Friday 6 November 2026 Export TRGP’s income statement to Excel — free account

Targa Resources, Inc.

Targa Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.0 billion, up 3.95% from fiscal 2024.

Revenue: +34.9%
EPS: +38.0%
Free cash flow: +265.7%
Total debt: +13.8%

Quarter to September 2026, against a year earlier

273.15 11.85 −4.16%

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Market cap: $58.3B
P/E: 24.1×
Fwd P/E: 27.8×
Dividend yield: 1.74%
F-score: 6/9
Altman Z: 2.27
Beneish M: −3.05
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26 From the 10-Q filed 5 Nov
P/E ratio Full definition →	+8 more quarters Free account	21.65	25.51	25.56	23.86
P/S ratio Full definition →		2.34	3.25	3.44	3.19
P/FCF ratio Full definition →		68.26	205.64	77.67	62.09
P/Operating CF Full definition →		26.48	72.83	39.92	42.47
P/B ratio Full definition →		12.47	16.48	15.16	14.64
Price to Tangible BV Full definition →		25.78	50.44	34.04	29.61
EV/Sales Full definition →		3.36	4.40	4.60	4.27
EV/EBITDA Full definition →		11.75	13.95	13.98	13.29
EV/Operating CF Full definition →		14.59	19.69	17.96	15.38
EV/FCF Full definition →		97.82	278.31	103.91	83.19
Quick Ratio Full definition →		0.46	0.53	0.61	0.59
Current Ratio Full definition →		0.67	0.72	0.77	0.74
Net Debt/EBITDA Full definition →		13.16	14.89	11.49	12.62
Debt/Assets Full definition →		69.13%	70.58%	68.66%	67.05%
Debt/Equity Full definition →		5.45	5.85	5.16	5.01
Asset Turnover Full definition →		0.71	0.66	0.64	0.68
Operating CF/Net income Full definition →		2.79	1.55	1.90	0.00
Capex/Depreciation Full definition →		(2.44)	(2.09)	(2.20)	(2.68)
Interest Coverage Full definition →		4.25	3.72	5.22	4.71
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		11.08%	10.78%	10.41%	8.67%
Intangible Assets out of Total Assets Full definition →		0.07	0.08	0.07	0.07
Share Based Compensation of Revenue Full definition →		0.43%	0.57%	0.41%	0.31%
Graham Net Nets Full definition →		(0.49)	(0.40)	(0.38)	(0.39)
Graham Number Full definition →		53.26	58.02	64.61	68.61
Earnings Yield Full definition →		4.62%	3.92%	3.91%	4.19%
Free Cash Flow Yield Full definition →		1.46%	0.49%	1.29%	1.61%
Revenue per Share Full definition →		18.77	19.06	20.69	26.10
Operating CF per Share Full definition →		6.97	3.44	6.72	6.36
Capex per Share Full definition →		(4.46)	(4.19)	(4.71)	(5.80)
Free Cash Flow per Share Full definition →		2.51	(0.74)	2.01	0.56
Cash per Share Full definition →		0.77	0.47	0.62	0.66
Shareholders Equity per Share Full definition →		14.80	15.22	17.69	18.46
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		14.80	15.22	17.69	18.46
Free Cash Flow Full definition →		542.30	(160.00)	431.20	120.30
Working Capital Full definition →		(1,184.10)	(957.70)	(782.00)	(1,008.30)
Capital Expenditures Full definition →		(963.20)	(899.50)	(1,010.10)	(1,244.80)
Net Current Asset Value Full definition →		(19,657.50)	(21,400.10)	(22,090.30)	(22,727.60)
EV/EBIT Full definition →		17.15	20.05	20.07	18.97
Capex to Sales Full definition →		0.24	0.22	0.23	0.22
Price to Operating Income Full definition →		11.97	14.82	15.00	14.16
Other line items
Average Receivables Full definition →		1,546.45	1,547.50	1,680.35	1,793.65
Average Payables Full definition →		1,942.75	2,035.45	1,917.55	—
Average Inventory Full definition →		381.80	295.30	377.60	416.25
Average Assets Full definition →		23,976.25	24,953.80	26,013.95	26,885.30
Average Common Equity Full definition →		3,808.20	2,920.85	3,253.55	3,397.20

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Columns are period end dates · fundamentals updated 5 Nov 2026

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