For the year ending 2025-12-31, TRGP has $25,218,400K in assets. $166,100K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 166,100 | 157,300 | 141,700 | 219,000 |
| Trade receivables, net of allowances of 0.7 million and 2.5 million as of december 31, 2025 and 2024 | 1,474,600 | 1,618,300 | 1,471,000 | 1,408,400 |
| Inventories | 429,300 | 334,300 | 371,500 | 393,800 |
| Assets from risk management activities | 154,700 | 61,800 | 111,900 | 179,900 |
| Other current assets | 138,000 | 124,600 | 98,500 | 155,500 |
| Total current assets | 2,362,700 | 2,296,300 | 2,194,600 | 2,356,600 |
| Property, plant and equipment | 33,201,100 | 29,559,400 | 26,265,200 | 23,913,200 |
| Accumulated depreciation, amortization and impairment | 12,666,300 | 11,496,700 | 10,458,800 | 9,698,600 |
| Property, plant and equipment, net | 20,534,800 | 18,062,700 | 15,806,400 | 14,214,600 |
| Intangible assets, net | 1,651,400 | 1,977,400 | 2,350,600 | 2,734,600 |
| Long-term assets from risk management activities | 35,000 | 25,300 | 33,300 | 24,500 |
| Investments in unconsolidated affiliates | 307,100 | 193,300 | 146,300 | 131,300 |
| Other long-term assets | 327,400 | 179,100 | 140,600 | 98,400 |
| Total assets | 25,218,400 | 22,734,100 | 20,671,800 | 19,560,000 |
| Accounts payable | 1,873,000 | 2,012,500 | 1,574,900 | 1,448,800 |
| Accrued liabilities | 358,600 | 336,000 | 281,700 | 273,300 |
| Distributions payable | - | - | - | 16,200 |
| Interest payable | 311,000 | 269,100 | 229,600 | 174,000 |
| Liabilities from risk management activities | 234,100 | 167,300 | 54,000 | 320,100 |
| Current debt obligations | 770,100 | 387,700 | 620,700 | 834,300 |
| Total current liabilities | 3,546,800 | 3,172,600 | 2,760,900 | 3,066,700 |
| Long-term debt | 16,662,400 | 13,786,900 | 12,333,200 | 10,702,100 |
| Long-term liabilities from risk management activities | 22,500 | 92,000 | 16,800 | 140,100 |
| Deferred income taxes, net | 1,393,500 | 872,100 | 535,800 | 327,700 |
| Deferred revenue | - | 119,900 | 248,800 | 198,800 |
| Asset retirement obligations | - | 177,700 | 103,000 | 97,900 |
| Operating lease liabilities | - | 90,400 | 56,500 | 28,600 |
| Other liabilities | - | 4,300 | 6,800 | 15,900 |
| Other long-term liabilities | 395,000 | 392,300 | 415,100 | 341,200 |
| Series a preferred 9.5 stock, 1,000 per share liquidation preference (1,200,000 shares authorized, zero shares issued and outstanding as of december 31, 2023 and december 31, 2022), net of discount-Series APreferred Stock | - | - | 0 | 0 |
| Common stock (0.001 par value, 450,000,000 shares authorized as of december 31, 2025 and 2024) | 200 | 200 | 200 | 200 |
| Additional paid-in capital | 3,088,100 | 3,089,100 | 3,058,800 | 3,702,300 |
| Retained earnings (deficit) | 2,294,400 | 1,190,000 | 492,000 | -626,800 |
| Accumulated other comprehensive income (loss) | 113,800 | 27,500 | 85,600 | 54,700 |
| Treasury stock, at cost (26,823,261 shares and 24,000,284 shares as of december 31, 2025 and 2024) | 2,428,600 | 1,714,400 | 896,900 | 464,700 |
| Total targa resources corp. stockholders' equity | 3,067,900 | 2,592,400 | 2,739,700 | 2,665,700 |
| Noncontrolling interests | 130,300 | 1,825,800 | 1,870,300 | 2,316,500 |
| Total owners' equity | 3,198,200 | 4,418,200 | 4,610,000 | 4,982,200 |
| Total liabilities and owners' equity | 25,218,400 | 22,734,100 | 20,671,800 | 19,560,000 |
Targa Resources Corp. (TRGP)
Targa Resources Corp. (TRGP)