0.67x | 0.77x | 0.69x | 0.65x | 0.72x | 0.77x | 0.65x | 0.70x | 0.79x | 0.80x | 0.74x | 0.66x | 0.77x | 0.74x | 0.69x | 0.65x | 0.77x | 0.69x | 0.63x |
| Quick Ratio | 0.62x | 0.55x | 0.61x | 0.56x | 0.57x | 0.62x | 0.61x | 0.53x | 0.62x | 0.66x | 0.60x | 0.61x | 0.60x | 0.64x | 0.60x | 0.62x | 0.62x | 0.70x | 0.58x | 0.60x |
| Cash Conversion Cycle | -14.62 | -17.89 | -3.09 | -10.58 | -9.91 | -7.57 | -7.02 | -11.78 | -4.91 | 0.01 | -0.16 | -4.83 | -1.45 | -0.36 | -3.37 | -4.79 | -3.82 | -2.65 | -4.12 | -2.82 |
| Total Non-Current Liabilities | 20.44B | 18.47B | 18.39B | 17.62B | 17.03B | 15.14B | 14.82B | 14.02B | 13.45B | 13.3B | 13.13B | 12.6B | 12.15B | 11.51B | 11.26B | 7.78B | 8.37B | 7.73B | 7.7B | 7.91B |
| Long-Term Debt | 18.19B | 16.4B | 16.74B | 15.84B | 15.31B | 13.55B | 13.36B | 12.72B | 12.28B | 12.09B | 12.08B | 11.59B | 11.23B | 10.51B | 10.39B | 7.03B | 6.95B | 6.42B | 6.42B | 6.59B |
| Capital Lease Obligations | 249.6M | 349.9M | 0 | 239.6M | 235.8M | 330.8M | 318.2M | 322.2M | 309.6M | 300.6M | 273.9M | 264.4M | 236.1M | 221.6M | 99.6M | 19.6M | 13.6M | 48.2M | 14.7M | 15.7M |
| Deferred Tax Liabilities | 1.48B | 0 | 1.23B | 1.08B | 902.2M | 872.1M | 793.7M | 684.5M | 600.2M | 535.8M | 418.3M | 405.1M | 298.3M | 327.7M | 301.4M | 213.4M | 88M | 136M | 78.7M | 124.1M |
| Other Non-Current Liabilities | 528.3M | 1.72B | 425.8M | 463M | 579.2M | 274M | 222.7M | 176.3M | 148.2M | 126.6M | 155.4M | 143.4M | 177.1M | 253.9M | 275.3M | 520.4M | 1.31B | 954.3M | 1.19B | 1.19B |
| Total Liabilities | 23.84B | 22.02B | 21.34B | 20.8B | 20.23B | 18.32B | 17.45B | 16.92B | 16.27B | 16.06B | 15.81B | 14.92B | 14.61B | 14.58B | 14.66B | 10.93B | 11.28B | 10.03B | 10.57B | 10.02B |
| Total Debt | 19.13B | 17.55B | 17.43B | 16.85B | 16.21B | 14.27B | 14.34B | 13.65B | 13.13B | 13.01B | 12.96B | 12.44B | 12.21B | 11.56B | 11.26B | 7.46B | 7.25B | 6.63B | 6.79B | 6.98B |
| Net Debt | 19.03B | 17.38B | 17.31B | 16.74B | 16.06B | 14.11B | 14.21B | 13.48B | 13.02B | 12.87B | 12.82B | 12.27B | 11.99B | 11.35B | 11.06B | 7.31B | 7.11B | 6.47B | 6.56B | 6.77B |
| Debt / Equity | 5.85x | 5.49x | 6.15x | 6.21x | 6.30x | 3.23x | 3.22x | 3.14x | 2.87x | 2.82x | 2.96x | 2.74x | 2.77x | 2.32x | 2.38x | 1.70x | 1.80x | 1.28x | 1.26x | 1.29x |
| Debt / EBITDA | 15.03x | 13.42x | 13.74x | 14.25x | 13.47x | 13.22x | 12.80x | 13.20x | 13.40x | 13.41x | 15.70x | 15.79x | 12.99x | 13.12x | 15.70x | 8.29x | 14.36x | 51.77x | 10.06x | 12.24x |
| Net Debt / EBITDA | 14.95x | 13.29x | 13.65x | 14.16x | 13.34x | 13.07x | 12.68x | 13.04x | 13.29x | 13.27x | 15.53x | 15.58x | 12.77x | 12.88x | 15.43x | 8.12x | 14.09x | 50.53x | 9.72x | 11.87x |
| Interest Coverage | - | 4.20x | 3.81x | 4.76x | 2.79x | 3.95x | 3.95x | 3.58x | 2.80x | 3.58x | 2.90x | 3.90x | 4.96x | 3.79x | 3.32x | 10.54x | 3.16x | -1.49x | 4.19x | 2.71x |
| Total Equity | 3.27B | 3.2B | 2.83B | 2.71B | 2.57B | 4.42B | 4.46B | 4.35B | 4.58B | 4.61B | 4.38B | 4.54B | 4.41B | 4.98B | 4.73B | 4.4B | 4.02B | 5.18B | 5.4B | 5.4B |
| Equity Growth % | 27.07% | -27.61% | -36.44% | -37.65% | -43.8% | -4.16% | 1.84% | -4.21% | 3.75% | -7.47% | -7.47% | 3.17% | 9.83% | -3.79% | -12.38% | -18.45% | -27.25% | -12.27% | -13.07% | -13.92% |
| Book Value per Share | 15.20 | 14.88 | 13.12 | 12.48 | 11.76 | 19.96 | 20.27 | 19.60 | 20.46 | 20.71 | 19.45 | 20.02 | 19.24 | 21.64 | 20.54 | 18.99 | 17.29 | 18.74 | 19.54 | 23.33 |
| Total Shareholders' Equity | 3.14B | 3.07B | 2.71B | 2.59B | 2.45B | 2.59B | 2.57B | 2.47B | 2.7B | 2.74B | 2.51B | 2.68B | 2.55B | 2.67B | 2.38B | 2.07B | 1.7B | 2.01B | 2.19B | 2.19B |
| Common Stock | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K | 200K |
| Retained Earnings | 2.56B | 2.29B | 1.97B | 1.71B | 1.3B | 1.19B | 1B | 783.9M | 654.1M | 492M | 305.5M | 199.5M | -129.8M | -626.8M | -944.8M | -1.14B | -1.73B | -1.82B | -1.51B | -1.69B |
| Treasury Stock | -2.52B | -2.43B | -2.39B | -2.21B | -1.89B | -1.71B | -1.6B | -1.42B | -1.06B | -896.9M | -855.8M | -701.1M | -550.5M | -464.7M | -432M | -350.4M | -276.3M | -204.1M | -164M | -159.5M |
| Accumulated OCI | -14.7M | 113.8M | 57.4M | 43.2M | 6.1M | 27.5M | 65.1M | 11.4M | 33.9M | 85.6M | -5.3M | 130.8M | 84.8M | 54.7M | -6.7M | -276.4M | -418.4M | -230.9M | -442.1M | -294.4M |
| Minority Interest | 132.5M | 130.3M | 127M | 123.3M | 121.2M | 1.83B | 1.88B | 1.88B | 1.87B | 1.87B | 1.87B | 1.86B | 1.86B | 2.32B | 2.35B | 2.33B | 2.32B | 3.17B | 3.21B | 3.21B |