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Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

266.27 5.55 −2.04%
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
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Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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 September 2026 was 0.7×, 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 1.3×.

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
Sep 2026 0.7× (3.66%)
Jun 2026 0.8× 7.34%
Mar 2026 0.7× 7.79%
Dec 2025 0.7× (13.88%)
43 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
MPLX MPLX LP compare 1.6×
ET Energy Transfer LP compare 1.2×
EPD Enterprise Products Partners L.P. compare 0.9×
LNG Cheniere Energy, Inc. compare 0.9×
OKE ONEOK, Inc. compare 0.8×
WMB Williams Companies, Inc. (The) compare 0.7×
TRGP Targa Resources, Inc. 0.7×
KMI Kinder Morgan, Inc. compare 0.7×
TRP TC Energy Corporation compare 0.6×
Oil & Gas Midstream industry median 1.2×
Energy sector median 1.3×
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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