Targa Resources Quarterly Balance Sheet
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources financial position
As of Jun 30, 2026, Targa Resources reported total assets of $28.52 billion, up 21.3% from a year earlier against total liabilities of $24.72 billion. Shareholders' equity stood at $3.66 billion, or 12.8% of assets. The company held $132.3 million in cash and equivalents against $19.02 billion of debt, a net debt position of $18.89 billion.
The current ratio (current assets divided by current liabilities) was 0.77, meaning short-term obligations exceed short-term assets. Debt-to-equity was 5.20.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 132.30M | 100.10M | 166.10M | 124.10M | 113.10M | 151.40M | 157.30M | 127.20M | 166.40M | 109.90M | 141.70M | 139.50M |
| Receivables | 1.95B | 1.69B | 1.47B | 1.41B | 1.41B | 1.40B | 1.62B | 1.30B | 1.22B | 1.48B | 1.47B | 1.24B |
| Inventory | 311.70M | 334.40M | 429.30M | 490.70M | 443.50M | 256.20M | 334.30M | 414.90M | 320.60M | 224.50M | 371.50M | 536.20M |
| Total Current Assets | 2.63B | 2.44B | 2.36B | 2.28B | 2.21B | 2.08B | 2.30B | 2.03B | 1.87B | 1.97B | 2.19B | 2.14B |
| Property, Plant & Equipment | 23.06B | 21.77B | 20.53B | 19.61B | 19.02B | 18.41B | 18.06B | 17.43B | 16.89B | 16.28B | 15.81B | 15.33B |
| Goodwill | 118.90M | 118.90M | 112.30M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | 45.20M | — |
| Intangible Assets | 2.11B | 2.20B | 1.65B | 1.73B | 1.81B | 1.90B | 1.98B | 2.07B | 2.16B | 2.26B | 2.35B | 2.45B |
| Total Assets | 28.52B | 27.11B | 25.22B | 24.17B | 23.51B | 22.80B | 22.73B | 21.90B | 21.26B | 20.85B | 20.67B | 20.19B |
| Accounts Payable | 2.11B | 1.99B | 1.87B | 1.58B | 1.73B | 1.89B | 2.01B | 1.47B | 1.69B | 1.71B | 1.57B | 1.58B |
| Total Current Liabilities | 3.41B | 3.40B | 3.55B | 2.95B | 3.18B | 3.20B | 3.17B | 2.63B | 2.89B | 2.81B | 2.76B | 2.68B |
| Long-Term Debt | 19.02B | 18.43B | 16.66B | 16.74B | 16.08B | 15.55B | 13.79B | 13.60B | 12.97B | 12.51B | 12.33B | 12.32B |
| Total Liabilities | 24.72B | 23.84B | 22.02B | 21.34B | 20.80B | 20.23B | 18.32B | 17.45B | 16.92B | 16.27B | 16.06B | 15.81B |
| Shareholders' Equity | 3.66B | 3.14B | 3.07B | 2.71B | 2.59B | 2.45B | 2.59B | 2.57B | 2.47B | 2.70B | 2.74B | 2.51B |
| Retained Earnings | 3.05B | 2.56B | 2.29B | 1.97B | 1.71B | 1.30B | 1.19B | 1.00B | 783.90M | 654.10M | 492.00M | 305.50M |
| Total Debt | 19.02B | 18.43B | 16.66B | 16.74B | 16.08B | 15.55B | 13.79B | 13.60B | 12.97B | 12.51B | 12.33B | 12.32B |
| Net Cash (Debt) | -18.89B | -18.33B | -16.50B | -16.62B | -15.97B | -15.40B | -13.63B | -13.47B | -12.80B | -12.40B | -12.19B | -12.18B |
| Shares Outstanding | 214.42M | 214.73M | 214.66M | 214.84M | 215.51M | 217.46M | 217.76M | 218.33M | 219.17M | 222.15M | 222.61M | 223.08M |
This table shows 12 quarterly periods of Targa Resources's balance sheet, from Q2 2026 back to Q3 2023, 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?