Targa Resources Quarterly Cash Flow Statement
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources free cash flow
In the quarter ended Jun 30, 2026, Targa Resources generated $1.44 billion of operating cash flow and spent $1.01 billion on capital expenditures. That left free cash flow of $431.2 million, a free-cash-flow margin of 9.7% of revenue. Targa Resources returned $80.1 million to shareholders through share repurchases, equal to 19% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources cash flow statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 777.70M | 487.40M | 553.10M | 486.60M | 637.20M | 279.80M | 414.00M | 448.10M | 358.90M | 332.60M | 357.60M | 279.00M |
| Net Income growth (YoY) | +22.05% | +74.20% | +33.60% | +8.59% | +77.54% | -15.87% | +15.77% | +60.61% | -7.38% | -40.09% | -9.67% | -0.11% |
| Depreciation & Amortization | 453.10M | 426.00M | 390.50M | 383.50M | 373.70M | 367.60M | 378.50M | 355.40M | 348.60M | 340.50M | 341.40M | 331.30M |
| Stock-Based Compensation | 18.00M | 23.20M | 17.30M | 17.50M | 17.10M | 17.60M | 15.80M | 17.70M | 15.10M | 14.60M | 16.70M | 15.70M |
| Change in Working Capital | 10.40M | 96.00M | 57.20M | -41.30M | -184.20M | 78.80M | 80.70M | -107.40M | -86.80M | 147.00M | 170.10M | -223.30M |
| Operating Cash Flow | 1.44B | 739.50M | 1.51B | 599.20M | 858.30M | 954.40M | 1.33B | 540.90M | 904.50M | 876.40M | 957.70M | 407.30M |
| Capital Expenditures | -1.01B | -899.50M | -963.20M | -671.80M | -906.10M | -792.20M | -726.90M | -828.80M | -740.30M | -669.80M | -720.00M | -591.70M |
| Investing Cash Flow | -1.01B | -2.16B | -1.18B | -691.10M | -956.80M | -813.30M | -746.30M | -847.30M | -749.80M | -677.90M | -727.00M | -599.20M |
| Share Repurchases | -80.10M | -55.00M | -37.00M | -155.60M | -324.30M | -124.90M | -108.00M | -167.90M | -355.10M | -123.70M | 14.80M | -153.60M |
| Debt Issued | 0 | 1.50B | 1.75B | 0 | 1.50B | 1.99B | 0 | 999.40M | 0 | 0 | 2.01B | -100.00K |
| Debt Repaid | 0 | -687.10M | 0 | — | — | — | — | — | — | — | — | 0 |
| Financing Cash Flow | -395.60M | 1.36B | -282.70M | 102.90M | 60.20M | -147.00M | -551.50M | 267.20M | -98.20M | -230.30M | -228.50M | 162.00M |
| Net Change in Cash | 32.20M | -66.00M | 42.00M | 11.00M | -38.30M | -5.90M | 30.10M | -39.20M | 56.50M | -31.80M | 2.20M | -29.90M |
| Free Cash Flow | 431.20M | -160.00M | 542.30M | -72.60M | -47.80M | 162.20M | 601.00M | -287.90M | 164.20M | 206.60M | 237.70M | -184.40M |
This table shows 12 quarterly periods of Targa Resources's cash flow statement, from Q2 2026 back to Q3 2023, 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?