Targa Resources Cash Flow Statement
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources free cash flow
In fiscal 2025, Targa Resources generated $3.92 billion of operating cash flow and spent $3.33 billion on capital expenditures. That left free cash flow of $584.1 million, a free-cash-flow margin of 3.4% of revenue. Free cash flow was down 14.6% from the prior year's $683.9 million.
Targa Resources returned $641.8 million to shareholders through share repurchases, equal to 110% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.96B | 1.55B | 1.58B | 1.53B | 422.10M | -1.32B | 41.20M | 60.40M | 104.20M | -159.10M |
| Net Income growth (YoY) | +25.95% | -1.63% | +3.13% | +262.81% | — | -3316.02% | -31.79% | -42.03% | — | — |
| Depreciation & Amortization | 1.52B | 1.42B | 1.33B | 1.10B | 870.60M | 865.10M | 971.60M | 815.90M | 809.50M | 757.70M |
| Stock-Based Compensation | 69.50M | 63.20M | 62.40M | 57.50M | 59.20M | 66.20M | 60.30M | 56.30M | 42.30M | 29.70M |
| Change in Working Capital | -89.50M | 33.50M | 36.00M | -236.20M | 40.60M | -27.70M | 35.80M | 43.30M | 27.00M | 160.20M |
| Operating Cash Flow | 3.92B | 3.65B | 3.21B | 2.38B | 2.30B | 1.74B | 1.39B | 1.14B | 939.50M | 837.40M |
| Capital Expenditures | -3.33B | -2.97B | -2.39B | -1.33B | -505.10M | -951.60M | -2.88B | -3.11B | -1.30B | -562.10M |
| Investing Cash Flow | -3.64B | -3.02B | -2.40B | -4.15B | -473.20M | -738.10M | -3.07B | -3.15B | -1.89B | -558.60M |
| Dividends Paid | — | — | — | — | — | — | — | -908.30M | -843.20M | -565.90M |
| Share Repurchases | -641.80M | -754.70M | -373.70M | -224.80M | -53.20M | -97.40M | -13.90M | -4.00M | — | — |
| Debt Issued | 5.24B | 999.40M | 3.73B | 2.74B | 1.00B | 1.00B | 2.50B | 1.00B | 750.00M | 1.00B |
| Debt Repaid | -705.20M | — | — | -1.47B | -1.13B | -1.39B | -749.40M | — | -698.10M | -1.85B |
| Financing Cash Flow | -266.60M | -612.80M | -888.10M | 1.83B | -1.91B | -1.09B | 1.78B | 2.10B | 1.02B | -345.50M |
| Net Change in Cash | 8.80M | 15.60M | -77.30M | 60.50M | -84.30M | -88.30M | 99.00M | 94.90M | 63.70M | — |
| Free Cash Flow | 584.10M | 683.90M | 826.20M | 1.05B | 1.80B | 792.90M | -1.49B | -1.97B | -358.00M | 275.30M |
This table shows 10 annual periods of Targa Resources's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow TRGP's reporting calendar. What is a cash flow statement?