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

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

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Columns are period end dates · fundamentals updated 5 Nov 2026

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