# Targa Resources Corp. (TRGP)

**Exchange:** NYSE  
**Sector:** Energy  
**Market cap:** $59.11B  
**Price:** $272.54 (+3.17%)

> Targa Resources Corp. is a midstream energy company that provides infrastructure for the gathering, processing, transportation, storage, and fractionation of natural gas and natural gas liquids. The company operates a network of assets across major U.S. production regions, including the Permian Basin, and supports the movement of hydrocarbons from wellhead to market. Its business also includes natural gas liquids pipelines, fractionation facilities, and export operations that help connect supply with domestic and international demand. Targa Resources Corp. plays an important role in the energy value chain by enabling the handling and distribution of key feedstocks used in fuel, petrochemical, and industrial markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $17.03B | $6.52B | $3.33B | $1.92B | $8.49 |
| 2024 | $14.14B | $3.43B | $2.70B | $1.31B | $5.74 |
| 2023 | $13.52B | $2.84B | $2.63B | $1.35B | $3.66 |
| 2022 | $19.82B | $2.94B | $1.73B | $1.20B | $3.88 |
| 2021 | $16.09B | $2.36B | $865M | $71M | $-0.07 |
| 2020 | $6.87B | $1.69B | -$1.30B | -$1.55B | $-7.26 |
| 2019 | $7.40B | $2.55B | $193M | -$209M | $-1.44 |
| 2018 | $9.35B | $2.25B | $238M | $2M | $-0.53 |
| 2017 | $7.80B | $1.91B | -$122M | $54M | $-0.31 |
| 2016 | $6.69B | $1.77B | $56M | -$187M | $-1.80 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $25.22B | $22.15B | $3.07B | $166M | $17.43B |
| 2024 | $22.73B | $20.14B | $2.59B | $157M | $14.17B |
| 2023 | $20.67B | $17.93B | $2.74B | $142M | $12.95B |
| 2022 | $19.56B | $16.89B | $2.67B | $219M | $11.54B |
| 2021 | $15.21B | $13.20B | $2.01B | $159M | $6.60B |
| 2020 | $15.88B | $13.22B | $2.65B | $243M | $7.76B |
| 2019 | $18.82B | $13.89B | $4.92B | $331M | $7.82B |
| 2018 | $16.94B | $10.86B | $6.08B | $232M | $6.66B |
| 2017 | $14.39B | $8.23B | $6.16B | $137M | $5.05B |
| 2016 | $12.87B | $7.62B | $5.25B | $74M | $4.88B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3.92B | $3.33B | $584M |
| 2024 | $3.65B | $2.97B | $684M |
| 2023 | $3.21B | $2.39B | $826M |
| 2022 | $2.38B | $1.33B | $1.05B |
| 2021 | $2.30B | $505M | $1.80B |
| 2020 | $1.74B | $952M | $793M |
| 2019 | $1.39B | $2.88B | -$1.49B |
| 2018 | $1.14B | $3.11B | -$1.97B |
| 2017 | $940M | $1.30B | -$358M |
| 2016 | $837M | $562M | $275M |
| 2013 | $383M | $1.01B | -$631M |
| 2012 | $428M | $583M | -$155M |
| 2011 | $379M | $332M | $47M |
| 2010 | $205M | $139M | $66M |
| 2009 | $336M | $99M | $236M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TRGP)