| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 124,100 | 113,100 | 151,400 | 127,200 |
| Trade receivables, net of allowances of 0.7 million and 2.5 million as of september 30, 2025 and december 31, 2024 | 1,407,700 | 1,408,600 | 1,403,300 | 1,301,200 |
| Inventories | 490,700 | 443,500 | 256,200 | 414,900 |
| Assets from risk management activities | 99,800 | 78,300 | 74,200 | 75,000 |
| Other current assets | 157,300 | 163,700 | 191,100 | 109,900 |
| Total current assets | 2,279,600 | 2,207,200 | 2,076,200 | 2,028,200 |
| Property, plant and equipment | 31,974,100 | 31,089,000 | 30,181,100 | 28,632,400 |
| Accumulated depreciation, amortization and impairment | 12,364,000 | 12,068,700 | 11,775,500 | 11,207,200 |
| Property, plant and equipment, net | 19,610,100 | 19,020,300 | 18,405,600 | 17,425,200 |
| Intangible assets, net | 1,732,900 | 1,814,400 | 1,895,900 | 2,070,700 |
| Long-term assets from risk management activities | 33,200 | 26,200 | 34,700 | 35,300 |
| Investments in unconsolidated affiliates | 315,900 | 268,600 | 217,600 | 177,300 |
| Other long-term assets | 203,100 | 176,100 | 170,300 | 167,100 |
| Total assets | 24,174,800 | 23,512,800 | 22,800,300 | 21,903,800 |
| Accounts payable | 1,584,400 | 1,726,700 | 1,889,800 | 1,467,900 |
| Accrued liabilities | 281,100 | 214,000 | 163,700 | 320,700 |
| Interest payable | 152,200 | 313,200 | 121,500 | 113,200 |
| Liabilities from risk management activities | 240,200 | 154,600 | 362,700 | 72,200 |
| Current debt obligations | 689,300 | 768,200 | 660,400 | 653,300 |
| Total current liabilities | 2,947,200 | 3,176,700 | 3,198,100 | 2,627,300 |
| Long-term debt | 16,742,000 | 16,082,300 | 15,548,300 | 13,601,400 |
| Long-term liabilities from risk management activities | 34,200 | 72,700 | 194,400 | 82,900 |
| Deferred income taxes, net | 1,226,000 | 1,079,400 | 902,200 | 793,700 |
| Deferred revenue | - | - | - | 119,300 |
| Asset retirement obligations | - | - | - | 135,500 |
| Operating lease liabilities | - | - | - | 80,900 |
| Other liabilities | - | - | - | 4,300 |
| Other long-term liabilities | 391,600 | 390,300 | 384,600 | 340,000 |
| Common stock (0.001 par value, 450,000,000 shares authorized as of september 30, 2025 and december 31, 2024) | 200 | 200 | 200 | 200 |
| Additional paid-in capital | 3,070,800 | 3,053,300 | 3,036,200 | 3,106,200 |
| Retained earnings (deficit) | 1,966,200 | 1,705,400 | 1,295,300 | 1,004,700 |
| Accumulated other comprehensive income (loss) | 57,400 | 43,200 | 6,100 | 65,100 |
| Treasury stock, at cost (27,859,782 shares and 24,000,284 shares as of september 30, 2025 and december 31, 2024) | 2,387,800 | 2,214,000 | 1,886,300 | 1,602,300 |
| Total targa resources corp. stockholders' equity | 2,706,800 | 2,588,100 | 2,451,500 | 2,573,900 |
| Noncontrolling interests | 127,000 | 123,300 | 121,200 | 1,884,600 |
| Total owners' equity | 2,833,800 | 2,711,400 | 2,572,700 | 4,458,500 |
| Total liabilities and owners' equity | 24,174,800 | 23,512,800 | 22,800,300 | 21,903,800 |
Targa Resources Corp. (TRGP)
Targa Resources Corp. (TRGP)