TARGA RESOURCES CORP. (TRGP)

287.82 -0.39% (-1.13)

Over 5Y: +621.0%

2026-08-28
100 200 300
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '23 — Revenue: 3.9B Q3 '23 — Operating Cash Flow: 407.3M Q3 '23 — Free Cash Flow: -184.4M Q3 '23 — Net Income: 220M Q4 '23 — Revenue: 4.2B Q4 '23 — Operating Cash Flow: 957.7M Q4 '23 — Free Cash Flow: 237.7M Q4 '23 — Net Income: 299.6M Q1 '24 — Revenue: 4.6B Q1 '24 — Operating Cash Flow: 876.4M Q1 '24 — Free Cash Flow: 206.6M Q1 '24 — Net Income: 275.2M Q2 '24 — Revenue: 3.6B Q2 '24 — Operating Cash Flow: 904.5M Q2 '24 — Free Cash Flow: 164.2M Q2 '24 — Net Income: 298.5M Q3 '24 — Revenue: 3.9B Q3 '24 — Operating Cash Flow: 540.9M Q3 '24 — Free Cash Flow: -287.9M Q3 '24 — Net Income: 387.4M Q4 '24 — Revenue: 4.4B Q4 '24 — Operating Cash Flow: 1.3B Q4 '24 — Free Cash Flow: 601M Q4 '24 — Net Income: 351M Q1 '25 — Revenue: 4.6B Q1 '25 — Operating Cash Flow: 954.4M Q1 '25 — Free Cash Flow: 162.2M Q1 '25 — Net Income: 270.5M Q2 '25 — Revenue: 4.3B Q2 '25 — Operating Cash Flow: 858.3M Q2 '25 — Free Cash Flow: -47.8M Q2 '25 — Net Income: 629.1M Q3 '25 — Revenue: 4.2B Q3 '25 — Operating Cash Flow: 599.2M Q3 '25 — Free Cash Flow: -72.6M Q3 '25 — Net Income: 478.4M Q4 '25 — Revenue: 4.1B Q4 '25 — Operating Cash Flow: 1.5B Q4 '25 — Free Cash Flow: 542.3M Q4 '25 — Net Income: 545M Q1 '26 — Revenue: 4.1B Q1 '26 — Operating Cash Flow: 739.5M Q1 '26 — Free Cash Flow: -160M Q1 '26 — Net Income: 479.6M Q2 '26 — Revenue: 4.4B Q2 '26 — Operating Cash Flow: 1.4B Q2 '26 — Free Cash Flow: 431.2M Q2 '26 — Net Income: 764.6M 0 1B 2B 3B 4B 5B
Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.1
SBC / sales 0.45%
Oper. margin 22.9%
ROIC 12.7%
OE margin 4.0%
Accruals -7.1%
ROE 62.0%
OCF margin 25.6%
ROA 8.0%
ROCE 15.3%
Gross margin 43.2%
OCF / EBIT 1.1×
FCF margin 4.4%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.6
Segment HHI 0.99 HHI
RPO / sales —
RPO growth —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

1.9
ND/EBITDA —
Current ratio 0.77×
Payout 0.0%
F-score 6.0 pts
Quick ratio 0.68×
Cash / Debt 0.0065×
Debt / Eq 5.6×
Debt payback 27.3 yr
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.7
Sales CAGR 4Y +0.12%
Sales/sh Y/Y +0.016%
Div. growth +47.0%
EBIT CAGR +25.6%
EBIT Y/Y +27.6%
EPS Y/Y +41.2%
Sales Q/Q +4.2%
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.