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Saturday 17 October 2026 Export TRGP’s income statement to Excel — free account

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.

294.21 11.66 +4.13%
Market cap
$60.6B
P/E
28.0×
Fwd P/E
24.7×
Dividend yield
1.95%
F-score
6/9
Altman Z
2.27
Beneish M
−3.05
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Targa Resources, Inc. (TRGP) Current ratio

Alert me on Current ratio

Targa Resources, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 0.8×, up 0.1× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.5× (fiscal 2018) to 1.1× (fiscal 2015); the current reading is higher than 18% of that period. That is below the Oil & Gas Midstream industry median of 1.2× and below the Energy sector median of 1.4×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.7× (7.97%)
FY2024 0.7× (8.94%)
FY2023 0.8× 3.45%
FY2022 0.8× (0.21%)
FY2021 0.8× (6.18%)
FY2020 0.8× (7.33%)
FY2019 0.9× 74.67%
FY2018 0.5× (35.46%)
FY2017 0.8× (8.91%)
FY2016 0.9× (17.99%)

Quarterly newest first

Period Current ratio Change
Jun 2026 0.8× 7.34%
Mar 2026 0.7× 7.79%
Dec 2025 0.7× (13.88%)
Sep 2025 0.8× 11.33%
42 more quarters

Against its own ten years

Low 0.5× High 1.1×
Ten-year median 0.8×
Current reading's percentile 18

Current ratio against peers

Company Current ratio
ET Energy Transfer LP compare 1.2×
EPD Enterprise Products Partners L.P. compare 0.9×
MPLX MPLX LP compare 0.9×
LNG Cheniere Energy, Inc. compare 0.9×
TRGP Targa Resources, Inc. 0.8×
OKE ONEOK, Inc. compare 0.7×
TRP TC Energy Corporation compare 0.6×
WMB Williams Companies, Inc. (The) compare 0.5×
KMI Kinder Morgan, Inc. compare 0.5×
Oil & Gas Midstream industry median 1.2×
Energy sector median 1.4×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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