Targa Resources Balance Sheet
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources financial position
At the end of fiscal 2025, Targa Resources reported total assets of $25.22 billion, up 10.9% from a year earlier against total liabilities of $22.02 billion. Shareholders' equity stood at $3.07 billion, or 12.2% of assets. The company held $166.1 million in cash and equivalents against $16.66 billion of debt, a net debt position of $16.50 billion.
The current ratio (current assets divided by current liabilities) was 0.67, meaning short-term obligations exceed short-term assets. Debt-to-equity was 5.43.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20212022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 166.10M | 157.30M | 141.70M | 219.00M | 158.50M | 242.80M | 331.10M | 232.10M | 137.20M | 73.50M |
| Receivables | 1.47B | 1.62B | 1.47B | 1.41B | 1.33B | 862.80M | 855.00M | 865.50M | 827.60M | 674.60M |
| Inventory | 429.30M | 334.30M | 371.50M | 393.80M | 153.40M | 181.50M | 161.50M | 164.70M | 204.50M | 137.70M |
| Total Current Assets | 2.36B | 2.30B | 2.19B | 2.36B | 1.77B | 1.46B | 1.66B | 1.42B | 1.27B | 1.01B |
| Property, Plant & Equipment | 20.53B | 18.06B | 15.81B | 14.21B | 11.67B | 12.17B | 14.55B | 12.93B | 10.43B | 9.69B |
| Goodwill | 112.30M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | 46.60M | 256.60M | 210.00M |
| Intangible Assets | 1.65B | 1.98B | 2.35B | 2.73B | 1.09B | 1.38B | 1.74B | 1.98B | 2.17B | 1.65B |
| Total Assets | 25.22B | 22.73B | 20.67B | 19.56B | 15.21B | 15.88B | 18.82B | 16.94B | 14.39B | 12.87B |
| Accounts Payable | 1.87B | 2.01B | 1.57B | 1.45B | 1.40B | 833.80M | 954.80M | 1.74B | 1.19B | 843.50M |
| Short-Term Debt | — | — | — | — | 150.00M | 356.50M | 370.00M | 1.03B | 350.00M | 275.00M |
| Total Current Liabilities | 3.55B | 3.17B | 2.76B | 3.07B | 2.30B | 1.78B | 1.87B | 2.80B | 1.62B | 1.17B |
| Long-Term Debt | 16.66B | 13.79B | 12.33B | 10.70B | 6.43B | 7.39B | 7.44B | 5.63B | 4.70B | 4.61B |
| Total Liabilities | 22.02B | 18.32B | 16.06B | 14.58B | 10.03B | 9.97B | 10.37B | 9.47B | 7.63B | 7.15B |
| Shareholders' Equity | 3.07B | 2.59B | 2.74B | 2.67B | 2.01B | 2.65B | 4.92B | 6.08B | 6.16B | 5.25B |
| Retained Earnings | 2.29B | 1.19B | 492.00M | -626.80M | -1.82B | -1.89B | -339.60M | -130.40M | -77.20M | -187.30M |
| Total Debt | 16.66B | 13.79B | 12.33B | 10.70B | 6.58B | 7.74B | 7.81B | 6.66B | 5.05B | 4.88B |
| Net Cash (Debt) | -16.50B | -13.63B | -12.19B | -10.48B | -6.43B | -7.50B | -7.48B | -6.43B | -4.92B | -4.81B |
| Shares Outstanding | 214.66M | 217.76M | 222.61M | 226.04M | 228.22M | 228.06M | 232.84M | 231.79M | 217.57M | 184.72M |
This table shows 10 annual periods of Targa Resources's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow TRGP's reporting calendar. What is a balance sheet?