Targa Resources Corp.
About Targa Resources Corp.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
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Financial summary
- Revenue FY2025
- $17.0B
- Net income
- $1.9B
- Total assets
- $25.2B
- Market cap
- $56.7B
- Gross margin
- 38.3%
- Operating margin
- 19.6%
- Net margin
- 11.5%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $17.0B
- Cost of revenue
- $10.5B
- Gross profit
- $6.5B
- Operating expenses
- $3.2B
- Operating income
- $3.3B
- Income tax
- $529.7M
- Net income
- $2.0B
- EPS (basic)
- $8.52
- EPS (diluted)
- $8.49
Balance sheet
- Total assets
- $25.2B
- Current assets
- $2.4B
- Total liabilities
- $22.0B
- Current liabilities
- $3.5B
- Shareholders’ equity
- $3.2B
Cash flow
- Operating cash flow
- $3.9B
- Investing cash flow
- -$3.6B
- Financing cash flow
- -$266.6M
- Net cash flow
- $8.8M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $56.7B
- P/E ratio
- 31.1
- EPS (diluted)
- $8.49
- Dividend yield
- 1.89%
- Shares outstanding
- 214.6M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Dec 7, 2010
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $1.9B in FY2025.
- Revenue grew 0% from FY2021 to FY2025.
- Gross margin of 38.3%, net margin 11.5%.
- Trading 5% below its 52-week high.
- Pays a dividend yielding about 1.89% annually.
- Valued at a price-to-earnings (P/E) ratio of 31.1.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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