| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income (loss) | 1,403,600 | 917,000 | 279,800 | 1,139,500 |
| Amortization in interest expense | 12,800 | 7,900 | 3,900 | 10,900 |
| Compensation on equity grants | 52,200 | 34,700 | 17,600 | 47,400 |
| Depreciation and amortization expense | 1,124,800 | 741,300 | 367,600 | 1,044,500 |
| (gain) loss on sale or disposition of assets | - | - | - | 2,700 |
| Write-downs of assets | - | - | - | 4,000 |
| Accretion of asset retirement obligations | - | - | - | 4,200 |
| Deferred income tax expense (benefit) | 385,500 | 226,700 | 56,900 | 264,100 |
| Equity (earnings) loss of unconsolidated affiliates | 17,000 | 10,600 | 5,500 | 7,900 |
| Distributions of earnings received from unconsolidated affiliates | 12,600 | 7,400 | 2,400 | 15,200 |
| Risk management activities | -4,800 | 31,700 | -248,800 | -86,300 |
| (gain) loss from financing activities | - | - | - | -800 |
| Other, net | 14,600 | 14,000 | 3,900 | - |
| Receivables and other assets | -197,900 | -319,800 | -217,100 | -239,400 |
| Inventories | 146,700 | 105,400 | -78,800 | 47,200 |
| Accounts payable, accrued liabilities and other liabilities | -516,300 | -352,500 | -169,300 | -360,300 |
| Interest payable | -116,900 | 44,100 | -147,600 | -116,400 |
| Net cash provided by (used in) operating activities | 2,411,900 | 1,812,700 | 954,400 | 2,321,800 |
| Outlays for property, plant and equipment | 2,370,100 | 1,698,300 | 792,200 | 2,238,900 |
| Proceeds from sale of assets | - | - | - | 2,900 |
| Investments in unconsolidated affiliates | 124,300 | 75,800 | 23,800 | 39,800 |
| Return of capital from unconsolidated affiliates | 6,100 | 3,700 | 2,500 | 1,400 |
| Other, net | -27,100 | -300 | -200 | 600 |
| Net cash provided by (used in) investing activities | -2,461,200 | -1,770,100 | -813,300 | -2,275,000 |
| Proceeds from borrowings of commercial paper notes | 87,080,600 | 46,656,200 | 25,432,000 | 59,651,000 |
| Repayments of commercial paper notes | 86,916,100 | 47,119,700 | 25,642,500 | 58,875,000 |
| Repayment of term loan facility | - | 0 | - | 500,000 |
| Proceeds from borrowings under accounts receivable securitization facility | 1,470,000 | 870,000 | 870,000 | 775,000 |
| Repayments of accounts receivable securitization facility | 1,200,000 | 1,200,000 | 600,000 | 750,000 |
| Proceeds from issuance of senior unsecured notes | 3,490,700 | 3,490,700 | 1,993,900 | 999,400 |
| Redemption of senior unsecured notes | 705,200 | - | - | - |
| Principal payments of finance leases | 53,800 | 30,200 | 14,600 | 36,200 |
| Costs incurred in connection with financing arrangements | 43,300 | 41,300 | 29,300 | 9,900 |
| Repurchases of common stock | 604,800 | 449,200 | 124,900 | 700,000 |
| Shares tendered for tax withholding obligations | 63,800 | 46,700 | 46,500 | - |
| Contributions from noncontrolling interests | - | 0 | - | 9,000 |
| Distributions to noncontrolling interests | 28,900 | 24,200 | 17,900 | 172,700 |
| Repurchase of noncontrolling interests | 1,800,400 | 1,800,400 | 1,800,000 | 1,300 |
| Dividends paid to common shareholders | 602,500 | 385,600 | 167,200 | 450,600 |
| Other, net | -6,400 | -6,400 | - | - |
| Net cash provided by (used in) financing activities | 16,100 | -86,800 | -147,000 | -61,300 |
| Net change in cash and cash equivalents | -33,200 | -44,200 | -5,900 | -14,500 |
| Cash and cash equivalents at beginning of period | 157,300 | 157,300 | 157,300 | 141,700 |
| Cash and cash equivalents at end of period | 124,100 | 113,100 | 151,400 | 127,200 |
Targa Resources Corp. (TRGP)
Targa Resources Corp. (TRGP)