Targa Resources, Inc.
TRGP Energy Oil & Gas Midstream
Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024. In the quarter to June 2026, revenue grew 4.23%, EPS grew 22.9%, free cash flow grew 1,002.1% and total debt rose 16.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, operating cash flow growth for five.
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Targa Resources, Inc. 10-Q filed Aug 6, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 38.6% while revenue grew 4.2% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 7, 2026: 17 added · 4 removed · 19 modified; 10 with only figures updated; 1 moved without change
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Modified · Permian Basin Processing Expansions
East Driver plant, a 275 MMcf/d plant in Permian Midland (the “East Driver plant”),
expected to begincommenced operations late in thethirdsecond quarter of 2026.
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