| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 100,100 | 166,100 | 124,100 | 113,100 |
| Trade receivables, net of allowances of 0.7 million and 0.7 million as of march 31, 2026 and december 31, 2025 | 1,691,700 | 1,474,600 | 1,407,700 | 1,408,600 |
| Inventories | 334,400 | 429,300 | 490,700 | 443,500 |
| Assets from risk management activities | 100,600 | 154,700 | 99,800 | 78,300 |
| Other current assets | 211,400 | 138,000 | 157,300 | 163,700 |
| Total current assets | 2,438,200 | 2,362,700 | 2,279,600 | 2,207,200 |
| Property, plant and equipment | 34,751,000 | 33,201,100 | 31,974,100 | 31,089,000 |
| Accumulated depreciation, amortization and impairment | 12,980,100 | 12,666,300 | 12,364,000 | 12,068,700 |
| Property, plant and equipment, net | 21,770,900 | 20,534,800 | 19,610,100 | 19,020,300 |
| Intangible assets, net | 2,201,200 | 1,651,400 | 1,732,900 | 1,814,400 |
| Long-term assets from risk management activities | 38,500 | 35,000 | 33,200 | 26,200 |
| Investments in unconsolidated affiliates | 315,000 | 307,100 | 315,900 | 268,600 |
| Other long-term assets | 343,500 | 327,400 | 203,100 | 176,100 |
| Total assets | 27,107,300 | 25,218,400 | 24,174,800 | 23,512,800 |
| Accounts payable | 1,987,900 | 1,873,000 | 1,584,400 | 1,726,700 |
| Accrued liabilities | 193,200 | 358,600 | 281,100 | 214,000 |
| Interest payable | 149,800 | 311,000 | 152,200 | 313,200 |
| Liabilities from risk management activities | 368,100 | 234,100 | 240,200 | 154,600 |
| Current debt obligations | 696,900 | 770,100 | 689,300 | 768,200 |
| Total current liabilities | 3,395,900 | 3,546,800 | 2,947,200 | 3,176,700 |
| Long-term debt | 18,434,900 | 16,662,400 | 16,742,000 | 16,082,300 |
| Long-term liabilities from risk management activities | 112,800 | 22,500 | 34,200 | 72,700 |
| Deferred income taxes, net | 1,479,200 | 1,393,500 | 1,226,000 | 1,079,400 |
| Other long-term liabilities | 415,500 | 395,000 | 391,600 | 390,300 |
| Common stock (0.001 par value, 450,000,000 shares authorized as of march 31, 2026 and december 31, 2025) | 200 | 200 | 200 | 200 |
| Additional paid-in capital | 3,111,300 | 3,088,100 | 3,070,800 | 3,053,300 |
| Retained earnings (deficit) | 2,556,900 | 2,294,400 | 1,966,200 | 1,705,400 |
| Accumulated other comprehensive income (loss) | -14,700 | 113,800 | 57,400 | 43,200 |
| Treasury stock, at cost (28,516,011 shares and 28,108,057 shares as of march 31, 2026 and december 31, 2025) | 2,517,200 | 2,428,600 | 2,387,800 | 2,214,000 |
| Total targa resources corp. stockholders' equity | 3,136,500 | 3,067,900 | 2,706,800 | 2,588,100 |
| Noncontrolling interests | 132,500 | 130,300 | 127,000 | 123,300 |
| Total owners' equity | 3,269,000 | 3,198,200 | 2,833,800 | 2,711,400 |
| Total liabilities and owners' equity | 27,107,300 | 25,218,400 | 24,174,800 | 23,512,800 |
Targa Resources Corp. (TRGP)
Targa Resources Corp. (TRGP)